The province’s land is still “burning hands”
Many people have to exclaim: Why does the money flow continuously into the land?
Records show that, at the beginning of 2022, investors are still constantly “hunting” for land in the province. Besides residential land, the garden plots and agricultural land with beautiful locations are almost “out there, out of there”. Many real estate brokers move to the province to also make a profit thanks to exciting buying and selling activities. Instead of searching for land plots in “adjacent” provinces, many investors tend to go further, buy land at a cheaper price, and wait for the price to rise.
Recorded at a notary public office in Dinh Quan town, Dong Nai province, people who do land documents have to wait in line for 5-6 hours to take their turn, because of the large number of people going to the notary. This is also the area from October 2021 to now, continuously recording the bustle in land purchase and sale. In addition to residential land and subdivision, garden plots costing from 300-500 million VND/sao Nam Doi (1,000m2) can be bought and sold quickly. This price has been pushed up to about 600-800 million VND / sao at the moment, although there are still investors buying. It was noted that surfing investment activities also took place quite strongly in this market; Land plots with an area of about 2,000m2 need to buy and invest quite a lot, and resell is quite easy.
Meanwhile, in Nhon Trach market (Dong Nai), compared to the time before Tet, it is somewhat quieter. However, according to brokers in this area, investment activities are still taking place quietly, many investors have good financial status, accumulate many land plots at once and wait for the time to take profits. As for agricultural land, the price level is already high, so many investors look for other areas with even softer prices. “A month, the trading floor has about 15 residential land plots, many investors have money continuously thanks to the floor to find sources of goods to buy, but it is no longer easy,” said Mr. Kh, a representative of a real estate trading floor. Nhon Trach area said.
The real estate market report of January & February 2022 of DKRA Vietnam shows that if HCMC land plot continues to have no new projects, the province’s land plot will continue to occupy the wave in terms of supply and transaction volume. In the first 2 months of the year, there were 8 new land plot projects on the market providing more than 1,400 products, a consumption rate of nearly 1,000 plots. Notably, the new supply increased sharply compared to the same period last year, in which the market of Long An province occupied the leading position. Projects with large scale, diverse internal utility planning, convenient location in connecting with surrounding areas, with actual prices have a high success rate of transactions. The selling price continues to increase.
The reason so far has been mentioned quite often, when it is said that land is still the type to attract investors’ cash flow.
First, Profitable: Objectively speaking, land is still a type of investment that earns a higher difference than other segments in the real estate market. And this is the type with a fast rate of price increase, especially the transport system invested in the area where the land is located.
Second, easy to sell: This is a segment suitable for the majority of people who want to enjoy good spreads in a short period of time. Currently, most customers buying land to invest in land are sold out within 1-2 years. The product re-sale does not take too much time and is easier to find buyers than other segments.
Tuesday, land plots are always considered as “savings”: No matter what stage the market is in, land plots are always in great demand and at all times. According to the analysis of investors, in the real estate basket, land is the product to save the best value and profit.
Wednesday, In essence, this is an existing channel for investors who tend to be safe: When investors have idle money but not enough to own a house, they will tend to switch to buying land with the goal of long-term investment. It is the flexibility of the product that makes investors’ cash flow less volatile.
Fifth, there is a high possibility of price appreciation: This is also a reason why land plots are favored by investors. Compared to other segments, people’s demand to buy land is still higher, this is an excuse for many investors to raise prices depending on market demand.
As noted, the fact that investors constantly move the land investment area from the suburbs of Ho Chi Minh City to neighboring areas to seek profit is a testament to the attractiveness of this product line. However, because of its attractiveness, this is also the segment with the most legal problems, selling prices, etc. in all types of real estate.
High profits, rapid price increase coupled with the ambitions of investors, investors cause in some stages, the land market market to be “disturbed” with information on selling prices, transactions, speculation, creating a fever. virtual. This leads to the fact that the real value of the land is not clearly defined, making it increasingly difficult for real buyers to own a home.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
