Latest News about land price
According to the Vietnam Real Estate Brokers Association, land prices have risen quickly, 10% a month on average. In some places, it has increased 2-3 times in just 1-2 months.
Land prices recently soared by VND30-50 million per square meter in some places, but the number of successful transactions was modest.
Land prices in the HCM City suburban district of Can Gio have been soaring following the news that Can Gio will become an inner city district, or a city in the future. The local authorities have prohibited civil servants from acting as land brokers.
The Ministry of Natural Resources and Environment has told local authorities to inventory land and report on land use.
The market often cools down when periods of "land fever" end, but then new higher price levels reoccur later.
The real estate market remains feverish not because of high demand and short supply, but because of speculation, experts have said.
Investors pourin money into real estate seeking profits from land price increases have not attached much importance to the surplus value from production and business, which seriously affects the economy, experts say.
Real estate speculators have been exploiting urban expansion plans to push up prices beyond the real value, according to the Ministry of Construction (MOC).
The land rent in industrial zones has seen a year-on-year increase of 20-30 percent, according to CBRE Vietnam.
The HCMC government is studying a general plan for Thu Duc City with an area of more than 21,000 hectares to boost its transit-oriented development, green traffic and flood control.
The real estate market of Phu Quoc in the Cuu Long (Mekong) River Delta of Kiên Giang was forecast to be robust as the island district has just been given the green light to be upgraded to the country’s first island city in March this year.
The sharp increase in the land price framework for the 2020-2024 period will have an adverse impact on the investment environment of many localities, experts have warned.
The Da Nang land market has been in a crisis for many reasons.
Contrary to real estate investors and businesses’ expectations, one year after the Formula 1 race track kicked off, the real estate market in Hanoi remains at a standstill.
With COVID-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Vietnam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted.
The real estate market was lackluster last year. The land fever in early 2019 was followed by a sharp decline in supply and the number of transactions.
After a hot development period, resort real estate is facing challenges because of an oversupply of villas and condotels.
The Ministry of Finance (MOF) in 2018 granted government guarantee to two power projects developed by EVN and PetroVietnam (PVN) with the total value of $1.6 billion.