Ho Chi Minh City approves 18.2 trillion VND auction for Thu Thiem land and apartments

The Ho Chi Minh City People's Committee has approved specific land prices to determine the starting auction price for five land plots and 3,790 apartments in the Thu Thiem New Urban Area, An Khanh Ward. The total approved value is over 18,253 billion VND.

The valuation includes over 11,316 billion VND for land use rights covering approximately 7.88 hectares of high-rise mixed-use residential land, over 6,360 billion VND for the construction of 3,790 apartments, and more than 576.9 billion VND for allocated infrastructure.

The five plots involved are identified as 1.K7.9.HH, 1.K7.5.HH, 1.K7.6.HH, 1.K7.8.HH, and 1.K7.7.HH, located within the Binh Khanh resettlement area. The auction is expected to take place in the final quarter of 2026. The land use term for the successful bidders will be 50 years from the date the land allocation decision is issued.