With idle money, in 2019, Mr. Nguyen Van Binh (48 years old, living in Thanh Xuan district, Hanoi) took the opportunity to buy a piece of land for 1.5 billion VND in Thach That district, Hanoi.
When finalizing the purchase, investors "argue" as Mr. Binh expected, the formation of the Hoa Lac satellite urban area project (Thach That district) will attract many businesses, universities and key projects, causing real estate prices to increase over time.
"However, despite being the earliest place to be formed, Hoa Lac satellite urban area (Thach That district) still has vacant land, many places have become places for free cattle grazing. Although I have been selling a plot of land for more than half a year, I still haven't had anyone to buy it, now I just want to sell it to break even" - Mr. Binh said.
Also investing in racing along the Ring Road 4 Project, Ms. Trinh Thi Khuyen (45 years old, self-employed in Hanoi) informed that in previous years, she had decided to buy a plot of land of 2 billion VND, 100m2 wide in Thanh Xuan commune, Soc Son district with the expectation of increasing prices over time.
However, despite posting an advertisement for the sale of a plot of land along route 35, across Tan Dan B Primary School (Soc Son District) due to financial difficulties, Ms. Khuyen has not yet found a buyer.
Many real estate experts believe that the land market in the suburbs of Hanoi and neighboring provinces has recorded a significant price increase in the past year.
Although investment cash flow has begun to return, strong price increases in some areas have also caused risks from local land fever to appear, especially for Jungle investors.
However, according to experts, in many areas, land prices are pushed up but the actual liquidity is not much, if investors do not clearly understand the market but buy according to the trend, it is easy to face risks.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that "relying on steam" in infrastructure planning to push up real estate prices is the trick of "steering teams" to create market waves.
In fact, only when the transport infrastructure is completed will projects and implementation plans really have a big impact on neighboring real estate prices.
Dr. Nguyen Van Dinh noted that the implementation of current infrastructure projects is long-term, while land is an investment channel for people with idle money. Investors interested in this segment need to carefully survey the area, clearly understand the planning, investment source, investment time and choose a liquid land location.
