Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn - commented that in the future picture of the market, from the fourth quarter of 2024 to the beginning of the second quarter of 2025, the market recovery will be clearer. The focus of investment will no longer be apartments but private houses and townhouses.
Unlike the gloomy market period, from the second quarter to the end of 2025, when investors' confidence in the market becomes increasingly clear, selling price and legal factors are no longer placed too heavily, the potential for price increase is the key to deciding to spend money. Land and project villas - profitable segments are of interest to investors.
According to Mr. Le Dinh Chung - Member of VARS Market Research Working Group, General Director of SGO Homes, the land market in the Northern provinces is showing signs of positive recovery and recording significant price increases.
In particular, Hung Yen has emerged as a bright spot since mid-2024, attracting strong interest from investors thanks to its impressive price increase rate, ranging from 30-50%. Hung Yen is oriented to become the province with the largest industrial park land fund in the country, creating favorable conditions for economic and real estate development. At the same time, this province is also located on key traffic routes, with a continuously strong infrastructure system, providing convenient connection with Hanoi and other key areas.
The attractiveness of the Hung Yen market has increased as many large corporations such as Vingroup and Hoa Phat have invested heavily, creating momentum to promote development and increase real estate value. In particular, the Hung Yen market has only received attention since mid-2024, so there is still much room for growth in the future.
Besides Hung Yen, neighboring markets such as Bac Giang, Hai Duong, Hoa Binh, Thai Nguyen and Bac Ninh are also attracting great attention from investors. Thanks to the strategic location advantage, economic potential and increasingly complete infrastructure, real estate values in these areas have also grown significantly.
Mr. Le Dinh Chung commented that the land segment will continue to be an attractive investment segment in the coming time. Accordingly, the regulation on tightening land subdivision and sale makes land funds increasingly scarce, causing land prices to increase. In addition, the land segment is also suitable for the financial capacity of the majority of people, while meeting the psychology of real estate investment as a safe and sustainable asset of Vietnamese people.
However, to ensure efficiency and limit risks, investors need to be careful to avoid following the crowd. Thoroughly researching the market, prices and development potential of the area is necessary before making an investment decision.
Investors should also evaluate the level of infrastructure and utility development in the area to predict the possibility of future price increases. Prioritize projects from reputable investors with good capacity and implementation experience. In addition, investing in land at the present time requires a medium-term vision, with a capital recovery period of at least 1 to 3 years, instead of expecting a quick "surf".
