Cam Lam land is increasing in price, with 3 billion dong should I invest in this area in Khanh Hoa?

Ms. Vu Thi Hoa in Hoang Mai (Hanoi) has 3 billion dong idle, she intends to buy a piece of land in the suburbs of Hanoi but was invited by friends to invest in land in Cam Lam (Khanh Hoa) when she thought that Land in this area has great potential for price appreciation.

“In addition to Cam Ranh international airport, this place is also invested with highways Cam Lam – Nha Trang, Cam Lam – Vinh Hao; The infrastructure is increasingly invested synchronously, promoting the construction of coastal roads, the potential for busy tourism exploitation in the near future … will promote a sharp increase in land prices. Those are the analysis given by my friend, but I still have doubts because the land here has increased in price, whether it is okay to invest now,” said Ms. Hoa.

With 3 billion VND, should I invest in land in Cam Lam area (Khanh Hoa) at this time?

Analyzing the central real estate market, Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, said that Khanh Hoa is one of three areas (Dak Lak, Khanh Hoa, Binh Thuan) with an important level of importance. Interest in land has increased sharply in the past 3 months.

Cam Lam district is one of the real estate “hot spots” of Khanh Hoa, with localized land fever many times. According to data from Batdongsan.com.vn, in the first quarter of 2022, the number of online listings of land and products attached to land in Cam Lam increased sharply compared to the first quarter of 2021.

Specifically, the number of advertisements for villas and townhouses increased by 684%, project land plots increased by 233% and land plots increased by 111%. Along with the supply, the demand for land plots and project plots increased by 90%, the interest in villas and townhouses also increased by 50% over the same period last year.

Land price in Cam Lam has increased steadily over the years with an average annual increase of about 10-20%. Recently, this area has been heated up by the information of the airport urban planning and Vingroup’s proposal for smart city deployment.

The price of many types of land also increased sharply. At the end of March 2022, the price of residential land increased by about 7-10 million VND/m2; agricultural land increased 5-7 times compared to before Tet.

In the first quarter of 2022, the average selling price of Cam Lam land plots is about 9 million VND/m2, the project land price is 25 million VND/m2, villas and adjacent houses are for sale at 40 million VND/m2. m2.

Meanwhile, the average price in Nha Trang market is 20 million VND/m2 for the type of land plot, 39 million VND/m2 of project land and 48 million VND/m2 condotel.

According to experts of Batdongsan.com.vn, the investment in land plots and residential areas in Cam Lam may have profitable opportunities; However, buyers need to carefully research information, planning, compare selling prices, avoid areas that have been “push” prices too high.

“Finance around 1 billion dong can buy land plots located in communes near National Highway 1A such as Suoi Tan, Suoi Cat, Cam Hoa, Cam Hai Tay… or land near Suoi Dau and Trang E industrial zones.. .. With a financial range from over 1 billion VND to 3 billion VND, you can buy land for subdivision around Thuy Trieu lagoon. With a finance of over 3 billion VND, you can choose beautiful locations to welcome the project planning of Vingroup … “, a few suggestions of experts Batdongsan.com.vn.

However, recently, Khanh Hoa Provincial People’s Committee has also issued new regulations on inspection and control of applications for changing land use purposes of households and individuals.

Accordingly, the People’s Committee of this province requires only allowing the change of land use purpose to residential land for land plots located in existing residential areas, meeting regional infrastructure conditions and in accordance with land use planning , district-level annual land use plan, zoning planning, detailed construction planning (for urban areas) or rural residential area planning (for rural areas) approved by the competent authority. approved by the competent state.

Khanh Hoa province strictly forbids allowing the change of land use purpose for land plots located outside the existing residential areas, leading to the formation of new residential areas that do not meet the regional infrastructure conditions, causing widespread subdivision of plots for sale in the area.

At the same time, this province also requires districts, towns and cities to review and re-examine urban planning projects and local construction planning.

Therefore, if investing in this period, investors should pay attention not to invest in land without knowing the plans to avoid risks.

ID