A recent report by Property Guru Vietnam shows that in the first months of 2025, the selling price of land in the suburbs of Hanoi is increasing by 30-80% depending on the area.
Accordingly, the average land price in Thach That district (Hanoi) for Tien Xuan commune road section in early 2025 is from 27-30 million VND/m2, currently being advertised for sale at 29-32 million VND/m2.
Land prices in Binh Yen commune in early 2025 fluctuated between 20-22 million VND/m2 and have now increased to 22-24 million VND/m2; Land prices in the location of double roads in Thach Hoa commune in early 2025 fluctuated between 35-36 million VND/m2 and have now increased to 38-40 million VND/m2.
Similarly in Quoc Oai district, land in Phu Man commune in early 2025 only fluctuated from 12-13 million VND/m2 but has now increased to 13-14 million VND/m2.
Land in Phu Cat commune in early 2025 only fluctuated around 10-13 million VND/m2 and is now being advertised at 11.5-14 million VND/m2; Hoa Thach land in areas with high roads at the beginning of the year is being advertised at 21-23 million VND/m2, now increased to 23-25 million VND/m2.
Or in Son Tay town, land on Dong Trang street at the location of a large road widened to 18m, near the planning of Metro 05 station, the land price in early 2025 was only about 29-30 million VND/m2 and has now increased to 30-31 million VND/m2.
Meanwhile, locations in the village, which are not convenient for business, have also increased in price from 12-14 million VND/m2 to 15-18 million VND/m2.
Mr. Nguyen Van Trong (45 years old, living in Hoai Duc district, Hanoi) commented that suburban land prices from the beginning of 2025 are on the rise due to the trend of expanding people to the suburbs, infrastructure projects, and transportation are gradually being completed.
Mr. Trong cited that the Ring Road 4 project is being implemented, connecting traffic in the suburban area, helping to move to the center of Hanoi faster also makes the real estate segment in the surrounding area attract many investors.
Referring to this content, Mr. Nguyen Quoc Anh - Deputy General Director of Property Guru Vietnam - commented that the interest in land plots shows signs of stagnating or decreasing, which reflects that the actual transaction quantity is not much compared to last year even though prices are gradually increasing.
Experts say that land prices in the suburbs of Hanoi have increased continuously in recent years, causing many investors and buyers to wait and observe.
In addition, after information about the plan to merge some provinces, investors tend to look for opportunities in provincial areas instead of focusing on land near the capital as before.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - recommended that investors need to be cautious about virtual fevers, especially in areas with land prices increasing following rumors, lacking transparency in planning progress and legality.
According to Mr. Nguyen Van Dinh, cash flow should be directed to areas with good infrastructure, clear planning and real population. Investors need to be alert, not follow the crowd psychology and consider carefully before deciding to spend money to buy.
