Land in 2 districts in Hanoi skyrocketed, prices exceeded 100 million VND/m2

Research by Lao Dong reporter, the land segment in the suburbs of Hanoi city such as Dong Anh, Hoai Duc district… has continuously increased in recent times, making many people feel sad after hearing the price quote from the owner. feel dizzy.

Ms. Le Thi Linh (selling a piece of land in Vinh Ngoc commune, Dong Anh district, Hanoi) informed that because there is no need to use it, her family is selling a 200m2 plot of land for nearly 24 billion VND. equivalent to 120 million VND/m2.

“The land plot is large, located along the main road of Vinh Ngoc commune (Dong Anh district), so it has very high potential for price increase. Since there was information that the district was about to become a district, especially the smart city project announced for development. declared, land prices in Vinh Ngoc commune have continuously increased” – Ms. Linh said.

Similarly, Mr. Le Van Kien (selling a plot of land in An Thuong commune, Hoai Duc district, Hanoi) said that currently, he is selling a 173m2 plot of land in An Thuong commune for 23 billion VND, equivalent to equivalent to nearly 133 million VND/m2.

According to Mr. Kien, although located on the outskirts of Hanoi, due to increasingly improved planning and transportation infrastructure, many urban area projects have moved to the Tay Mo area (Nam Tu Liem district), An Khanh commune (Nam Tu Liem district). Hoai Duc district) causes the land segment here to continuously increase.

Statistics on the real estate consumer psychology index (CSS) of the website Batdongsan.com.vn in the first half of 2024 show that, out of 1,000 survey participants, 65% said they would continue to Buy real estate in 2024.

Notably, among the 65% of people who will continue to buy real estate in 2024, about 1/3 of people are interested in land.

Information from One Mount Real Estate (Onehousing) Center for Market Research and Customer Understanding shows that the transfer transaction market in Hanoi in the first quarter of 2024 mainly comes from residential transfer transactions with nearly 50% of the total market transactions, high-rise apartment transfer transactions ranked second with nearly 42% of transactions.

According to Mr. Dinh Minh Tuan – Director of Property Guru Vietnam, land prices in some areas have adjusted but the market is facing problems related to capital and loan interest.

Therefore, only markets related to infrastructure fluctuations recorded faster recovery. Other areas, especially land in small provinces, still face many difficulties.

Talking to reporters from Lao Dong Newspaper, Mr. Nguyen The Diep – Vice President of Hanoi Real Estate Club – commented that the apartment and social housing segments currently have many problems in policy mechanisms and resources. force, that is the reason people return to the land.

Experts say that investor demand for the land segment is still very large, but psychological barriers, risk factors, and profit margins make many people still cautious before making a decision.

People investing in land should note that they should not buy land based on planning information or if they invest, they must calculate and consider carefully, choosing locations and areas with high implementation prospects to reduce Minimize future risks…