According to Lao Dong reporters in mid-March 2025, the land segment running along the Ring Road 4 project through districts such as Thanh Oai, Hoai Duc, Me Linh, Thuong Tin (Hanoi) has been continuously increasing in price recently.
Typically, in Nhi Khe commune, Ninh So (Thuong Tin district), land prices on major business roads are currently fluctuating from 90-95 million VND/m2, an increase of 20% compared to the beginning of 2024.
In Thanh Oai, some plots of land in Cao Mat village, also located along the auction planning area, with an area of 75-100m2, and a 5m frontage, were recently advertised for sale at an average price of 3-4.5 billion VND, equivalent to over 40 million VND/m2.
While previously, in early 2024, these plots of land were offered for VND2.5-3.5 billion, equivalent to over VND30 million/m2.
In Hoai Duc district (Hanoi), the price of houses and land in alleys in areas where Ring Road 4 passes through such as Duc Thuong, Duong Lieu, Tien Yen communes... has increased by 20-30% compared to the beginning of 2024, fluctuating around 80-110 million VND/m2.
Meanwhile, land prices on the road in the central area of Hoai Duc district have increased to 120-130 million VND/m2, an increase of about 20-25% compared to the beginning of 2024.
Mr. Nguyen Anh Tuan (45 years old, a long-time real estate investor in Duc Thuong commune, Hoai Duc district) said that in reality, although the price of land for sale has increased, the rate of people buying the land segment in Hoai Duc district is quite modest.
Mr. Tuan added that there have been many cases where people and investors have followed information on infrastructure planning and real estate projects to raise prices to make a profit. Creating local fevers, thereby opening up opportunities for faster outflows.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that the land market in the suburbs of Hanoi is only in the recovery phase, and actual transactions are less volatile.
In the coming time, when the real estate market recovers, combined with the positive effects of auctions, suburban land will have the opportunity to increase prices. However, unlike previous cycles, in this new cycle, there will no longer be a phenomenon of "virtual fever" of land or "bubble" of real estate.
Therefore, according to experts, before spending money, investors and buyers need to carefully research the history of prices, legality, and progress of the Ring Road 4 to avoid future risks.
Investors need to be cautious, avoid getting caught up in infrastructure planning information, virtual land fever in the context of the real estate market still in the recovery stage.
