Vietnam set to re-auction controversial southern land parcels that fetched US$100,000 per sq m in 2021
[HO CHI MINH CITY] Developers in Vietnam are gearing up to vie for prime land in the country’s southern hub as plans to re-auction these plots are set for this year.
But don’t expect these “golden land” lots to draw the sort of eye-popping bids they did more than two years ago, said Troy Griffiths, the deputy managing director at real estate agency Savills Vietnam.
The auctions for more than 30,000 square metres of land in Vietnam’s southern hub caused a big stir in late 2021, with bids reaching an average of around US$100,000 per sq m.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected
Indonesia central bank says SRBI auction will be held twice a week to attract more inflow
Thai police raid illegal bitcoin mining operation
Thailand’s April inflation rises slightly, first time in 7 months