According to Lao Dong reporter's research, the suburban land segment of Hanoi with an asking price of less than 50 million VND/m2 is being sought after by many investors, completely different from plots of land with a high value of over 100 million VND/m2 with few buyers.
Mr. Trinh Van Long (42 years old, owner of a plot of land near Hoa Lac High-Tech Park, Thach That district) said that he is selling a plot of land of 66m2, with a separate red book, and a car-to- car road to the place for 3 billion VND, equivalent to 45 million VND/m2.
According to Mr. Long, the land plot is about 5km from Hanoi National University, with quite good infrastructure. Although it has just been advertised for sale, this land has been asked to be bought by a few people and has been deposited in advance.
Similarly, Ms. Nguyen Thi Loan (68 years old, living in An Khanh commune, Hoai Duc district) informed that recently, the land segment and service land here have received much attention from investors.
However, according to Ms. Loan, due to the high selling price, an average of about 100-150 million VND/m2, the number of successful transactions is very low, many landowners also admit that they are stuck and have not found a buyer.
Mr. Tran Hoang (a real estate broker in Hanoi) said that investors should avoid buying land following trends. The land market in the suburbs of Hanoi in the current context is showing the contrast between escalating selling prices but liquidity is still small.
Mr. Hoang analyzed that many customers buying land in the suburbs of Hanoi at this time are mostly people with idle cash flow, intending to move their place of residence, do business, and invest in land for the long term following the wave of planning and infrastructure.
Ms. Pham Mien - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation - said that in the secondary market, transactions and prices of low-rise products and land have also recorded a sharp increase.
Especially in the suburban areas of Hanoi, thanks to the benefits of a series of newly implemented projects with high selling prices. Even many villas and townhouses that have been abandoned for many years are being advertised for sale at prices increasing by 30%, even double compared to 2023.
However, in reality, according to experts, the transaction volume and transaction price are only recorded to increase in plots of land with reasonable investment value, usually below VND2 billion/plot, with legal guarantees in areas with infrastructure under implementation or in low-rise products in large urban projects around the area that have been invested in infrastructure, with full utility services.
Many real estate experts believe that information about the merger of provinces and cities, congs with the announcement of new land price lists by many localities, many times higher than the current price list and the fomo mentality (fear of missing opportunities) of real estate investors causing land to fluctuate.
