According to Lao Dong reporter's research, from the end of 2024 to now, in Dong Anh district (Hanoi), many plots of land in Le Phap commune have increased in price from 74-100 million VND/m2 to 85-110 million VND/m2.
Land in Tien Duong commune in a wide alley, 2 cars avoiding each other, the selling price also increased from 60-90 million VND/m2 to 80-105 million VND/m2.
The plot of land in Nguyen Khe commune, a location that can be used for business, has increased from 62-78 million VND/m2 to 65-96 million VND/m2.
In Soc Son district, land plots with an area of 50-70m2 in the central areas of the commune have an average price of 45-60 million VND/m2, an increase of about 15-20% compared to the end of 2024.
In Thach That district, residential land has its own red book, with an area ranging from 50-80m2 and currently has an average price of 47-50 million VND/m2. For lots near major roads or high-tech parks, prices can reach 55-60 million VND/m2, an increase of about 20-25% compared to the end of last year.
In Hoai Duc district, the area bordering the inner city, small land prices continue to record a strong increase, many places have exceeded the 100 million VND/m2 mark, especially in areas near Ring Road 4, the price may approach 100-120 million VND/m2.
Talking to Lao Dong, Mr. Tran Van Hoa - a long-time real estate investor in Hanoi - said that after many months of looking to buy, he found it very difficult to find a plot of land in the suburbs of Hanoi with a price of less than 50 million VND/m2.
According to Mr. Hoa, there are many plots of land that are being advertised by owners in Hoai Duc district, Dong Anh at prices exceeding 80-100 million VND/m2 even though they are located in hamlets and alleys.
Recent data from the Vietnam Association of Realtors (Vars) shows that land products under VND3 billion in the suburbs of Hanoi with guaranteed legality and completed infrastructure are currently of interest to many investors.
The increase in land prices in many suburban districts of Hanoi has reached 10-20%, with some places increasing by 40% compared to the time when the market was most difficult.
Mr. Le Dinh Chung - General Director of SGO Homes Real Estate Investment and Development Joint Stock Company - said that cash flow tends to shift, looking for new segments and markets.
Recent market developments show that this shifting trend is gradually taking shape and is quite clear. The group of financial customers has begun to shift to looking for new land because they have almost no opportunity to invest in the Hanoi market when the prices of apartments, villas, and townhouses are all too high.
Many real estate experts believe that the subdivided land market in suburban districts of Hanoi is reacting strongly to policy changes. Buyers need to be alert, carefully consider the legality, and avoid investing massively according to the crowd effect.
Experts predict that in the context of increasingly strict land division policies, small plots of land with complete legal documents will continue to be sought after in the coming time.
