Ho Chi Minh City Lists Five Thủ Thiêm Land Parcels for Auction
Ho Chi Minh City announced on November 10 that it would auction five land parcels in the Thủ Thiêm New Urban Area and 3,790 apartments on the sites, with a combined starting price exceeding VND 18.253 trillion. The city also expects Thủ Thiêm land auctions to generate more than VND 37.585 trillion in the final two months of 2026.
The Ho Chi Minh City Asset Auction Service Center announced on November 10 that it had listed five land parcels in An Khánh Ward in the Thủ Thiêm New Urban Area for auction, along with buildings and other assets on the sites. The parcels are in the Bình Khánh Resettlement Residential Area and cover a total of 78,822.7 square meters. They are designated for mixed residential and service use, with a 50-year land use term.
A view of the Thủ Thiêm New Urban Area in Ho Chi Minh City.（VietVance）
The parcels are designated R1 through R5. R1 covers 31,461.7 square meters; R2, 8,167 square meters; R3, nearly 7,343 square meters; R4, more than 19,616 square meters; and R5, 12,235 square meters. The sites contain 3,790 apartments built with state budget funds: 2,220 on parcels R1 through R3 and 1,570 on R4 and R5.
Total investment in the project is estimated at more than VND 39.843 trillion. This includes a combined auction starting price of more than VND 18.253 trillion for land use rights and assets on the sites, and estimated construction investment of nearly VND 21.590 trillion, excluding value-added tax. The starting price comprises VND 11.316 trillion for land use rights, VND 6.360 trillion for buildings and approximately VND 577 billion in allocated infrastructure value. Companies participating in the auction must have equity of at least 20% of the estimated total investment, or approximately VND 7.968 trillion.
At a city government meeting on November 5, the Ho Chi Minh City Department of Agriculture and Environment said the city's land revenue had reached VND 72.030 trillion as of October 21, or 44.3% of its 2026 target of VND 162.631 trillion. The department expects Thủ Thiêm land auctions to generate more than VND 37.585 trillion in the final two months of the year. If all planned revenue is realized, annual land revenue is expected to reach VND 183.262 trillion. Department director Nguyễn Toàn Thắng said the department would accelerate land valuation approvals and auction procedures for eligible parcels before year-end.
Source: VietVance
