As a real estate segment that many people choose to invest in, recently, when the market has changed positively, land has attracted attention and investment again. Currently, the market has seen many investors "hunting" for land in the suburbs of big cities.
In Hanoi, the land market recorded stability in 2024 and began to heat up from the beginning of this year, especially in the last months of the year when suburban land auctions "heated up" the market. Faced with the strong increase in land prices in Hanoi, many investors have shifted to suburban areas and neighboring provinces of Hanoi to buy real estate at low prices, expecting prices to increase in the future.
Mr. Hoang Tung - a real estate broker in Hanoi - shared: "People often talk about the psychology of fomo, fear of missing out, buying with the crowd,... But with 15 years of experience as a broker, I see that experienced investors will have their own analysis, evaluation and direction, never buying with the crowd. The taste of these investors is often areas with low prices, with potential for future development, they are willing to put down money and wait for a few years when finding a suitable plot of land".
Mr. Tung also said that recently, many customers have tended to move to neighboring markets of Hanoi such as Bac Ninh, Bac Giang, Ha Nam. "The prices in these areas are still quite low, so there is a lot of investment potential. In the coming time, these provinces will be strongly affected and directly benefit from the spreading heat of the Hanoi market" - Mr. Tung said.
As an investor looking for opportunities in the provinces surrounding Hanoi, Mr. Nguyen Van Truong (Cau Giay, Hanoi) said that after many unsuccessful attempts to find opportunities to invest in land in the suburban districts of Hanoi due to the high prices, at the end of November 2024, he decided to buy a 90m2 plot of land in Duy Tien district, Ha Nam province at a price of 14 million VND/m2.
According to Mr. Truong, after a period of searching in the suburban districts of Hanoi, he realized that with an amount of more than 1 billion VND, it would be very difficult to find plots of land with good locations. Meanwhile, if you go to Ha Nam, there will be many options with quite low prices, and good potential for price increase.
Similarly, Ms. Trinh Thi Thanh (Ha Dong, Hanoi) also said that the price of real estate in Hanoi is currently too high, to invest requires a large amount of capital and must accept the risk when the market is not as expected, it is difficult to achieve a good profit margin. Therefore, Ms. Thanh and her investment group decided to go to the provinces to "hunt" for land and residential land.
"Although land fever is unlikely to occur in the provinces and investment profits are unlikely to be exceptionally high, the total investment capital is small, only 1-2 billion VND/plot, the land is square and beautiful. Recently, we have closed the purchase of 3 plots of land, 1 in Hung Yen, 2 in Bac Ninh with prices ranging from 1-2 billion VND" - Ms. Mai said.
Commenting on the current market, Mr. Nguyen Quoc Anh - Deputy General Director of PropertyGuru Vietnam - said that the land market has not yet become vibrant again but has shown impressive growth. The expert predicted that starting from the second quarter of 2025, when the real estate market enters a period of recovery, the land and project villa segments will attract more attention from investors.
