VnExpress News The News Gateway of Vietnam
VietinBank is set to auction a penthouse with prices starting at VND54.1 billion ($2.2 million) in Hanoi for the fourth time, following three unsuccessful attempts to sell this collateral property.
The five-bedroom penthouse is on the 44th and 45th floor of Vinhomes Metropolis building in Ba Dinh District.
It is a 456-square-meter apartment with a private pool and a view of West Lake.
The fourth auction is scheduled for Jan. 18. At VND54.1 billion starting price, or VND118 million per square meter. The price is down 8.76% from the last auction.
There was no participant in the last three auctions. Banks have been struggling to sell collateral amid a frozen property market.
Last year, an HCMC-based bank tried to sell 20 apartments, including 10 penthouses, several times without success.
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