Mong Cai is one of the border real estate areas with strong price growth. Accordingly, Mong Cai is also a place where many real estate projects have been and are in the process of being implemented, so the "drowning" of the market is always maintained with the presence of a large number of real estate brokers.
A survey by Batdongsan.com.vn shows that for the Mong Cai land segment, prices are still continuing to increase with the general price level ranging from 25 - 40 million VND/m2.
Of which, land in central locations of Mong Cai has a price range of 80 - 120 million VND/m2. Land in Hai Hoa has increased from 33 - 40 million VND/m2 in early 2024, currently the asking price on the market ranges from 40 - 48 million VND/m2.
In the same time period, land prices in Ka Long ward also increased from 27 - 32 million VND/m2 to 31 - 35 million VND/m2. In the same time period, land in Bac Son also increased in price from 25 - 27 million VND/m2 to 28 - 30 million VND/m2. Land prices in Binh Ngoc increased from 14 - 18 million VND/m2 to 17 - 20 million VND/m2.
Mr. Nguyen Van Tuong - a land broker here - said that the Mong Cai market has grown more positively since the Lunar New Year compared to before Tet with stronger transaction volume. Although not a hot spot in the market, the current increase and trading are attracting investors with medium-range potential, determining long-term investment.
With the characteristics of the border economy, Mong Cai real estate will have a good long-term bounce. In particular, with the strong development of e-commerce, many investors are buying land here for the purpose of building business premises for lease or building and leasing warehouses.
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.
