Although the information about planning and merging provinces is not really clear, it has somewhat affected the psychology of real estate buyers. This is the reason why apartment and townhouse projects with advantages near Ho Chi Minh City, or connecting close to Ho Chi Minh City through key infrastructure lines are showing signs of "following" information to push up the selling price level.
In the apartment segment, although located in suburban provinces such as Long An, Dong Nai, Binh Duong... the house prices of many projects are offered by investors, even higher than projects in Ho Chi Minh City. For example, in Thu Dau Mot City, Binh Duong Province, the Sycamore project, with an area of over 18 hectares, invested by Capitaland, with a product line of townhouses and villas, is being offered for sale at prices ranging from 16 to 20 billion VND/unit. Also in Thu Dau Mot City, the Artisan Park townhouse and villa project, over 50 hectares wide, invested by Gamuda Land Group, is being opened for sale at the highest price of up to 20 billion VND/unit.
Meanwhile, many townhouse and villa projects in areas such as Binh Chanh, Nha Be, Cat Lai districts in Ho Chi Minh City have a selling price level of only 15-20 billion VND/unit. Even in the apartment segment, the prices of suburban areas are also sold on par with Ho Chi Minh City, with the selling price being announced from 55 to 65 million VND/m2.
Notably, in the land segment, the "land hunt" has begun to become bustling in some projects in Nhon Trach (Dong Nai), Can Giuoc, Duc Hoa (Long An),... The selling price is not low as brokers are racing to draw out the prospect. After the merger, the real estate market in this area will certainly have strong fluctuations, both in price and transaction demand due to the benefits of infrastructure, urban planning, and economic development. The price at that time could be closer to the price in the suburban districts of Ho Chi Minh City.
Experts have also begun to issue warnings to buyers to avoid being swept away and fall into "virtual" land fevers.
Dr. Nguyen Duy Phuong, Investment Director of DG Capital, said that the merger of provinces and cities will have a positive impact on the real estate market. However, real estate value to increase sustainably requires a foundation, which means there must be synchronous development of transport infrastructure, economy, and society.
If key projects such as Ring Road 3, expressway, airport, port, industrial park, etc. are completed and travel is convenient, prices will increase sustainably. The remaining newly merged areas but do not have the need to buy land for living or building factories or business are only increasing virtual.
"Investors need to be very careful with the virtual fever. The land fever according to the news often only benefits a small group of speculators, while most individual investors and real estate buyers are at risk of getting stuck if they buy at "expected" prices, which have been pushed up too high", Dr. Phuong stated his opinion.
According to recommendations from experts in the real estate sector of the Vietnam Real Estate Brokers Association, to avoid falling into "virtual" fevers and ensuring expected profits, investors need to be alert and avoid being caught up in crowd psychology. Investors need to carefully study the land price level of the area expected to be invested in, clearly understand the progress of planning changes to assess risks and growth prospects.
Buying when prices have increased sharply often comes with much greater risks than expected profits. Places with detailed planning and in the infrastructure implementation stage or projects invested synchronously and modernly, with many policies to attract people to live will be a safer choice than areas that are only being pushed up in price according to rumors.
