According to Lao Dong reporters, in the first months of 2025, the service land market in suburban districts of Hanoi suddenly became vibrant again, causing prices to skyrocket compared to 2024.
However, the number of successful transactions in this segment is still quite small, even many plots of land are showing signs of being pushed far beyond the actual price.
Mr. Pham Van Hung - a long-time land investor in Hoai Duc district, Hanoi - said that compared to the end of last year, the price of service land here has increased by 5 - 10%. Service land prices range from 100-150 million VND/m2. Mr. Hung said that many buyers are mainly in the exploration mindset, not deciding to pay immediately.
Similarly, Ms. Le Thi Ngoc Lan (35 years old, living in Cau Giay district, Hanoi) informed that since the beginning of 2025, the price of service land in the suburbs has increased too much, so despite the demand, she is still stopping at the reference level, asking for prices.
"The price of service land in the suburbs has been pushed up too quickly, causing people who want to buy like me to tend to hesitate. Not only in Hoai Duc district, service land prices are on the rise in many other service land hotspots in the suburbs such as Duong Noi ward (Ha Dong district)" - Ms. Lan said.
Referring to this content, Mr. Vo Hong Thang - Director of consulting and project development services of DKRA Group - assessed that land and service land are still sustainable investment channels, attracting investors, so it will be very difficult to decrease.
According to Mr. Vo Hong Thang, people often prefer houses attached to land, moreover, land and service land are considered a safe channel for accumulating assets and the ability to generate high profits.
However, Mr. Thang also noted that investors who want to buy land and service land in the suburbs of Hanoi at this time need to carefully study the legality, red book, and utilities.
Mr. Thang recommended that investors need to determine that this is a long-term investment, should not prioritize the use of financial leverage, should prioritize favorable location as well as the potential of the land to make the right decision.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - analyzed that investors are paying great attention to real estate products, especially land plots, service land in areas with planning information, infrastructure investment, projects such as Dong Anh district, Hoai Duc district, Ha Dong district...
However, Mr. Diep also noted that although investing in land and service land " Following" infrastructure planning has been a popular way of doing things for a long time, investors need to consider when using financial leverage. The reason is that projects and infrastructure planning in the suburbs of Hanoi are often easily suspended, behind schedule, and easily face the risk of burying capital.
