As the real estate market in Vietnam's suburbs sees unexpected price increases, many investors are weighing their options amidst predictions of further growth. A range of suburban areas, particularly around Hanoi, including Son Tay, Ba Vi, Thach That, and Quoc Oai, have experienced noticeable increases in land prices between 10% and 20% since the beginning of 2025. According to PropertyGuru Vietnam, the Thach That district has shown an approximate 10% upward trend in land prices compared to mid-2024.
Specifically, land prices in Tien Xuan commune have increased from 27-30 million VND/m² to 29-32 million VND/m², while Binh Yen has seen a rise from 20-22 million VND/m² to 22-24 million VND/m². Similarly, in Thach Hoa, the price has gone from 35-36 million VND/m² to about 38-40 million VND/m².
Real estate experts suggest that this increase is a sign of renewed interest from buyers. Mr. Tran Van Minh, a real estate broker in Hoa Lac, noted that specific areas within the region, such as Yen Bai, Van Hoa, and Yen Binh, are seeing significant foot traffic from potential buyers. He stated, “Prices have jumped 10-20%, and I show dozens of clients properties in Hoa Lac and Quoc Oai every week.”
In Quoc Oai, Hòa Thạch's prices for land plots accessible by cars have risen from 21-23 million VND/m² to 23-25 million VND/m², reflecting a broader trend of price increases in other nearby areas as well. For example, land on Provincial Road 412B in Dong Yen increased from 37-41 million VND/m² to 40-43.5 million VND/m².
The real estate market in the region began heating up following the Lunar New Year, with rising prices and increasing buyer interest in regions like Hoa Binh, Hung Yen, and Ky Son. The resurgence in buying activity has been driven partly by governmental announcements regarding infrastructure development and economic incentives designed to stimulate the housing market.
Experts see this revival as part of a larger trend initiated by the announcement of legal reforms in 2024 that promised to enhance the investment climate in the real estate sector. Mr. Nguyen Van Dinh, President of the Vietnam Association of Real Estate Brokers (VARS), stated that the psychological impact of these reforms and the completion of several infrastructure projects are keeping investor interest high. He explained, “This is the perfect time to gather land ahead of future development.”
While many investors are optimistic, they must remain cautious. Mr. Le Dinh Chung, a member of VARS’s market working group, emphasized that although prices are rising, increased liquidity is not guaranteed immediately. Investments in land plots around Hanoi should also be regarded as middle-term strategies, requiring at least 1-3 years for recuperation of costs. “Investors should focus on areas with well-developed infrastructure,” he advised.
Beyond Hanoi, other regions like Binh Duong and Ba Ria-Vung Tau also show signs of investor interest, with many buyers becoming eager due to the news of their potential merger with Ho Chi Minh City. This merger is perceived as a catalyst for price increases and heightened demand in the property market.
Mr. Nguyen Van Hien, a broker in Thu Duc, observed sharp transaction increases in Long Phuoc, where previously unsold plots have been cleared. Notably, rough houses in Dong Tang Long Urban Area also saw prices rise by 15-20% compared to the end of 2024, with buyers primarily coming from northern Vietnam.
In Binh Duong, cities like Di An and Thuan An are also witnessing increased buyer interest, driven by ongoing improvements in infrastructure and low interest rates. According to Mr. Tran Hieu, Deputy General Director of DKRA Vietnam, “In just a few weeks, customer inquiries about our apartment project in Thu An have surged.”
With the influx of investment buoying the real estate sector, experts caution potential pitfalls. Notable is the phenomenon known as ‘FOMO’ (fear of missing out) tends to make investors act hastily, potentially inflating prices too quickly based on rumors or speculative motives rather than solid data and analysis.
The evolving real estate landscape indicates opportunities accompanied by risks, leaving investors to carefully navigate promising prospects with long-term considerations. Multiple parties highlighted that effective real estate investments require extensive research and diligence, particularly in a market influenced by rapid changes and speculative actions.
The ongoing developments in regions like Khanh Hoa demonstrate that property prices are responding favorably. Following news of possible administrative mergers, prices have reportedly increased by 10-15% compared to previous years. New investment flows into areas like Cam Ranh are also spurred by high-profile project completions.
The market sentiment remains cautious yet hopeful, with more structured opportunities on the horizon. As the 2025-2026 timeframe sees the integration of new real estate laws, a measured investment strategy may yield fruitful returns for those ambitious enough to enter the market now.
Overall, the situation presents a complex interplay of opportunity and risk, driven by anticipated infrastructural developments, investor psychology, and economic policy adjustments. Investors are encouraged to maintain a discerning eye on market dynamics as they unfold, focusing on properties with robust legal frameworks and favorable demographic trends.
