Land in Northern Van Phong increased in price again, reaching the peak of fever in 2018
The ups and downs of the North Van Phong real estate market
4 years ago, Bac Van Phong was likened to a hot spot of the real estate market when land prices increased day by day. Remember, in 2017 – early 2018, many coastal land plots were traded in a split second with prices 10 times higher than before.
At that time, a broker once recounted that the price of land in Bac Van Phong had a period of increasing day by day. The day before he hesitated to close, the next day, the price blew a few more steps. Some coastal land plots in Van Gia town were recorded at the price of 70-75 million VND/m2, before that it was only about 20-30 million VND/m2. The land plots located not close to the coast have an average price of 25-45 million VND/m2.
At that time, investors still defied the “embrace” of aquaculture land, agricultural land and forestry. The price of land of this type also increased from a few hundred thousand VND/m2 to 2-4 million VND/m2.
Bac Van Phong real estate market is vibrant again.
Land fever has created generations of investors making tens of billions in a short period of time. Bac Van Phong real estate market is mentioned as the “navel” attracting investment cash flow with quick and lightning transactions.
However, in May 2018, Khanh Hoa Provincial People’s Committee had a ban on transactions. This move has caused land prices in Van Ninh to drop sharply to reduce “fever”. Bac Van Phong’s real estate market gradually slowed down, many brokerage offices “withdrawn” the sea. Many land plots quickly cool down like land in Van Tho, only about 3-5 million VND/m2. This price is similar in Van Hung area. The market no longer recorded a massive decline in money for both forest land, garden land, and aquaculture land as before.
It is not until the beginning of 2021 that the market in this region warms up again. Some investors hunt for goods when there is a situation where investors are pushing goods. LN investor in Hanoi once revealed that at the beginning of 2021, he bought more than 10 land lots in a short time in Bac Van Phong at a price of only 60-65% of the value of the land plot in 2018. Brokerage offices in this area have gradually reopened.
“The resettlement land plot that I put down money in early 2021 for 4 billion VND, 200m2, is located right on the main road, close to the sea. In 2018, the price of this land lot was 7 billion VND”, Mr. LN said. .
Earth fever is back
TD, an investor from Hanoi who used to “live with thorns” in Bac Van Phong said: “There is no reason to ignore an attractive real estate market like Bac Van Phong. Clear sea water and beaches. white sand, real estate prices are still cheap. Resort projects have not landed massively here. Having said that, real estate prices in Bac Van Phong will increase even more strongly.”
This investor revealed that the plots of land that he “hug” in early 2021 have all sold out with prices increased by up to 50%.
Land for agriculture, forestry and fishery is no longer favored as in the previous period.
According to Mr. TD, the reason for the exciting return of Bac Van Phong real estate prices comes from the information that Khanh Hoa is urgently adjusting the general planning to build Van Phong economic zone to 2040, with a vision to 2050, including the whole North Van Phong area. Besides, the news that large domestic and foreign corporations proposed huge projects in the North Van Phong area became a catalyst to push up land prices.
The survey shows that the price of land near industrial zones such as Van Thang and Doc Da Trang is about 6-8 million VND/m2, the area near the center has the price of 75-80 million VND/m2, touching and even slightly higher than the average price. with the peak of land fever in 2018. Having a land plot with a good location recorded a price of up to 90 million VND/m2. The price of land in the resettlement area ranges from 25-35 million VND/m2.
Some land plots and fields without safe legal status recorded transactions at a low level. The type of land for perennial crops and agriculture is no longer as popular as before. The group of hunting sharks is not much, but the need to find land is still increasing.
Before the information that the land price in Bac Van Phong increased sharply, the People’s Committee of Van Ninh district also propagated and directed the public announcement of the land use plan to 2030 in Van Ninh district.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
