Mr. Nguyen Van Minh - an individual investor in Hanoi - shared his decision to buy a plot of land in Hien Ninh commune, Soc Son district (Hanoi) in 2023. The plot of land has an area of 120m2, and he bought it for 10 million VND/m2, with a total value of 1.2 billion VND.
Mr. Minh said: "I chose this area because the price is still low, it is near Highway 3, convenient to connect to the center of Hanoi. Moreover, this area is densely populated, the demand for buying land to build houses is quite high". At the end of 2024, that piece of land was resold by him for 15 million VND/m2, the total value was 1.8 billion VND, bringing in a profit of 600 million VND after only 2 years.
Similarly, Ms. Thu Ha - an experienced land investor - has had success from her investment strategy in the Hoa Binh area.
At the end of 2023, she bought two plots of land in Trung Minh Commune, Hoa Binh City, each plot has an area of 150m2, with a total area of 300m2. With a price of 6 million VND/m2, the total value of the two plots of land is 1.8 billion VND. Although not expecting too much, Ms. Ha still decided to keep the land because she believed that this area has development potential thanks to its proximity to the routes connecting Hanoi with the Northwest region and the emergence of many resort projects.
After only one year, at the end of 2024, when someone asked to buy it back at 11 million VND/m2, she realized this was the right time to close the deal. The total value was 3.3 billion VND, bringing in a profit of 1.5 billion VND.
"The profit nearly doubled within a year. For an investor with small capital like me, this is a very significant profit" - Ms. Ha shared.
According to real estate experts, choosing rural areas for investment is an attractive trend for small investors. Compared to suburban areas such as Dong Anh, Hoai Duc or Gia Lam, where land prices have reached 50-120 million VND/m2, even up to 150-200 million VND/m2 in many areas, land prices in areas such as Soc Son, Chuong My, or some neighboring provinces range from 7-15 million VND/m2.
Mr. Hoang Van Tung - a real estate broker - commented that by investing in rural land at low prices, investors can minimize risks and at the same time have the opportunity to benefit from steady price increases, especially in areas with low prices and much room for development. The advantage of this segment lies not only in the low price but also in the current convenient transportation network. However, Mr. Tung also emphasized that the convenience of each area depends on the specific location and current infrastructure status.
According to Mr. Tung, another factor that makes rural land attractive to investors is the high real demand from local people, creating a relatively stable consumer market. "This segment is especially suitable for small-capital investors, because it does not require large costs and does not require waiting too long for synchronous infrastructure development like in new urban areas," he added.
However, Mr. Tung also warned that not all rural areas and low-priced land are suitable for investment. Investors need to be cautious, only choosing areas with clear legal status, existing population and close to main traffic routes to ensure liquidity. He noted: "Areas that are too remote or far from traffic routes may have very cheap prices, but have poor liquidity and limited potential for price increases."
Commenting on the current real estate market, Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - said that land plots priced under 2 billion VND/plot in some northern provinces have increased sharply in price. In particular, in some areas on the outskirts of Hanoi, there are signs of local "fever", with prices increasing by an average of 10-20% compared to early 2024.
