Land prices spike in many major cities throughout 2017

15/01/2018   Viewed: 851
Supply and land prices have surged in many big cities such as Ho Chi Minh City, Da Nang, Nha Trang, Phu Quoc, Can Tho.
According to statistics from the Vietnam Real Estate Brokerage House, the supply of townhouses, villas and land plots suddenly increased in 2017 with 13,585 townhouses and villas, 22,710 land plots were supplied to the market.
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The strong development of this segment in many provinces and cities has created more balance between urban areas as the market share in Hanoi and Ho Chi Minh City accounts for only 54.1% of the supply of townhouses and 36.4% villas.

Other urban areas contributed significantly to supply in this segment were Long An, Quang Ninh, Bac Ninh, Dong Nai, Nha Trang and Phu Quoc.

It is noteworthy that Da Nang and Binh Duong are large cities that have maintained significant supply of home-built land, so many projects have not been opened this year.

"Hot Spot" land in Ho Chi Minh City
In the segment of urban land, this year, HCM City, Quang Nam, Da Nang and some neighboring HCM City such as Dong Nai, Long An has a sudden increase in supply.

The type of housing attached to land was recorded with a very strong price increase in the last year in Ho Chi Minh City while the land fund of the city on a narrow basis is causing the demand for real estate investment. The background spread to neighboring provinces.

According to statistics from the Brokers Association, HCMC alone this year has provided about 1,057 villas, 3,362 houses and 1,518 land products, the largest market in the country.

District 9, Binh Chanh and Nha Be are "hot spots" for land projects, townhouses and villas in the past year. Besides, it is notable that Can Gio District is a rising area of ​​supply and price increase. District 9 led the market with 48.3% of villa supply, 35.1% of street supply and 26.9% of land supply, while Can Gio accounted for 23.3% of villa supply. and 13% of the house supply.

Nha Trang land price increased 100% in the past year
According to the Vietnam Property Brokerage Association, Nha Trang is one of the local land prices have increased rapidly over the past year. Price increased nearly 100% over the same period of 2016, up about 40 - 50% compared with the first 6 months of 2017.

However, the price appreciation is strong depending on the location, mainly in the west and northern part of the city. The average price of 20 projects in this area is about 10-16 million VND / m2. Ground transaction is quite strong, most of the projects are out of stock soon after the sale.

This is explained by the fact that Nha Trang is planning to develop to the west and northern part, and infrastructure development, so the land price fluctuates sharply.

Meanwhile, downtown houses are less traded, however, prices are still skyrocketing by 70-100%. Land prices in the city center are also very high, where up to 300 million m2, in the popular alley swings 70-100 million / m2.

Da Nang land prices continue to rise about 25% in 2017
Danang is one of the most volatile land prices in recent years, due to the development of infrastructure, tourists. Many large real estate corporations poured capital into projects. Notary offices are always in a state of overcrowding and overload due to increased transaction volume each month.

The "land fever" in Da Nang has prompted the local government to review, the announcement of the housing project qualified sales are tight, customers are cautious, but the transaction in 2017 is still in the level. high. According to the brokerage, trading volume is 20-30% higher than in 2016. The land price fluctuates sharply, increasing by 7-8 times compared to 2012 and by about 25% in 2017 compared to 2016.

Quang Ninh, Can Tho, Phu Quoc ... increase by 20-40%
Other big cities and provinces also have land prices surging thanks to infrastructure development, and large local real estate developers such as Vingroup, Him Lam, Kinh Bac, SunGroup, FLC, CEO Group. , Bim Group, ... and many new businesses such as Phuc Son, HD Mon, Sunshine Group also promote business. This makes many local real estate market very attractive.

For example, in Bac Ninh, recently land prices have risen quite high, villa land, adjacent to increase about 25% compared to the beginning of the year. Or in Quang Ninh, the projects are selling very well shophouse products, prices increase about 10 - 20% compared to 2016. Or recently, Van Don information is becoming special zone causing the price of land here also increased, though. According to the brokerage house, this is a phenomenon of virtual price increase (5-6 times higher than last year) because of the fact that the value of land has not been large investment in technical and social infrastructure, so the value Land can not really high, with information zone, the price increase is only 10-20% is reasonable.

Also in Phu Quoc, Duong Dong area is recording the heat of real estate transactions, as noted by the brokerage in two notary offices and land transactions here, the number of successful transactions increased about 30% compared to 2016. Land prices here will also increase by 35% compared to 2016 and about 10 times compared with the period 2013 - 2014. Land prices in streets and streets of the town reached 80-100 million VND / m2.

According to the brokerage, many other provinces such as Can Tho, Long An, Vinh Long, Hau Giang, An Giang, Tra Vinh ... real estate market is very active, land prices are almost all areas Prices have increased about 30% compared to 2016.

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