Mr. Nguyen Van Duc (46 years old, a long-time land investor in Hanoi) said that the price of land plots that have been divided into suburban areas of Hanoi has been continuously pushed up, some places have increased in price by tens of millions of VND/m2 in just a few months.
According to Mr. Duc, many people recently tend to resell apartments, leaving the cramped inner city to go to the suburbs to find a more spacious and airy living space. Notably, ecological urban areas and suburban residential areas are "growing up" a lot, causing the demand for land in suburban communes to increase.
For example, land prices in Dong Anh commune are recording a clear increase. A plot of land separated from a plot located near Co Loa with an area of 80m2 is being advertised for sale at 14.64 billion VND, equivalent to 183 million VND/m2. According to the survey, this price has increased by nearly 10% compared to November 2025.
Similarly, in Thuong Tin commune, the price of land for subdivision from October 2025 to now has increased by 10 - 15%, ranging from 120 - 140 million VND/m2.
A plot of land with a frontage of 5.5m, a red book area of 69m2 at the beginning of the year, advertised for sale at VND8.3 billion, is now being offered for sale at VND8.7 billion, equivalent to VND126.09 million/m2; Another plot is located next to a large road with an area of 60.2m2, with an asking price of VND8.43 billion, equivalent to VND 140 million/m2.
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 the shift trend of investors is gradually taking shape and is quite clear. The group of financial customers has begun to shift to looking for new suburban land because they have almost no opportunity to invest in the central market of Hanoi when the prices of real estate, apartments, villas, and townhouses are all too high.
Data from the website Batdongsan.com.vn analyzed that in the past 5 years, Hanoi has led the country in real estate price increase with 112%, while Ho Chi Minh City is 42%.
The monitoring report of the National Assembly's Economic and Financial Committee at the 10th session clearly stated that real estate prices in Hanoi and Ho Chi Minh City have increased rapidly, ranking in the top 8 out of 220 major cities in the world in terms of the high cost of real estate compared to income.
It is worth mentioning that the land price level is being unusually raised not because of real housing needs but because of "uchinery, hoarding" and especially the way land prices are calculated based on comparison with auctions or surrounding "hot" projects, causing prices to always "follow" the previous price, creating an uncontrolled price increase spiral.
The Hanoi Department of Agriculture and Environment has just submitted a draft on the development of the first land price list to be announced and applied from January 1, 2026. In particular, the proposed increase in residential land prices is concentrated in suburban communes with an increase of 20 - 26% depending on the area.
