Talking to Lao Dong reporter, Mr. Nguyen Van Loi (56 years old, living in Me Linh district) said that more than a year ago, land prices in Kim Hoa commune only fluctuated around 20-22 million VND/m2, but now they have increased to 25-27 million VND/m2, in some places up to 30-40 million/m2.
According to Mr. Loi, the price of subdivided land in the locality is heating up, due to the influence of traffic projects and infrastructure that are gradually being completed. However, what makes Mr. Loi feel confused is that the selling price here is constantly "dancing".
"I was quite surprised when the plot of land separated near the planning of Ring Road 4 in early 2025 was only advertised for 1.5 billion VND, but now the price has increased to 1.7 billion VND in just a few months, the land market here is attracting many investors despite the constant fluctuations in prices" - Mr. Loi said.
Similarly, Mr. Nguyen Van Ngoc (39 years old, living in Duc Thuong commune, Hoai Duc district) informed that many plots of land that have been divided into plots and separate red books here are easy to trade but the selling price fluctuates monthly.
According to Mr. Ngoc, since the Ring Road 4 project was implemented, the segment of subdivided land plots has attracted great attention from investors. Especially plots of land with a selling price of 1.5 - 2 billion VND/plot, people are constantly asking for information for long-term investment.
Referring to this content, the Vietnam Association of Realtors (Vars) recently informed that the price of land plots that have been divided into plots and have full legal documents is having a strong recovery and growth momentum in 2025 in the context of reduced land supply due to regulations on tightening land subdivision and sale.
In particular, according to Vars, low-value plots of land, around VND30 million/m2 in areas with gradually completed infrastructure are being continuously searched for.
Mr. Nguyen Van Khoi - Chairman of the Vietnam Real Estate Association (VNREA) - recently warned that the situation of real estate speculation exists and there is a phenomenon of "virtual" price increases. VNREA also recommended that there should be a strict control mechanism from the local side and handling violations of land speculation in real estate transactions.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that the increase in land prices according to planning fluctuations is not new to the Vietnamese real estate market. History shows that every time information about new planning appears, land prices in related areas often increase sharply in the short term. The main reason comes from the Fomo mentality of investors (fear of missing out on opportunities).
According to Mr. Dinh, real estate value to increase sustainably requires a foundation, which means there must be synchronous development of transport infrastructure and the socio-economy. If the increase is only based on speculative information about infrastructure and planning, investors will easily face the risk of burying capital and losing losses.
