According to the reporter's investigation, recently on social networking sites, there has been a lot of information about selling agricultural land in the Mekong Delta region with prices ranging from several hundred to several million VND/m2. The land plots are "invited" by the owners with phrases such as: Selling at a loss, deep discount, selling out...
Due to financial difficulties in his family, Mr. Nguyen Van Suong (Phong Dien district, Can Tho city) put up for sale a 1,000m2 garden plot at a loss for 480 million VND. However, for the past year, there have been no buyers.
In 2019, Mr. Suong did not hesitate to close this plot of land for 500 million VND, hoping to convert it to residential land to enjoy the difference. However, after the COVID-19 pandemic, real estate froze, agricultural land almost lost liquidity, so it has been difficult until now.
"A year ago, I set the selling price at 600 million VND, then continued to reduce it and now it is 480 million VND but still no customers have made a purchase. Because my land plot is not on the frontage, customers are also measuring the possibility of this plot being converted to residential land or not, so they are still hesitant," said Mr. Suong.
In contrast to the gloomy scene of Mr. Suong's land plot, agricultural plots with frontage, near the national highway, cheap price, and complete documents are being invested by investors who spend billions to "close the deal".
Mr. Tran Van Minh (Ninh Kieu district, Can Tho city) said: "I went to survey and found a plot of land with complete papers, near the main road, priced at 1.1 billion VND, area of 1,300m2, so I quite like it, waiting to negotiate with the owner. If possible, I will close it immediately."
Talking about the reason for investing in agricultural land, this investor said: "Regarding the price, garden land and rice fields are still quite soft, the capital outlay will be lower than other types. Moreover, if the purpose of use is successfully changed, the plots will be divided into residential land, the rate of return will be very high."
Experts say that the new regulations of the 2024 Land Law create favorable conditions for farmers and are suitable for businesses investing in the agricultural sector. In particular, investing in and buying agricultural land to change its purpose and divide it into plots for sale is very difficult to do.
According to the Vietnam Real Estate Brokers Association, in the first 6 months of the year, auctioned land and subdivided land have improved somewhat. Project land and agricultural and forestry land have not shown signs of recovery, with sluggish liquidity and slow transactions.
Investing in agricultural land to anticipate projects waiting for planning, holding land for speculative investment will face many risks, with the possibility of "buried" capital.
