Invest in land under one billion VND during the pandemic season

Avatar of Nick John By Nick John Dec7,2023 #Invest #pandemic
Invest in land under one billion VND during the pandemic season 1
Invest in land under one billion VND during the pandemic season 1

A recent report from the Vietnam Real Estate Brokers Association showed that in the first quarter, the number of land products opened for sale was 5,800, second only to the number of apartments.

A plot of land in Dong Truc commune, Thach That district (Hanoi) was offered for sale at the end of March 2020.

According to Mr. Nguyen Quoc Anh – Deputy General Director of Batdongsan.com.vn, land in the price range of 500 million VND to less than 1 billion VND is still of interest in the North.

However, in the Ho Chi Minh City market, DKRA Vietnam’s first quarter report shows that land – the most attractive segment for investors – recorded a 77% decrease in consumption compared to the fourth quarter of 2019.

According to Mr. Nguyen Huu Quang – Deputy General Director of Netland Real Estate Company, the general transaction atmosphere in the southern market recently has been quite quiet – due to quarantine and social distancing measures – causing the majority of customers to

However, underground excitement still appears in some areas of Dong Nai, Long An, Qui Nhon, and Lam Dong provinces with the participation of a group of experienced customers with abundant financial resources.

With an investment of less than 1 billion VND per lot, some customers have actively spent money to collect 4-5 lots in beautiful locations, fully meeting legal conditions, because they believe that real estate prices will increase.

`There are plots of land in Dong Nai that were bought for 500 million VND per pole, but after 2 weeks there were people willing to pay 550-600 million VND. If customers sell it, it will be difficult to have the opportunity to buy it back.

Dr.

Land value in some areas near Ho Chi Minh City such as Chau Duc district (Ba Ria – Vung Tau), Long Thanh district (Dong Nai) began to level off from 2019, after growing 2-3 times compared to the year

Mr. Dinh The Hien said that this is the time when customers need to be patient, choosing investment locations associated with the wave of urbanization, with favorable conditions to form industrial parks, export processing zones and associated with key axes.

`If land prices cool down a bit in the second half of 2020, opportunities will come to investors,` Mr. Hien predicted.

Mr. Nguyen Van Dinh – Vice President and Vietnam Real Estate Brokers Association analyzed that land is the most profitable investment channel because the product forms and adds value during the planning and implementation of projects.

According to him, land value always increases proportionally to actual project investment.

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