Cheap prices, handwritten sales
Possessing great advantages in nature, landscape and climate, Sa Pa National Tourist Area (Lao Cai province) for more than a century has strongly developed multi-dimensional tourism industries such as resorts, recreation and tourism. Thai, cultural discovery, exploration. Real estate prices have therefore also increased dramatically, even on par with some districts of Hanoi.
While many people regret missing the opportunity to invest in real estate in Sa Pa when prices have increased tenfold, many investors are interested in large plots of land on the outskirts of Sa Pa National Tourist Area. Pa.
Nguyen Hai - a real estate broker in Sa Pa - said: Land prices in Sa Pa inner city are currently very high, investment returns will be low. The profit potential now lies in areas such as Ta Phin, Ta Van, Muong Hoa, Lao Chai...
For example, Ta Phin commune (about 12 km northeast of Sa Pa town center), is surrounded by mountains and green valleys with an average altitude of 1,200 - 1,600 meters above sea level. . This is an area with a cool climate all year round, very suitable for ecotourism activities.
According to Nguyen Hai, Ta Phin real estate is divided into 3 areas including: Plots of land in the center of the commune that have been planned for residential land, with or without a book, with prices ranging from 5-20 million VND/m2.
Second, land on the edge of the commune center, with beautiful views and partial residential land planning with prices ranging from 1-5 million/m2.
Third, land 3km or more from the commune center ranges from 100,000 VND to 1 million/m2. These areas are suitable for long-term investment or for farms and garden houses.
“For example, this lot is 10,000 m2 wide, soft land, available water source, 5m wide road, connecting Sa Pa - Bat Xat, priced at only 400,000 VND/m2, and is located in a community tourism development area that is worth investing in with 4 billion VND", Nguyen Hai introduced.
Easy to buy, difficult to sell
The broker continued to take us to see the land plot with an area of 6,500 m2, including 1,000 m2 of residential land in Muong Hoa commune, just a few kilometers from the center of Sa Pa.
The plot of land is located right on the main road in a developing tourist commune, 5km from Topas Ecolodge resort.
"The owner is selling for 3 million VND/m2, very suitable for investment, easy to build a resort, good profit potential" - Nguyen Hai said.
Near the center of Muong Hoa commune, Hai introduced a land plot with an area of 1,900 m2, of which 400 m2 of residential land was listed at 4.3 million VND/m2.
Or a plot of land of 6,600 m2, of which 1,000 m2 of residential land, panoramic view of the valley of terraced fields and Su Pan - Muong Hoa - Sa Pa hydropower plant is sold at a price of 2.7 million/m2.
Continuing to survey in Lao Chai commune, nearly 20km from Sa Pa town center, the real estate market here is quite vibrant and sought after by many investors.
Giang A De, a motorbike taxi driver and tour guide, led us to a plot of land with a valley view of 3,000 m2 of terraced fields and a 50m frontage for sale for 12.5 billion VND (more than 4 million VND/year). m2).
According to A De, it is a masterpiece of land on the outskirts of Sa Pa, located on Provincial Highway 152, in a prime location with convenient transportation, located on the tourist route from Y Linh Ho, Lao Chai, Ta Van...
"Currently, it is land for growing perennial crops, but it is still possible to build Homestays, Rest Stops, check-ins..." - introduced by a H'Mong ethnic man.
In Ta Van commune, A De introduced a 4,000m2 plot of land with a beautiful view and a car to the place for 6.8 billion VND.
“This piece of land does not have a book yet, but the owner is in the process of converting 200 m2 of land for perennial crops to residential land. The cover will be released at the latest by the end of this year, then the price will be much higher" - A De added.
Talking to reporters from Lao Dong Newspaper, Dr. La Van Thai - real estate expert said that the transportation infrastructure in Sa Pa is increasingly improving with the Sa Pa airport construction project that will be formed in the near future. is a lever to promote the real estate market here.
The current trend is that investors ignore the central area of Sa Pa town and are interested in land in suburban communes because it is easy to buy and cheap, suitable for building homestays and garden houses.
However, land in villages is mainly agricultural land and production forests, so transactions can only be done in the form of handwritten papers and deeds.
Dr. La Van Thai recommends that investing in real estate with incomplete legal documents can cause many risks for buyers. Not to mention, many areas have not yet converted their land use purposes, so they cannot be built, and when they want to sell and recover capital, it is difficult. Therefore, investors need to be careful and consider carefully before "putting down money".
