Each m2 of land in front of two old streets of Hang Trong and Hang Hanh (Hanoi) is being offered 1.25 billion VND, while the highest price ever successfully traded is approximately one billion VND per m2.
Golden Brick Company - a unit that provides land valuation data based on algorithms and interactions of more than 2 million searches per month has just published a new study on the top 10 routes with the highest land prices in the capital. The results of the report updated to November 10, 2016, show that the streets with the leading land prices in Hanoi market are mostly located in the old town.
According to this study, in the top 10 routes with leading land prices in the capital, there are 9 routes in Hoan Kiem district. Hang Trong and Hang Hanh are two streets with equal frontage land prices and are leading in Hanoi. The highest negotiated price recorded in the past 10 months is up to 1.25 billion VND per m2, successful transactions are common at the threshold of one billion VND per m2, the average level is 750 million VND and the lowest is about 635 million VND. copper per m2.
One square meter of land in front of Hang Hanh street is traded at the highest price of 1.25 billion VND. Photo: Dieu Huyen The third place is Phan Chu Trinh street with 741.6 million VND per m2. Nguyen Bieu Street in Ba Dinh District, approximately 730 million VND. The last stop in the top 5 is Bao Khanh route valued at 700 million VND per m2. The positions ranked sixth to the bottom of the top 10 are Hang Ca (VND663.3 million per m2), Hai Ba Trung (VND 634.4 million), Nha Chung (VND600 million), Nguyen Huu Huan (VND 600 million), and Nguyen Huu Huan (VND 600 million) respectively. 582.3 million dong), Independent (580 million dong). In addition, this unit also provides the top 5 districts with the highest land prices in Hanoi based on the average price calculation method. Hoan Kiem District is the leading area, recording 349.7 million VND per m2, far ahead of the rest. In second place is Ba Dinh district with 170 million VND per square meter.
Dong Da and Hai Ba Trung districts hold the next position, respectively, priced at 139.7-121.2 million VND per square meter. Cau Giay district is at the bottom of the top 5 with over 106 million VND per square meter. In 2015, the land price list of Hanoi city was approved and valid for 5 years (2015 - 2019), the land frame in Hoan Kiem district reached the ceiling price according to the Government's regulations, with the highest price of 162 million VND. per m2.
However, compared to the actual asking and trading prices, this is considered too low. Mr. Nguyen Dang Thang, Director of Hanh Phuc Real Estate Floor, a unit specializing in this segment, said that in Hanoi, the area near Hoan Kiem Lake is the price of real estate being sold and traded in. highest level. Accordingly, in some streets such as Hang Hanh, Bao Khanh ... recently, the price was about 1.2 billion VND per m2. The level of successful transactions is only slightly lower, about 1.1 to 1,150 billion dong per square meter. Other streets like Hang Trong, Phan Chu Trinh... the price is a bit "softer" but not less than a billion dong. "The price also depends on the area of the land plot, the width of the facade and the value of the construction works on the land. Small plots of land cost per m2 higher and vice versa," said Mr. Thang.
Also according to the leader of this floor, compared to the same period last year, the price of the old town has increased by about 10-15%. Compared to about 3 years ago, the price in some places has increased up to 30%. Along with the price increase, according to him, the transaction situation is also better when the demand doubled compared to 2 years ago.
"Customers who buy these properties are mostly private owners. Sometimes the price offered by the seller is so high that it seems unreasonable, but the buyer still accepts it and the transaction happens quite quickly," said Mr. Thang. He also said that this unit is being used by more than 100 customers looking for houses in the old town to buy, the number is many times higher than about 3 years ago. According to a survey by VnExpress, currently real estate in a series of areas such as Bao Khanh, Hang Trong, Hang Dau, Cau Go, Hang Gai, Hang Buom, Dinh Tien Hoang ... are having the highest selling price, over one billion VND per square meter.
An expert said that if in Ho Chi Minh City, the selling price of over one billion VND per m2 is only recorded in a few specific locations such as the area of Nguyen Hue pedestrian street, in Hanoi, such selling prices are scattered. garbage over a larger area. "The price of 1.2 billion VND per m2 in Ho Chi Minh City is mainly recorded with customers and investors who buy many land lots to develop large projects. In Hanoi, the above transactions are mainly those individual customers", this expert assessed.
