After more than a decade of application, the land price list system issued under the 2013 Land Law will officially expire on December 31, 2025. From January 1, 2026, a new land valuation mechanism under the Land Law (amended) will be implemented, marking a fundamental change in the State's determination and management of land prices.
This is considered one of the biggest reforms in land policy, aiming to thoroughly handle the situation of the long-standing gap between land prices regulated by the State and actual transaction prices on the market - an problem that has existed for many years and caused many consequences.
The land price list according to the 2013 Land Law is only valid until December 31, 2025
According to the transitional regulations, the current land price list in localities will only continue to be applied until December 31, 2025. From January 1, 2026, all transactions and financial obligations related to land will be based on the new land price list.
The termination of the validity of the land price list built on a 5-year cycle marks the end of a management mechanism that has revealed many limitations, especially the large gap between State prices and market prices over a long period of time.
Land price list updated annually from 2026
According to the new mechanism, the land price list is no longer issued according to the fixed 5-year cycle as before, but will be built and updated annually. Regular adjustments aim to ensure that land prices announced by the State are closer to market fluctuations, promptly reflecting factors on supply - demand, infrastructure and development level of each area.
This approach is expected to overcome the situation of State land prices being slow to adjust compared to reality, which is the cause of many inadequacies in land policy management and implementation.
Land prices are determined to each plot, aiming to eliminate "double prices"
The most important change of the new land price list is that land prices will be determined in detail for each location, each plot of land, instead of being determined according to the average price framework as before.
Land prices are determined on market principles, based on land data systems, actual transaction information, auction and transfer results, along with factors on planning, infrastructure and land use purposes.
The construction of a land price list close to market price is expected to eliminate the "double-priced" mechanism - the cause of budget losses, complaints in compensation, site clearance and land market disturbances in the long term.
With the new mechanism, the financial obligations for land of people and businesses will be determined more closely to reality. At the same time, the State has more effective and transparent land management tools in the context of an increasingly complex real estate market.
2025 is considered a pivotal period, when localities must complete the land database and prepare a plan to build a new land price list to be applied in time from the beginning of 2026. The synchronous and consistent implementation will determine the success rate of this important policy reform.
