Land prices recovered
According to VTV, townhouses, villas under the project as well as residential land, houses in alleys and corners gradually recovered, increasing in price again after a period of deep decline.
Through the survey, about 72% of residential land transactions are concentrated in 6 central districts, including: Ha Dong, Nam Tu Liem, Long Bien, Gia Lam, Hoang Mai, Bac Tu Liem. These are districts with diverse housing supply and more attractive price levels than inner-city districts.
Notably, land in some peri-urban districts that are heavily speculative, such as: Thach That, Dan Phuong, Dong Anh, Hoai Duc, Ha Dong, Me Linh, Gia Lam... no longer have to sell at a loss like in the beginning. last year. Land prices began to move sideways from the end of the third quarter of 3 and have now increased again, but market liquidity is still not vibrant.
Townhouses, villas under the project as well as residential land, houses in alleys and niches gradually recovered, increasing in price again after a period of deep decline. Illustration photo from the internet
For example, land for the Ha Phong, Cienco5 project (Me Linh district), at the end of 2023, was priced at only 30 - 32 million VND/m40. Now in beautiful locations, customers pay 42 - 2 million VND/m45, the landowner does not want to. sell, wait for further price increase. Land in small alleys accessible to cars in communes: Dang Xa, Co Bi, Kieu Ky, Duong Xa (Gia Lam district) maintains the price of 50 - 2 million VND/m100; In some locations on major roads, prices are still flat at 120 - 2 million VND/mXNUMX.
In Hoai Duc district, in locations that can do business such as Van Canh, An Thuong, Di Trach, La Phu, Kim Chung..., the average price is 60 - 75 million VND/m2. Residential land in Binh Yen commune (Thach That district) is also from 17 - 20 million VND/m2 in a beautiful road surface location in the village, an increase of 3 - 4 million VND compared to 2 years ago...
Also at this time, land auctions in some districts recorded winning prices at a high level compared to the starting price; Some beautiful locations, prices even double. Specifically, in Dong Anh district, on March 31, the district successfully organized an auction of 3 plots of land in areas LK40 - LK3 in Thuy Lam commune. With an area of 4 - 87,5 m140, starting price is from 2 - 23,5 million VND/m24,5, winning price is from 2 - 42 million VND/m59,5. The total amount collected is more than 2 billion VND, a difference of 170 billion VND compared to the starting price.
From the beginning of the year until now, Me Linh district has also auctioned nearly 100 plots of land with winning prices from 20,6 - 56,1 million VND/m2 (starting price from 19 - 27 million VND/m2). The total auction winning amount is over 130 billion VND, 60 billion VND higher than the starting price...
Experts say that real estate prices in Hanoi are being pushed up in all segments and many areas to create "waves". Currently, many houses in alleys in some districts are for sale for hundreds of millions of dong, even higher than houses on the street, which is unreasonable.
The inner-city real estate segment is always in real demand, so price increases are inevitable; However, the inner-city districts have formed a price level and it is difficult to have a high increase margin, because according to statistics in the past 3 years, the increase has been about 40%. High and sudden increases are only in districts such as Long Bien, Ha Dong, Nam Tu Liem or areas preparing to become districts such as Dong Anh, Hoai Duc, Gia Lam, Thanh Tri.
Why do real estate prices increase sharply?
According to LaborAccording to real estate experts, the residential real estate segment in the inner city of Hanoi has not been affected much by increasing or decreasing market trends.
Many opinions say that apartment prices have increased too high compared to the income of the majority of the population, so customers have turned to residential land. However, due to scarcity of supply, house prices have been pushed up higher than they actually are.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - said that the recent sharp increase in housing prices is due to many projects having problems with policy mechanisms, legal procedures on bidding, The auction lasted for many months, causing the project to not be completed on time. Along with that, the preparation for implementing the land price list according to market prices is also the reason for the price increase.
"While supply is not enough to meet demand, there is a huge flow of foreign exchange flowing into real estate investment, so it is necessary to promote the openness of policy mechanisms for businesses to develop," Mr. Diep said. .
Dao Vu (Th)
