According to the investigation of Lao Dong Newspaper reporters, the land segment in communes of Dong Anh district such as Hai Boi, Vinh Ngoc, Co Loa... has recently been advertised by owners at prices exceeding 100 million VND/m2.
Recent statistics from the Batdongsan.com.vn website also show that the suburban land market is growing impressively. Compared to the first quarter of 2023, land prices in the third quarter of 2024 in Dong Anh district increased from 41 million VND/m2 to 63 million VND/m2 (up 53%), land prices in Hoai Duc district increased on average from 55 million VND/m2 to 100 million VND/m2 (up 81%), and land prices in Thanh Oai district from 21 million VND/m2 to 40 million VND/m2 (up 90%).
Having lived in Dong Anh district for many years, Mr. Le Van Tho (45 years old, Vinh Ngoc commune) said that in early 2024, land here cost about 80-100 million VND/m2. However, up to now, many plots of land located on the main road have "jumped" in price to more than 100 million VND/m2, there are beautiful plots of land near projects, infrastructure planning, the price is even higher.
"Recently, the land segment in Dong Anh district has continuously increased due to the influence of project planning information and completed traffic infrastructure. Although I have lived here for many years, I am still very surprised that many plots of land in the communes are increasing every month, with owners selling them for over 100 million VND/m2" - Mr. Tho said.
Even according to many people living in Dong Anh district, in recent months, many investors have traveled here to buy land plots to wait for the next price increase to make a profit, following the planning wave.
Many real estate experts say that in areas with planning information and infrastructure investment and projects underway such as Dong Anh and Hoai Duc districts (Hanoi), real estate segments will receive attention, especially the land segment.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that recently, there have been more investors "hunting for land" in suburban areas of big cities, localities with strong infrastructure development, and places with high urbanization rates.
Real estate experts recommend that during this period, many customers participating in the market should not have a speculative mentality but should invest with a long-term vision. In addition, they should not use financial leverage and avoid investing according to the crowd effect.
Before deciding to pay to buy land, investors should evaluate their needs, choose a product that truly suits their financial capacity, and focus on added value instead of price increase rate.
Investors need to consider and avoid the risk of burying capital when using financial leverage because infrastructure projects and plans in the suburbs of Hanoi are often easily suspended and slow to progress.
