Research by Lao Dong reporters shows that the segment of subdivided land in the suburbs of Hanoi is receiving attention, with a clear increase in transaction demand, especially for small plots of land with subdivided plots under 3 billion VND.
For example, plots of land divided into plots with an area of about 50-70m2 in Thanh Tri district (Hanoi) in early 2024 had an average selling price of about 55-65 million VND/m2, now increased to 70-80 million VND/m2.
In An Khanh commune (Hoai Duc district), plots of land with wide frontages and car roads are avoiding each other, the price has also increased from 88-95 million VND/m2 to 100-105 million VND/m2.
For plots of land in the village but with wide alleys in communes such as Tien Duong and Hai Boi, the current selling price ranges from 80-95 million VND/m2, an increase of about 20-30% over the same period last year.
Mr. Tran Hoang (a real estate broker in Hanoi) said that this price increase trend is thanks to the large infrastructure projects being implemented, along with improving traffic connectivity.
In addition, after a period of market freezing, cash flow from investors has begun to return to the subdivided land segment thanks to the advantage of low capital, easy liquidity and potential for price increase in areas with complete infrastructure.
Referring to this content, Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that suburban land with reasonable and legal prices is receiving the attention of investors.
Notably, in the Northern region, land prices in some suburban districts of Hanoi are showing signs of local fever, with the phenomenon of transactions growing and then staying stable.
The market has seen more investors hunting for land. In addition, land auction activities in some localities have also attracted much attention, affecting the real estate market.
Previously, the Vietnam Association of Realtors (Vars) informed that at the end of last year, a "wave" of land has occurred in many districts on the outskirts of Hanoi, pushing up selling prices by more than 30% over the same period. However, actual transactions only arise with segments of about 2-3 billion VND/plot, which can be exploited to create cash flow.
In the coming time, real estate experts predict that Hanoi real estate prices will increase slowly and stay at a high level. Although the central area of the capital is less pressured to reduce real estate prices, the increase range is not as strong as last year. Investment cash flow will continue to shift to suburban urban areas, where there is still much room for growth.
