Land prices increase rapidly, auction areas are still deserted
Located right in the center of Ninh Phong ward (Hoa Lu city, Ninh Binh province), the land area of tens of hectares has been invested in building relatively complete infrastructure and auctioning land use rights for people since 2022. However, up to now, the entire land is so vast, but only a few people have built houses, the rest are empty.
According to the investigation of Lao Dong Newspaper, in the past month, land prices in this area have suddenly skyrocketed. On average, a plot of residential land with an area of 100m2 - 120m2 has a price ranging from 3.6 billion VND to 4.5 billion VND/plot, depending on the location.
Mr. Nguyen Thanh Tu (Director of a real estate trading office in Hoa Lu city) said that in recent days, many investors from all over have flocked to Hoa Lu city to buy land, causing land prices here to increase. See more
Investors are stranded when holding billion-dollar land plots following planning
With idle money, in 2019, Mr. Nguyen Van Binh (48 years old, living in Thanh Xuan district, Hanoi) took the opportunity to buy a piece of land for 1.5 billion VND in Thach That district, Hanoi.
When finalizing the purchase, investors "argue" as Mr. Binh expected, the formation of the Hoa Lac satellite urban area project (Thach That district) will attract many businesses, universities and key projects, causing real estate prices to increase over time.
"However, despite being the earliest place to be formed, Hoa Lac satellite urban area (Thach That district) still has vacant land, many places have become places for free cattle grazing. Although I have been selling a plot of land for more than half a year, I still have no one to buy, now I just want to sell it to break even". See more
Types of land that cannot be converted to residential land in 2025
Can Tho completes the specific land valuation council
Chairman of Can Tho City People's Committee Truong Canh Tuyen recently signed a Decision on the completion of the Specific Land Valuation Council in the city (abbreviated as the Council).
According to this Decision, Mr. Duong Tan Hien, Permanent Vice Chairman of the City People's Committee is Chairman of the Council. The Vice Chairman of the Council is Mr. Le Thanh Tam, Director of the Department of Finance of Can Tho City.
The specific land valuation council in Can Tho city also has many other members, including: Mr. Tran Phu Loc Thanh, Deputy Director of the Department of Agriculture and Environment; Mr. Huynh Van Sau, Deputy Director of the Department of Construction; Mr. Doan Trung Kien, Deputy Director of the Department of Justice; Mr. Huynh Tan, Deputy Head of the Tax Department of the XIX region; Chairman of People's Committees at all levels...; representative of the price determination consultancy team and expert on land prices.
The task of this Council is to operate and conduct the appraisal of land price plans according to the provisions of the 2024 Land Law, Decree No. 71/2024/ND-CP dated June 27, 2024 of the Government and guiding documents for implementation; conduct periodic and ad hoc reports as required to the City People's Committee and the Chairman of the City People's Committee on performing assigned tasks. See more
