Despite the recent market cooldown, a real estate broker and investor in Nhon Trach, Dong Nai, shared that a group of investors is still actively seeking land deals. These investors are looking for opportunities to acquire multiple plots of land, with transactions valuing tens to hundreds of billions of dongs. Their strategy is to “put down deposits immediately” on lands with attractive prices, prime locations, and distressed sales. These investors are confident that with the expected land price adjustments and market recovery, prices will surge again by early 2025. The broker emphasized their unwavering belief in price increases, given the improving conditions in the real estate market.
Notably, another group of investors has emerged, pouring significant capital into real estate purchases due to the anticipated taxation changes by the government, which they believe will further drive up land prices.
Real estate brokers remain diligent in their search for properties that match their clients’ criteria.
With the recent release of new land price tables in areas neighboring Ho Chi Minh City, investors have been keeping a close eye on potential assets. They continue to hold onto their investments, awaiting market signals for their next move. Even amidst the backlog of land paperwork in Ho Chi Minh City due to pending land price tables, investors quietly persist in their quest for lucrative deals.
According to a broker in the eastern part of Ho Chi Minh City, a group of investors is actively acquiring multiple adjacent land plots, and brokers are being urged to find suitable products. These investors are typically well-prepared with cash in hand.
Additionally, there have been instances of speculators hoarding properties to create artificial scarcity and drive up prices for higher profits. Experts caution that such practices are detrimental to the healthy development of the economy. Unfortunately, the legal system currently lacks policies to regulate, control, and prevent land speculation and price manipulation, which has been a contributing factor to the land fever witnessed in various localities over the years.
While short-term land fever is unlikely in the southern real estate market, the investors’ strategy of acquiring multiple properties in anticipation of price increases could still result in significant price hikes, especially given the increasingly limited supply of properties entering the market.
Unveiling the Strategies of Land Auction Speculators
The Hanoi land market witnessed an unprecedented surge in August, with auction prices skyrocketing and consecutive sell-out sessions. Speculators employed tactics to manipulate land prices, creating a frenzied atmosphere in the outlying districts. This phenomenon has ignited a “fever” in the land foundation market, with each auction outbidding the previous one.
Unveiling the Strategies of Land Auction Speculators
The Hanoi land market witnessed an unprecedented surge in August, with auction prices skyrocketing and consecutive sell-out sessions. Speculators employed tactics to manipulate land prices, creating a frenzied atmosphere in the outlying districts. This phenomenon has ignited a “fever” in the land foundation market, with each auction outbidding the previous one.
The Ministry of Construction Flags Unusual Property Price Hikes in Hanoi’s Real Estate ‘Hotspots’
The Hanoi apartment market has seen an unusual surge in prices, with certain projects and individual properties in districts such as Tay Ho, Hai Ba Trung, Ba Dinh, and Hoai Duc experiencing a significant hike. This anomaly has caught the attention of the Ministry of Construction, who have noted that these prices are out of step with the broader market and the needs of the local population.
