Ho Chi Minh City auctions Thu Thiem land plots

The Ho Chi Minh City People's Committee has issued decisions to auction land use rights for several plots in the Thu Thiem New Urban Area in An Khanh Ward. These plots, which include land previously subject to canceled auction results in 2021, are being re-offered for residential, service, and educational projects.

One major plot (1. K3. 5. HH, formerly 3-12) covers approximately 10,059.7 square meters and is designated for mixed-use residential and service functions. It has a starting price of over 10,198 billion VND, roughly 1,014 billion VND per square meter, with an expected total investment of nearly 11,967 billion VND. The project allows for a maximum of 25 floors and a height of 100 meters.

Other plots include a site for an inter-level school covering 21,028.1 square meters, and plot 1. K3. 4. HH (formerly 3-5) for residential and service use with a starting price of nearly 2,092 billion VND. Additionally, plot 1. K3. 1. OD (formerly 3-8) has a starting price of over 2,632 billion VND. Participating businesses must meet specific equity requirements based on the total expected investment of each project.