The land market continues to record a clear price increase trend in many suburban districts of Hanoi and neighboring provinces in the first half of 2025, especially the segment of subdivided land in rural areas.
In Dong Anh (Hanoi), the land price has increased sharply after a series of positive information about infrastructure and urban planning. The plots of land plots separate some areas, an area of 50-70m2 in Vinh Ngoc commune is now sold at the price of 70-80 million VND/m2, an increase of more than 20 million VND/m2 compared to the beginning of the previous year. And in Xuan Canh commune, land near the large roads, there are places that record the price of up to 120-140 million VND/m2, thanks to benefits from the planning of Ring Road 4.
In Soc Son, land prices in communes near Noi Bai airport and the town center also fluctuated strongly. Land in Phu Lo commune with an area of 60-80m2 currently ranges from 30-40 million VND/m2, an increase of about 30% over the same period in 2024. In particular, at land auction points, the winning price in some places is up to 120 million VND/m2 - a price that was once considered "unreasonable" in this area.
The price fever does not stop in Hanoi. In Bac Ninh, where there are many large industrial parks, land plots with an area of 70-100m2 near VSIP, Yen Phong, Que Vo are currently being traded at prices ranging from 2 - 3.5 billion VND/plot.
Ms. Hoang Thi Lan, a personal investor, said that she has just decided to buy an 80m2 plot of land for 2.2 billion VND near VSIP Industrial Park with the expectation of further price increases following the wave of labor shift and factory expansion in this area.
In Hung Yen, especially Van Giang and Yen My districts - areas bordering Hanoi - land price for subdivision currently fluctuates commonly from 35-60 million VND/m2. Many investors are expecting infrastructure development and traffic connectivity to the center of Hanoi. Meanwhile, in Thai Nguyen - which is benefiting from the Hanoi - Thai Nguyen industrial park and expressway projects - land prices in some central wards of Thai Nguyen city have reached 45-50 million VND/m2, an increase of about 15-20% compared to the beginning of the previous year.
Brokers said that the trend of increasing land prices for subdivided plots in recent times has been driven by the return of small-scale cash flow, demand for medium and long-term investment and the mentality of infrastructure being ahead of. With a moderate financial level, the type of land with a separate red book, a road reached by car and an area of less than 100m2 is being sought after by many investors.
However, besides the opportunity to increase prices, there are also many risks. Mr. Tran Quang Huy, a long-time broker in Dong Anh - warned: "The market is currently experiencing the phenomenon of prices being pushed up too quickly in some areas due to speculators gathering goods and creating waves. If investors do not carefully check the legality or buy in areas without clear infrastructure, the risk of burying capital is very high, especially when liquidity slows down".
In fact, many individual investors have had to withdraw deposits when seeing prices escalate abnormally but there are no clear signals about the actual implementation infrastructure. Although land is still an attractive investment channel thanks to simple legal procedures and the potential to keep prices, in the context of the market not really recovering sustainably, investors need to be alert and choose carefully to avoid buying at the peak price.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (VARS) recommended: "It is necessary to be especially cautious with areas where land prices have increased following the rumor wave, lacking transparency in planning progress and legality. To ensure safety, cash flow should be directed to areas with good infrastructure, clear planning and real residents" - Mr. Dinh recommended.
