Talking to Lao Dong, Mr. Nguyen Van Long (who wants to buy land in the suburbs of Hanoi) shared that from the beginning of 2024, he and his friends often invite each other to the districts in the suburbs of Hanoi to look for land to buy. Priced from 3-5 billion VND or more, waiting for the opportunity to take profit.
According to Mr. Long, currently, the search for land in suburban areas has increased, finding land with a good location at a reasonable price is also difficult, and price competition is also higher. Many of Mr. Long's friends have also spent billions to buy land with clear legal status and convenient traffic location in Vinh Ngoc commune (Dong Anh district).
There is also an available source of capital, Mr. Le Duy Cuong (living in Cau Giay district, Hanoi) confided that recently, he has been taking advantage of looking at land lots on the outskirts of Dong Anh district, Gia Lam to invest. Castle.
According to Mr. Cuong, compared to the end of 2023, land prices in some suburban districts of Hanoi have increased by 3-5% but are still not at a feverish level. Mr. Cuong expects that if he lacks capital or financial level is not enough, he is willing to borrow another 300 - 500 million VND from the bank to buy a plot of land worth 4 billion VND in Uy No commune.
Real estate market data for the first 6 months of 2024 from the website Batdongsan.com.vn shows that the demand for land and private houses nationwide in the second quarter of 2024 increased by 33% and 18%, respectively. %, compared to the first quarter of 2024.
Also according to Batdongsan.com.vn, in Hanoi, the level of interest in land plots was recorded to increase by 75%, and private houses increased by 48%. In particular, the level of interest and prices increased sharply in the suburban areas of Hanoi.
In the first half of 2024, land in Dong Anh, Gia Lam, Hoai Duc, Thach That, Quoc Oai districts recorded an increase in purchasing demand from 48 - 104%, driving up the price of land for sale in these suburban districts. an increase of 4 - 24% compared to the second half of 2023.
Among the suburban districts of Hanoi, Dong Anh district recorded the strongest growth in selling prices and interest levels. Compared to the first quarter, in the second quarter of 2024, land interest in Dong Anh district increased by 104%, and the selling price increased by 24%.
In Le Phap, Tien Duong, Dong Tru, Uy No, Dong Hoi communes (Dong Anh district), many land lots with large road frontages are being offered for sale at 170-220 million VND/m2, while at the end of 2023 the price Price only ranges from 130-160 million VND/m2.
Stating that the advantages thanks to information related to legal and planning, the land market has grown strongly, Mr. Le Dinh Chung - General Director of SGO Homes Real Estate Investment and Development Joint Stock Company - It is said that many investors have begun the process of "land hunting" in the suburbs of big cities, localities with strong infrastructure development and high urbanization rates.
Mr. Le Dinh Chung said that, savings interest rates remain low, many people are recently looking for investment channels that bring better profits, including real estate. Experts say that land products in the suburbs of Hanoi from 2-4 billion VND/lot are gaining interest from investors again because of their low average investment value and great profit potential.
