In recent days, many investors have been frequenting Long Khuc area, Tien Yen commune, Hoai Duc district (Hanoi) to view the auctioned land plot of 133 million VND/m2 . Every time they come here, they are warmly welcomed by local brokers.
These real estate business teams are ready to welcome investors as well as customers who need land in the area near Tien Yen commune from early morning to late afternoon.
The auction, which lasted nearly 20 hours, was an opportunity for brokers to spread the word about land around this area.
Recorded by PV Lao Dong on August 26, it is not difficult for investors to find new real estate brokerage offices springing up in Tien Yen commune.
Advertising signs of these businesses are covered everywhere in all sizes, stretching from beginning to end of Long Khuc area.
In addition to auction land, these brokers are ready to introduce to customers many other real estate product lines around Hoai Duc district, including residential houses/land, service land, garden land...
However, when researching other segments, typically residential real estate, investors will feel "stunned" when hearing the price.
According to the research of the Lao Dong reporter, in a small alley on Tien Yen Street, although the width of the alley is just over 2 meters, the house price has reached 60 million VND/m2.
“Land here is good if you have the money to buy it for living as well as investment. The infrastructure is well-planned, near major roads and especially near beltway 4. Prices in this area are increasing compared to the general level in the area" - broker Nguyen Van Dieu (38 years old) said.
Meanwhile, talking to households in Tien Yen commune, many people also expressed frustration at the sky-high real estate prices in their hometown. Not only that, they are also confused because land prices are different in each place and constantly fluctuating.
Continuing to research around the commune, the reporter learned that, about 500 m away from the house priced at 60 million VND/m2, another house in Tien Le village, with a car park at the door, was only sold for that price. more than 50 million VND/m2 in the past summer.
Or less than a week after the land auction in Thanh Oai (Hanoi City) caused a stir in public opinion, the Thanh Cao commune area - where the land lot won the auction for more than 100 million VND/m2, is recording the number of The influx of real estate brokers increased significantly. Many brokers set up consultations and offered land for sale at skyrocketing prices.
Ms. Pham Thi Mien - Deputy Head of the Market Research and Investment Consulting and Promotion Department of the Vietnam Association of Real Estate Brokers (VARS) - commented that the auction land market in the suburbs of Hanoi is showing signs of of being "speculated and overpriced".
“It is likely that there are groups deliberately pushing the price of a few lots to the peak to create media effects and shape public opinion. After that, they will make profits from other plots of land in the area" - Ms. Mien questioned.
From the above issues, Ms. Mien advises that investors and customers who want to learn about and buy land in suburban areas, especially areas near where the auction just happened, need to be alert.
