Warning about agricultural land gathering tricks waiting for price fever

NHÓM PV |

Brokers often provide false information for profit, causing investors to face the risk of losses.

Providing false information for personal gain

When investigating and learning about violations on agricultural land in districts and towns in Hanoi, reporters are mainly led by real estate brokers. These people are often local residents, acquaintances of many people who want to sell land.

In Dai Mo ward (Nam Tu Liem district, Hanoi), a land broker named Ngoc often posts on brokerage websites and social networking platforms to advertise about the agricultural land he is selling with many "winged" advertisements. "Buying land here, I'm sure to help you build a temporary house, a warehouse, a level 4 house. She specializes in selling land like this, all of her customers who buy agricultural land have built houses on the land," Ngoc - the brokerage committed.

Taking PV as an investor to see many plots of land, broker Ngoc continued to provide a lot of information about planning and forecasting land prices to attract customers. "The entire area is located near the road project 70, it has been planned, now it is at the end of the alley, but after the road passes through the entire area, it will be the road surface. My family now buying this piece of land will definitely win big, if not built a house for rent, the land will not increase in price" - the broker affirmed.

Similar situations also occurred in agricultural land areas near Ring Road 4 (section through Hoai Duc district). To make a profit, real estate brokers use many tricks to push up agricultural land prices. "I have checked the land in this area carefully, everything is not "plagued" by planning, just rest assured, after buying, we will help build a fence. If we want to build, we will "only" connect, it will be easy to let go" - the agricultural land broker in Hoai Duc instructed.

Potential consequences

Mr. Nguyen Viet Hung - Vice Chairman of Dai Mo Ward People's Committee - said that the advertisements of brokers as mentioned are not accurate, people need to be alert to avoid damage. "Buying and reselling according to information from "land brokers" is not accurate. We have asked the police to intervene to handle cases of providing false information, causing market disruption. When there is a policy for site clearance, the authorities will publicize information so that people can understand" - Vice Chairman of Dai Mo Ward People's Committee emphasized.

Lawyer Truong Anh Tu - Chairman of TAT Law Firm - informed that after the 2024 Land Law took effect, many localities have witnessed a large-scale wave of agricultural land buying up. Many investors do not use land for production or cultivation, but for the purpose of building factories, houses, homestays, or waiting for prices to increase, taking advantage of land compensation policies to make a profit.

As a result, many areas of agricultural land are not used for the right purposes, causing serious waste and negativity. This not only affects agricultural output and food security, but also hinders real businesses and farmers from accessing land to develop production. "If the land is not used for the right purpose, the State agency has the right to reclaim the land. More serious cases, such as planning violations or causing great damage to the State and society, may result in criminal prosecution. This is a necessary mechanism to protect land resources and ensure that the land accumulation policy is not abused" - lawyer Tu stated.

NHÓM PV
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