Real estate “wave” warning follows Belt 4
Real estate depends on infrastructure
According to the report submitted to the Hanoi People’s Committee, the Government proposes to the National Assembly to decide on investment policies, the Ring Road 4 project – the Capital Region is 112.8km long, of which 58.2km passes through the territory of Hanoi city. , from km3+695 of Noi Bai – Lao Cai expressway (in Thanh Xuan commune, Soc Son district), to Me Linh urban area (Me Linh district) and from Me Linh urban area across the Red river, extending to Dan Phuong, Hoai Duc districts…
Actual survey in some areas related to Ring Road 4, land prices have fluctuated, many investors have achieved high profits, but have not yet fixed the selling price.
Nguyen Tien Anh, a real estate broker in Hoai Duc shared, as soon as he heard about the Ring Road 4 project through Hoai Duc district, there were many investors in the inner city districts about the local survey. investment price. Mr. Tien Anh also holds up to 4 plots of land, has sold 2 plots, 2 – 3 times more profit.
“In Hoai Duc district, since it is announced that Ring Road 4 will pass between Dien Phuc pagoda and Gie Sen temple, close to the inter-area road 1 has started, the price here ranges from 30 – 50 million VND/m2. An increase of 10-20 million VND compared to the beginning of the year”, Mr. Tien Anh said.
Since it was announced that the Ring Road 4 project and the Soc Son Clean Industrial Park project were promoted, many “land storks” here like Mr. lead each group of guests to see the land.
According to Mr. Cong, in the past, village and commune land in the areas of Minh Tri, Thanh Xuan and Hien Ninh communes (Soc Son district) only fluctuated around 3 – 4 million/m2, but now the price has been pushed up to about 3 million people. – 4 times, even more.
“Two years ago, the price of land in Thanh Xuan was only 3-5 million VND/m2, but now the price has been pushed up 2-4 times higher. Especially the pieces along the road 35 currently cost about 30-40 million VND/m2, “said Cong.
Mr. Cong also added that over the past time, many brokers have moved to Soc Son area to rent space to open real estate transaction offices.
Similarly, in Dan Phuong district, land prices in communes: Song Phuong, Dong Thap, Thuong Mo,… also increased by 10-15 million VND/m2 compared to the end of 2021.
In the Me Linh area, over the past time, land prices have also fluctuated strongly. Notable are the land auctions in this area. Recently, Housing and Urban Development Investment Corporation (HUD) organized the sale of 202 villas in the Thanh Lam – Dai Thinh New Urban Area project 2, Me Linh district, by competitive bidding with competitive prices. Various high spreads have been established.
A villa with an area of 410 m2, in the corner lot location, the starting price is 18.9 billion VND, the purchase price is about 23.17 billion VND, the difference is nearly 4.3 billion VND, equivalent to 56.5 million VND. /m2. Two other villas with the same area of 362 m2 are located, in the corner lot location, starting price is about 18.2 billion VND, buying price is 21.1 billion VND, difference is 2.9 billion VND, equivalent to 58.3 million VND. VND/m2. Many investors participate in buying and sharing, they expect the Ring 4 route to run through this project. While before that, real estate prices in some projects in Me Linh district only ranged from 20-35 million VND/m2.
In the Thuong Tin area, the broker said, in the past 2 years, the land price in Thuong Tin has increased 4-5 times, especially in the planned areas with Ring Road 4 running through.
According to Ms. Thu, a broker in Thuong Tin, the current price of land in places related to highways, specifically, Quan Ganh, Ninh So ranges from 30-40 million VND/m2, far more than the price ranges from 15 – 25 million VND, this price has increased by about 50% compared to 1 year ago.
Be careful “money lost disability”
Mr. Nguyen The Diep, Vice Chairman of Hanoi Real Estate Club also shared: “Transport infrastructure has always played an important role in socio-economic development. Therefore, where the traffic infrastructure is good, the economy develops, the urban area develops, of course real estate also benefits. For a long time, land fevers occurred not only in Hanoi and Ho Chi Minh City. Both Ho Chi Minh City and other localities have shown that in fact, land prices always increase when transport infrastructure is built or expanded.
However, Mr. Nguyen The Diep also warned, many investors will now identify the planning information to take the lead to invest. Investors with large financial resources will surely win. On the contrary, many people are ahead of the curve, but if they use the “leverage” of the bank and rush to buy and sell project land, it is easy to receive “bitter fruit”.
Chairman of the Vietnam Association of Realtors 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 only suitable for people with idle money because infrastructure projects will be implemented in a long time.
Moreover, it is necessary to carefully survey the area, understand the planning, the location of the land has liquidity. Because the lesson on investing in land on both sides of Thang Long Avenue 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 in this area has decreased. depth compared to the time before the construction of the route.
Real estate experts also warn that although the Ring Road 4 – Capital Region passes through localities, it will increase the “heat” of the real estate market, but there are also many potential risks if investors do not define planning boundaries, corridors, coordinates, landmarks…
In fact, there have been many lessons about rushing to invest in the movement or “holding” the land for too long but the idle cash flow is not large enough or buying too much higher than the real value. Therefore, retail investors need to be cautious and study carefully to avoid “losing money”.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
