Recently, the land market has recorded many positive changes, especially in the suburban areas of Hanoi and neighboring provinces, where the heat has increased significantly.
In particular, land plots divided into plots in the suburbs of Hanoi and the northern provinces are receiving more attention as we enter early 2025. Many areas such as Dong Anh, Soc Son, Bac Ninh, Hung Yen or Thai Nguyen continuously record an increase in transaction demand, especially for small plots of land with separate red books.
According to the survey, the price of subdivided land in these areas currently fluctuates from 1.5-3 billion VND/plot, depending on location and area, an increase of about 10-20% compared to early 2024. In particular, the prices in the areas on the outskirts of Hanoi are higher.
For example, in Dong Anh district, plots of land with an area of about 50-70m2 in Vinh Ngoc commune, 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 particular, land near major roads or near Nhat Tan bridge is also being sold for 65-75 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.
In Soc Son district, land plots divided into plots in areas near the town center or near Noi Bai airport also recorded significant price increases. Land in Phu Lo commune, with an area of about 60-80m2, has increased in price from 15-18 million VND/m2 in early 2024 to 20-30 million VND/m2. Land for business, on a large road in Mai Dinh commune, has also increased in price from 20-25 million VND/m2 to 30-35 million VND/m2.
Brokers explained that this upward price trend is due to major infrastructure projects such as the Ring Road 4 project and the routes connecting the center of Hanoi with Noi Bai airport, along with improved intra-district traffic connections. In addition, after a period of market stagnation, cash flow from investors has begun to return to this segment thanks to the advantages of low capital, easy liquidity and potential price increases in areas with complete infrastructure.
Mr. Nguyen Minh Tuan - an investor in Dong Anh (Hanoi) - said that the end of the year is the right time to buy land.
"This is a safe investment channel when the value is not too large and the profitability is good, especially in areas with strong infrastructure development" - Mr. Tuan shared.
Similarly, Ms. Hoang Thi Lan, an investor in Bac Ninh, has just closed a 80m2 plot of land for 2.2 billion VND near the VSIP industrial park. She believes that with the speed of infrastructure and economic development in this area, this is an investment that promises to be profitable in the future.
However, great opportunities always come with risks. Mr. Tran Quang Huy, an experienced real estate broker, commented: "The market for subdivided land has a lot of potential, but many buyers are rushing into areas with prices that are too high following the crowd mentality, and many even ignore legal factors. Many cases of buying planned land or land that does not meet the conditions for construction, leading to long-term capital burying."
In fact, in some areas, land prices have been pushed up too high by speculators, which is especially dangerous for inexperienced investors, because when the market cools down, they may get stuck, unable to sell or keep.
