Faced with this, many opinions are concerned that if there are no effective preventive measures, a situation of "blue army, red army" will occur.
Recently, Dan Phuong District Land Fund Development Center has successfully organized an auction of 85 plots of land.
The results after the auction recorded 67 plots of land on N1 road area, land plots with a starting price of 40 million VND/m2 with winning prices ranging from 41.4 - 62.8 million VND/m2. Among these, location A7 is the plot with the largest area with 101 m2, winning at a price of 62 million VND/m2, equivalent to nearly 6.3 billion VND.
Notably, the plots located close to the N1 branch road have a starting price of 49 million VND/m2 but the winning price more than doubled, reaching nearly 100 million VND/m2.
Quoc Oai district also successfully auctioned 34 plots of land belonging to 3 projects DG02, DG08 in Khanh Tan village - Sai Son commune and DG06 in Can Huu commune with a total area of 3,100 m2.
The starting price for the lowest plot is 24.8 million VND/m2, the highest plot is 52.8 million VND/m2. Among them, the highest winning auction plot was at 74.1 million VND/m2, a difference of more than 21 million VND/m2 compared to the starting price. The land plot with the lowest winning price is 28 million VND/m2, more than 3 million VND/m2 higher than the starting price.
It can be said that the auction land market went through a hot period, especially in the two years 2021-2022, but then "plunged" sharply and was almost paralyzed in the period 2022-2023. But since the beginning of 2024 until now, the auction land market has started to heat up again.
Explaining the excitement of auctioned land , Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club analyzed that the price of this segment is quite soft, mainly from 2 - 3 billion VND, so it is easy to pay. account and suitable for the financial conditions of many people in the current context.
In addition, districts on the outskirts of Hanoi have great advantages in terms of land fund and development space. Besides, according to Mr. Diep, the Land Law 2024 is about to take effect, land prices will be updated annually, which may cause real estate prices to go up. Therefore, many investors are trying to accumulate land before the law is applied.
It's easy to see that the common point in Hanoi's suburban areas that have had vibrant land auction activities in recent times is often localities with "huge" infrastructure planning. As in Me Linh, Dan Phuong has a project of ring road 4 in the Capital region. In Dong Anh, information about district planning is attracting a lot of special attention from investors.
Notably, as soon as the auction land market became popular again, many opinions were concerned that the situation of "auction brokers" and the red and green armies would reoccur. Clearly, turbulence in the auction land market is starting to appear and could flare up if there is no timely solution to prevent it.
Experts from the Association of Real Estate Brokers (VARS) acknowledge that the risk of price inflation has not completely ended, so people need to pay close attention and carefully study information to avoid falling into the "wrong path". Buying is easy but selling is difficult because the winning bid is too high. In particular, in the context of slow liquidity, investors absolutely do not use financial leverage.
Not only investors, the authorities need to prevent the situation of "auction brokers", green and red soldiers from disrupting land prices.
Financial expert, Associate Professor. Dr. Dinh Trong Thinh warned that real demand is very large and investor sentiment is gradually recovering, but localities need to be aware of the possibility that some people may use measures to push prices.
