The most expensive land in Vietnam In which city? Where is the most expensive road in Vietnam located on the map? In this article, Vninvestment will introduce to you 6 “golden” lands with the most expensive spears in Vietnam at the present time, 2022.
Table of Contents
What factors affect the price of land in Vietnam?
Here are the factors that affect the price of land “rapidly increasing” or “low falling to the floor” that you need to pay attention to:
- Supply and demand factors of the market
Supply – demand has a great influence on land prices in Vietnam. This rule governs many other industry markets and the land – real estate market is no exception. The law of supply and demand will depend on the land fund, urban development planning plan, ..
- Economic factors:
The growing economy will lead to an increase in land prices because land prices depend greatly on the stability of the currency. If the purchasing power of money decreases, the price of land will increase and vice versa.
- Land price prediction in 2022
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- Elements of space and time
Time and space factors are very important for the movement of land prices. In many key areas, land prices will increase rapidly in a few months, areas that are assessed as potential according to the planning scheme to upgrade infrastructure, urban areas of the state will create a land fever. in the real estate village in that area.
Land is an asset owned by the entire people but is represented by the State as the main owner, so the State will unify the management of land to ensure that the use of land is both legal and appropriate. management and maximize efficiency.
Where is the most expensive land in Vietnam?
Where is the most expensive land in Hanoi located?
1. Le Thai To Street – Hoan Kiem Hanoi
Le Thai To Street is a road located next to Hoan Kiem Lake – the symbol of Hanoi Capital. This place is considered a key central area because it is associated with the symbol of Hanoi, so it is also developed in terms of tourism. Therefore, every year Hoan Kiem Lake welcomes a large number of tourists, so business activities here are extremely exciting. The price of land on Le Thai To street ranges from 1 to 1.1 billion VND/m2 and always fluctuates and increases year by year.
2. Hanoi Old Quarter
Hanoi Old Quarter is considered the cradle of traditional industries with:
- North: Hang Dau street
- South: Hang Bong Street, Hang Gai, Cau Go, Hang Thung, ..
- West: Phung Hung Street
- East: Tran Quang Khai Street and Tran Nhat Duat Street
Because it is the convergence of many famous traditional craft villages, the land price here fluctuates very high up to 1.3 to 1.5 billion/m2.
Discover the most expensive land in Saigon with sky-high prices 2022
1. Land Thu Thiem
The auction on December 10, 2022 of the Property Auction Service Center under the Ho Chi Minh City Department of Justice has officially brought the land in Thu Thiem area – Ho Chi Minh City from VND 2,942 billion / 1 lot to VND 24,500 billion / 1 lot. It is estimated that each square meter in the land lot being auctioned in Thu Thiem is priced at 2.4 billion VND. An extremely high and shocking price compared to the most expensive land plots in Vietnam in previous times.
2. Dong Khoi area – District 1
Dong Khoi area is known as the million-dollar road of Vietnam when the land in this area is considered as expensive “golden land”. Houses located in this area are for sale with many record high prices in Vietnam from 1.5 to 2 billion VND/m2.
Dong Khoi Street now has a length of about 1.5 km extending from the facade of Notre Dame Cathedral to Bach Dang Wharf. This place is known as the area where many large 6-star hotels are located with extremely high service costs.
3. Ton Duc Thang – Nguyen Hue walking street
Where is the most expensive land in Vietnam? The next area with the most expensive land in Vietnam, it is impossible not to mention that it is the route located next to Nguyen Hue pedestrian street – Ton Duc Thang street – Le Loi – Nguyen Hue. According to the land price list of the People’s Committee of Ho Chi Minh City issued and applied for the period 2015-2019, real estate in this area is priced at 162 million VND/m2.
But in fact, the price of land at this route is for sale for no less than 800 million/m2 and is 7 to 8 times higher than the announced level of the People’s Committee.
4. Nguyen An Ninh Street, District 1, Ho Chi Minh City
Nguyen An Ninh Street with a length of 150m is the intersection between Phan Chu Trinh Street and Truong Dinh Street. This area is close to the Metro station and the 23/9 park in District 1, so there is lively trading activity. The land price here is about 1.3 billion VND/m2.
Which city is the most expensive street in Vietnam?
Lot 3-12 in Thu Thiem with an area of 10,059 m2 with a starting price of VND 2,942 billion was auctioned to VND 24,500 billion for the right to use the land. Estimated difference is 8.3 times compared to the starting price from which to calculate each square meter in the land lot costs 2.4 billion. The auction was held at the auction on December 10, 2021 of Property Auction Service Center, Ho Chi Minh City Department of Justice,
With this price, the most expensive street in Vietnam has called Ho Chi Minh City with the land area of Thu Thiem. This is also a step that marks the history of land prices in Vietnam because it is officially on par with the most expensive real estate in the world such as Hong Kong, Tokyo, ..
Some other areas have the most expensive land prices today
Besides the two big cities of Vietnam, Hanoi and Ho Chi Minh City. Some other areas with the most expensive land prices in Vietnam are located in other big cities and areas with strong tourism and economic potentials such as: Da Nang, Hoi An Ancient Town, Phu Quoc, Nha Trang, etc. ..
The most expensive land in Vietnam where? In which city is the most expensive street in Vietnam located? This article has provided you with 6 expensive “golden” lands in Vietnam located in 2 big cities: Ho Chi Minh City and Hanoi. Hopefully this article has given you some useful information about the highest real estate prices in Vietnam today.