Research by Lao Dong reporters shows that, expecting that investing in suburban land will bring great profits in the future, many people have recently been willing to spend billions of dong to buy "surf" despite the risks.
Mr. Nguyen Huu Kien (45 years old, owner of a plot of land near Hoa Lac High-Tech Park, Thach That) said that the plot of land he is selling for 1.5 billion VND/plot, about 60m2 wide, has completed infrastructure, and has a red book as the owner.
"Due to urgent need for money, my family is selling a plot of land about 60 square meters wide, about 3.5km from FPT University, about 4km from Hanoi National University for nearly half a year now, but no one has decided to buy it yet" - Mr. Kien said.
Similarly, Ms. Trinh Thi Tam (65 years old, living in Thach Hoa commune, Thach That district) informed that about 2-3 years ago, many investors with financial potential traveled from Hanoi to Hoa Lac to buy land to catch the investment wave, do business in boarding houses, and build mini apartments.
However, due to not achieving expectations, recently in Thach Hoa commune, there have been many plots of land plots that have been marked by owners and advertised for urgent sale due to financial difficulties.
Although it is difficult to find buyers and the transaction success rate is small, a recent survey by PropertyGuru Vietnam Company shows that land in Thach That district increased by about 10% compared to the third quarter of 2024.
For example, in the third quarter of 2024, land prices in Tien Xuan commune with road frontage were priced from 27-30 million VND/m2, currently being advertised at 29-32 million VND/m2; land in Binh Yen commune was previously priced from 20-22 million VND/m2, currently unstable at 22-24 million VND/m2.
Land in Thach Hoa commune, the location of the double road increased from 35-36 million VND/m2 to 38-40 million VND/m2.
Also in Thach That area, land in Tan Xa in locations where the two-car road avoids each other, previously priced from 22-25 million VND/m2, currently fluctuating around 24-27 million VND/m2.
Many real estate experts also commented that a few years ago, investors with financial potential often tended to buy land in suburban districts to wait for prices to increase over time.
However, due to not achieving expectations, the market has recently seen a mass sale after a period of investment in "surfing".
Referring to this content, Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - analyzed that investors who intend to invest capital, buy and sell land in suburban districts of Hanoi such as Hoai Duc, Thach That, follow projects, and catch the investment wave need to determine that this is a long-term investment, not a short-term investment.
Experts have oriented that large plans and projects in the suburban area are still in the process of being implemented, the connecting transport infrastructure is still not complete, investors need to study carefully, should buy products that are legally guaranteed and have red books to minimize future risks.
