The land market in the districts bordering Hanoi is recording a significant price increase in a short period of time. However, investors are still quite cautious, many people are temporarily stopping to observe because they are worried that prices have been pushed up too high, posing a potential risk of buying at the peak.
According to the survey, from the beginning of 2025 to now, land prices in some areas bordering Hanoi such as Van Giang, Yen My (Hung Yen), Tien Du, Tu Son (Bac Ninh), Binh Xuyen (Vinh Phuc) and Pho Yen (Thai Nguyen) have increased by an average of 15-25%, with some places increasing by over 30%.
In Van Giang district, land prices on main roads and roundabouts, where many restaurants, banks and hotels are concentrated, have increased from 55-60 million VND/m2 in 2020 to 125-150 million VND/m2 today. Many plots of land located deeper also recorded a significant increase, from about 28-35 million VND/m2 to 50-60 million VND/m2.
A similar situation was also recorded in Tan Hong ward (Tu Son city, Bac Ninh), where many small plots of land increased from about 2.1 billion VND to 2.5-2.6 billion VND after only a few months. In Tan Phu commune (Pho Yen, Thai Nguyen), where many investors flock to welcome the infrastructure connecting to Hanoi Ring Road 5, some land projects have increased by 20-30% compared to the beginning of the year.
Although prices have increased rapidly, the market is still not really vibrant, investor sentiment is still quite cautious. Ms. Tran Thu Huyen, a personal investor in Ha Dong, said that she has just withdrawn her deposit for a plot of land in Nghia Tru commune (Van Giang district, Hung Yen) even though the price has only increased slightly compared to the general level. I see prices in many areas increasing too quickly while I have not seen any new infrastructure progress. Brokers say there will be more upcoming exchanges, but I'm not sure, so I decided to stop to observe more. Now, if you come at the wrong time and buy at the top, it will be easy to get stuck, Ms. Huyen shared.
Sharing the same view, Mr. Le Van Dung, an investor monitoring the Tu Son area - also admitted that he is " lying still" despite seeing prices increase. "I bought land in this area in 2022, and it was very stressful and then it stagnated very quickly. This time the price has increased again, but I see that there are not really many buyers, most of them are still brokers and investors pushing them back, there are not many real transactions so I dare not take risks," Mr. Dung shared.
According to Mr. Nguyen Hoai Nam, a real estate broker in Bac Ninh, the market has recently welcomed a new wave of investment thanks to the expectation of the capital infrastructure, especially the ring and inter -provincial axes. However, Mr. Nam also said that the number of people asking is many but the number of successful transactions has not increased corresponding. "The price increases but the liquidity has not reflected the level of interest. Customers are very cautious now, they learn very carefully, afraid of the price pushed up due to speculation but not reflecting the real value," he said.
Assessing the typical border land market such as Hung Yen, Mr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (VARS) commented that Hung Yen is a young market with a large land fund, and prices still have much room for growth compared to the provinces bordering Hanoi. Except for some areas where big names have poured capital to invest, causing real estate prices to increase, the general level is still low, becoming an advantage and a lot of room for development.
However, the expert also recommends that investors need to be alert, not chase fevers or follow crowd psychology. Consciousness helps investors choose products that suit their financial capacity and choose products with guaranteed legal status, said Mr. Dinh.
