According to Lao Dong reporters, recently, information about large infrastructure projects and planning from districts to counties is clearly affecting the psychology of real estate investors, especially in the land segment in the suburbs of Hanoi.
Mr. Nguyen Trong Khanh (56 years old, living in Ha Dong district) said that in early 2024, he spent more than 3 billion VND to buy a plot of land in Dong Anh district when he received information from the district to the district, and infrastructure planning projects were about to be implemented.
When spending money to buy land in the suburbs, Mr. Khanh expected that the land would have the potential to generate profits in the future thanks to the positive impact of the completion of infrastructure and the real estate projects that are about to be implemented.
"The land plot I bought in Vinh Ngoc commune has an area of over 30 square meters and costs over 3 billion VND, equivalent to 100 million VND/square meter. Although the starting price is high, many investors like me, when spending money to buy, also expect to have the opportunity to make a big profit in the future" - Mr. Khanh said.
Mr. Tran Hoang - a real estate broker in Hanoi - informed that from the end of 2023 until now, the number of investors returning to the market has been increasing, especially in potential hotspots in the suburbs of Hanoi with cash resources of 3-5 billion VND to catch the wave of infrastructure planning.
According to Mr. Hoang, the heat of planning is still one of the factors affecting buying and selling psychology, marking the recovery of the land segment. However, investors need to carefully research the projects and be cautious before making a final purchase to avoid the risk of burying capital.
Mr. Tran Minh Tien - Director of One Housing Center for Market Research and Customer Understanding - said that thanks to planning factors and land auction activities in recent times, the land market has become active again.
However, according to experts, land prices increase but not simultaneously in all areas but mainly concentrated in places with planning or planning information of an orientational nature. Investing in real estate to catch the wave of infrastructure planning and legality has a lot of potential but also contains many risks.
Notably, Mr. Tran Minh Tien analyzed that even with the infrastructure wave, the suburban real estate market will find it difficult to regain the excitement of its peak. If you want to invest in land at this time, the most important issue is that investors must consider their financial capacity because this is no longer the time for speculative investors.
Mr. Nguyen Ngoc Tu - lecturer at Hanoi University of Business and Technology - advised that the real estate market needs more time to recover. This is the stage where investors who do not use too much financial leverage will buy more. Regarding the land segment at this time, investors must determine to invest in the medium and long term.
