Selling a land plot of 4 billion, equivalent to the price of a high-class apartment in Hanoi
“Country land is very expensive now! Want to buy a good plot of land, to build a spacious house, it takes billions of money,” said Ms. Minh from Thanh Ha, Hai Duong, now living in My Dinh, Hanoi. “At the end of 2021, my hometown neighbor sold a 160m2-wide piece of land for 4 billion VND, only 10 million VND. The cost of the transfer is taken care of by the buyer. This land lot is located on the communal road. Route. The inter-commune is also paved, so the price of this land lot has also increased by billions compared to the previous one. This 4 billion can buy a high-class apartment in the center of Hanoi easily, “Ms. Minh said.
The plots of land along the commune road in Thanh Ha and Hai Duong districts cost up to billions of dollars.
Ms. Minh also added: “Since the day I went to Hanoi to go to school, 7 years now, I don’t see that my hometown has changed too much, except for the newly paved communal road. The area where I live has also opened up. A market, but the price of land is really expensive. Nearly 3 years ago, the land suddenly increased a lot. It is still only an inter-commune road, rural land but a plot of land in the countryside can buy a piece of land in Ha Noi. Noi. Some land plots located deep in the village road are also up to 2-3 billion VND. Land in my hometown is as expensive as land in Dien and Nhon areas. My mother said that now when I go back to my hometown, I can only buy 4 billion VND. If you want to have a decent house, you have to add 1 billion”.
Mr. Nguyen Duc from Y Yen, Nam Dinh said, listening to friends returning to his hometown to buy cheap land, then selling it for a profit, he calculated that he would return to his hometown to buy a plot of land. However, when he returned to the price survey, he was startled because the land price had doubled within 3 years. A plot of land located on the current commune road is up to 1.3 billion VND. The land lot next to the primary school and the administrative office of the commune was traded at the end of 2021 for 6 billion VND.
“Returning to the hometown to invest is not easy because the land is as high as Hanoi. I remember, before, the land plot located on the commune road was only about 350-400 million VND, now it has increased to more than 1 billion VND, or about 2 times, 5 times. Meanwhile, the road is only paved, there are no real estate projects close by or new inter-provincial roads pass through here”, Mr. Duc Anh said.
Rural land has become expensive which is already a practice in many localities. According to experts, the reason for the increase in the price of rural land is the demand of a part of investors who move to their hometown in search of profitable opportunities. In some localities, virtual land fever was also pushed up by groups of investors or brokers. In addition to the psychology of “an inch of land, an inch of gold”, the currency depreciates and everywhere is feverish, so people tend to bid higher prices.
According to Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, the land fever and high land prices in rural areas lead to a worrying fact that local people rush to the fever, sell Land is an important means of production – providing the main source of income for people in rural areas, where agriculture plays a large role.
The fact that people only focus on benefiting from the increase in land prices without paying attention to the increase in surplus value from productive labor will seriously affect the economy. When people are sucked into the spiral of increasing land prices, it is inevitable that resources for investment and production development in many other industries and fields will be reduced.
Meanwhile, Mr. Nguyen Quang, leader of a real estate business in Hanoi, said: “The price of land in the countryside in recent years has been pushed too much, while there has been no change in transport infrastructure or motivation to work. any other price increase. This makes it difficult for low-income farmers or young people to buy land to build a house on.
“If the market goes quiet, the country’s land will be the first to lose value because of the long-term virtual increase. Therefore, side-by-side investors need to be very careful in buying rural land because of the high risk of burying capital because low liquidity”, Mr. Quang added.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
