The real estate market is witnessing the return of attraction to the land segment. In particular, the suburbs of Hanoi and some border areas have become hot spots. In Hung Yen, many districts bordering Hanoi such as Van Giang, Yen My, Khoai Chau are becoming the focus with a strong increase in interest, pushing up selling prices.
According to the survey, in Van Giang district, land prices on main roads and roundabout areas - where many restaurants, banks, and hotels are concentrated - have increased from 55-60 million VND/m2 in 2020 to 125-150 million VND/m2 today. Many plots of land located deeper also recorded a significant increase, from about 28-35 million VND/m2 to 50-60 million VND/m2.
Similarly, in Hoai Duc (Hanoi), land prices in many areas currently fluctuate from 40-60 million VND/m2, some locations near large urban areas such as Vinhomes Smart City, An Khanh - An Thuong have exceeded 70 million VND/m2. In Chuong My, the price has also increased significantly, commonly around 25-45 million VND/m2, a sharp increase compared to the level a few years ago. In some areas near the center of Chuc Son town, National Highway 6, land prices are showing a rapid increase due to the sharp increase in transaction volume.
Ms. Nguyen Thi Thu, an investor in Ha Dong district (Hanoi) said that since the end of last year, she has spent a lot of time looking for land in the Chuong My area.
"Compared to Hoai Duc or Gia Lam, Chuong My land prices are still lower, but are increasing steadily. I have just bought a plot of land near the center of Chuc Son for about 32 million VND/m2, expecting a good profit when the demand for real estate and investment in this area increases," said Ms. Thu.
The continuous price increase in these areas is making suburban and border areas a priority choice for investors. Many investors in Hanoi, Bac Ninh, Bac Giang are moving their capital here with the expectation of a higher profit margin.
Mr. Nguyen Van Hung, an investor in Long Bien district (Hanoi), said: "Previously, I mainly invested in land in Bac Giang and Bac Ninh. But recently, when land prices in those areas have increased, I have begun to shift my search to other markets, which can give me a better profit margin. Hung Yen has recently received quite attention. Van Giang and Yen My areas have softer land prices, only about 60-70% of the land prices of some suburban districts of Hanoi, while the infrastructure is developing strongly, making it very convenient to move".
Mr. Hung also shared that since the beginning of the year, he has decided to buy two plots of land in Yen My at a price of about 35 million VND/m2.
Assessing the Hung Yen land market, Mr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (VARS) commented that Hung Yen is a young market with a large land fund, and prices still have much room for growth compared to the provinces bordering Hanoi. Except for some areas where big names have poured capital to invest, causing real estate prices to increase, the general level is still low, becoming an advantage and a lot of room for development.
However, the expert also recommends that investors need to be alert and avoid the mentality of following the crowd. "When land auctions with high prices continuously appear, investors need to keep a cold head, stay alert, do not chase fevers, follow the crowd psychology. alertness helps investors choose products that suit their financial capacity and choose products with guaranteed legal status, said Mr. Dinh.
