2022 – According to The Global City, land owners in Thu Duc and Binh Chanh cities simultaneously pushed prices

The Global City – Real estates in Thu Duc and Binh Chanh cities are sold by landowners right before the new year 2022, while some other areas are still priced at the same price.

As one of the long-time investors in the market in the East of Ho Chi Minh City, Mr. H.Đ, said that in the past two weeks, the price of land in the old district 2 and some areas of Thu Duc city has rapidly boiled. move again.

“Walking around Thanh My Loi, An Phu, An Khanh, a series of landowners have offered new prices ranging from a few dozen to hundreds of millions of dong per plot of land compared to two months ago,” said Mr. H.D.

This investor said he cannot remember the number of times the real estate market in District 2 has hit a new peak in the past 5 years. However, in 2021, the Covid-19 pandemic has strongly affected the market's transactions as well as the psychology of real estate buyers, since then the market has been quite quiet for about half a year.

Warm up again after half a year of silence

“The result of the land auction in Thu Thiem is shocking news to investors. This is the basis for those who own real estate in the areas around Thu Thiem in particular and the East of the city in general to have more confidence in the strong price growth in the near future," he added.

As noted by The Rivus Saigon, the price of land on Truong Van Bang Street, Thanh My Loi Ward has increased by 80-100 million VND/m2 in the past 2 weeks, raising the price level of this road to 450-500 million VND. VND/m2.

At the nearby Huy Hoang residential area, located near the People's Committee of Thu Duc City, which had a price before the epidemic at about 160-300 million VND/m2, the landowners also raised the price by 10-15 million VND/m2. this early year. Looking across the old district 2 market, landlords are also selling new apartments and land plots with prices increasing by 15-20% compared to the beginning of 2021.

Brokers also said that recently, groups of investors from the northern provinces have quickly returned to this area.

Real estate prices in Thu Duc City fluctuated sharply after the auction of 4 land lots in Thu Thiem.

According to the report of the fourth quarter of 2021 of Cho Tot Nha, when the epidemic situation in Ho Chi Minh City is under control, the demand for real estate sales has increased rapidly again. In which, the 3 areas that are most attractive to investors are District 12, the old District 9, and the old Thu Duc district with an increase in demand compared to the third quarter of 2021 by 250%, 210% and 190% respectively. District 9 and old Thu Duc were also areas with the highest price increase in the last 3 months of the year with an increase of 6.8 and 8.4%.

Besides, Binh Chanh district market has also had a strong wave of real estate investment in the past 2 months. The seller actively raised the price by 10-15%.

In Vinh Loc A and Vinh Loc B, land lots of 80-90 m2 are priced at an average of about 3.2-4 billion VND depending on location. In just a short time, the average land price here has increased from more than 20 million VND/m2 to about 40 million VND/m2. The selling price of land and apartments in Binh Chanh on online real estate brokerage sites also increased sharply by 10-20% in the last 2 months of 2021.

Strike from Thu Thiem land auction results

On December 10, 2021, Ho Chi Minh City successfully auctioned 4 plots of land in the 3rd functional area of the northern residential area, Thu Thiem New Urban Area (Thu Thiem City) with the price of 37,350 billion, 7 times higher than the starting price. In which, the highest auction price is more than 2.4 billion VND/m2.

Mr. Trung, head of the brokerage department of a real estate business, said that one week after the auction of 4 land lots in Thu Thiem, he negotiated to rent a shophouse on Nguyen Co Thach Street in Sala urban area for customers. row. On the first day, the owner asked for $ 7,500 / month, but when closing the next day, the owner wanted $ 8,000.

"I asked why the price increased after only one day, the owner said that the price of commercial and rental real estate in this area 'now has changed' after the last auction," Trung said. In this area, a shophouse has been vacant for a long time because there are no tenants, but the owner still sells for more than 100 billion VND.

Land auction results in Thu Thiem are typical of disturbing the market – Finance Minister Ho Duc Phuc

Mr. Le Hoang Chau, Chairman of HoREA emphasized that the price of winning land at the auction of 4 Thu Thiem land lots is too high, which can have a negative impact on all segments of the real estate market according to the "equalization" effect. obstacles to realizing the goal of pulling down commercial housing prices.

Analyzing more about the land auction in Thu Thiem, Finance Minister Ho Duc Phuc shared that a m2 of land in Thu Thiem costs VND 2.4 billion, while the infrastructure is not synchronized compared to District 1. "abnormal". The price of land in the area of Nguyen Hue street - according to the minister - is about 1-1.5 billion VND/m2.

"The results of the land auction in Thu Thiem are typical of disturbing the market," said Minister Phuc.

According to experts, Ho Chi Minh City's real estate market has been "compressed" after a long time due to scarce supply and the impact of the Covid-19 pandemic. Besides, many business fields are strongly affected, so investors' cash flow is now turning to real estate as a haven for 1-2 years. Therefore, along with the results of the auction of 4 land lots in Thu Thiem, the interest in real estate and the volume of transactions will increase in 2021.