According to Lao Dong reporters, many plots of land in suburban districts of Hanoi are showing signs of significant increases, with some places suddenly increasing in price by tens of millions of VND/m2 just a few months after the Ring Road 4 project was under construction.
Ring Road 4 (Hanoi) is 57km long, passing through the following districts: Ha Dong, Soc Son, Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, Thuong Tin. In addition to the gradually recovering real estate market, this is one of the factors that makes the land segment of interest.
Mr. Nguyen Van Hung (43 years old, living in Hoai Duc district) shared that recently, many investors have traveled to Song Phuong, Tien Yen, Duong Lieu communes... to buy land plots with prices ranging from 2-3 billion VND/plot.
"Many people like me are very surprised that some plots of land near the Ring Road 4 project have increased in price by 10-20 million VND/m2 within a few months. Even when these plots of land are sold, the price has been pushed up by 5-10 million VND/m2" - Mr. Hung said in surprise.
Also informing Lao Dong reporter, Mr. Nguyen Xuan Hoang (a long-time real estate broker in Hoai Duc district) said that many land plots in Song Phuong and Duc Thuong communes have increased in price by 5-10% compared to the beginning of 2024 when the real estate market recovered and the Ring Road 4 project was under construction.
A recent survey by Batdongsan.com.vn shows that the number of investors looking into the land segment near the Ring Road 4 project has increased by about 30% compared to previous quarters.
For example, in suburban districts of Hanoi where the Ring Road 4 project passes through such as Soc Son, Me Linh, Thanh Oai, Dan Phuong districts... depending on the area, the transaction volume also increased by 10-20% compared to the months of the third quarter of 2024.
Many real estate experts say that the implementation of the Ring Road 4 project (Hanoi) passing through many localities is increasing the "heat" of the land segment. This signal makes many investors with idle money interested, even rushing to buy land following the project.
However, analysts say that the implementation of transport infrastructure projects is a long-term process. Investors need to be cautious and avoid getting caught up in infrastructure planning information and virtual land fever while the real estate market is still recovering. In some places, there is even a phenomenon of unfounded land price increases.
Ms. Do Thu Hang - Senior Director of Consulting and Research Department of Savills Hanoi - commented that the infrastructure system and urban utilities are often one of the factors that can affect the value of real estate.
According to Ms. Hang, a transport infrastructure project is usually implemented over many years, in certain stages. Investors need to clearly understand the current planning status and completion progress of component projects to make appropriate decisions.
