Difference and potential of land prices in provinces and cities before the merger

Clear differentiation

According to the announcement from Biggee Company, a real estate information analysis platform established in 2021, the average land price list of 63 localities across the country at present is divided into many groups.

The group of provinces and cities with the highest land prices in the country include: Hanoi with an average price of 220 million VND/m2; Ho Chi Minh City with an average price of 200 million VND/m2; Hai Phong with 112 million VND/m2; Can Tho with 111 million VND/m2; Khanh Hoa with 109 million VND/m2; Ba Ria - Vung Tau with 90 million VND/m2.

These are economic and tourist centers or have high urbanization rates, leading to increasing competition and land values.

Average land prices in provinces and cities before the merger were clearly differentiated into groups.

The group of provinces and cities with average land prices include: Hue with an average price of 60 million VND/m2; Da Nang City with 57 million VND/m2; Dong Nai with 50 million VND/m2; Binh Duong with 43 million VND/m2; Binh Thuan with 40 million VND/m2; Hai Duong with 38 million VND/m2; Hung Yen with 34 million VND/m2; Thai Binh with 33 million VND/m2; Bac Ninh with 31 million VND/m2; Kien Giang with 30 million VND/m2; Quang Ninh with 29 million VND/m2; Long An with 26 million VND/m2.

Areas with mid-range land prices are mainly developing provinces with gradually completed infrastructure and attracting investment. This is a group of provinces with strong growth potential in the coming time, especially when regional planning and public investment continue to be implemented.

The group of provinces with low land prices includes the Northern mountainous provinces and the Southwest region. This group has limited infrastructure, low population density and low transaction demand.

However, there are still differences, such as Kien Giang (VND 30 million/m²) and Lao Cai (VND 22 million/m²). Thanks to the tourism advantage, land prices here far exceed the general level of the region.

Provinces such as Lang Son, Cao Bang, Yen Bai, Lai Chau, Tuyen Quang, Ha Giang, Dien Bien, Son La, Kon Tum currently do not have clear transaction data. Therefore, Biggee only records reference prices according to the land price list of the local People's Committee, ranging from 5-8 million VND/m².

Important data for reference

The average land price cannot fully reflect the complexity and fluctuations of each locality. Even in a big city like Hanoi, land prices can be only from 5-10 million VND/m² in suburban districts such as Me Linh, Ung Hoa, Thach That... but there are also places that exceed 1 billion VND/m² such as in the Old Quarter, the center of Hoan Kiem district.

However, when comparing between provinces and cities, the average figure is still the most effective way to grasp the overall picture, helping investors, people and authorities have a more strategic perspective on resource allocation and development planning.

According to Biggee representative, the land price map of 63 provinces and cities is not only a slice of the current real estate market, but also clearly reflects the difference in development levels between regions.

As the project to merge provinces and cities is implemented, these differences need to be carefully considered to ensure balanced and sustainable development.

Mr. Nguyen Vinh, a freelance real estate investor, said: Each land area and each price level provide valuable information. Localities with high average land prices have reasons, room and opportunities for high-priced investment.

But with low average land value, it is suitable for the ability and investment preferences, the budget of those who are looking for the opportunity to own reasonable real estate and wait for the right time. But no matter what segment you want to invest in, the average land price list is necessary for each investment decision and market assessment.

In addition, Ms. Le Hoang Linh, working in the marketing department of the Hanoi real estate trading floor, shared: Land price lists in provinces and cities are important data that the floors use as reference data, comparison, and evaluation of fluctuations over time, over times with sudden reasons.

That is also the basis for investors and consultants to decide on new selling prices, deciding the success or failure of new projects when launched.

The authority to issue and publish land price lists belongs to the Provincial People's Committee after being approved by the Provincial People's Council.

When merging provinces, the old provincial People's Committees no longer exist, and a new provincial People's Committee will replace them. This means that the new provincial People's Committee must develop and issue a new land price list, replacing the old land price list after the merger.

According to the 2024 Land Law, the land price list is built according to two methods: By area, location and by land value zone, standard land plot. Before the merger, each province had its own way of dividing land price zones, based on socio-economic conditions, population density, development potential, etc.

After the merger, the new province must redefine land price areas, especially border areas between old provinces, to ensure consistency. This may change land prices in some areas, especially where there was previously a large difference between provinces.

If an area becomes a new administrative center, land prices there may increase due to the need for infrastructure investment. Conversely, areas that were once centers but no longer play this role may see land prices decrease.

According to baoxaydung.vn

Source: https://baolaocai.vn/chenh-lech-va-tiem-nang-gia-dat-cac-tinh-thanh-truoc-khi-sap-nhap-post401464.html