A recent survey by Batdongsan.com.vn shows that the number of investors looking for land 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.
A survey by the website Batdongsan.com.vn shows that compared to 5 months ago, some land areas in Me Linh district have increased from 45-55 million VND/m2 to 55-64 million VND/m2.
In Dan Phuong district, the land segment in Tan Lap commune also increased in price from 48-55 million VND/m2 to 54-65 million VND/m2; land on the road in Tan Hoi commune fluctuated at 55-66 million VND/m2, currently also increasing by 2-5 million VND/m2 compared to 5 months ago.
During the same period, the land price in Yen Nghia ward (Ha Dong district), where the Ring Road 4 project passes through, increased from 58-64 million VND/m2 to 63-72 million VND/m2.
In Bac Vong area (Bac Phu commune, Soc Son district), where Ring Road 4 passes through, the land price has increased from 11-17 million VND/m2 to 15-24 million VND/m2. Land in Thanh Oai district, near Ring Road 4, the asking price has also increased from an average of 55-60 million VND/m2 to 58-65 million VND/m2...
Mr. Nguyen Manh (a long-time real estate investor in Hanoi) also admitted that in the past 2 months, the land market in "hot spots" such as Thanh Oai, Hoai Duc, Ha Dong, Dan Phuong, Soc Son districts, where the Ring Road 4 project passes through, is showing signs of recovery, receiving renewed attention from investors.
"The fact that many investors are interested in and researching the land market near the Ring Road 4 Project has made this segment vibrant again, escaping the gloom. However, the number of successful transactions here is still small" - Mr. Manh analyzed.
Research by Lao Dong reporters shows that the Ring Road 4 - Capital Region project passing through localities is increasing the "heat" for the land segment. This signal makes many investors with idle money interested, even rushing to buy land following the project...
Dr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - once commented that newly built and expanded traffic infrastructure can bring great value to the neighboring real estate market.
However, according to Dr. Nguyen Van Dinh, the implementation of these transport infrastructure projects must be long-term.
Many real estate experts analyze that investors need to be extremely cautious, learn carefully about the real estate market, understand information about planning projects and liquidity to avoid the risk of burying capital.
Investors still need to be cautious, avoid getting caught up in infrastructure planning information and virtual land fever in the context of the real estate market still in the recovery phase. In some places, there is even a phenomenon of groundless land price increases.
