According to Lao Dong reporters' investigation, recently, many plots of land along the Ring Road 4 Project passing through Thuong Tin, Me Linh, and Hoai Duc districts (Hanoi) have been continuously being offered for sale at increased prices by their owners.
For example, in Nhi Khe and Ninh So communes (Thuong Tin district), currently, land prices on major business roads are fluctuating from 90-95 million VND/m2, an increase of 20% compared to early 2024.
In Hoai Duc district (Hanoi), the price of land and houses 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 early 2024, to 50-60 million VND/m2.
Land prices located on the street front in the central area of Hoai Duc district have now increased to 100-130 million VND/m2, an increase of about 20-25% compared to early 2024.
In Me Linh district (Hanoi), areas such as Dai Thinh, Thanh Lam, Kim Hoa communes... where the Ring Road 4 Project runs through, land prices on major roads range from 40-55 million VND/m2, currently up about 20% compared to early 2024.
Notably, land in car-accessible alleys in Me Linh district is currently priced at 22-25 million VND/m2.
Talking to Lao Dong reporter, Mr. Tran Hoang (a long-time real estate broker in Hanoi) said that many plots of land along Ring Road 4 are showing signs of significant increase, some places have suddenly increased in price by tens of millions of VND/m2 after only a few months when the Ring Road 4 project was under construction.
According to Mr. Tran Hoang, in addition to the gradual recovery of the real estate market, the implementation of the Ring Road 4 Project is one of the factors that has attracted attention to the land segment here.
Referring to this content, Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - said that recently, land prices along the Ring Road 4 Project (Hanoi) have continuously increased.
Experts believe that in the long term, when Ring Road 4 is completed, prices will likely continue to rise. However, the implementation of this route is long-term, and it is not possible to make a profit immediately upon purchase. Investors need to be alert and determine that this is a long-term investment.
According to Mr. Diep, although the land is located along Ring Road 4, not all areas will increase in price, but it also depends on the economic development speed and infrastructure of the locality.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (Vars) - commented that newly built and expanded transport infrastructure can bring great value to the neighboring real estate market. Accordingly, many speculative groups also take advantage of planning and project implementation information to push up selling prices.
However, the implementation of these transport infrastructure projects must be long-term, and land prices in areas along Ring Road 4 have previously increased to very high levels many times.
Therefore, before spending money, investors and buyers need to carefully research the price history, legality, and progress of the implementation of Ring Road 4 to avoid future risks.
