The land market is witnessing significant changes. While many areas are still stagnant, Hanoi and some neighboring areas such as Bac Giang, Bac Ninh, Hoa Binh, Hung Yen and Ha Nam are attracting attention again.
In Bac Giang, investors' interest is concentrated in areas near industrial parks such as Van Trung and Quang Chau. Land prices in Bac Giang also fluctuate depending on the area; some areas of Bac Giang city have an average price of 90 million VND to 120 million VND/m2; Viet Yen district has an average price of about 30 million VND/m2; other routes such as Quang Trung and Nguyen Thi Luu also record high prices, respectively 95 million VND/m2 and 35 to 90 million VND/m2.
In Bac Ninh, land plots near the city center and large industrial parks such as Tu Son and Yen Phong are recording significant increases. The common price of land plots in many areas in the center of Bac Ninh currently ranges from 25-145 million VND/m2. In particular, in Tu Son town, the average land price is about 80 million VND/m2, and in Tien Du district, the average is about 35 million VND/m2.
Meanwhile, Hoa Binh is also a market that benefits greatly from the completion of traffic routes connecting to Hanoi. Projects in the Luong Son and Ky Son areas are attracting attention.
Hung Yen and Ha Nam are also not far behind with major transportation projects such as the Hanoi - Hai Phong highway. Areas such as Van Giang, Phu Cu in Hung Yen and Duy Tien, Phu Ly in Ha Nam are being sought after by many investors.
In Ha Nam, land prices vary significantly between regions. In Phu Ly city, plots of land on main roads in the inner city can reach the highest price, up to 200 million VND/m2. Meanwhile, districts such as Kim Bang have prices ranging from 6.1 to 54 million VND/m2, Thanh Liem district from 1.6 to 18 million VND/m2, up to 200 million VND/m2, depending on location and development potential.
Ms. Le Thi Huong - an individual investor who is researching the Ha Nam market - shared: "Convenient connectivity and potential for industrial development are the factors that made me choose and seek investment opportunities in this area".
Sharing about the trend of land investors, Mr. Tran Minh Ha - a real estate broker - said: "The land market in areas surrounding Hanoi is attracting the attention of investors, especially in provinces with a combination of urban and industrial areas".
Mr. Ha also said that the end of the year is often the time to review the portfolio and look for new opportunities. With the current movements, the Northern land market is expected to continue to be the focus in 2025, especially hot spots in some emerging markets such as Bac Giang, Bac Ninh, Hoa Binh, Hung Yen and Ha Nam.
Forecasting the trend of the land market in the coming time, Mr. Le Dinh Chung - a member of the Market Working Group of the Vietnam Real Estate Brokers Association - said that it is not until the second quarter of 2025 that the land market can witness more even development in many places. However, investing in land at the present time requires a medium-term vision, with a capital recovery period of at least 1 to 3 years, instead of expecting a quick "surf".
