The Hanoi People's Committee has just approved the route plan and location of urban railway line No. 5 (Van Cao - Ngoc Khanh - Lang - Hoa Lac section), scale 1/500, prepared by the Hanoi Institute of Construction Planning in 2025 and has been appraised by the Department of Planning and Architecture.
The main line of urban railway No. 5 starts at the Van Cao - Hoang Hoa Tham intersection and ends at Thach Binh station (Hoa Lac), with a total length of about 39.6km. The entire line consists of 20 stations, including 6 underground stations, 3 elevated stations, and 11 ground stations. The stations are mainly arranged along Thang Long Avenue and Hoa Lac - Hoa Binh Expressway. In particular, many stations will have direct connections to other urban railway lines such as lines 2, 3, 4, 6, 7, 8 and Monorail M2, creating a seamless transport network.
This information has affected the Hoa Lac land market. A survey by Batdongsan.com.vn shows that land prices in this area tend to increase compared to half a year ago. In the old Tien Xuan commune (now Yen Xuan commune), the frontage land increased from 30-32 million VND/m2 to 33-35 million VND/m2.
Commercial road land in the old Tan Xa commune (now Ha Bang commune) increased from 37-40 million VND/m2 to 39-42 million VND/m2. Land in the village increased from 25-27 million VND/m2 to 26-28 million VND/m2. Land in Binh Yen commune also increased from 22-24 million VND/m2 to 24-27 million VND/m2. In the old Thach Hoa commune (now Hoa Lac commune), land for the double road location increased from 38-40 million VND/m2 to 40-43 million VND/m2.
In Quoc Oai district, land prices also increased according to infrastructure information. In Hoa Thach commune, cars can enter, increasing by 25-27 million VND/m2, 1-2 million VND/m2 higher than before. Land on Provincial Road 412B in the old Dong Yen Commune (now Phu Cat Commune) increased from 40-44 million VND/m2 to 42-46 million VND/m2. Land in the village increased from 11-13 million VND/m2 to 13-15 million VND/m2. In Phu Man (now Phu Cat commune), land prices also increased by 1-3 million VND/m2 compared to 6 months ago.
In Son Tay, land for large road expansion is 18m wide, near the planning of Metro 05 station, increasing from 30-31 million VND/m2 to 33-35 million VND/m2. Land in Co Dong commune, the location of major roads avoided by cars, increased from 29-32 million VND/m2 to 32-35 million VND/m2. Land in the village also recorded an increase of 2-3 million VND/m2, although it was not convenient for business.
Receiving positive information from the urban railway line No. 5 and land prices recorded growth in selling prices, but according to local brokers, transactions on the market were slow, not creating a fever. Although it did not create a fever, the transaction volume in the past month has increased by about 20-30% compared to previous months, despite the January monopoly.
According to Mr. Tran Xuan Manh - a real estate broker in Hanoi, the land market has recently recorded excitement not only in Hoa Lac but also in Dong Anh and Dan Phuong thanks to a series of positive signals about infrastructure.
However, the outstanding advantage of Dong Anh and Dan Phuong land is the appearance of many large-scale projects, while Hoa Lac does not have this factor. Therefore, investors' cash flow is focusing more on the above two areas, so Hoa Lac, despite receiving positive information, still has slow transactions and prices.
Mr. Pham Duc Toan - General Director of EZ Vietnam Real Estate Investment and Development Joint Stock Company - recommended that investors need to pay special attention to liquidity when deciding to buy land. In case of buying plots of land in suburban areas without infrastructure or unclear legal status, the transfer possibility will be very difficult.
Therefore, when investing, people should choose areas with reputable investors and adequate infrastructure to ensure safe capital flows and increase long-term profitability.
