Investigation by Lao Dong reporters shows that many plots of land in Me Linh district are showing signs of significant increase, in some places they have suddenly increased by 10-20 million VND/m2 after only a few months when the Ring Road 4 project was under construction.
Mr. Nguyen Van Minh (41 years old, living in Me Linh district) said that recently, many investors have traveled to Thanh Lam, Tam Dong, Kim Hoa communes... to buy land plots near the Ring Road 4 Project with a selling price of less than 2 billion VND/plot.
"Many plots of land near the Ring Road 4 project here have increased in price by 10-20 million VND/m2 within a few months. Even when these plots are resold, the price has been pushed up by 5-10 million VND/m2" - Mr. Minh said.
Similarly, Mr. Nguyen Xuan Hoang (a long-time real estate broker in Me Linh) said that many plots of land in Me Linh district, located near the Ring Road 4 Project under construction, are of interest to many investors.
Although the selling price has been pushed up, according to Mr. Hoang, the rate of successful transactions and sales is still low as investors are still in a state of market exploration in early 2025.
A recent survey by Batdongsan.com.vn shows that since September 2024, the land market along Ring Road 4 (Hanoi) has begun to become active again. One of the reasons why the market in this area is more active is because the laws related to real estate have officially come into effect.
According to data from this website, the number of investors interested in land along Ring Road 4 increased by about 30% compared to previous quarters, and the number of transactions also increased by 10-20%. Prices in areas such as Soc Son, Me Linh, Thanh Oai, and Dan Phuong increased by 10-15% depending on location...
Many real estate experts say that the implementation of the Ring Road 4 project (Hanoi) passing through many localities is increasing the "heat" of the land segment.
However, real estate experts note that the implementation of transport infrastructure projects is a long-term process. Investors need to be cautious and avoid getting caught up in infrastructure planning information and virtual land fever while the real estate market is still in the recovery phase.
Ms. Do Thu Hang - Senior Director of Consulting and Research Department of Savills Hanoi - commented that the infrastructure system and urban utilities are often one of the factors that can affect the value of real estate.
According to Ms. Hang, a transport infrastructure project is usually implemented over many years, in certain stages. Investors need to clearly understand the current planning status and completion progress of component projects to make appropriate decisions.
