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Hoc Mon Cu Chi land fever skyrocketed in price

The “wave” of information pushes the price of land with feverish fever

Recently, when information brought Cu Chi to the city, Hoc Mon to the district along with the fact that Ho Chi Minh City had invited investment in 55 projects in Hoc Mon and Cu Chi districts, news about this “big man” “hands on”. big” was whispering to each other, causing land prices to rise steeply from field land, land for perennial crops, to garden land…

Mr. Long (District 7, Ho Chi Minh City) said, about a year ago, he learned about agricultural land in Cu Chi, the price of land is about 1.5 – 1.6 billion VND / sao. Last January, he was offered a price of 2.7 billion VND. Recently, when contacted again, the land price has been pushed up to more than 3 billion. According to landowners, if they do not “fix” quickly, the price will still go up and may not be available to buy.

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Land prices in Cu Chi, Hoc Mon “dance” and increase recently, investors consider down the money because not all areas are suitable for planning.

According to statistics on Cu Chi real estate websites, the average house price in Cu Chi has increased by 34% since the beginning of the year, while the average land price has increased by 42%.

Even, housing prices in Cu Chi are in the area adjacent to District 12, Hoc Mon and Binh Duong districts and near arterial roads such as National Highway 22 (Xuyen A Road), the district administrative center, or along the coast. Saigon river… increased rapidly with a large amplitude.

If counting from the beginning of the year until now, there is an increase of nearly 70%, especially after the information of Cu Chi district was proposed to the city directly under Ho Chi Minh City.

Not only in Cu Chi, the situation earth fever also occurred in Hoc Mon. Surveying in Dong Thanh commune (Hoc Mon district), agricultural land being grown vegetables is also for sale up to 2.4 billion VND/sao. Large plots of land from 2,000 – 3,000m2 all increased in price from 500 million to 1 billion VND compared to before Tet.

Statistics on real estate websites show that from the beginning of the year until now, the average house price in Hoc Mon town has increased by 44.6% in some places.

Faced with the ongoing land fever in Cu Chi and Hoc Mon, many investors think it is similar to the land fever 5 years ago when information about the proposed urban “super-projects” and riverside roads. private here. At that time, land prices skyrocketed after the news that Tuan Chau Group invested billions of dollars in projects in Cu Chi. But these projects were not approved and housing prices here returned to the same after the “trigger” of the land withdrew.

Meanwhile, real estate experts said that the projects in Hoc Mon and Cu Chi districts are just calling, no investors have officially participated, nor have any specific plans, so no one has Knowing which areas will be the “epicenter” can increase prices and increase sales. Therefore, according to experts, buyers of land at this time may be at risk, especially those who speculate, surf or use borrowed money, buy it but can’t sell it or get stuck in the planning will be very difficult.

Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA), said that many people have taken advantage of information from meetings to profit, especially traders, “storks” of land or dishonest businesses have done it. for land prices in Cu Chi and Hoc Mon districts to go up.

“Buyers need to consider, because not all areas are suitable for planning. If you choose the right residential development area, you will benefit, but if you encounter a planned area of ​​green parks or roads, surely the buyer will receive enough, and the stork or the dealer will benefit. Those who intend to buy land at this time in Cu Chi, Hoc Mon must be alert, must learn carefully, do not lose money, “said Mr. Chau.

A series of localities asked the police to investigate “inflating the price” of land

It can be seen that the real estate market over the past time despite the impact of the Covid-19 pandemic, house prices in most segments in localities have continuously increased, in some areas, the phenomenon still occurs. increase “hot”.

The “price blowing” according to the plan appears more and more. In Hanoi, after the city is expected to issue the Red River urban zoning plan in June 2021, in Dong Anh, many land plots previously priced at less than 20 million VND/m2 are for sale up to 50-60. million VND/m2. Even the broker said that he can sell “eat” the difference of 5-8 million/m2 in just one day…

Facing the situation of land fever in recent times, many localities have asked the police to intervene to clarify the tricks “price blow” land.

At the regular press conference in the first quarter of 2022 of the People’s Committee of Da Nang City on the afternoon of April 18, Mr. To Van Hung, Director of the Department of Natural Resources and Environment of Da Nang City, said that the Department had sent a document to the city police to proposed to investigate whether or not there is a collusion line between land “storks”, agencies and State management officials to change the purpose of land use, creating a “fever” for land in Hoa Vang district.

Previously, Vice Chairman of Vinh Phuc Provincial People’s Committee signed Directive No. 10 on strengthening the management of real estate business activities in Vinh Phuc province.

According to the People’s Committee of this province, recently, in areas with construction planning, planned to implement projects in urban areas, industrial parks, etc., there are signs of speculative activities to buy and sell land, real estate, and real estate. Real estate causes “virtual fever” in the market. Therefore, the Department has directed a series of relevant functional agencies to strengthen inspection, examination and handling of violations.

In particular, Vinh Phuc Provincial Police have strengthened inspection and handling according to regulations. Provincial police organize to monitor areas with signs of sudden increase in land prices, status change of purpose, transfer of land use rights, “virtual fever”; Investigate subjects with behavior speculative“blowing prices”, making the market create a virtual “land fever” to make a profit.

Before the hot real estate fever in Gia Lai, the provincial authorities have asked the police to intensify investigations and clarify the signs and behaviors of pushing prices, blowing up land prices to gain illicit profits, causing problems. real estate market disturbances if any.

According to architect Pham Thanh Tung, Chief of Office of the Vietnam Association of Architects, the lack of planning information is one of the causes of the “virtual land fever” taking place in many localities across the country. Planning information that is not published or incompletely disclosed has created opportunities for individuals and organizations to take advantage of the planning to “create waves”, cause “virtual land fever”, and disrupt the market. Mr. Tung said that in order to prevent land fever, the publicity of the planning should be held at a press conference and seriously implemented to orient information to the people.

Investment promotion in Cu Chi, Hoc Mon is not a tray for businesses to push land prices

On April 12, speaking at the Investment Promotion Conference in two districts of Hoc Mon and Cu Chi in 2022, President Nguyen Xuan Phuc noted that not only Hoc Mon and Cu Chi districts should be developed, but Ho Chi Minh City must also develop two districts of Hoc Mon and Cu Chi. expanding the living space, expanding urban development because the existing shirt of Ho Chi Minh City is too cramped.

According to the State President, today’s promotion conference is not only held once, but in a day, but as a member of the National Assembly of the two districts, he will closely monitor the investment in the two districts, the development goals, especially the investment projects in the two districts. investor commitment.

The President also warned that the two localities of Hoc Mon and Cu Chi should avoid creating opportunities for real estate businesses to take advantage of land fever in the area and Ho Chi Minh City. Development is to create conditions for people to have a better life.

Thanh Son – Huy Tran

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Adversity in land trading: The fever skyrocketed, burning hands, big profits but no moneyAccording to the Ministry of Construction, in the first three months of this year, the average real estate transaction price in the whole market was in an uptrend, even some types increased quite high compared to the previous month.
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