Sai Gon Real estate: The land price in Cu Chi increase heat

Saigon – Cu Chi real estate market can return to the virtual fever timeFrom information about the super project of “island princess” Tuan Chau upcoming appearance in Cu Chi. Land prices are being pushed up by brokerage rapidly and risk returning to the previous fever.

According to the survey, the price of Cu Chi houses in the areas adjacent to District 12, Hoc Mon and Binh Duong, … District Administrative Center or along the Saigon River has a very rapid growth, from the beginning of the year to now there are nearly 70%

Cu Chi land prices are increasing speed uncontrolled. Can turn to the virtual fever

Land prices rise day by day, hourly

Information about the big projects to be built in Cu Chi has prompted speculators to gather land. Hand trading on the market more, over many times such transactions land prices can increase by 30-50%.

Even in a week, land prices could rise to 70%. In many places prices fluctuate hourly, only after one night prices were different from the day before.

Learn about a land plot of 6,500 sqm, 60 m wide and 103m in front of Nguyen Thi Rien street. The land area at that time of the year is about VND90 million / horizontal meters. But at this time the price has a peak at VND130 million/ horizontal meters, the plots were pushed up VND140 million / horizontal meters.

Immediately, agricultural plots were pushed up several times. Mr. Pham Ba Chanh, a resident of Trung Lap Ha Commune, offered to sell 5,000 square meters of agricultural land at VND3.5 million / sqm. This price is said to have been pushed up twice compared to last month. And Mr. Chanh also confirmed that prices will increase again if not buy fast.

Brokers analyze the current situation of the Cu Chi market: “If you are not familiar with the procedures for changing land use, then buy and sell to make a profit. The next buyer will sell to the next and at some point. There will be people investing in infrastructure to get permission from the authorities to convert into residential land. “

Agricultural land in Cu Chi also pushed up prices several times higher. And it is expected to increase in the near future

According to Mr. Tuyen, only about a month ago, the average land price for large plots of land was not only VND2-3 million /sqm, but also in some places. Nguyen Nhu Tuyen – Director of real estate company He said. From the end of last year, the real estate market in Cu Chi was very active. In addition to the local people, customers in other places, especially in the inner city and Hanoi guests also come here to buy quite a lot.

The land segment on the center line of the commune, the price is only around VND3-8 million/sqm.

“However, the current land price has far exceeded that, at this time prices have risen about 40% – 50%. Even the area surrounding the Sai Gon Safari project has increased to 70%, because of the demand, but the supply is very little, “he said.

Many real estate experts say that the price of Cu Chi land is so fast that it is certainly virtual. The reason is that prices are pushed up so fast because most speculators often spread the deposit to keep the land. Then whoever needs it, they sell the pile and take the fine.

Proceeds from the project create more income for the land stork

The project of “island princess” Tuan Chau is just a proposal that the business put forward. But it makes Cu Chi the focus of real estate investment. Those who have land in Cu Chi are in a dilemma – just happy and anxious.

Happiness is that if the project is real and implemented, the probability of high land prices is enormous. But it is not known if the project is really as expected to land sustainable prices.

Mr Tuan, a resident of Go Vap District, has 4,000 square meters of Cu Chi land. Continuing for nearly a month, he received an offer every day for his land.

“At first people only pay a low price, then the price goes up. Some neighbors in the area also repeatedly received suggestions from the land, “Tuan shared.

By the risk of catching up with the planning is 50%. It is not only risky if changes in policies but also depends much on the market factor, capacity of the business. To the real estate business, the story welcomes planning is a really big opportunity. In fact, many people have changed their lives because they received the right plan. On the contrary, there are also many “dead standing” because of wrong reception.

According to Le Hoang Chau, chairman of HCMC Real Estate Association, HCM City real estate business has many lessons learned about investing in land under the project. The proposed project is one thing, it is possible to do it or not.

Previously, also because of race to welcome the super-wave projects that the urban wilds like Nhon Trach, My Phuoc, … new formation as today.

Nowhere in the market, Cu Chi has had similar incidents because the information has not been verified. Hope this land fever, buyers and sellers are calm and careful to avoid getting into the tracks before.

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