Market data for the first quarter of 2025 from Batdongsan.com.vn shows that the level of interest in Bac Ninh land increased sharply in the last quarter. Accordingly, the level of interest in this segment in March 2025 increased by 66% compared to February 2025. Compared to the first quarter of 2023, land prices in Bac Ninh in the first quarter of 2025 have increased by an average of 46%.
The survey of Batdongsan.com.vn recorded strong fluctuations in land prices in Bac Ninh in recent times. For land in Tu Son city and commercial land in Huong Mac, the price has increased from 60 - 65 million VND/m2 at the end of 2023 to 73 - 80 million VND/m2 at present.
For the same period, land in Phu Khe was once offered for sale at 30 - 34 million VND/m2, but now the selling price is 47 - 55 million VND/m2. Tu Son land near the roundabout 295, the asking price also increased from 70 - 80 million VND/m2 to 82 - 90 million VND/m2. Commercial land in Tan Hong increased by about 25%, from 34 - 37 million VND/m2 to 42 - 47 million VND/m2.
Yen Phong land also witnessed a strong increase in selling prices, depending on the area and location, the increase also reached an average of 10 - 20% over the same period last year. Land prices located in village streets, near industrial parks are commonly fluctuating from 25 - 30 million VND/m2, the increase is 15%. The business front segment alone recorded a stronger increase. Accordingly, the price of frontage land for business in Ap Don increased from 30 - 35 million VND/m2 to 37 - 42 million VND/m2.
In Yen Trung, the road frontage is 54m, the price has increased by about 20%, from 45 - 50 million VND/m2 to 55 - 65 million VND/m2. Village land near Samsung Industrial Park is being offered for sale from 29 - 32 million VND/m2 to 34 - 36 million VND/m2.
In Tien Du, land in Duong Huc area (Dai Dong) has also increased from 25 - 33 million VND/m2 to 30 - 38 million VND/m2. Land on Road 1A (Lim Town), price increased from 64 - 67 million VND/m2 to 76 - 84 million VND/m2.
Mr. Tran Minh Quan, a real estate broker operating in Bac Ninh, commented that in 2025, the local land supply will be significantly improved thanks to land use rights auctions promoted by the provincial government. Many areas such as Khac Niem, Van Duong, Nam Son and Khuc Xuyen are in the process of preparing to auction, expanding opportunities for investors and contributing to increasing the diversity of the market.
However, Mr. Quan noted that not all land plots are suitable for investment. Factors such as legality, infrastructure planning and development potential need to be carefully assessed before spending money.
Talking to Lao Dong, Mr. Le Dinh Chung - Member of the VARS Market Research Working Group, General Director of SGO Homes - said that the real estate market in the Northern provinces is showing clear signs of recovery in 2025.
Mr. Chung said that this is the right time for investors to pay attention to localities with strong infrastructure development strategies such as Bac Ninh, Hung Yen, Bac Giang and Quang Ninh. These areas are being invested in transportation synchronously, creating momentum for the real estate market in the medium and long term.
However, he also recommended that investors should choose areas with a stable development foundation, especially satellite markets with good planning and developed industry. Instead of following a short-term trend, buyers should have a long-term vision, because for land, the capital recovery period usually lasts from 1 to 3 years.
