According to the reporter of Lao Dong Newspaper, in the days leading up to the merger of the three provinces of Hoa Binh, Vinh Phuc and Phu Tho into the new Phu Tho province, Luong Son district has not yet "cooled down" on the real estate map, thanks to its location adjacent to the capital Hanoi and significant infrastructure growth over the years.
Mr. Tran Manh Duy - a real estate broker in Luong Son, said that the land price level here is still much softer than in the districts on the outskirts of the capital such as Hoai Duc, Thanh Oai, Quoc Oai... This is the "profit level" that investors highly value.
"The process of administrative merger does not lead to disruptions in planning or infrastructure. Becoming a part of Phu Tho province - a locality with strong industrial, service and investment potential will create new momentum for Luong Son to develop towards a satellite ecological urban area," Mr. Duy assessed.
According to Mr. Duy, the phenomenon of "priced keeping" and " liquidity promotion" in Luong Son is clearly reflecting market confidence. Products with clear legal status, located near major traffic routes, or in densely populated areas are still regularly sought after. In particular, land with a moderate area (100-300m2), garden houses under 2 billion VND are still a "money- only" choice for both small investors and home buyers.
Similarly, Mr. Nguyen Manh Linh - a long-time real estate broker in Hoa Binh City said: "The Luong Son market is currently focusing on the residential land and subdivision of land, with the asking price increasing slightly by 10 - 15% compared to the beginning of the year. Transactions are also more vibrant, leading to a bustling atmosphere at land notary offices".
According to Mr. Linh, the attraction of Luong Son real estate comes not only from its location adjacent to Hanoi but also from the increasingly expanding industrial infrastructure. There are currently 3 industrial parks in operation in the district, including: Luong Son Industrial Park, Nhuan Trach Industrial Park and Nam Luong Son Industrial Park.
In addition, the two new industrial parks, Tan Vinh Urban Service Industrial Park and Thanh Cao Industrial Park, which are in the process of implementation, also attracted great attention from investors.
Ms. Do Thi Nga - an investor from Hanoi, said that real estate in Luong Son is recording a minimum price of about 4.5 million VND/m2 for subdivided residential land. Meanwhile, large areas of land serving resort purposes currently range from 2.5 - 3 million VND/m2 or more.
My wife and I have just bought more than 1,000m2 of land in Cu Yen commune, with available residential land, lake views, and a cool climate, making it ideal for a luxury wooden house.
The market here has potential because it is still quite primitive, has reasonable prices, and is close to Hanoi. Many investors are coming to Luong Son to hunt for land in several thousand square meters, develop homestay models, farmstay or as a weekend resort," Ms. Nga shared.
According to the leader of the Branch of the Luong Son District Land Registration Office, the number of records received at the unit is still maintained at a high level, mainly procedures related to land division, subdivision and transfer of land use rights between individuals.
