Da Nang to Auction Over 400 Surplus Public Properties

Da Nang city is moving to auction off a significant portion of its surplus public properties, with 414 state-owned assets slated for bidding. This initiative, approved by Vice Chairman Phan Thai Binh, aims to efficiently manage and utilize public resources, preventing prolonged idleness and potential waste.

The properties to be auctioned are primarily former administrative offices, old schools, former health stations, and community houses. Many are located in central districts and coastal areas, with some in mountainous regions of former Quang Nam province. The city plans to lease suitable properties on a short-term basis before the auction to avoid asset depreciation and generate immediate revenue.

In addition to the 414 properties for auction, the city has allocated 6 properties for local use, transferred 5 to the Da Nang Center for Housing Management and Exploitation, and proposed repurposing 14 others for medical, educational, cultural, or other public services.

Da Nang authorities emphasize that the management and exploitation of these public assets must adhere to principles of openness and transparency. The goal is to prevent properties from falling into disrepair, being encroached upon, or used for unintended purposes. The Center for Land Fund Development will finalize legal documentation and current usage status before proceeding with the auctions.