Land west of Saigon doubled in price

Land west of Saigon doubled in price 4

Land west of Saigon doubled in price

VnExpress survey, in Binh Chanh district, at the end of 2016, the price of an agricultural land plot of 4,000 m2 on an internal road in Tan Nhut commune was offered at 500,000 VND per m2.

Roads with land prices increasing sharply by 1.5-2 times in this suburban district include: Quach Dieu, Nu Dan Cong, Vo Van Van… but most of them are agricultural land, with very little residential land.

Meanwhile, District 12 also recorded land price fluctuations in the first 4 months of the year.

Project villa land on Ha Huy Giap street, area of 150m2, in the first week of April 2017 was offered at 4.5 billion VND, spending 30 million VND per m2 while 3 months ago it was only at the threshold of 22-24

Agricultural land in Binh Chanh has doubled in price in just the past 4 months.

The price of land on Vuon Lai street, the section not passing the national highway, before Tet was still traded at 30 million VND, currently the successful sale price is at 35-40 million VND.

The hot spot in Tan Phu district is Tan Thang Bo Bao street, retail land around here has been `screamed` 60-70 million VND per m2.

In addition, in Tan Phu area, land prices on Ho Van Long, Nguyen Thi Tu, and Nguyen Huu Tien streets continuously fluctuate.

Land west of Saigon doubled in price

Land prices around a complex project in Tan Phu district are being traded at 60-70 million VND per m2.

Hoc Mon land prices also increased at a large margin.

Roads with price increases in Hoc Mon also include: Nguyen Thi Soc, Tran Van Muoi, roads parallel to National Highway 22… The most modest increase is land on roads parallel to National Highway 22, as well as

In Cu Chi district, agricultural land was transferred for about 500,000 VND per square meter at the end of 2016, but only in the first few months of the year, after information appeared on the construction of a riverside road connecting the center of Ho Chi Minh City with this district by the Tuan Group.

Talking to VnExpress, General Director of Viet An Hoa Company, Tran Khanh Quang confirmed that the land fever west of Saigon is developing unpredictably.

First, land prices in the West start from a low base and are still quite cheap.

Second, population density in the West is increasing.

Third, famous real estate tycoons are looking at and quietly acquiring beautiful land plots, even competing for land funds in the West.

Fourth, the mega-projects that have been continuously announced in the West in recent times have become a stream of sensitive information that stimulates land prices in this area.

Fifth, a number of suburban districts were considered for district status, promising to gradually upgrade infrastructure and local appearance, which also stimulated land prices in these areas to increase.

According to Mr. Quang, in the past 2 months, information about Tuan Chau Group investing in a super project in the Northwest has increased the land here by 15-20%, even 50-70%, but these factors

Mr. Quang recommends that in the current period of continuously increasing market prices, real estate transactions require investors to have soft skills: legal understanding, knowledge of valuation and sensitivity.

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