In early 2025, the real estate market in Hung Yen has gained considerable attention, particularly with the soaring prices in the land nền sector. According to a report by Batdongsan.com.vn, Hung Yen has become one of the most searched provinces for real estate investments this year, indicating a shift in investor interest towards regions surrounding Hanoi.
The Van Giang district stands out as a hotspot for such investments, driven largely by the presence of numerous large-scale projects. Recent market assessments reveal that land prices in this area have seen dramatic increases over the last five years. For instance, in 2020, land prices in the vicinity of the Van Giang roundabout—a crucial commercial hub home to several restaurants, banks, and hotels—were between 55-60 million VND per square meter. As of March 21, 2025, these prices have jumped to an astonishing 125-150 million VND per square meter.
Beyond the roundabout, even less prominent plots in Van Giang have seen price hikes. Land along the main roads of Van Giang town rose from a price range of 28-35 million VND per square meter to between 50-60 million VND per square meter, indicating strong demand across various segments of the market.
Similar trends are observed in nearby communes like Phung Cong, Xuan Cao, and Cuu Cao, close to the popular Ecopark development. Here, land prices have increased from 25-30 million VND per square meter to 40-55 million VND per square meter, with service plots reportedly doubling in price over the past four years to reach current rates of 80-120 million VND per square meter, with less favorable locations seeing prices between 38-52 million VND per square meter.
The upward price trend isn’t limited to Van Giang; even within Hung Yen city, prices for land nền have escalated. Commercial land along key streets such as Luong Dinh Cua, Ta Quang Buu, and Ton That Tung has risen from 18-25 million VND per square meter to 30-35 million VND per square meter. Similarly, land in Hien Nam ward, including An Vu, Nguyen Bieu, and Nguyen Van Linh streets, has seen prices increase from 17-25 million VND per square meter to 26-32 million VND per square meter.
Local experts are making observations that further fuel this growing interest in the market. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, recently noted, "The number of investors looking for land nền in Hung Yen has increased sharply after the Lunar New Year. The success rate of transactions has increased by 20% compared to the end of last year." This uptick in investor activity may be attributed to improved infrastructure and favorable governmental policies stimulating development in the region.
In addition, Ms. Do Thu Hang from Savills Hanoi highlighted that ongoing improvements in infrastructure, particularly major routes like the Ring Road 4 and the Hanoi - Hai Phong expressway, will enhance Hung Yen's connectivity. Ms. Hang stated, "Hung Yen will become more and more competitive as the infrastructure is completed." This sentiment speaks to the long-term viability of investments in the area as logistical advantages grow more pronounced over time.
Moreover, in early March 2025, Hung Yen province held a significant land auction that showcased this vibrant real estate market. More than 400 plots were put on the block across several districts including Phu Cu, An Thi, Tien Lu, and Khoai Chau, with starting prices as low as 8 million VND per square meter. Notably, a plot in Khoai Chau fetched a whopping 158 million VND per square meter, placing it on par with land prices in certain districts of Hanoi.
This surge in demand has drawn speculation from various investors, some of whom are cautious due to potential market volatility. Experts warn that while Hung Yen presents ample opportunities, the phenomenon of localized price surges can lead to inflated assessments that stray significantly from market realities. To safeguard their investments, they advise potential buyers to focus on areas with clear planning and robust infrastructure links, rather than getting swept up in hype.
In conclusion, the real estate landscape in Hung Yen is evolving rapidly, characterized by rising prices and increased investor interest. The dual factors of infrastructural development and local project initiatives are expected to further entrench the province's position as a focal point for real estate investment. Investors are thus encouraged to stay informed and consider the long-term strategies when engaging with the dynamic market in Hung Yen.
