Talking to Lao Dong, Mr. Le Thanh Trung (37 years old, a long-time land investor in Hanoi) informed that in early 2025, he was taken to see a 70 m2 plot of land in Hoai Duc district.
What surprised Mr. Trung was that although the land plot was located in an alley, the owner was offering a price of 70 - 100 million VND/m2, forcing him to "turn around" and postpone the purchase plan due to the high price.
"Searching for a plot of land under 50 million VND/m2 in the suburbs is gradually becoming difficult when the segment is at a high level, causing many investors like me to consider carefully before deciding to buy, waiting for the time when the market will adjust down" - Mr. Trung said.
Similarly, Mr. Trinh Huu Duc (45 years old, living in Thanh Xuan district, Hanoi) said that at the end of February 2025, he and his family went to see a 60 m2 plot of land in a 3 m wide alley in Thanh Oai district, this plot of land was advertised for sale at 80 million VND/m2.
According to Mr. Duc, many plots of land in the suburbs are having high selling prices, investors like him often tend to look for plots of land with low starting prices with the expectation of price increases in the future.
Mr. Vu Thanh Tung (real estate broker in Hanoi) informed that in 2024, land prices in the suburbs have continuously increased following auctions. In early 2025, some landowners continued to increase expectations so they raised selling prices. However, it has been very difficult to trade land recently because the price is too high.
According to Mr. Vu Thanh Tung, many customers buying land in the suburbs of Hanoi at this time are mostly people with idle cash flow, intending to move their place of residence, do business, and invest in land for the long term following the wave of planning and infrastructure. However, at the current price, they also have to consider carefully before deciding to buy.
Real estate experts analyze that the increase in land prices in the suburbs of Hanoi has many factors, the suburbs are being heavily invested in transport infrastructure and urban planning, creating great attraction for investors.
Although land prices are high, many investors are still cautious. They are concerned about the possibility of the market being able to adjust in the coming time, especially when land prices have exceeded the affordability of many people.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that cash flow tends to shift, looking for new segments and markets.
Experts say that recent market developments show that this shifting trend is gradually taking shape and is quite clear. The group of financial customers has begun to shift to looking for new land because they have almost no opportunity to invest in the Hanoi market when the prices of real estate, apartments, villas, and townhouses are all too high.
