The land market in many areas on the outskirts of Hanoi and neighboring provinces is witnessing a strong wave of price increases. This trend became more evident in the first months of 2025, when the demand for land increased significantly, leading to escalating prices in many hot spots.
According to the survey, land prices in districts such as Dong Anh, Hoai Duc and Thanh Oai all recorded an increase of 20-30%, even many places increased by 50% compared to the same period last year. Dong Anh area recorded an average price of 60-90 million VND/m2, even some beautiful lots near major roads reached 120 million VND/m2, some areas exceeded 150 million VND/m2.
Me Linh land prices have also increased significantly, many locations previously only fluctuated from 20-30 million VND/m2, now approaching 40-50 million VND/m2. Hoai Duc, especially around the access routes to large urban areas in some areas such as An Khanh, Kim Chung, Song Phuong, Van Canh, is being popularly traded at 70-110 million VND/m2, about 50% higher than the same period last year. Thanh Oai and Chuong My, which have the advantage of large and low-cost land funds, also increased by an average of 30-40%, to 25-40 million VND/m2.
The trend of increasing land prices has spread to neighboring provinces of Hanoi, land prices have recorded a significant increase. Bac Ninh, especially Tu Son and Que Vo, have an average price of 40-75 million VND/m2, an increase of about 35% compared to the beginning of 2024. Hung Yen, with the strong development of industrial parks, also witnessed a significant price increase in Van Giang and My Hao, with an increase of 25-50%. Even in some areas bordering Hanoi such as Yen My or Khoai Chau, land prices have increased by 20-30% in less than a year.
Mr. Nguyen Minh Hoang (37 years old, a personal investor in Nam Tu Liem, Hanoi) shared that he bought a plot of land with an area of 68m2 in Dan Phuong district in early 2024 for 4.5 billion VND. After more than a year, the value of this plot of land has increased by about 20%, but he still decided to keep it until the next price increase.
"The market is showing many positive signs, especially when cash flow begins to return to the land segment. I believe that prices have room to increase in the coming time," Mr. Hoang shared.
Information from real estate brokers also recorded notable developments in the land segment. Mr. Minh Quan, a real estate broker specializing in land in the suburbs of Hanoi, said that since the beginning of 2024, the number of customers looking for land has increased by about 50-55%. Plots of land with an area of 60-8m2, priced from 3 to 5 billion VND, are being sought after by many investors.
"Areas with good infrastructure connections and included in the urban expansion plan are the top choice for investors," Mr. Quan informed.
Although the land market is in a period of strong price increases, experts also warn investors to be cautious about the risk of local land fever.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that the land segment, especially the land segment that has been divided into plots, and the legal documents have been completed in areas with developed infrastructure and high potential, but many people are still willing to "pay".
However, he also recommended that investors need to be cautious about the situation of prices being pushed too high due to the crowd psych effect. If not carefully considered, many people may have difficulty with liquidity when the market cools down.
