Hoping that the investment would be profitable in the long term, Ms. Nguyen Le Na (36 years old, living in Hoang Mai district) informed that due to having idle money, her family had just decided to buy a plot of land that had been divided into lots for 3 billion VND in Hoai Duc district.
Ms. Na shared that after hearing the news that Hoai Duc district will become a district in the near future, with land prices in this area reaching 70-100 million VND/m2, she bought a plot of land from an acquaintance who was selling it at a preferential price, with high potential for price increase because it is located on the main road of Van Canh commune.
"The price of subdivided land here is increasing at an unprecedented rate. There are even plots of land in beautiful locations, on main roads in An Khanh, Van Canh, Song Phuong communes (Hoai Duc district) that are being sold by owners for over 100 million VND/m2" - Ms. Na said.
Not only in Hoai Duc district, according to Lao Dong reporter's research, the price of subdivided land in some suburban districts of Hanoi such as Thach That, Quoc Oai... is also about to increase.
For example, in Thach That district, the price of subdivided land in Tien Xuan, Binh Yen, and Tan Xa communes, located on the main road, which can be used for business, was only 25-27 million VND/m2 in early 2024, now it has increased to 30-35 million VND/m2.
In Quoc Oai district, the price of subdivided land on the main roads of Phu Cat and Phu Man communes is currently fluctuating from 27 - 35 million VND/m2, an increase of 5-10 million VND/m2 compared to early 2024. Land plots in Dong Yen commune (Quoc Oai district) are fluctuating at 22-27 million VND/m2, an increase of 3-5 million VND/m2 compared to early 2024.
Assessing the situation of land investment in the suburbs of Hanoi, Mr. Le Dinh Chung - a member of the Market Working Group of the Vietnam Real Estate Brokers Association (VARS) commented that it is not until the second quarter of 2025 that the land market can witness more even development in many places.
However, according to Mr. Le Dinh Chung, the price of land in the suburbs of Hanoi is currently high, with many potential risks. Therefore, if people want to invest in this segment, they should choose areas with synchronous infrastructure, good economic development but land prices have not increased too much in recent times.
Many experts also recommend that before deciding to invest in subdivided land, buyers need to prioritize location, which determines the potential for price increase as well as the liquidity of that product in the future.
At the same time, buyers need to pay attention to information about planning and infrastructure in that area because this information will affect and impact the value of the property later.
