A survey by Batdongsan.com.vn with local brokers showed that the number of investors looking into land in Ring Road 4 in the last quarter of the year tended to increase by about 30% compared to previous quarters.
In areas with Ring Road 4 passing through such as Soc Son, Me Linh, Thanh Oai, Dan Phuong, depending on the area, the transaction volume also increased by 10-20% compared to the months of the third quarter of 2024.
In fact, investment cash flow tends to be more abundant at the end of the year. Investors with idle finances are starting to plan to hunt for goods, so the land market in Ring Road 4 is also becoming more exciting.
The fact that many investors are studying the Ring Road 4 land market is growing at the end of the year, along with new market fluctuations, has caused land prices to tend to increase.
Compared to half a year ago, the land area in Me Linh in some urban areas such as Ha Phong, Cienco 5... has increased from 45-55 million VND/m2 to 55-64 million VND/m2.
For Dan Phuong land, land on Tan Lap street, the price also increased from 48-55 million VND/m2 to 54-65 million VND/m2; land on Tan Hoi street in Dan Phuong, the asking price is at 55-66 million VND/m2, an increase of 2-5 million VND/m2 compared to 5 months ago.
During the same period, the land price in Ha Dong and Yen Nghia areas where Ring Road 4 passes through has increased from 58-64 million VND/m2 to 63-72 million VND/m2.
In the Bac Vong and Bac Phu areas of Soc Son land, where Ring Road 4 passes through, the selling price has increased from 11-17 million VND/m2 to 15-24 million VND/m2. The Thanh Oai land, near Ring Road 4, has also increased from an average of 55-60 million VND/m2 to 58-65 million VND/m2 compared to May 2024.
According to Mr. Tran Duc Vinh - a land broker in Ha Dong area (Hanoi), purchasing power is on the rise along with the cash flow into the market. It is expected that the increase in purchasing power and selling prices will continue until before Tet 2025. Ring Road 4 land will be a bustling market at the end of the year.
Mr. Vinh emphasized that after the completion of Ring Road 4, it will take time for economic development to go hand in hand with transport infrastructure. These two factors combined will promote sustainable growth of the real estate market. Therefore, investors need time to wait, it is not easy to surf for immediate profits.
Mr. Le Dinh Chung - General Director of SGO Home said that in fact, since the beginning of 2024, many investors have started the process of hunting for land in the suburbs of Hanoi, areas with strong infrastructure development and high urbanization rates.
However, according to Mr. Le Dinh Chung, investors still need to be cautious, avoid being caught up in infrastructure planning information, virtual land fever in the context of the real estate market still in the recovery stage. In some places, there is even a phenomenon of groundless land price increases.
