With positive signs of recovery in both the economy and the real estate market, many individuals with savings of a few hundred million to a billion VND are considering investing in real estate, anticipating profits in the coming years as the market rebounds. But which segment should they choose?
Mr. Tran Khanh Quang, Director of Vietnam An Hoa Real Estate Investment Company, shared his insights on this matter. He suggested that now is an opportune time to consider purchasing land with red book ownership in potential areas or agricultural land with income potential, as well as land with beautiful locations and residential areas (allowing for the construction of housing).
According to Mr. Quang, there is still a significant amount of stagnant residential land with red books in the outskirts, and the prices are quite reasonable for those with idle money to invest at the right time. Profits can be made by simply applying the new land price framework.
Real estate in the outskirts with residential areas and convenient transportation can be profitable investments in a few years.
The amended Land Law of 2024 allows people with agricultural land to register for mixed-use purposes, including tourism and farms, without changing the land use purpose. This has attracted attention to this segment due to its more “comfortable” prices compared to residential land.
Specifically, with 1 billion VND, there is an opportunity to purchase a few thousand square meters or even a hectare of land, depending on the location and distance from Ho Chi Minh City. For example, in provinces 200-250 km away, such as Dong Nai, Tien Giang, Long An, Binh Duong, Binh Phuoc, and Tay Ninh, one could buy 3,000-5,000 square meters of land for fruit trees, including residential areas. In more distant provinces like Binh Phuoc, Dak Nong, and Lam Dong, the same amount of money could purchase nearly a hectare of land for coffee, pepper, cashew, or banana plantations, providing both investment potential and income.
For those who love the river, a few thousand square meters of land for fruit trees, beautiful rivers, and convenient transportation can be an excellent choice for resorts or farm stay-style tourism.
“Simply calculating an income of 8-10% per year from agricultural land compared to the total investment cost is already very good. Moreover, if one knows how to cultivate and invest, 1 billion VND can create significant returns from agriculture. However, investors need to know how to choose the right land and have the necessary expertise to maximize profits from agricultural land,” shared Mr. Quang.
The New Prime Lands: Unveiling Củ Chi, Hóc Môn, and Cần Giờ’s Potential
Many property investors in Cu Chi, Hoc Mon, and Can Gio (Ho Chi Minh City) are anticipating shifts in demand and prices in the new context.
The Capital’s Thousand-Billion-Dong Township Projects: A Competitive Business Race
The Hanoi Department of Planning and Investment has unveiled the results of the bid for two urban development projects in Thanh Tri district, with a combined investment of over VND 7 trillion. The projects include the new C3 – 1 and Lien Ninh urban areas, which promise to transform the region and offer a host of benefits to the local community.
The Capital’s Condo Conundrum: Leading the Property Market
In July 2024, the Hanoi condo market witnessed a surge in interest, with a 6% increase in online searches and a corresponding rise in listings.
The Art of the Deal: Unveiling the Secrets Behind the Sky-High Land Auction in Thanh Oai and Hoai Duc Districts
“Such opinions of tricks and collusion to inflate prices by investors are merely subjective. To make a conclusion, a comprehensive assessment report is necessary,” said Mr. Le Van Binh, Deputy Director of the Land Department, Ministry of Natural Resources and Environment.
