According to information about the construction of Ring 4, land prices in the suburbs of Hanoi “surge”
According to the design plan, the investment project to build Ring Road 4 – Hanoi Capital Region passes through 3 provinces and cities: Hanoi, Bac Ninh, Hung Yen, where the section that passes through Hanoi lasts 58 minutes. through 7 districts: Soc Son, Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, Thuong Tin and Ha Dong.
PV has surveyed the real estate market in the districts traversed by Ring Road 4. In particular, real estate in the Hoai Duc area has increased by 25-40% in the 2020-2021 period. Information about the implementation of the Ring 4 route has made the price of land in many places in the Hoai Duc district for sale increase by 10-20 million VND/m2 compared to the beginning of 2021.
In this district, the price in the area where Ring Road 4 fell is 40-80 million VND/m2. The most expensive area in the district costs 130-150 million VND/m2.
The housing market in the Dan Phuong district is also interesting with lots of buying and selling information. The number of houses for sale in the district has increased sharply in recent years. Land prices in this area also increased by 15-20%/year. On the main road area next to the Dan Phuong district intersection, the price is 60 million VND/m2. The most expensive price in Dan Phuong district is located in Phung city at 130-150 million VND/m2. The second most expensive area with a price of 130-140 million VND/m2 is located near the Vinhomes Wonder Park project.
Furthermore, with Thanh Oai district, attractive real estate deals located in the urban area of My Hung. The central land price is from 80-100 million VND/m2. The price of the Ring 4 area fell to 45 million VND/m2.
In the Thuong Tin district, the most expensive land is 290-300 million VND/m2 in the vicinity of the Dem craft village area. The lowest point of Ring 4 in this district is the lowest point in prices at the level of 17-30 million VND/m2.
In the Ha Dong district, land prices are no longer cheap, transactions are also quite active. Land prices in this district range from 160-250 million VND/m2.
The real estate market in the Me Linh district is quite active these days. Investors flock here to “hunt” land, especially in the Ap Tre area. The most expensive price in this area ranges from 60-70 million VND/m2 near the district administration area.
This district holds a lot of potential such as the passing Ring Road 4 road, the expansion of Me Linh road, CEO CEO, HUD will be for sale soon.
As for Soc Son district, land prices are still low, in Minh Tri commune, prices range from 6-14 million VND/m2. The price point up to the Ring 4 area is 30-33 million VND/m2.
Ta Minh – an investor on the outskirts of Hanoi said: “With the districts through which Ring Road 4 passes, there are Thuong Tin, Quoc Oai, Hoai Duc, Soc Son, which are low-priced places that investors are interested in. Anyone who wants to “eat” accordingly plan should take into account.
In particular, in two areas, Thuong Tin, Soc Son; investors easily “eat” two, three times. However, in these areas, it is necessary to determine medium-term (from 2-3 years) and long-term investments to achieve expectations.
It is important to consider reasonable investment issues
Transport infrastructure is always a lever for real estate, a complete transport infrastructure will help increase land values. With the transportation infrastructure connecting the area, it creates more momentum for the connected regional real estate market.
The investment project to build a 4-region ring road in the capital city of Hanoi is an important project to develop transportation infrastructure, improve connectivity, create dynamics, and create spillovers between regions. cities in the Capital region, the Red River Delta and the North’s key economic region.
According to Mr Nguyen Van Dinh, Vice Chairman of the Vietnam Realtors Association, investment in transportation connections will make real estate prices rise the most.
However, the increase in real estate prices must match the increase in real investment to create value in infrastructure, in terms of life and services for connected areas, and wherever the investment is, the value will increase. Real estate prices increased at the beginning of the period when plans were announced, the planning was right, but too many increases were not uncommon.
Su Ngoc Khuong – Senior Director of Savills Vietnam.
Su Ngoc Khuong – Senior Director of Savills Vietnam said that investors who “eat” according to the plan need to consider reasonable investment issues, especially in terms of using financial leverage. If the growth rate of real estate prices is lower than the financial costs that investors have to bear, it will be dizzying.
In addition, investors should note that the master plan may also change from time to time, depending on microeconomic adjustments. Transport infrastructure work will also depend on this adjustment. After 5-10 years, planning can be changed, updated, repeated. Therefore, investors need to be careful in considering investment in infrastructure.
From an expert point of view, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, said that when determining the infrastructure “wave”, investors need to focus on information accuracy, long-term investment, and not all projects. on schedule. If they are not informed, the public and investors should not follow the “fever” but rush to speculate, save the land, and take big risks.
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