According to Lao Dong reporters, recently, many plots of land along the Ring Road 4 project passing through districts such as Me Linh, Hoai Duc (Hanoi)... have been continuously put up for sale by their owners. Even after only a few months, plots of land here are being put up for sale with a price difference of tens of millions of VND/m2.
Mr. Nguyen Huu Minh (46 years old, living in Hoai Duc district) informed that in the past 2 months, many investors have come here to survey and buy suitable land plots. Although the segment has improved, many investors are still in a state of market exploration.
According to Mr. Nguyen Huu Minh, the price of land and houses in alleys in areas where the Ring Road 4 Project runs through such as Duc Thuong, Duong Lieu, and Tien Yen communes (Hoai Duc district) has increased by 20-30% compared to early 2024, to VND50-60 million/m2. Mr. Minh revealed that in Hoai Duc district, the recent increase in land prices is also considered to be due to the impact of land auctions.
Mr. Tran Hoang (real estate broker in Hanoi) said that the implementation of the Ring Road 4 project (Hanoi) passing through localities is increasing the "heat" of the land segment.
This signal has made many investors with idle money interested, even rushing to buy land following the project. In some places, there is even a phenomenon of groundless land price increases.
A recent survey by Batdongsan.com.vn shows that the number of investors looking into the land segment near the Ring Road 4 Project has increased by about 30% compared to previous quarters.
For example, in suburban districts of Hanoi where the Ring Road 4 project passes through such as Soc Son, Me Linh, Thanh Oai, Dan Phuong districts... depending on the area, the transaction volume also increased by 10-20% compared to the months of the third quarter of 2024.
Referring to this content, many real estate experts in Hanoi also analyzed that the implementation of transport infrastructure projects is long-term. Investors need to maintain a cautious attitude, avoid being caught up in infrastructure planning information, virtual land fever in the context of the real estate market still in the recovery stage.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (Vars) - commented that newly built and expanded transport infrastructure can bring great value to the neighboring real estate market. Accordingly, many groups of speculators and real estate brokers can take advantage of planning and project implementation information to push up selling prices.
Experts added that the implementation of these transport infrastructure projects must be long-term. In the area along Ring Road 4, land prices have increased many times to high levels. Before paying, investors and buyers need to carefully study the price history and progress of Ring Road 4 to avoid overpaying and encountering risks later.
