Recently, the land market in some provinces and cities has witnessed remarkable fluctuations, with a sharp increase in selling prices and investors' interest in suburban areas of Hanoi. The heat of the market has spread to neighboring provinces such as Bac Ninh, Bac Giang, Ha Nam, Hung Yen, Vinh Phuc, Hoa Binh... thanks to convenient infrastructure connections and the presence of many large metropolitan projects.
The "taste" and strategy of land investors have also changed significantly, shifting from chasing short-term waves to seeking sustainable value.
According to some land investors, investment safety is the top priority. Investors will look for clean plots of land with clear legal status, in strategic locations, with good infrastructure connections, near major traffic routes or areas near industrial centers, large metropolitan areas... with long-term development potential.
With this trend, many investors are looking for neighboring provinces of Hanoi. Land prices in these provinces also continue to record remarkable fluctuations. According to a survey, the common price of land plots in many areas in the center of Bac Ninh currently ranges from 25-145 million VND/m2. In particular, in Tu Son town, the average land price is about 80 million VND/m2, and in Tien Du district, the average is about 35 million VND/m2.
In Ha Nam, the attraction of this market comes from infrastructure and urban planning. Ha Nam is receiving strong investment capital thanks to transportation, urban and large urban area projects. In the city area, the price of land on large roads can reach up to 100 million VND/m2, while land in alleys of about 3-4m in the inner city area fluctuates around 30-40 million VND/m2.
In Bac Giang, land prices also fluctuate depending on the area. Some areas of Bac Giang city range from 23-40 million VND/m2, while Viet Yen district has an average price of about 27 million VND/m2.
Regarding the land situation in recent times, experts assess that land is showing signs of recovery and growth. Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that land with prices under 2 billion VND/lot in some northern provinces has increased in price by 5-10%. Land transactions in the suburbs in recent months have begun to heat up but have not been really exciting. In particular, in some suburban areas of Hanoi, there are signs of local "fever", prices have increased by 10-20% compared to the beginning of the year.
Forecasting the market trend in the coming time, Mr. Le Dinh Chung - a member of the Market Working Group of the Vietnam Real Estate Brokers Association - said that it is not until the second quarter of 2025 that the land market can witness more even development in many places. However, investing in land at the present time requires a medium-term vision, with a capital recovery period of at least 1 to 3 years, instead of expecting a quick "surf".
