Talking to Lao Dong reporter, Mr. Nguyen Van Toan (35 years old) - a real estate investor in Hanoi - informed that at the end of March 2025, he had just decided to buy an 80m2 plot of land in Quoc Oai district for 46 million VND/m2.
According to Mr. Toan, compared to the stagnant period last year, the land price here has increased by about 10%. Hoping to increase prices over time, Mr. Toan said that a plot of land with a price of less than VND50 million/m2 that has been divided into plots is a reasonable threshold for investment, making it easier to rotate capital flows than other areas when it has exceeded VND70-100 million/m2.
Similarly, Ms. Vu Thi Hanh (42 years old, living in Thanh Tri district, Hanoi) informed that although she is not a professional investor, when she saw that there were many plots of land in Thanh Tri and Thuong Tin districts for sale under 50 million VND/m2, she decided to spend money to buy them for investment.
Previously, the Vietnam Association of Realtors (Vars) informed that at the end of last year, a "wave" of land has occurred in many districts on the outskirts of Hanoi, pushing up selling prices by more than 30% over the same period. However, actual transactions only arise with segments of about 2-3 billion VND/plot, which can be exploited to create cash flow.
In the coming time, real estate experts predict that Hanoi real estate prices will increase slowly and stay at a high level. Although the central area of the capital is less pressured to reduce real estate prices, the increase range is not as strong as last year. Investment cash flow will continue to shift to suburban urban areas, where there is still much room for growth.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - mentioned that land under 50 million VND/m2 is becoming a cash flow attraction segment due to high liquidity.
In particular, many suburban areas of Hanoi such as Hoai Duc, Dong Anh, Thanh Tri districts are being promoted in planning, making the land segment here attractive when having suitable starting prices.
Many real estate experts believe that since the 2023 Real Estate Business Law took effect, many investors have tended to move to the suburbs to look for small plots of land with clear legal status of about VND50 million/m2, waiting for prices to increase over time.
Notably, tightening the subdivision and sale of land from August 1, 2024 will help prevent the widespread subdivision and sale of land, but the forecasted decrease in land supply will likely push up land prices.
