Hanoi stipulates 9 factors for determining land prices.

According to the Decision, the applicable subjects include: Land management agencies; agencies and individuals authorized to determine, appraise, and decide on specific land prices; land valuation consulting organizations and individuals practicing land valuation consulting; and other relevant organizations and individuals.

Factors affecting land prices, criteria for forming factors affecting land prices for analysis, determining a certain level of similarity, and adjustments of each factor affecting land prices between the appraised asset and the comparable asset for non- agricultural land, include:

1. Location of the land plot: Distance in order of priority to: Administrative center; commercial center; education and training; parks, entertainment areas; markets, medical facilities (according to the location and current status of the Project, land plot). Adjustment difference: not exceeding 5%; Land price according to the City's Land Price Table (according to the location of the Project, land plot). Adjustment difference: not exceeding 15%.

2. Traffic conditions: Type of road (asphalt, concrete, earth, and other road structures) adjacent to the Project, land area, or plot of land, according to the current situation at the time of land valuation. Adjustment difference: not exceeding 5%. Width of the road (including sidewalks) adjacent to the Project, land area, or plot of land. Adjustment difference: not exceeding 10%. Number of adjacent roads of the Project, land area, or plot of land (including roads and alleys). Adjustment difference: not exceeding 5%. For cases of estimating the transfer price of land or individual houses: The land valuation organization shall conduct surveys, collect data, and evaluate additional criteria regarding the cross-section of internal roads (if any) adjacent to the plot of land according to the approved plan. Adjustment difference: not exceeding 5%.

3. Conditions regarding water and electricity supply: Is the water and electricity supply in the area stable or unstable? Adjustment difference: not exceeding 5%. Flooding situation during heavy rainfall. Adjustment difference: not exceeding 5%.

4. Area, dimensions, and shape of the land plot: Area and shape of the land plot. If the property being valued consists of multiple land plots similar in location and shape, the area of ​​the representative land plot shall be taken as the average area of ​​the land plots being valued. Adjustment for difference: not exceeding 10%. Frontage and depth of the land plot (average dimensions in the case where the property being valued consists of multiple land plots similar in location and shape). Adjustment for difference: not exceeding 5%.

5. Estimated cases: Transfer price of apartment units; Rental price of high-rise apartments; Rental price of commercial and service space, offices in mixed-use buildings: Conduct surveys, collect data, and evaluate based on the criteria of apartment area and rentable floor area (for assets valued based on average area). Adjustment for difference: no more than 10%.

6. Factors related to construction planning: Land use coefficient, building density. Adjustment difference: not exceeding 5%. Number of floors and basements. Adjustment difference: not exceeding 5%. For hotel businesses: The organization determining land prices shall conduct surveys, collect data, and evaluate additional criteria: Number of rooms, hotel service standards (star rating). Adjustment difference: not exceeding 5%.

Current environmental and security conditions: Dust, noise, air and water pollution; proximity to cemeteries and waste treatment facilities. Adjustment difference: no more than 5%. Population density and security status of the area. Adjustment difference: no more than 5%.

7. Land use term: The remaining land use term for the Project. Adjustment difference: not exceeding 5%. For residential land and apartments for sale (long-term use term): No adjustment.

8. Other factors affecting land prices, consistent with local conditions, cultural traditions, and customs, include: scenic spots; temples, pagodas, and shrines; and traditional craft villages. The adjustment rate for price differences shall not exceed 5%.

9. Factors affecting land prices for agricultural land include: Crop and livestock productivity. Adjustment difference: not exceeding 20%. Location and characteristics of the land plot/area: closest distance to production and consumption sites. Adjustment difference: not exceeding 20%. Transportation conditions serving production and consumption: road width, class, surface structure; topographical conditions. Adjustment difference: not exceeding 20%. Land use duration, except for agricultural land allocated by the State to households and individuals according to the agricultural land allocation limit, and agricultural land within the transfer limit, which is not based on land use duration. Adjustment difference: not exceeding 20%.

Other factors influencing land prices are consistent with local realities, cultural traditions, and customs: Based on the actual situation, the consulting organization will determine the specific proposed land price in the explanatory report on the land price plan. The adjustment difference shall not exceed 20%.

This decision takes effect from September 16, 2024. Previous regulations of the People's Committee of Ho Chi Minh City on determining specific land prices are no longer in effect from the date this Decision takes effect.

Source: https://kinhtedothi.vn/ha-noi-quy-dinh-9-yeu-to-xac-dinh-gia-dat.html