Research by Lao Dong reporters shows that the land segment under 50 million VND/m2 near Hanoi has gradually disappeared recently. Many land plots in suburban districts are even being advertised at prices exceeding 100 million VND/m2.
For example, an 87m2 plot of land in Thuy Lam commune (Dong Anh district) is being sold by the owner for 5.5 billion VND, equivalent to more than 63 million VND/m2.
The seller describes that the land is only 10 minutes away from Dong Anh town, 25 minutes away from Hanoi city center, located in a densely populated residential area with bustling business.
In Hoai Duc district, a 48.8m2 plot of land in Song Phuong commune is being offered for 4.5 billion VND, equivalent to more than 90 million VND/m2.
Or in Van Canh commune (Hoai Duc district), a 80m2 plot of land is being sold for about 8 billion VND, equivalent to about 100 million VND/m2.
Looking for a cheap plot of land near the center of Hanoi, but for a long time, Mr. Nguyen Van Cuong (56 years old, living in Thanh Xuan district) was surprised that, after many searches, he still could not find a plot of land with a price under 60 million VND/m2.
"My family decided to buy land in a suburban district instead of a townhouse in the inner city, and this is a long-term investment. However, the price of land in the suburbs is increasing, in some places it has exceeded 100 million VND/m2, so I have not yet found a suitable piece of land to close the deal," said Mr. Cuong.
However, Lao Dong reporters' research shows that although the asking price is continuously increasing, there is still no specific analytical data on actual transactions of land plots in suburban districts of Hanoi.
Previously, many real estate experts also warned that it is not impossible that brokers and investors will push up land prices to make a profit, creating a virtual fever.
Mr. Le Dinh Chung - General Director of SGO Homes Real Estate Investment and Development Joint Stock Company - said that recently, the suburban areas of Hanoi have been experiencing a local "land fever", with prices increasing by 10 - 20% compared to early 2024.
The market has been forming a generation of professional and methodical investors. Their "taste" is towards products with houses on land, accompanied by essential utilities and services, meaning they value the sustainability of the product.
Assessing the investment trend in suburban land in Hanoi, Mr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (VARS) - said that recently, the land segment has been receiving positive attention from people.
Investors often "hunt for land" in areas with strong infrastructure development and high urbanization rates.
Mr. Dinh said that if this is a virtual price, "inflated" due to many disturbing effects, then a new "real estate bubble" will certainly be formed. What needs to be done now is for managers to quickly issue a land price list for each area to avoid this situation.
