In early 2025, the land market recorded many signs of improvement after a period of stagnation. In many areas on the outskirts of Hanoi and neighboring provinces, land prices have increased significantly, some investors have "won big" by paying since the price was low.
According to a survey by Lao Dong Newspaper reporters, land prices in suburban areas of Hanoi and neighboring provinces have increased by an average of 50-100% after two years. For example, in Dong Anh, in early 2023, land prices ranged from 30-40 million VND/m2, but by early 2025, this price had increased to 50-75 million VND/m2 depending on the area. prime locations near major roads and Nhat Tan bridges have even higher increases, with prices exceeding 150 million VND/m2. In Hoai Duc, land prices from 18-25 million VND/m2 have now increased to 45-60 million VND/m2, recording an average increase of 120% in two years.
In Soc Son, land near town or Noi Bai airport also recorded a sharp increase. If in 2023, the land price in this area fluctuated between 15-18 million VND/m2, then by early 2025, it had increased to 30-35 million VND/m2, an increase of more than 100%. The plots of land for road business near the airport have even reached 45-55 million VND/m2, double the previous two years.
Mr. Nguyen Van Manh (an investor in Hanoi) shared that in early 2023, he decided to spend money to buy a 50m2 plot of land in Hoai Duc for 1 billion VND. At that time, the market was still not really vibrant, and transactions took place quite slowly. However, with the information that this district is preparing to become a district with a series of large infrastructure projects, land prices have increased rapidly. Up to now, Mr. Manh's land plot has been priced at about 2 billion VND, equivalent to double the profit after only two years.
Ms. Le Thu Ha (an investor in Bac Ninh) also recorded a large profit from land. She said that in 2023, she bought a 70m2 plot of land near Yen Phong Industrial Park for 1.2 billion VND. Thanks to the development of the industrial park and the influx of foreign investment capital, the value of this plot of land has reached 2.4 billion VND, helping her achieve a good profit.
Abandoning capital to invest in land during the market not too hot has helped many investors reap great profits.
Commenting on the land segment, Mr. Le Dinh Chung - Member of the Market Working Group of the Vietnam Real Estate Brokers Association (Vars) - said that from April 2024 to now, land in the suburbs of Hanoi has increased in price locally, some neighboring provinces such as Bac Giang, Hung Yen, Bac Ninh also increased by 10-20% compared to the bottom period.
The expert predicts that it will not be until the second quarter of 2025 that the land market will see clear positivity. Therefore, people who want to buy land at this time need to determine a long-term investment vision, avoid investing massively according to the crowd effect, need to determine a medium-term capital recovery of at least 1-3 years, instead of short-term investment.
Mr. Nguyen Duc Cay, Chairman of the Board of Directors of Constrexim Housing Development Joint Stock Company, said: Land in some areas such as the suburbs of Hanoi may be an opportunity, but it is also a double-edged sword. Therefore, to invest effectively, investors need to equip themselves with knowledge, evaluate carefully, and stay away from speculative psychology. Following the price fever without a clear strategy can lead investors into a spiral of debt and disappointment."
