Land Price Trends in Ho Chi Minh City
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Questions and Answers

What was the initial estimated land use fee stated by Ms. Nguyen Thi Hoa?

  • 1 billion VND
  • 1.3 billion VND
  • 2 billion VND
  • 500 million VND (correct)
  • How much did land prices in Ho Chi Minh City increase to per square meter?

  • 20 million VND/m²
  • 5.7 million VND/m²
  • 67.5 million VND/m² (correct)
  • 50 million VND/m²
  • By how much did the revised land use fee increase approximately?

  • 500 million VND
  • 2.5 billion VND
  • 1 billion VND
  • 1.5 billion VND (correct)
  • What price did Ms. Nguyen Thi Hoa purchase the land for in 2016?

    <p>1.3 billion VND</p> Signup and view all the answers

    How did Ms. Nguyen Thi Hoa describe the revised fee?

    <p>Shocking and high</p> Signup and view all the answers

    Study Notes

    Land Price Increase in Ho Chi Minh City

    • Land prices in Ho Chi Minh City (HCMC) have risen significantly.
    • Prices have increased from 5.7 million VND/m² to 67.5 million VND/m².
    • A land owner, Ms. Nguyen Thi Hoa, experienced a significant increase in the land use fee.
    • The initial estimate for the land use fee was 500 million VND.
    • The revised fee increased to approximately 1.5 billion VND.
    • The land was purchased in 2016 for 1.3 billion VND.
    • The revised fee is significantly higher than both the initial estimate and the purchase price.
    • Ms. Hoa expresses shock at the increased fee.
    • The new fee makes it more expensive to transfer the land for different purposes compared to the original purchase price.

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    Description

    This quiz examines the substantial rise in land prices in Ho Chi Minh City, highlighting the drastic increase from 5.7 million VND/m² to 67.5 million VND/m². It features a case study of Ms. Nguyen Thi Hoa, who faced a dramatic hike in her land use fee, affecting her financial calculations and land transfer options. Explore the implications of these changes in land value and use fees.

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