Hanoi land price record: VND 4 billion / sqm

The photo of a billboard selling more than 5sqm of land for VND20 billion is being transmitted quickly on social networks. This is the “utopian” price, because even the old town of Hanoi is less than VND 1 billion /sqm.

According to VietnamFinance, the billboard is owned by Mr. Luan (resident of Nguyen Van Huyen Street, Cau Giay District, Hanoi).

The plot of land with the length of 18.7m, the width of 0.28m, the total area of ​​5.3sqm and the “terrible” price is VND20 billion.

Hanoi land price record: VND 4 billion / sqm, more expensive than the old town.

It is known that land for sale on the formation during the clearance. Land prices in this route are currently ranging from 200-400 million/ sqm (frontage). Thus, the price he is proposing Luan is 10 times higher than the market price.

In order to better understand the sale of this land, VietnamFinance has contacted Mr Luan on the phone number on the billboard, but Mr Luan only briefly stated, “I have already resolved it.”

Finding the address of land plots for sale Luan Nguyen Van Huyen, PV recorded the billboard has been lowered. On the edge of the wall there is a notice: “The land is in dispute, not traded.”

The story of selling land plot 5sqm with “Luong’s price” of Mr. Luan made the public remember the same sale three years ago.

In 2015, Nguyen Phuong Cham family (located in Nguyen Van Huyen street, Quan Hoa ward, Cau Giay district, Hanoi) for sale wall length 10.85m, width 0.14m, area 1.7sqm with price VND1 billion.

The area of ​​this wall is remnants after the family of Mr. Chi has recovered most of the land area to serve the expansion of Nguyen Van Huyen.

The adjacent house just bought this wall will have the front of Nguyen Van Huyen. This is also the reason that he paid VND1 million.

“If I keep that wall, or rent it as a billboard, the land is of very low value. If you buy this wall, the land inside the value increase many times. If the value of VND350 million/ sqm, the land inside sold VND23 billion. Therefore, if they buy my wall VND1 billion is still cheap, “said Mr. Châm.

A similar sale was also taking place at Le Truc street. The family of Bui Thi Dung (8 Le Truc, Ba Dinh, Hanoi) sells a wall of 0.3m2 (0.1m x 3m). Although the area is not significant, but if “piece” of land was Le Thi Duyen (No. 2 Le Truc, Ba Dinh, Hanoi), then Ms. Duyen will be on the road.

Duyen said initially Dung “screaming” that wall VND500 million, then the two parties agreed and agreed to the price of 390 million.

However, compared with the past cases, the land price of Mr. Luan is the peak of 4 billion per m2. This is the “unprecedented price” in Hanoi.

You are reading the article Hanoi land price record: VND 4 billion / sqm in the Real Estate category at https://realestatevietnam.com.vn/.Any information sharing, feedback please email to contact.vietnamrealestate@gmail.com, Hotline (+84) 898 898 688 (24/7).

Special thanks!