What is the Most Expensive Road in Ho Chi Minh City According to the New Land Price List?

Realignment

The Department of Agriculture and Environment of Ho Chi Minh City has sent an official dispatch to relevant departments, agencies, and units to gather public opinions on the draft Resolution of the People’s Council of Ho Chi Minh City, which outlines land price schedules to be implemented from January 1, 2026.

This land price schedule will serve as a basis for specific cases, such as calculating land use fees for resettlement areas for individuals compensated for residential land; those allocated residential land for resettlement who do not qualify for compensation; land prices will be determined based on the land price schedule at the time of approval of the compensation, support, and resettlement plan.

Calculating land use fees when the State recognizes the land use rights of households and individuals; converting land use purposes for households and individuals. Calculating land rent when the State leases land and collects annual rent; calculating land use tax; calculating income tax from land use rights transfers for households and individuals;

Calculating fees for land management and use; calculating fines for administrative violations in land management; calculating compensation for the State in cases of damage caused by land management and use. Calculating land use fees and rent when the State recognizes land use rights through land allocation with land use fees or land leasing with one-time rent payment for the entire lease period for households and individuals.

The land price schedule is also used to determine the starting price for land use rights auctions when the State allocates or leases land for plots or areas with technical infrastructure as per detailed construction plans. Calculating land use fees for land allocation without auctions for households and individuals; calculating land use fees for the sale of state-owned houses to current tenants.

According to the Department of Agriculture and Environment of Ho Chi Minh City, in the former Ho Chi Minh City area, where extensive transaction data is available, the focus is primarily on “realigning” prices across various routes, ensuring they remain consistent with the current land price schedule.

In Area 2 (former Binh Duong Province), the Department of Agriculture and Environment of Ho Chi Minh City has instructed the Land Registration Office to update resettlement prices into the price schedules of districts. As a result, roads with resettlement projects have higher prices, while others remain significantly lower, creating disparities within the same district. Updated data will help balance these differences but will still be lower than previous resettlement prices.

In Area 3 (former Ba Ria-Vung Tau Province), the Department of Finance previously adjusted prices using coefficients, which were suitable for central routes like Vung Tau and Ba Ria but remained low for rural areas. However, the increase rate is lower compared to Binh Duong, as land prices in Ba Ria-Vung Tau are still higher than in Binh Duong.

For commercial and service land, this adjustment aims to support and encourage business production, particularly in Binh Duong, which has numerous industrial zones, and to boost tourism in Ba Ria-Vung Tau.

For special land uses with low land use coefficients, requiring large areas such as golf courses, logistics yards, and gas stations, the applicable rates are 50-60-70% of commercial land prices and 30-40-50% of production land prices, depending on the area, whether in suburban communes or central wards.

This adjustment aims to reduce the burden on production enterprises, enhance export competitiveness, and create jobs. Additionally, land rent rates will be adjusted from 0.25% to 1% to lower land rent costs for production enterprises.

Promoting Fairness

Notably, land prices for some central routes in Ho Chi Minh City in the draft are only 60% of the prices suggested by consulting units. For example, Ham Nghi Street (entire length) is priced at 429.3 million VND/m² according to Decision 79/2024 dated October 21, 2024, by the People’s Committee of Ho Chi Minh City, while the survey price by the consulting unit is 654.7 million VND/m². The price for public consultation to be applied from January 1, 2026, is 429.3 million VND/m².

Dong Khoi Street (entire length) is priced at 687.2 million VND/m² according to Decision 79, with a survey price of 954.3 million VND/m², and the price for public consultation to be applied from January 1, 2026, is 687.2 million VND/m².

Nguyen Hue Street is priced at 687.2 million VND/m² according to Decision 79, with a survey price of 954.3 million VND/m², and the price for public consultation to be applied from January 1, 2026, is 687.2 million VND/m². Cong Truong Quoc Te Street is priced at 340.2 million VND/m² according to Decision 79, with a survey price of 489.1 million VND/m², and the price for public consultation to be applied from January 1, 2026, is 340.2 million VND/m². Le Quy Don Street is priced at 218.7 million VND/m² according to Decision 79, with a survey price of 275.8 million VND/m², and the price for public consultation to be applied from January 1, 2026, is 218.7 million VND/m²…

Mr. Nguyen Toan Thang, Director of the Department of Agriculture and Environment of Ho Chi Minh City, stated that this land price schedule is developed based on the socio-economic development conditions of each area and locality within Ho Chi Minh City. Appropriately set land prices will positively contribute to land management, attract investment, promote economic development, and serve as an economic regulation tool for Ho Chi Minh City, addressing limitations of previous land price schedules.

“The adjusted land price schedule affects cases of land allocation without auctions for households and individuals. However, this impact promotes fairness among land users, as per the 2013 Land Law, where individuals whose land is reclaimed for resettlement are compensated based on market prices. Now, under Article 111, Clause 3, of the 2024 Land Law, compensation is based on the land price schedule,” said Mr. Thang.

Consequently, individuals resettled in the future or those allocated land without auctions on these routes will be subject to the same prices, ensuring a balance of interests among the State, land users, and investors.

Regarding land use fee calculations for the sale of state-owned houses to current tenants, the adjusted land price schedule impacts these calculations but is updated to reflect the actual land price situation in Ho Chi Minh City.