According to a report by Property Guru Vietnam, in the first months of 2025, the selling price of land in the suburbs of Hanoi has increased by 30-80% depending on the area.
For example, land prices in Thach That district, Tien Xuan commune road section, have increased from 27-30 million VND/m2 to 29-32 million VND/m2; Binh Yen commune increased from 20-22 million VND/m2 to 22-24 million VND/m2; Thach Hoa commune double road location increased from 35-36 million VND/m2 to 38-40 million VND/m2.
Similarly, in Quoc Oai district, land in Phu Man commune increased slightly from 12-13 million VND/m2 to 13-14 million VND/m2; Phu Cat land increased from 10-13 million VND/m2 to 11.5-14 million VND/m2; Hoa Thach land in areas with high-rise roads increased from 21-23 million VND/m2 to 23-25 million VND/m2.
Or in Son Tay town, Dong Trang street land at the location of a large road widened to 18m, near the planning of Metro 05 station, the price increased from 29-30 million VND/m2 to 30-31 million VND/m2. Locations in the village, not convenient for business, also increased in price from 12-14 million VND/m2 to 15-18 million VND/m2.
Mr. Nguyen Van Duc (46 years old, a long-time land investor in Hanoi) said that land prices on the outskirts of Hanoi have been continuously pushed up in recent times, some places have increased in price by tens of millions of VND/m2 in just a few months.
According to Mr. Duc, there is a trend of many people wanting to leave the cramped inner city to go to the suburbs to find a more spacious and airy living space. Ecological urban areas and suburban residential areas are growing in large numbers, causing demand for land to increase.
Similarly, buying a 100m2 plot of land in Hoa Lac at the end of 2023 at a price of 2.8 billion VND, equivalent to about 33 million VND/m2, Mr. Nguyen Van Kien (36 years old, living in Thach Hoa commune, Thach That) said that at the time of buying the land, he expected that when investing in surfing, he would earn a profit within 1-1,5 years, but so far the plot of land has not found buyers even though the segment tends to increase prices.
Mr. Nguyen Quoc Anh - Deputy General Director of Property Guru Vietnam - commented that the interest in land has even shown signs of stagnation or decreasing slightly. This reflects that the number of transactions is not much compared to last year.
The reason why few people are interested in suburban subdivided land is because land prices in the suburbs of Hanoi have increased continuously in recent years, causing many investors and buyers to wait and observe.
In addition, after information about the plan to merge some provinces, investors tend to look for opportunities in provincial areas instead of focusing on land near the capital as before.
The Vietnam Association of Realtors (Vars) analyzed that there are many reasons why the land market is "hot" again. Vars warned that, in addition to real demand, the market is showing signs of being affected by speculative groups taking advantage of crowd psychology, spreading price inflation rumors, creating a local land fever.
Vars recommends that investors need to be especially cautious with areas where prices increase following the "rumor wave", not knowing the planning progress or legal reality is not transparent.
Cash flow should only be directed to areas with complete connectivity infrastructure, clear planning, real population and good exploitation and use capability to ensure liquidity and long-term value.
