Real estate skyrocketed in price of land in the suburban area hundreds of millions of dong per m2

Apartment 25 million/m2 ‘missing’ in Hanoi, Ho Chi Minh City

This is information given by the Ministry of Construction in the report on housing and real estate market in the first quarter of 2022, just released.

Evaluation of the market in the first 3 months of the year, the Ministry of Construction said there are signs of recovery and good development. There have been many investors, real estate projects open for sale or plan to open for sale in a short time. At the same time, the number of real estate transactions increased by month and in most segments of the market. The real estate market has regained balance between investment and business activities and buying and selling for use.

However, the market still has some issues to keep in mind. Among them is the problem of high housing prices compared to people’s incomes.

Apartment prices in localities across the country in the first quarter of this year tend to increase, the average growth rate is about 3% compared to the end of 2021. In which, apartment prices in Hanoi increased. about 4-5%, HCMC will increase by 1-2% compared to the end of 2021.

Commercial housing projects in the central areas of Hanoi and Ho Chi Minh City have almost no affordable apartments priced below 25 million VND/m2.

A few projects in areas far from the center of Hanoi such as Anland Premium Duong Noi, Hanoi cost 30 million VND/m2, One 18 Ngoc Lam costs 26 million VND/m2, Eurowindow River Park costs about 25 million VND/m2. Similarly, in Ho Chi Minh City, it is relatively rare that projects cost less than 30 million VND/m2.

Segment apartment Mid-range prices from 30 to 50 million VND/m2 are the main products in the market, a series of projects distributed in the market have quite high selling prices, of which in Hanoi, there are projects: Sunshine Garden with high price. selling 37.1 million VND/m2, Hapulico Complex selling price 33.8 million VND/m2, Sunshine City selling price 41.8 million VND/m2.

In Ho Chi Minh City, the selling price of apartments at An Gia Skyline projects is about 38.6 million VND/m2, Happy Valley is about 47.6 million VND/m2.

While the segment of high-end apartments in Hanoi and Ho Chi Minh City has a selling price of up to hundreds of millions of VND per square meter, there are many projects in Ho Chi Minh City such as Thao Dien Green, which sells for about 100 million VND per square meter. , Empire City – The Monarch, the price is about 200 million VND/m2, or The Filmore Da Nang (Da Nang) is about 110 million VND/m2.

The report of the Ministry of Construction shows that while the price increased, the number of apartment transactions decreased sharply.

Specifically, the number of successful transactions of apartments and individual houses in the first quarter of 2022 reached more than 20,300 transactions, mainly in Hai Phong, Da Nang, Ho Chi Minh City, Phu Tho, Bac Giang, Lam Copper. The total transaction volume is only about 45.5% compared to the fourth quarter of 2021 and about 80% compared to the same period in 2021.

Land price “surge” sharply increased

A survey of the prices of individual houses and land plots from the Ministry of Construction showed that this segment has a higher growth rate than apartments (an average increase of about 5-10% compared to the previous quarter).

In Hanoi, the perimeter 4 areas passing through Hoai Duc district, near Duong Lieu industrial cluster, Song Phuong overpass cost more than 100 million/m2; the area near the project Vinhomes Wonder Park Dan Phuong costs about 150 million VND/m2; Nhat Tan bridgehead area in the East of England, the price is about more than 200 million VND/m2 with beautiful plots of large road surface.

The selling price of land plots in many areas in Ho Chi Minh City in the first quarter was lower than in Hanoi. Specifically, the price the ground at projects: Thu Thiem Villa, about 125.3 million VND/m2, The EverRich III about 117.5 million VND/m2, Dong Tang Long about 64.4 million VND/m2, Hoang Anh Minh Tuan about 91.5 million VND/m2, Kim Son about 136.5 million VND/m2.

In some other localities, the price of land plots also tends to increase compared to the end of last year, in which the selling price of some projects in some urban areas such as Da Nang is from 60-90 million VND/m2, Hai Phong’s price is from 60-90 million VND/m2. selling from 30-80 million VND/m2, Binh Duong from 90-140 million VND/m2, Dong Nai from 55-70 million VND/m2, Nha Trang from 120-125 million VND/m2, Vung Tau from 31-60 million VND/m2.

Some areas with high land prices in the first quarter of 2021 in the suburbs of Hanoi such as Quoc Oai, Ba Vi, some points in Hoa Binh, Bac Ninh, Hung Yen provinces and in addition, there are many places such as: Thanh Hoa, City. Thu Duc, Can Gio district of Ho Chi Minh City; City. Bien Hoa, Nhon Trach and Long Thanh districts of Dong Nai province,…

Notably, by the end of last March, in some localities, the suburbs of Hanoi, Ho Chi Minh City, in the provinces of Thai Binh, Lam Dong, Khanh Hoa, Da Nang, Dong Nai… there was price phenomenon. and the number of land land transactions increased rapidly, in some places the price increased by 15-20% compared to the end of 2021 (similar to the end of the first quarter and the beginning of the second quarter of 2021, but the spread and the price increase margin were low). than).

Supply is tight

According to the Ministry of Construction, one of the problems posed by the real estate market today is the lack of supply in all segments. Number of commercial and social housing projects Licensing construction, completion and put into use are limited, tend to decrease.

Statistics show that in the first quarter, 22 projects with more than 5,200 apartments were completed. This figure is equal to about 47% compared to the fourth quarter of 2021 and about 54% compared to the same period last year.

The whole country has more than 1,200 projects (more than 330,000 apartments) under construction, equaling about 116% compared to the fourth quarter of 2021 and equaling 88% of the same period last year.

In the first 3 months of the year, there were 39 newly licensed real estate projects with more than 18,600 apartments, equal to about 80% compared to the fourth quarter of 2021 and equal to 41% compared to the same period last year.

Regarding social housing, there are 4 projects, scale of 1,450 apartments have been completed in Tien Giang, Ho Chi Minh City, Ninh Thuan, Kon Tum; 98 projects with scale of 122,990 apartments, mainly in Binh Duong (42 projects) are under construction; 3 newly licensed projects with 1,198 apartments.

And there are about 18 worker housing projects, construction scale of 14,348 apartments under construction; 1 newly licensed project, construction scale of 864 apartments.

Conveniently style

The giants of Hanoi hunt for villas, adjacent houses, of scarce goods, causing a ‘crazy price’In Hanoi, in the fourth quarter of 2021, the average price of townhouses recorded the highest average price at 381 million VND/m2, but by the first quarter of 2022, this price has reached 417 million VND/m2. The average price of adjacent houses is 185 million VND/m2.