Clarify The “Land Fever” In Dong Anh, Ha Noi

Currently, land prices in some communes of Dong Anh district (Hanoi) are on the rise. However, real estate experts estimate that this is a normal increase and buyers are just exploring, not opening up piles of land as loudly as rumors.

Ask a lot, but still consider

Sharing with reporters, Mr.Hợi in Vinh Ngoc commune, Dong Anh district, who is in the “fever” of the current land and sells a piece of land about 100 sqm said in several months before, land prices around the Nhat Tan Bridge – Noi Bai will only increase by 10-15%, with new beautiful locations increasing by 20 – 30% compared to the end of 2016.

Specifically, the price of beautiful road surface, near the Nhat Tan Bridge price ranges from 30 to 40 million sqm, while in the lane ranges from 15 to 25 million sqm.

Dong Anh zone, Ha Noi capital

“People keep asking price rumbling, but the reality is not so, people ask a lot, but also considerate, hesitant,” said Hoi.

Anh Hung (Thai Binh countryside), who buy land in this area, said that the family needs real living, but also are exploring the price. Many landlords challenged the high price of 660 – 1320 USD / sqm, but there was less room, so he did not know how to decide.

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Mr. Nguyen Van Xuyen, real estate broker in Dong Anh district also said that in Dong Anh district, the land price is only increasing in Ngoc Chi village, Vinh Ngoc commune, other areas, the price is not many fluctuations.

According to Mr. Xuyen, the reason land in Ngoc Chi village, Vinh Ngoc increased in recent years is due to the border of Nhat Tan bridge. Currently, from the center of Dong Anh district to the area of Buoi Road, Hoang Quoc Viet Street, or West Lake only takes 15 – 30 minutes by motorbike. In particular, the area “golden land” of West Lake with many outstanding facilities are very attractive buyers.

In the same opinion, representative of Hai Boi Commune People’s Committee, localities are also increasing the price of land, said recently, some land plot in the beautiful location is sold at about 30 million sqm, average price of residential land sold by the people varies from 528 USD to 880 USD depending on the location.

Le Xuan Binh, former head of urban management department of Dong Anh district, said that in addition to the advantages of geographic location and land, a series of real estate giants such as Sun Group, Vingroup, Becamex ITC poured trillions of dong into Dong Anh with high-profile projects such as Asia’s largest National Exhibition Center in Dong Hoi, Kim Quy Cultural Tourism & Entertainment Park In Vinh Ngoc Commune, Tien Duong Commune, Software Park in Tien Duong Commune, Nguyen Khe Commune …, also causes the real estate here are more interested.

Choosing carefully before buying

In assessing the real estate market in Dong Anh, Ms. Do Thu Hang, Director of Savills Research and Consultancy Hanoi said that a number of important traffic works in Dong Anh area have been put into operation Together with large projects “landing” has led the area to attract investors. Therefore, real estate prices sticking to the planning spindle increase is easy to understand.

“However, investors should be cautious, should not invest in crowd psychology when the planning is unclear. For plots with clear red book and clear plan, it will be assured, but the land is unclear planning, investors need to be careful before buying, “she recommends.

Real estate brokerage in Dong Anh district also said that in Dong Anh district, land prices are only rising in Ngoc Chi village, Vinh Ngoc commune, and other areas, prices are not much fluctuations.

Economic expert Dinh The Hien admitted that there is a wave of investors on the ground. There are many reasons, especially psychological love to have “land plots” of people. In addition, information on infrastructure, “super project …, also create effects that increase land prices.

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“Many buyers think that new land plots are right because prices are rising. However, buying land is mostly speculation, so it should be noted that it may slow down when investors find the ability to exploit difficult. Then, land prices will quickly cool down, said Hien.

Real estate experts advise, when buying land to pay attention to the legality of the project, the land, see the approved 1/500 project and the owner has the book, paid land use yet. On the other hand, the commitment of the investor about the infrastructure and the reality of the investor is being implemented … all must be clearly stated on the contract, not just the “promise”.

In addition, it is necessary to check whether the investor is a reputable investor on the market and most importantly, the buyer needs to verify the information by himself carefully to avoid unfortunate risk.

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