In recent years, Dong Anh land has been an area with continuous fluctuations with land fevers coming from factors such as planning information, transport infrastructure, and super project works. Most recently, a series of large projects have landed in Dong Anh such as BRG smart city and information about a series of new projects that will be implemented in the future in Dong Anh has caused waves in the Dong Anh real estate market in general and the land segment in particular.
Up to now, according to a survey by the website Batdongsan, Dong Anh land continues to be a hot spot to attract investors after Tet. The selling price and transaction volume of Dong Anh land continues to tend to increase compared to the end of last year.
Accordingly, the asking price for plots of land in good locations, possible for business in Dong Tru, Le Phap, Tien Duong, Uy No... continues to increase, from 190 - 240 million VND/m2 at the end of last year to 195 - 245 million VND/m2 at present.
In the same time period, with large frontage land in Phuong Trach, the asking price also increased from 190 - 220 million VND/m2 to 195 - 230 million VND/m2. In particular, with land with 2 frontages in Trung Thon village - locations close to Vinhomes Co Loa super project, the selling price also increased from 240 - 250 million VND/m2 to 250 - 260 million VND/m2. Land price on Xuan Canh Street increased from 120 - 140 million VND/m2 to 130 - 147 million VND/m2.
Similarly, in "less beautiful" locations than the above locations, Dong Anh land also recorded a notable price increase. Compared to the end of last year, the land in the Northwest of France increased from 85 - 110 million VND/m2 to 88 - 114 million VND/m2.
In the location of a wide alley with 2 cars avoiding each other, Tien Duong land price also increased from 75 - 105 million VND/m2 to 80 - 110 million VND/m2. Nguyen Khe land, a businessable location, the price has increased from 75 - 96 million VND/m2 to 80 - 100 million VND/m2. Van Noi and Bac Hong land, with small alley land locations located deep in the village, the selling price also increased from 50 - 55 million VND/m2 to 54 - 59 million VND/m2. Land in alleys in Xuan Canh also increased from 82 - 97 million VND/m2 to 86 - 100 million VND/m2.
The increase in land prices in Dong Anh makes this market strongly attractive to investors. The market here is a gathering of stunning sharks and even sideways investors, entering the market for the first time " wet feet". In fact, during the fever of Dong Anh land following major traffic projects or previous planning information, the market witnessed many investors "not having" experience in surfing, being stranded, then having to sell at a loss or until now still unable to get rid of goods.
With a hot land market, investor Nguyen Van Hoang (currently residing in An Khanh, Hoai Duc) said that the formation of land fevers is due to crowd psychology. New investors entering the market need to keep a cool head, not let themselves follow the FOMO (Forever-S upset Syndrome) in the crowd. alertness is necessary during land fevers to not ignore the principles in investment: the reasonableness of price levels, the legality of land, the potential of the market and the region.
Mr. Le Dinh Chung - General Director of SGO Homes Real Estate Consulting and Development Joint Stock Company - commented that to ensure efficiency and limit risks, investors need to pay attention to avoiding following the crowd psychology. 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 to "surf" quickly.
