With the scarcity of inner-city land and the increasing price of central land, many investors are turning to look for small, cheap plots of land in the suburbs of Hanoi. In Dong Anh, areas such as Tien Duong and Nguyen Khe have recorded many plots of land with an area of 40-60m2, with prices ranging from 40-60 million VND/m2, which are favored by many investors.
Mr. Nguyen Van Hung - an investor in Dong Anh - shared: "Around the beginning of 2024, I bought a 50m2 plot of land in Dong Hoi for 3.8 billion VND. At that time, the price was quite cheap compared to other areas in the district. Up to now, this area has increased in price by more than 20%. I am quite confident when investing in this segment because of good liquidity."
Soc Son also recorded the attraction of cheap subdivided land plots in communes such as Minh Tri, Minh Phu, Hien Ninh. With an average price of 15-30 million VND/m2 and a common area of 40-80m2, land plots in Soc Son attract investors with capital of 1-2 billion VND.
Many investors believe that small plots of land are popular because they have lower investment capital compared to other segments, are easy to trade, and have a lot of room for price increases.
Ms. Nguyen Thi Thu Ha, an investor in Soc Son, shared: "Last year, I bought an 80m2 plot of land in Minh Tri for 2.4 billion VND. At that time, I was very hesitant because Soc Son had not really developed. But when I realized that this area was still cheap and had good potential for price increase, I decided to keep it. Currently, the price has increased to 3 billion VND, and I think this is not the peak because this area still has a lot of potential."
In Hoai Duc, cheap subdivided land in communes such as Van Canh, Kim Chung and Lai Xa has also received great attention. With prices ranging from 35-60 million VND/m2, plots of land with an area of 40-70m2 near Ring Road 4 are attracting many investors.
According to experts, cheap land plots have the advantage of low capital, easy liquidity and high potential for price increase thanks to the accelerated infrastructure projects and the gradual formation of many large suburban cities. However, investors need to have a long-term plan and be careful in choosing the investment area to maximize profits and minimize risks.
As a person with many years of experience in the market as both a real estate broker and an investor, Mr. Tran Quang Dung (48 years old, Hanoi) commented: “The segment of land, subdivided land, and cheap plots of land has great appeal not only to long-term investors, but also to first-time investors. Many of my customers are looking for small plots of land, priced under 3 billion VND for medium-term investment. Some districts such as Dong Anh, Gia Lam, and Hoai Duc have great advantages from planning to become districts and the completion of infrastructure. Land prices in many places have increased by about 15-20% in the past 6 months."
However, Mr. Dung also advised investors to be more careful: "Because this segment attracts a large number of small investors, but along with that is the appearance of land with unclear legal status, or in the suspended planning area. Investors need to carefully check the planning information and red book before making a transaction."
