The land plot market in Vietnam’s southern provinces is showing strong signs of a vibrant resurgence after a relatively quiet period. The current situation, characterized by a “scarcity of available plots” and continuously escalating land prices, is a hot topic, attracting significant attention from investors and genuine homebuyers alike. So, what are the underlying causes of this phenomenon, and what opportunities might this present for investors targeting promising markets like My Hanh?
1. “Thirst” for Supply Pushes Land Prices High
One of the most prominent factors today is the scarcity of quality land plots. Reports indicate that after an initial surge in transactions in early Q2, the number of available products on the market has dwindled. This has forced brokers to “hunt” extensively for landowners, even accepting more challenging terms to secure inventory for their clients.
In the eastern areas of Ho Chi Minh City, secondary market land prices have recorded impressive growth, around 20% compared to the pre-Tet (Lunar New Year) period. Notably, despite the higher prices, demand remains strong, reflecting investor confidence in the market’s growth potential. Similarly, in satellite markets like Nhon Trach (Dong Nai), while not as “feverish” as in February and March, well-located plots with clear legal status and reasonable value are still finding new owners quickly. Residential land prices there have also increased by 20-25% year-on-year, with products in the 1.6 – 1.7 billion VND range becoming particularly scarce.
2. Brokers “Hunt” for Land – Buyers Still Accept High Prices
The scarcity of inventory has created an unspoken race among brokerage firms. They are competing not only for clients but also for product sources. Proactively approaching landowners and offering attractive terms to secure exclusive land portfolios is becoming increasingly common.
On the buyer side, the “fear of missing out” (FOMO) as land prices continually set new benchmarks also contributes to maintaining market heat. Many investors are willing to accept higher prices to acquire desirable products, especially residential land plots valued between 3-5 billion VND, located near major transport arteries and key ongoing infrastructure projects.
3. Market Outlook and Opportunities in My Hanh
Experts predict that with limited supply and macroeconomic factors such as continued public investment in transport infrastructure, the general price level of land plots in the southern provinces is likely to continue rising in the near future.
In this context, areas with good development potential, relatively softer current price levels, and connectivity advantages like My Hanh (Long An) are gradually emerging as bright spots attracting investment capital. Bordering Ho Chi Minh City and directly benefiting from inter-regional infrastructure projects, My Hanh, with its ample room for land development, promises attractive profit opportunities for investors who seize the moment.
- Potential for Price Appreciation: As traditional markets reach high price levels, capital tends to shift towards suburban areas with significant potential but more “breathable” prices.
- Connectivity Infrastructure: Transportation projects expanding and connecting My Hanh with Ho Chi Minh City center and neighboring provinces will be crucial levers for growth.
- Real Demand for Housing and Investment: With the development of industrial parks and urbanization, the demand for housing and land plots in My Hanh is projected to continue increasing.
Conclusion:
The southern land plot market is entering a new growth cycle with distinct supply and demand characteristics. While scarcity and rising prices pose challenges, they also open doors for agile investors who can identify high-potential markets like My Hanh. Thorough research, choosing legally sound products, and partnering with reputable consulting firms will be key to successfully capturing investment opportunities in this phase.
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