The “stork” launched a price-blowing trick, causing land price disturbances in the suburbs of Ho Chi Minh City

Land price turmoil in the suburbs Ho Chi Minh City

At the Investment Promotion Conference in Cu Chi and Hoc Mon districts, Ho Chi Minh City held in mid-April, a series of investment memorandums and investment certificates were signed. The total value of investments is more than 16 billion USD, in many fields such as: traffic – technical infrastructure; Urban refurbishment; industry, agriculture, commerce, services and education, culture and sports… This is considered a premise to create a breakthrough in appearance for these two suburban districts.

Taking advantage of this situation, land brokers with many tricks have blown up land prices, in some places up to 50% compared to the previous month and land fever is still showing signs of heating up day by day.

Stork introduced a land plot in Cu Chi district. (Photo: PLO)

Local people like Mr. B were also surprised by the price of land so high, that even when he put his land up for sale, the price of his land also increased according to the market price. Land of 360 m² The family’s property is being sold by him for 40 million VND/m .² and only about more than 100 m² residential.

“The price of land increased, so I also asked for a high price. I quoted the price so that people would pay the price, so that it wouldn’t be a mistake,” said Mr. Nguyen Van B.

From 2 to 5 million VND/m² Garden land in Cu Chi district, even in some places, the price has reached 40 million VND/m² If the land is frontage, the price is equal to some urban districts of Ho Chi Minh City.

Contacted by an advertisement for sale, the reporter was immediately enthusiastically served by the land storks. The first place the reporter was brought to was a piece of land of nearly 4,000 m .² in a remote area in Cu Chi district. This piece of land is priced at 10.5 billion VND by the land stork, with many winged recommendations as a commitment to quick profit.

Profitable picture such as being able to subdivide lots and move out immediately, or the infrastructure is about to be built, buy today and sell it later, it’s easy to make a profit of 100-200 million dong… continue to pour into the ears of the buyer.

Not only Cu Chi, in Hoc Mon district, land prices also dance by day. According to the broker, the price of land here has increased by 30-50% compared to before. Particularly for rice land, brokers shouted the price to 3 million VND/m² with the promise of being able to settle down to subdivide plots for sale.

Along the road in the two districts, there are a series of signs for sale of houses and land; even the roadside, pubs, coffee shops… all can be places of transactions, signing contracts.

Attractive invitations from storks

There is no denying that a synchronous investment will cause land prices to move up, but an increase of several tens of % is absurd. The important contributing factor to the rapid increase in land prices in the suburbs of the city in Cu Chi and Hoc Mon at this time is not due to the value of the projects, but to the land storks. The attractive offers, mixed with a little “bait” such as: if you don’t buy it, you won’t have it, but if you don’t buy apricot, the price will be doubled, tripled … have made many people ready to hook their wallets.

The field land in Binh My commune, Cu Chi district, is now no longer rice land, instead there are concrete, divided roads. If you don’t learn carefully, then surely the electricity and sewer infrastructure will deceive the inexperienced surfer investors.

9 billion, 12 billion, 25 billion… any price you want; scenarios are also drawn up such as the land facing the Saigon River is very profitable, the ring road connecting the internal – external infrastructure is under construction; Investment never loses.

The fact was recorded by a reporter at a coffee shop, a gathering point for visitors to see the land, surrounded by a large number of brokers, a general drawing of the project introduced by the storks, in addition, there is no paper. which document proves the legality of the land. However, if you want to leave the shop to see the land, the investor must deposit 100 million VND.

In order to stimulate the psychology of “don’t buy, it will run out”, the storks at other tables continue to play the role of depositing the base deposit.

When the group of reporters found an excuse not to bring money and asked for an address to see the land themselves, the result was that the agents only gave a ghost address but no project.

In addition to the risk of unjustly losing the deposit, if buying land, buyers for the purpose of speculation also have to face many other risks, because currently the city has no specific planning of investment projects in the area. this area.

“After the land fever, the price level returned to normal, causing great damage to investors, especially those who lacked skills, did not have much understanding of the real estate market, especially those who lacked knowledge of the real estate market. the ultimate investor,” commented Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association.

Real estate brokerage services abound on Song Lu Street, Cu Chi District. (Photo: PLO)

“The land in Cu Chi is very large, even some areas do not have a 1/2000 plan, let alone a detailed 1/500 plan. Therefore, when we buy such real estate, in If you buy at the market price but the land is planned, you can only receive compensation at a much lower price,” said Mr. Phan Cong Chanh, a real estate expert.

Experts advise people to be cautious and wise when intending to invest in real estate in the suburbs in the form of buy-and-sell at this time, because sometimes it is due to high demand. grounds for land storks to inflate prices to absurd levels.

The plan to control real estate trading activities

Also according to information learned by the group of VTV reporters, another trick used by the land storks and unofficial real estate businesses is to propose to the local government to make inter-village roads. , then advertise that the land has been planned for transport infrastructure to subdivide plots for sale, pushing up land prices. The situation of land fever has also lasted for more than a month, so what solutions did the local government here have?

“For areas with fever, focus on advising people that this is a planning area, there is no project for people to know. Second, it is to strengthen the correct implementation of land use principles”, Mr. Nguyen Thanh Phong, Vice Chairman of the People’s Committee of Cu Chi District, Ho Chi Minh City, said.

“Based on the provisions of the law to handle the dossier, separate the plot in accordance with regulations, ensure the planning conditions, appraise the requirements and conditions on the plot separation…”, Mr. Duong Van Phuc , Head of the Department of Natural Resources and Environment in Hoc Mon District, Ho Chi Minh City, said.

An important solution to help stabilize the real estate market is that localities need to fully publicize and transparent information about land use planning and need to have stricter sanctions against “storks”. land”, acts of “inflating” real estate prices for illicit profits.

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