Land prices in many localities have suddenly increased sharply in a short time, creating a wave of short-term investment. However, in the context of the market not having a foundation for sustainable recovery, many investors are starting to clearly feel the risks when taking profits is not as easy as expected.
According to the report of the Ministry of Construction, in the first quarter of 2025, the number of land transactions increased sharply in a series of localities such as Bac Giang, Phu Tho, Ninh Binh, Thai Binh, Hung Yen, Hai Phong and Dong Nai. Along with that is the phenomenon of local price increases, many places exceeding 20 - 30% after only a few months.
In Phu Tho province, urban areas that have been abandoned for many years such as Van Phu, Trung Vuong, Tho Son, Thanh Mieu or Gia Cam are suddenly being advertised for sale again with prices increasing by 2030%. In Hai Phong, land prices in Kien Thuy, An Dong, Thuy Nguyen areas also increased by 1520%. In particular, in Nhon Trach district (Dong Nai), there are places where the asking price has increased by more than 40% after just one " information wave".
However, not all investors can easily make a profit in this price increase wave. Ms. Le Thi Hang, an investor from Hanoi, said that at the end of January 2025, she bought a plot of land in Van Phu urban area (Viet Tri city, Phu Tho) for 1.1 billion VND, expecting to survey for a few months.
“The market was quite bustling at that time, the price was also significantly increased, so I thought I would take profit quickly. But in fact, even though the price increased, the difference was not attractive enough compared to the cost, so I still did not dare to sell. Trong ”, Ms. Hang shared.
Mr. Tran Quoc Bao, an investor in Bac Giang City, said that he bought two plots of land in a new residential area in Da Mai ward after Tet, with an increase of nearly 300 million VND/plot compared to the end of last year. However, after many weeks of reselling, he has not been able to successfully close the deal. "I advertised it at the correct price plus brokerage fees and some expenses that had been spent, but many people watched it and then stopped. The price is pushed up too quickly, causing buyers to be reserved and afraid that they will soon have reached their peak, Mr. Bao shared.
This situation is not unique. In localities such as Bac Giang, Bac Ninh or Hung Yen, real estate brokers also recorded a clear difference between the level of interest and the actual transaction closing rate.
Mr. Nguyen Dinh Thang - a land broker in this area said that recently, land prices in many residential areas adjacent to planning or near major roads have increased by 20 - 25%. However, most of the transactions are still between surfing investors, while home buyers are hesitant. "There were lots that increased in price by several hundred million VND in less than two months, but they were only advertised and advertised again but could not be finalized. People with real needs are very cautious, because they are afraid that prices are being pushed up too quickly without any clear infrastructure, said Mr. Thang.
It can be seen that although the land price level in many areas is showing signs of increasing again, actual liquidity has not yet had clear changes. Prices continue to stay high while trading is still sluggish, reflecting investors' cautious sentiment and showing that the market has not really entered a vibrant period.
