Land prices in the old District 9 increased sharply, some places skyrocketed by 25% in a year

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HCMC - Recently, the land market in the old District 9 has recorded quite good liquidity and price increase.

A recent survey by Batdongsan.com.vn shows that the land price level in District 9 (now Thu Duc City) has an average price increase of 10 - 15% over the same period last year. The plots of land with beautiful and prime locations have increased in price by 20 - 25% within a year.

Compared to the same period last year, land prices on Nguyen Duy Trinh Street, Truong Thanh Ward increased from around 53 - 55 million VND/m2 to 59 - 62 million VND/m2. Also in Truong Thanh ward, land in Lo Lu increased from 42 - 50 million VND/m2 to 47 - 56 million VND/m2.

Also in Lo Lu area, the items with frontages on this route, right next to Truong Thanh market, also increased in price from 95 - 97 million VND/m2 to 105 - 110 million VND/m2.

The land in Phu Huu, the pieces of car roads to the ground, the price increased from 45 - 48 million VND/m2 to 54 - 56 million VND/m2. Small pieces of roads, only 2 motorbikes avoid each other, the price increased from 30 - 33 million VND/m2 to 34 - 37 million VND/m2. Go Cat street land belongs to Phu Huu increased from 28 - 30 million VND/m2 to 31 - 33 million VND/m2. The land facade of Lien Ward road belongs to Phu Huu price increases from 95 - 100 million VND/m2 to 102 - 110 million VND/m2.

In addition, areas such as Tang Nhon Phu A, Tang Nhon Phu B, Phuoc Long A, Phuoc Long B, Long Binh, Hiep Phu also recorded an average increase of 10 - 15% over the same period last year. For beautiful pieces and prime locations, the increase can reach an average of 20%.

Real estate market data for April 2025 from Batdongsan.com.vn shows that District 9 is leading in terms of interest in the land segment, far surpassing other land areas of Ho Chi Minh City such as District 2, Cu Chi, Can Gio...

Mr. Nguyen Van Tuan - a long -term individual investor in the city area. Thu Duc - shared that the land in the old district area is receiving the attention from the market. The attraction of this area is largely from positive infrastructure movements, especially after the Metro line No. 1 (Ben Thanh - Suoi Tien) officially came into operation at the end of 2024. This is considered one of the important turnings to promote urbanization and increase the value of real estate in the East of Ho Chi Minh City.

A recent real estate market report from DKRA Group in Ho Chi Minh City and surrounding areas shows that in the first 3 months of the year, primary and secondary land prices in the southern provinces recorded an increase after many quarters of decline and stagnation. Accordingly, the average increase in the primary market is 2-6% and the secondary market is 20-30%.

Land in Ho Chi Minh City has the lowest price recorded in the last quarter of 15.3 million VND/m2 and the highest is 140 million VND/m2, an average increase of 9.2% compared to the previous quarter.

Experts predict that from now until the end of the year, the Southern land market may welcome about 3,000 - 5,000 new products for sale. Although supply is abundant, demand will not be able to recover immediately, at the earliest it will not be until the fourth quarter when the provinces and cities announce a new land price list.

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