Land prices in many areas have continuously increased sharply, along with regulations on land division, making the dream of owning a house and land of many people become distant. In that context, apartments have emerged as an alternative choice, both meeting real housing needs and opening up investment opportunities.
From the end of 2024 until now, the real estate market has continuously heated up due to information on adjusting regulations on land division. In many localities, the requirement for a minimum plot of 50m2 of land with a frontage of no less than 4m makes it difficult for investors and people to access land funds.
Talking to PV of Lao Dong Newspaper, Mr. Hoang Van Thai - Deputy General Director of Liberty Homes Real Estate Joint Stock Company - said that this directly affects the buying and selling plan and subdivision.
According to Mr. Thai, to implement regulations such as a 4m frontage and a minimum area of 50m2, it is really difficult for small investors. Because dividing plots with such a large area will affect both small investors as well as those with real needs.
Sharing the same view, Mr. Do Van Thach - General Director of Dova Land - said that the current land and house price level has been at a high level in recent times, affecting the purchase of real estate and subdivided houses by people. In addition, if previously, some financial institutions were only enough to plan to buy a plot of land of about 30 square meters, then the regulation of 50 square meters or more increased payment capacity, causing difficulties for many households.
Not only investors, many young families are also under great pressure. The accumulation over many years but the land price increases rapidly has forced them to consider another direction. Mr. Le Anh Tuan - an office worker - shared that the couple has saved up for many years and borrowed about 3 billion VND, but with the current strong increase in land prices, there is not enough money to buy land, forcing them to switch to buying apartments in suburban areas.
This is also the reality when many people are switching to the apartment segment because land funds are increasingly scarce and difficult to access. Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that this is a clear trend when buyers do not have enough finances to own land. Those with real needs or small investors, who do not have the opportunity to invest in land, will look for apartments. In the future, apartment investment will be even larger because it meets both needs: real estate and investment at the same time.
According to Mr. Nguyen The Diep, the reality in big cities shows that new apartment projects are continuously being launched on the market, from affordable to high-end segments. Investors also apply many payment policies to extend progress, support loans, to attract customers who are " slipping" from the land market.
If this trend continues, the apartment market will grow strongly in both transaction quantity and investment value. However, the explosion of apartments also raises issues that need attention in urban planning, transport infrastructure and public service quality. Concentrating residents in high-rise areas requires synchronous preparation from infrastructure to social utilities, avoiding overload.
At the same time, some opinions say that the State needs to calculate and adjust the regulations on land division more flexibly, depending on the characteristics of each locality, to both ensure planning management and not "stuck" the real needs of the land market. From the pressure of rising land prices to new regulations on minimum areas, choosing to buy apartments is becoming a solution for many people, from small investors to young families.
Although this trend opens up opportunities for home ownership within reach, it also requires reasonable regulation from management agencies so that the market develops in a balanced and harmonious way between real housing and investment needs.
