“Provincial Land Prices are on the Rise: Investors Eye the Market”

Recently, while following investors looking to purchase land in Long An, we noticed that land prices in the area have started to rise. Land with red books has increased by at least 10% compared to the end of 2024 and by 10-25% compared to the same period in 2024, depending on the location and land area.

Initially, we expected to find abundant supply here due to the scarcity of land in Ho Chi Minh City. However, finding suitable products was challenging as the primary supply to the market was very limited.

Some land projects in the Long Hau, Tan Lap (Can Giuoc), and Hau Nghia (Duc Hoa) areas, located on the frontage with synchronous infrastructure, are now priced at around VND 30-35 million/sqm and are becoming hard to find.

We stopped by the THE 826 EC project, located on the frontage of two provincial roads, DT826C and DT826E (Long Hau – Can Giuoc), developed by Hai Thanh. The 15-hectare project is preparing to open for sale at a price of VND 35 million/sqm. This is also a rare supply in the area entering the market at this time. Previously, neighboring projects such as Saigon Village, T&T Millennia City, and Saigon Riverpark have been open for sale for quite some time, and the secondary price has increased by 15-20% per year.

According to Mr. Kiet Nguyen, Sales Director of the THE 826 EC project, in this opening sale, buyers only need to pay a 20% initial payment, which can be extended over 12 months, with banks supporting a loan of 70% over 35 years. The scarcity of primary supply, along with the series of infrastructure being implemented in the area, is expected to positively impact the project’s price level in the future. Even before the official opening, many investors have started to show interest in the project.

We continued our investigation at the Saigon Riverpark project on Truong Van Bang Street (Tan Lap), located next to Can Giuoc Bridge, one of the few land projects in the area with primary supply remaining. After the opening sales from the end of 2024, land prices here have increased by 10-20%. Some households have started building houses, and secondary transactions remain stable.

In the Hau Nghia (Duc Hoa) area, some land projects around large urban areas such as Vinhomes Green City, which has just started construction, recorded secondary prices increasing by at least 15% compared to the same period last year. Some investors who have been holding land for quite some time have started to sell, while others are buying, expecting the progress of large-scale projects and the completion of the area’s infrastructure.

It took us almost a day to survey the land market in this area. However, finding projects priced at VND 20-30 million/sqm like in the 2021-2022 period is very difficult, except for land owned by individuals. Some projects currently priced at around VND 35 million/sqm may become rare in the future as land prices continue to rise due to scarce supply and high demand.

This shows that land prices in projects adjacent to Ho Chi Minh City have quietly increased over the years. After the infrastructure investment and strict subdivision control, the supply of new land decreased, pushing up land prices. Many investors are anxious about land price movements during these periods. Some even expressed regret for selling too early before the Lunar New Year, as prices have since increased further.

Previously, a survey of the Nhon Trach land market showed that land prices increased by 20-30% compared to the same period last year. The period after the Lunar New Year saw the strongest price increase, but now the rate of increase has slowed down. The land supply of HUD in Long Tho, Nhon Trach, is no longer abundant as many investors have bought and are waiting for prices to rise.

According to observations, many investors, after realizing profits from the Ho Chi Minh City land market, have turned to seek opportunities and diversify their investment portfolios in neighboring areas. However, they usually do not go too far, focusing on areas 15-30 km away from Ho Chi Minh City, prioritizing places with synchronous infrastructure and potential for price increases.

While land prices in areas such as District 9, Cu Chi, and Hoc Mon in Ho Chi Minh City fluctuate between VND 50-70 million/sqm (depending on the location), land prices in neighboring areas, at around VND 30-40 million/sqm, are still considered by investors to have potential for price increases. The predicted increase could be between 20-30% within 1-2 years.

Recently, the land market in provinces adjacent to Ho Chi Minh City, such as Long An, Dong Nai, and Binh Duong, has become vibrant again after a period of stagnation. Many investors are starting to look for reasonably priced land plots in these areas. In particular, investors from the North are interested in land projects located on major roads, close to the center of Ho Chi Minh City, and key infrastructure projects under construction. They expect to achieve good profits by investing in the medium and long term.

In fact, the investors’ expectations of price increases are well-founded. Many key infrastructure projects in the areas adjacent to Ho Chi Minh City are continuously being invested in and expanded, driving the real estate market. For example, projects such as the Ben Luc – Long Thanh Expressway, Ring Road 3, Ring Road 4, National Highway 50, National Highway 50B, DT827E, and DT826E are under construction or have been completed, contributing to the investors’ psychology and expectations of land price increases in the future.

According to Mr. Tran Khanh Quang, an experienced real estate investor, land prices may rise again towards the end of 2025 as the infrastructure enters the completion phase. After the bustling period in Ho Chi Minh City from the end of the first quarter of 2025 until now, the heat of the land market shows signs of spreading to neighboring provinces. Mr. Quang predicts that in the next six months, provincial land prices could increase by 10-20%, depending on the area.

However, according to Mr. Quang, legal factors still need to be considered by investors when investing in land. At the same time, carefully consider and evaluate the area of the market you want to invest in to avoid liquidity difficulties when the market fluctuates.