Land prices increase
In the latest market report of Batdongsan.com.vn, Hung Yen is in the top of the regions with the most searches. The fact that many large-scale projects have hit the market has created a premise for the rebound of Hung Yen land. This is a segment with a strong price increase rate in Hung Yen in recent times.
A survey by Batdongsan.com.vn recorded a remarkable increase in land prices in Hung Yen over the past 5 years. Van Giang is home to many large-scale projects and is also home to the most expensive land price in Hung Yen, higher than the land price in the city. For example, plots of land in the Van Giang roundabout area, often used for restaurant, hotel, bank business... in 2020, the price ranged from 55 - 60 million VND/m2, but up to now, the price has increased to 125 - 150 million VND/m2.
In the same area and time limit but in less beautiful locations, the plots of land with frontage on the main road can be traded in Van Giang town, the selling price increased from 28 - 35 million VND/m2 to 50 - 60 million VND/m2. Also in Van Giang district, land in Phung Cong, Xuan Cao and Jiuzhaigou - areas near the Ecopark project, the price also increased from 25-30 million VND/m2 to 40-55 million VND/m2.
Service land in these areas has also doubled in price compared to 4 years ago, the current price ranges from 80 - 120 million VND/m2. Some locations are less beautiful, with prices ranging from 38 - 52 million VND/m2.
Not only Van Giang land but also Hung Yen city land has established a new price level. For example, business land on Luong Dinh Cua, Ta Quang Buu, Ton That Tung streets in An Tao ward (Hung Yen city) has increased from 18 - 25 million VND/m2 to 30 - 35 million VND/m2. Land plots with similar characteristics on An Vu, Nguyen Bieu, Nguyen Van Linh streets (Hien Nam ward) increased in price from 17-25 million VND/m2 to 26-32 million VND/m2.
Land on Huynh Thuc Khang Street (Lam Son Ward) price increased from 20 - 22 million VND/m2 to 30 - 32 million VND/m2. Land in Van Tue area also increased from 40 - 43 million VND/m2 to 50 - 56 million VND/m2. In the same area, but in the same location, the land also increased from 34 - 35 million VND/m2 to 43 - 47 million VND/m2.
Hung Yen land attracts investors
Ms. Nguyen Thi Mai, Van Giang land broker, shared that since Tet, every weekend she has taken 3 to 4 customers to see the land. The success rate of transactions increased by 20% compared to the end of last year.
Although the market is bustling, investors need to be very careful when putting money, avoiding investing in the crowd. The principle is that investors must choose land with legal documents and clear planning, the price level must be consistent with the market price level.
Ms. Mai commented that to find a price suitable for the market, investors need to carefully survey the area, compare it with the surrounding area, and make comparisons in correlation with the economy and infrastructure to determine whether the price is commensurate with the product or not to invest.
Speaking with Lao Dong, Mr. Le Dinh Chung - Member of the VARS Market Research Working Group, General Director of SGO Homes commented that Hung Yen is oriented to become the province with the largest industrial park land fund in the country, creating favorable conditions for economic and real estate development.
At the same time, this province is also located on key traffic routes, with a continuous infrastructure system that is strongly invested in, helping to conveniently connect with Hanoi and other key areas. In particular, the Hung Yen market has only received attention since mid-2024, so there is still much room for growth in the future.
