According to Lao Dong reporters, after Hanoi announced the new land price list, land prices in Dan Phuong district are recorded at a high level, in some places nearly reaching 100 million VND/m2.
According to the new land price list, land prices in Hanoi have increased sharply, from 190-270% compared to the previous period, equivalent to 2-6 times higher than the old land price list.
Particularly in Dan Phuong district, according to the new land price list, the highest land price is more than 46 million VND/m2, belonging to land in the area from the border of Hoai Duc district to the Tuong Dai intersection.
Following is the road from the Monument to the end of Phung town (old National Highway 32), with land price of more than 44 million VND/m2.
Data from the website Batdongsan.com.vn shows that the land prices in Dan Phuong district are quite high. In fact, many places have prices that are much different from the newly announced land price list.
For example, a residential land plot with an area of 70 square meters on Tay Son Street (Phung town) is being offered for sale at 5.7 billion VND, equivalent to 82 million VND/square meter.
The owner needs to sell a plot of land with an area of 63m2, 5m frontage, red book in the owner's name, located in Tan Lap commune (Dan Phuong district) for 5.6 billion VND, equivalent to 89 million VND/m2.
The 80 m2 plot of land located on N1 Street, Ha Mo Commune (Dan Phuong District) is being offered for sale at 7.2 billion VND, equivalent to 90 million VND/m2.
A 68.8 m2 plot of land located on a 6 m wide road in Thuong Mo commune (Dan Phuong district) is currently being offered for sale at 4.68 billion VND, equivalent to 68 million VND/m2...
Many real estate experts believe that the land segment has now escaped the bottom of price declines and is gradually becoming a popular investment channel again. However, investors are only looking for auctioned land, subdivided plots of land, in areas with completed infrastructure, and prices that are not too high.
Referring to this content, Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that land transactions in the suburbs have increased in recent months but have not been really exciting.
Notably, in the Northern region, land prices in some districts on the outskirts of Hanoi are showing signs of local fever, with transactions increasing and then going sideways. The market has seen more investors hunting for land. In addition, land auctions in some localities have also attracted much attention, affecting the real estate market.
According to experts, investors need to be alert, avoid following trends, and invest in crowd surfing to limit the risk of burying capital.
