The ‘stork’ launched a trick to blow the price of land along the 4th belt, in some places up to 150 million VND/m2

Although the investment project to build Ring Road 4 has not been implemented yet, the land price around this area has increased sharply.

For example, a land plot in Minh Phu commune (Soc Son) at the end of 2021 costs 5 million VND/m2, but after going through the hands of a few brokers, the land price has now been pushed up to 30 million VND/m2, increasing 6 times. only for a short time.

According to the reporter’s research, this land lot has passed 4-5 generations of owners and according to the broker, if you buy this land, it will definitely still be profitable.

Currently, Ring Road 4 is about to be built, when the project is completed, land prices will surely double or triple now.“, the broker named Tung confirmed.

The 'stork' launched a trick to blow the price of land along the 4th belt, in some places up to 150 million VND/m2 - 1

Land prices in areas near Ring 4 increased sharply. (Illustrated image).

According to Tung broker, the price increased rapidly because it is located close to Ring Road 4.

The land plots have great potential like this, although the price is high, it will increase sharply in the future. If you have a long-term investment, you should buy these lots, other lots are cheaper, but they will increase a little later“, broker Tung said.

In Soc Son, village and commune land in the areas of Minh Tri, Thanh Xuan, and Hien Ninh communes (Soc Son district) previously only fluctuated about 3 – 4 million VND/m2, but now the price has been pushed up about 3 times higher. – 4 times.

Not only Soc Son, the districts that have Ring Road 4 passing through, the land price has also skyrocketed.

In Thuong Tin district, plots located on a major road, near the Ring Road 4 area, the land price is now 5.6 times higher than at the beginning of 2020.

In Hoai Duc district, recorded in communes such as Duc Thuong, Duong Lieu, Tien Yen, Song Phuong, land prices have increased, an increase of about 10-15 million VND/m2 compared to last year. Accordingly, the average land price in the district is about 40 – 50 million VND/m2, the central area is about 130 – 150 million VND/m2.

In Dan Phuong district, the housing market in many communes has received great attention. The amount of real estate for sale increased sharply, especially in the area of ​​major roads next to the intersection of the district and Phung town. Accordingly, the land price recorded in the major road area is about 60-70 million VND/m2. Land in Phung town costs about 130-140 million VND/m2, an increase of about 10-15%.

Worth mentioning, most of these land lots have increased in price after going through the hands of a few brokers.

Ms. Nguyen Thi An (a real estate investor in Thuong Tin area) said: “The initial land plots were quite cheap, but after a while through the hands of brokers, the price has increased several times. This is a phenomenon that often happens when planning information is available.”

According to Ms. An, real estate brokers are usually very methodical, they often collect land before planning information is published. When there is information, they buy and sell together a few times and push the price of the land to sky high. The final buyer, if not alert, will fall into a trap.

When properly planned, land prices will certainly increase with infrastructure. However, for many years now, many places have planning information, but the roads have not changed, while the prices have increased unreasonably. Infrastructure has not kept up with rising land prices. The planning information is still on paper, it takes a long time to implement. Therefore, the sharp increase in price is just a trick of the “trigger” of land and speculation to make a profit” said Ms. Ann.

Sharing this issue, the President of the Brokers Association real estate Vietnam Nguyen Van Dinh said that the new construction and expansion of transport infrastructure will bring great value to neighboring real estate, but investing in this area is only suitable for people with leisure resources. idle because infrastructure projects will take a long time.

Investors need to be alert to information about planning and virtual fever. If you “run” to follow, you will risk being “submerged” in the “virtual fever” and disappointed when land prices return to the old level.

Mr. Dinh cited: The lesson on investing in land on both sides of Thang Long Boulevard is still valid: Because the two sides of the road are fenced, vehicles are not allowed to park to ensure traffic safety, so the real estate this area is deeply reduced compared to the time before the construction of the route.

According to Mr. Dinh, if the planning is implemented on schedule, the real estate market as well as people’s lives in this area will be stable and have many development opportunities and advantages. However, if the implementation is slow, “surfing” investors also need to calculate the problem of avoiding risks.

Construction investment project of Ring 4 – Hanoi Capital region by PPP method with starting point at Km3+695 on Noi Bai – Lao Cai highway (in Thanh Xuan commune, Soc Son, Hanoi); the end point on Noi Bai – Ha Long highway (in Que Vo district, Bac Ninh province). The total length of the construction investment project of the Ring 4 – Hanoi Capital Region is 111.2km, of which the section passing through Hanoi is 58.2km long (passing through 7 districts: Soc Son, Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, Thuong Tin and Ha Dong).

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