Falling back with the matrix of “herding” investors of the land “stork” world

May 27, 2022 15:34 GMT+7

The story of “storks” of land creating “waves” of land, blowing prices is not new. But in those “waves” there were many novice investors “stuck” bitterly.

For example, in the last March, taking advantage of land prices everywhere increased sharply along with investors rushing to invest in land. A group of brokers of the X.Đ real estate floor in Bac Ninh has stirred up buying and selling at a real estate project in the area.

In the past 2 years, the land price at V.Đ project has increased 3-4 times. However, compared to the common ground, the land price of this project is still quite cheap. Grasping that, the brokerage team of the X.Đ floor released a rumor that the project was about to have a red book. Along with that, the broker announced the purchase of 20 plots of land for the V.D. project. Seeing such information, and bustling transactions, many investors did not hesitate to jump into the game.

Ms. NKL is one of the investors participating in the “wave” of the brokerage team. Before that, Ms. L owned a plot of land of project V.Đ. Therefore, the broker contacted and paid her 2.1 billion dong, while she just bought it 8 days ago for 1.95 million dong.

Seeing a profit, she agreed to sell and receive a deposit of 100 million dong with the condition that if she broke the deposit, she would pay twice as much. After 1 week – the transaction day to make the purchase and sale documents, there was news that Ms. L’s land lot was accepted by someone to buy it for 2.5 billion VND. Seeing the price increase rapidly, Ms. L broke the deposit and accepted to pay.

Not only received the deposit from Ms. L, the brokerage team X.Đ gave another group to invite her to buy 2 other lots of land that the group had bought during this “wave”. Seeing that the price increased too quickly, and having an amount of money available, Ms. L thought she would make a deposit and have to make a deposit 20 days later. During that time, Ms. L will consign it to a broker to sell it at a price difference. Thinking to do it, Ms. L deposited 2 lots of land that the brokerage team offered.

However, Ms. L did not know that she was included in the “matrix” created by the brokerage team of the X.Đ floor. This price blow quickly fizzled out, many investors who only counted “surfing” accepted to break the stake. As for Ms. L, after she couldn’t find a buyer, when it came time to get money, she accepted to borrow more from a bank to get money because if not for those 2 plots of land, she would lose up to 400 million dong.

In addition, there are many other forms that are known in the field of real estate project sales such as staging the sale and purchase; continuous deposit to lure investors to buy; drawing up plans, virtual projects… With the sophisticated and sophisticated forms of the storks, customers easily fall into the “matrix”.

An experienced investor shared: “The trick of spreading rumors about planning or preparing a project has been around for a long time, but many investors still easily fall into it. Especially this year, promoting public investment, many localities announced plans, many brokers took advantage of this to inflate prices to cause virtual fever.

Mr. Nguyen Van Dinh, Chairman of Vietnam Real Estate Brokers Association.

Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, advised: “Investors should be very careful in finding the market at this time. It is necessary to study carefully to make sure that the market is real, especially in the past time, where real estate prices have increased, and localities have a movement to buy land without focusing on production and business.

Of course, investors pouring money into hot areas can surf the net if that investor is lucky. But the possibility of that luck is not very certain because it can be controlled, tightened, and collected by the State is very high. Therefore, you should not try your luck in that type of risk, but should look for the mainstream market, which is protected by law for business. Don’t try your luck in chaotic markets.”

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