At the end of May, through a survey by Lao Dong Newspaper reporters, the real estate market in Luong Son, Cao Duong, and Lien Son communes (Phu Tho) continued to be vibrant with many transactions of land plots and resort land in communes bordering Hanoi, but the price level has not shown hot increases.
According to Mr. Bach Cong Quyen - real estate broker in the Luong Son area, the biggest advantage of the locality is that land prices are still significantly lower than in suburban areas of Hanoi such as Hoai Duc, Thanh Oai or Quoc Oai. This is a factor that helps the western gateway area of the Capital continue to attract investment capital.
In addition to the advantage of adjacent to Hanoi, expanded industrial infrastructure also contributes to increasing the attractiveness of the local market.
Currently, Luong Son area has 3 operating industrial zones and clusters including Luong Son Industrial Park, Nhuan Trach Industrial Park and Nam Luong Son Industrial Cluster.
Land plots with full red books, near the main traffic axis or located in crowded residential areas are still frequently sought after by customers. The most interested segment today is land plots with an area of more than 100 m2.
Resort products along rivers and lakes with an area of 1,000m2 or more also attract many Hanoi investors to buy to develop the second home, homestay or weekend resort model. Prices range from about 2 billion VND or more, depending on the location," Mr. Quyen said.
Mr. Nguyen Manh Linh - real estate broker in the Luong Son area, said that land prices in the locality have increased by about 30% compared to the previous period, but the market is still developing under control.
According to Mr. Linh, land plots located in the inter-commune concrete road area currently range from 3 - 8 million VND/m2. Locations along Ho Chi Minh Road or major traffic routes have common prices from 20 - 30 million VND/m2.
“Regarding the Sim Hill area, Cao Duong commune, some plots with beautiful locations are being traded around 60 million VND/m2,” Mr. Linh said.
Ms. Nguyen Thi Van Anh said she has just bought more than 1,000m2 of land in Luong Son to develop a weekend resort model.
The land has available residential land, lake views, cool climate and convenient connection with Hanoi. The current price is still reasonable compared to the potential, so many people are looking to Luong Son for homestay and farmstay," Ms. Van Anh shared.
Mr. Do Duc Hai said that thanks to its location bordering Hanoi, Luong Son always maintains its attractiveness in the regional real estate market.
According to Mr. Hai, the number of dossiers that the unit has received recently is still maintained at a normal level, about 50 - 70 dossiers per day. The most common are procedures related to land use right transfer between individuals, inheritance and donation.
