District in Hanoi leads in land searches, experts warn cautiously

Thu Giang |

Online data from the website Batdongsan.com.vn recently showed that the demand for land in Dong Anh is at the top of the Hanoi market.

According to Batdongsan.com.vn, land in Dong Anh district continues to be a hot spot attracting investors in early 2025. In April 2025 alone, the demand for land in Dong Anh will top the entire Hanoi market, followed by Ha Dong district, Soc Son district, Long Bien district, Hoai Duc district, Chuong My, Quoc Oai.

According to Lao Dong reporters, the common land price in Dong Anh district (Hanoi) is fluctuating around 100-150 million VND/m2.

For example, many plots of land in Nguyen Khe, Dong Hoi, Uy No communes... are being offered by owners for 80-150 million VND/m2. Meanwhile, in early 2024, the land segment here was only advertised for sale at 70-100 million VND/m2.

Phan khuc dat nen o huyen Dong Anh (Ha Noi) duoc nhieu nguoi tim kiem. Anh: Thu Giang
The land segment in Dong Anh district (Hanoi) is sought after by many people. Photo: Thu Giang

Referring to this content, Mr. Le Dinh Chung - Member of the working group of the Vietnam Real Estate Brokers Association (Vars) - said that after a period of rapid increase, the market has begun to show signs of stagnation, prices in some localities have shown signs of slight decrease, liquidity in the first quarter of 2025 is slow, some places have recorded local fever. In general, it is slower than in early 2024.

Vars's report for the first quarter of 2025 also clearly shows that the "wave" of land plots occurred in many places at different levels, especially in the suburban districts of Hanoi, around newly implemented projects and land auction areas with selling prices increasing by 30 - 80%.

However, in reality, transactions only arise on plots of land worth less than VND2 billion, which can be exploited to create cash flow.

Many real estate experts also analyzed that land prices in the suburbs of Hanoi have increased continuously in recent years, causing many investors and buyers to wait and observe the market before deciding.

In addition, in recent times, after information about the plan to merge some provinces, speculators tend to look for opportunities in provincial areas instead of focusing on land near the capital as before.

Immediately after the news of the merger appeared, the demand for real estate in related localities increased significantly, reflecting the interest of investors.

In the long term, Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that Dong Anh district is still considered an "inferior investment area" with the potential for price increase thanks to clear planning and development orientation, increasingly complete infrastructure and attraction from new metropolises.

However, experts recommend that investors need to be alert, avoid investing in the crowd effect to avoid falling into a situation of "holding goods" during short-term virtual fevers.

Thu Giang
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