Land prices for subdivision along Ring Road 4 continue to increase
Research by Lao Dong reporters shows that the segment of subdivided land near the Ring Road 4 project (Hanoi) has recently begun to become vibrant again.
Many investors tend to flock here to buy land with the expectation that the segment will increase when Ring Road 4 is completed in 2027.
Mr. Nguyen The Long (45 years old, living in Song Phuong commune, Hoai Duc district) said that in early 2024, the price of land divided into plots in Song Phuong, Duc Thuong, Duong Lieu, Tien Yen communes reached an average of 40-60 million VND/m2 but has now increased quite strongly, ranging from 60-75 million VND/m2.
In the central area alone, the price of land plots separated near Thang Long Avenue, where there is synchronous infrastructure, in early 2024, the selling price was from 80-90 million VND/m2, now increased to 90-120 million VND/m2. See more
Real estate credit is finding a balance
The Vietnamese real estate market is gradually stabilizing after a long period of stagnation. Although liquidity shows signs of improvement, investors still face many pressures as competition increases, capital is no longer as abundant as before. In that context, the growth problem is a big challenge, businesses must find ways to maintain profits in more strict market conditions.
According to Mr. Xavier Jean, Executive Director of Corporate Ranking of S&P Global Ratings, the level of financial leverage of Vietnamese real estate enterprises is still average but has increased rapidly in the large enterprise group, especially multi-industry corporations.
The increasingly Differentiation in Credit Quality makes large enterprises more vulnerable to economic shocks, refinancing risks and market psychological fluctuations. If a financial stress event occurs at a large corporation, the risk of spreading will not only affect the entire real estate industry but also have a strong impact on the banking system. This is similar to what happened during the 2021-2023 real estate crisis period". See more
Factors driving up agricultural land prices
22 people abandoned deposits in the Ha Dong land auction to 262 million VND/m2
A representative of the Ha Dong District Investment and Construction Project Management Board (under the People's Committee of Ha Dong District, Hanoi) said that after the deadline for paying land use fees according to regulations, 5/27 plots of land have been paid 100% of the land use fee by customers.
Accordingly, the 5 plots of land that customers paid for use, including the plot of land marked 1A-3 (located next to the cemetery) in Dong Danh - Dong Coc area (Phu Luong ward) with an area of 57.5m2, won the auction for more than 262 million VND/m2. The total value of the land plot is more than 15 billion VND and the customer has paid the full land use fee.
The plot of land marked 5B-23 in Dong Bo, Dong Chuc, Cua Cau, Dong Men (Area B, Phu Luong Ward) and plot 2A-09 in Ha Khau copper Land (Phu Luong Ward) both have an area of 62.5m2, winning the auction of more than 166 million VND/m2 and were also paid by customers with more than 10.4 billion VND. See more
