Since the end of 2024, when many investors are still waiting, the land market in some northern areas has shown clear heat in districts and suburbs of Hanoi such as Dong Anh, Hoai Duc, Gia Lam, or neighboring provinces such as Bac Ninh, Hung Yen.
According to a survey by Lao Dong Newspaper reporters, in Dong Anh district, the average price of land is 40-60 million VND/m2, some areas near major roads or densely populated areas have higher prices. Even many plots of land in communes such as Hai Boi, Vinh Ngoc... are being sold by owners for over 100-150 million VND/m2.
Similarly, in Hoai Duc, land prices in some places have exceeded 50 million VND/m2, especially in areas near major transport projects such as Ring Road 4. In Dan Phuong district, land in some areas such as Tan Lap and Tan Hoi streets costs about 55-65 million VND/m2, an increase of about 20% compared to early 2024.
Meanwhile, in Bac Ninh and Hung Yen, areas near large industrial parks have witnessed significant increases thanks to benefits from mega-urban projects such as Ecopark, Vinhomes Ocean Park, Hung Yen - Thai Binh expressway, etc. Provinces such as Bac Giang, Hai Duong, Phu Tho, Hoa Binh, etc. have also benefited from the wave of infrastructure investment and the heat of the Hanoi market.
Mr. Nguyen Van Hung, a real estate investor in Hanoi, shared: "The land market in areas with infrastructure projects or urban planning always has good potential. In early 2024, I invested in a 100m2 plot of land in Dong Anh for 4.8 billion VND. Up to now, when I put it up for sale, the broker has reported that someone is willing to buy it back for more than 5.2 billion VND."
Experts say that the driving force behind the sharp increase in land prices in some areas of the North is due to many factors, partly due to the gradual completion of real estate policies; large infrastructure projects being accelerated; the heat of land auctions and the psychology of waiting for the market to recover in 2024 also caused a large amount of idle money to be poured into land areas with higher profit potential.
However, experts have repeatedly warned investors to be extremely cautious, avoiding price "fever" and the crowd psychology effect. Because real estate investment is a long-term game and is not for those who lack preparation and knowledge.
From the perspective of a real estate broker, Mr. Tran Minh Quang, who has more than 10 years of experience in Hanoi and neighboring provinces, commented: “The current land market is reflecting very rapid changes from the demand side. At the end of 2024, the number of land transactions in areas such as Dong Anh, Hoai Duc, and Bac Ninh increased significantly. In particular, many individual customers are willing to buy because they expect prices to continue to increase thanks to new infrastructure and urban development potential. However, this also leads to a situation where the asking price is sometimes pushed higher than the actual value of the area."
Mr. Quang also noted that investors need to carefully select projects or plots of land to avoid getting stuck when the market adjusts. “With plots of land with clear legal status, near areas that directly benefit from infrastructure, investors can expect stable returns. However, if they follow rumors or trends, risks are very likely to occur. We always advise customers to carefully consider liquidity before deciding to invest," he shared.
