East Anh: Land Adjacent to the Mega Vinhomes Co Loa Project Reaches 250-260 million VND per sq. meter, Many Landowners Withhold Sales

Decline in Interest for East Anh Land

According to the latest market data from Batdongsan.com.vn, the land segment, particularly in the outskirts of Hanoi and its satellite markets, was the most vibrant segment of the real estate market in the first five months of 2025. For instance, the interest in Bac Ninh land increased by 43% compared to the same period last year, followed by Hung Yen at 38% and Bac Giang at 36%. However, since May 2025, there has been a decline in interest in land, attributed to market cautiousness following tax-related news, awaiting clearer province merger developments, and a stabilization phase after a period of rapid growth.

This trend is also evident in the land market of East Anh, with a recorded 50% decrease in inquiries and purchases compared to the land-buying frenzy post-Tet in March and April. The once-bustling weekend land-viewing scenes in hot spots like Dong Hoi, Dong Tru, Le Phap, Tien Duong, and Vinh Ngoc have now subsided.

Local land brokers attribute this cooldown to the fact that the “wave” of land interest in East Anh has lasted longer than in other areas. While land in some outlying Hanoi districts and neighboring provinces surged after the Tet holiday, fueled by province merger news, East Anh land has been in high demand since last year due to the presence of a mega-project by Vingroup.

The post-Tet frenzy, driven by positive planning and merger prospects, further catalyzed land price increases in East Anh. Now, as the frenzy subsides, East Anh land is experiencing a period of calm, in line with the broader market.

However, according to the brokers, the cooldown primarily affects individual land plots, while large-scale projects by developers like Vingroup, MIK, and Masterise within the mega-city boundaries continue to attract buyers.

Land Prices Stabilize

Despite the decline in interest and transactions, land prices in East Anh remain high and show no signs of retreating. In fact, prices have stabilized or slightly increased compared to the peak of the land fever.

Specifically, land adjacent to the Vinhomes Co Loa mega-project in Trung Thon village still commands prices of 250-260 million VND per square meter, with many landowners choosing to hold onto their properties in anticipation of future development in the area. In Dong Tru, Le Phap, Tien Duong, and Uy No, prime land suitable for business activities is priced at 197-250 million VND per square meter.

In Phuong Trach, land prices remain at 200-230 million VND per square meter, while prices on Xuan Canh street show no change from the feverish period, fluctuating between 130-150 million VND per square meter. Similarly, land prices in the northwestern part of Le Phap have stabilized at 90-115 million VND per square meter.

Tien Duong land located in alleys maintains its value at 80-110 million VND per square meter, while land in Nguyen Khe suitable for business activities is offered at 80-100 million VND per square meter. Land in remote alleys in Van Noi and Bac Hong is priced at 54-59 million VND per square meter, while alley land in Xuan Canh is valued at 86-100 million VND per square meter.

Given the solid foundations for development in East Anh, including the planned expansion of the city to the north, encompassing three districts, and significant infrastructure investments, some believe a price decline is unlikely. With the recent commencement of the Tu Lien Bridge construction and the influx of major real estate projects, the East Anh land market is poised for another growth spurt in the latter part of the year as demand and capital tend to surge during this period.