Causes of land fever in some localities in HCMC. City, Dong Nai

11/04/2018   Viewed: 668
In the last months of 2017 and the first quarter of 2018, land prices in Can Gio District (HCMC) and Long Thanh District (Dong Nai Province) were pushed up, where land prices increased by 50% by 2016.
In some places, there are many difficulties in the management of the planning and the destabilization of the development of the real estate market in these areas.
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According to the Housing Management and Real Estate Market and some experts in this area, the cause of the price increase is due to the announcement of infrastructure planning and a number of large projects in the area Long Thanh international airport project will be launched by the end of 2018, some large resort projects licensed in Can Gio have stimulated the increase in land price and pushed Subdivision of the platform increased.

Along with that, the speculators, brokers use the information on planning and rumors to price, push the price of land to gain unfair profits. Secondary investors also follow the psychology of buying crowds, waiting for prices to create virtual fever in these areas.

Experts also warned that the authorities of Can Gio District (HCMC) and Long Thanh District (Dong Nai Province) need to intensify propaganda among people about information and rumors fever prices, push the price of land up.

Previously known in May 2017, the Ministry of Construction has written to the Department of Construction HCMC to capture the situation reported to the City People's Committee on the cause of land fever phenomenon in some suburban areas to deploy the Appropriate solution to stabilize the market.


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