Land prices increase locally, warning of risks of surfing
The land market in the suburbs of Hanoi and neighboring provinces has recorded a significant price increase in the past year. Although investment cash flow has begun to return, strong price increases in some areas have also caused risks from local land fever to appear, especially for Jungle investors.
In Hanoi, land prices in many suburban areas are on the rise. Dong Anh area recorded an average price of 60-90 million VND/m2, especially some beautiful lots near major roads reaching 120 million VND/m2, even many areas exceeding 150 million VND/m2.
Me Linh land prices have also increased sharply, many locations previously only fluctuated from 20-30 million VND/m2, now approaching 40-50 million VND/m2. Hoai Duc, especially around the access routes to large metropolises, especially in some areas such as An Khanh, Kim Chung, Song Phuong, Van Canh, is commonly traded at 70-110 million VND/m2, about 50% higher than the same period last year. Thanh Oai and Chuong My, which have the advantage of large and low-cost land funds, also increased by an average of 30-40%, to 25-40 million VND/m2. See more
Me Linh is about to auction 33 plots of land, starting at 5.6 million VND/m2
National Joint Stock Auction Company No. 5 has just issued a notice of auction of land use rights for 15 plots of land at Point X1, Dong Cao Village, Trang Viet Commune, Me Linh District, Hanoi City (phase 5).
The plots of land have an area of 100 - 198.09m2, the starting price for the plots of land is 6,604,000 VND/m2. The deposit for each plot of land is from 112 - 222 million VND/plot of land. The common price step applied to the plots of land in the auction is 6 million VND/step.
Auction by upward bidding method. The auction is conducted by direct voting in multiple rounds at the auction and through at least 5 mandatory auction rounds; in case that in any auction round before auction round No. 5, there is a minimum valid bid equal to the starting price approved by the District People's Committee plus 4 price steps, then the winner will be determined, if no one participates in the next auction round. The direct voting in multiple rounds at the auction ended when no one participated in bidding. See more
Dak Lak prepares to break ground on 2 projects with a total investment of VND 3,200 billion
On February 25, the Dak Lak Provincial People's Committee informed that in the 9th Buon Ma Thuot Coffee Festival in 2025, there will be some adjustments and additions to new activities to create more diversity and attraction for the event.
Within the framework of the festival, a groundbreaking ceremony will take place for the Commercial - Hotel - Housing Complex Project (Mai Hac De Street, Buon Ma Thuot City) on the morning of March 11, 2025. See more
Disillusioned with buying billion-dollar land without dividing plots
In early 2022, Ms. Vuong Thi Nga (39 years old, from My Duc district, Hanoi) researched information on groups and social networks and decided to buy a piece of land for 1.5 billion VND.
According to Ms. Nga, the land she bought was in a large plot of land, divided into many small pieces. The entire land is under the name of one person in Thach That district. However, when he put down money to buy, for more than 3 years, the land was still embroiled in a dispute and had not been divided into small books.
"Because I did not research carefully, when I finished buying, I discovered that the plot of land had been in dispute for a long time. According to the law, disputed land will not be divided. When I need money to do business, it is difficult to find buyers for a plot of land for sale." See more
