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Developer cancels purchase of most expensive land lot


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Thu Thiem Peninsula in HCMC's District 2 in May 2021. Photo by VnExpress/Quynh Tran

 

A property developer who successfully bid to buy a land lot in HCMC at VND2.45 billion ($108,000) per square meter last month has decided to pull out.

 

Tan Hoang Minh would not go ahead with the purchase of a 10,060-square-meter lot in the Thu Thiem Peninsula, a spokesperson for the Hanoi-based company told VnExpress after it informed top government leaders including President Nguyen Phu Trong.

 

It means the company will forfeit its deposit of over VND588 billion.

 

Full Story: https://e.vnexpress.net/news/economy/developer-cancels-purchase-of-most-expensive-land-lot-4415298.html

 

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-- © Copyright VN Express 2022-01-12

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