Research by Lao Dong shows that recently, the market for subdivided land plots in the suburbs of Hanoi and neighboring provinces is showing a positive growth trend.
In particular, subdivided land in suburban areas such as Dong Anh district is receiving more attention as early as 2025, there is a clear increase in transaction demand, especially for small subdivided plots of land.
For example, many small plots of land in Dong Anh district, with common prices ranging from 1.5 to 2 billion VND/plot, are attracting attention and continuously increasing.
The subdivided plots of land with an area of about 50-70m2 in Vinh Ngoc commune (Dong Anh district), at the beginning of 2024, had an average selling price of about 35-45 million VND/m2, now it has increased to 50-60 million VND/m2.
In Uy No commune, plots of land with wide frontage and car-passable roads have also increased in price from 28-35 million VND/m2 to 40-55 million VND/m2. Plots of land in villages but with wide alleys in communes such as Tien Duong and Hai Boi are currently being offered for sale at 30-45 million VND/m2, an increase of about 20-30% compared to the same period last year.
Mr. Tran Hoang (a real estate broker in Hanoi) said that this price increase trend is thanks to large infrastructure projects such as the Ring Road 4 Project and the routes connecting the center of Hanoi with Noi Bai airport, along with improved traffic connections.
Besides, after a period of frozen market, cash flow from investors started to return to the segment of subdivided land plots thanks to the advantages of low capital, easy liquidity and potential price increase in areas with complete infrastructure.
Referring to this content, Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that land transactions in the suburbs have increased in recent months but have not been really exciting.
Notably, in the Northern region, land prices in some districts on the outskirts of Hanoi are showing signs of local fever, with transactions increasing and then going sideways. The market has seen more investors hunting for land. In addition, land auctions in some localities have also attracted much attention, affecting the real estate market.
