The demand for land plummeted in 3 districts in Hanoi

Thu Giang |

The demand for land plots has suddenly increased in Long Bien district, Hoai Duc district, Ha Dong district (Hanoi).

Research by Lao Dong reporters shows that recently, many investors have tended to look to suburban districts of Hanoi to look for plots of land with prices ranging from 2-3 billion VND/plot.

Mr. Nguyen Van Linh (60 years old) - a real estate investor in Long Bien district, Hanoi - said that the land segment here is in the focus of many investors.

Mr. Linh analyzed that the price of real estate in the inner city is "at the peak", causing investors to shift their direction to buy real estate in the suburbs of Hanoi, including the land segment.

Many investors have even spent time looking for plots of land with selling prices from 2-3 billion VND/plot to live or wait for land prices to increase over time.

Many real estate experts in Hanoi have recently commented that the demand for land in suburban districts of Hanoi is gradually improving. In particular, the residential land segment in some districts far from the center of Hanoi is having cheap starting prices and high profit potential.

The latest report from the website Batdongsan.com.vn shows that the real estate market in Hanoi in the first months of 2025 has shown positive signs of recovery. The most prominent of which is the land segment, which is leading in terms of purchasing demand.

According to the website Batdongsan.com.vn, in the first half of February 2025 alone, the number of land searches nationwide increased by 2-3 times compared to January.

Notably, in Hanoi, the demand for land plots increased by 50-55%, concentrated in areas such as Long Bien district, Hoai Duc district and Ha Dong district.

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The land segment in Hoai Duc district, Long Bien district, Ha Dong (Hanoi) is attracting the attention of many investors. Photo: Thu Giang

Mr. Dinh Minh Tuan - Director of Batdongsan.com.vn - commented that the increase in land demand in early 2025 is a familiar trend.

Mr. Tuan explained that at this time, idle cash flow is often restructured by investors to choose potential segments.

In the context of strong fluctuations in investment channels such as gold and stocks, real estate, especially the land segment, is benefiting from positive information about infrastructure, planning, economic policies, promoting investment psychology to return.

Real estate investors predict that the land market in 2025 will continue to flourish, with supply and demand improving significantly. However, local heating ups in early 2025 are only short-term, unlikely to repeat the widespread price fever like in 2022.

Mr. Dinh Minh Tuan emphasized that in the context of banks still being cautious with real estate credit, using financial leverage continues to be a difficult problem.

Investors today also tend to prioritize projects with transparent planning and potential for infrastructure development, instead of choosing spontaneous subdivision plots of land. In the first half of February 2025, investment demand has strongly recovered, causing the number of land searches nationwide to increase by 2-3 times compared to the previous period.

Thu Giang
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Thu Giang |

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