Be careful with the "land fever" following the information of merging provinces and cities

ANTD.VN - Since the information about merging provinces and cities has been built by the authorities, the situation of "land fever" has occurred in all localities. Land prices have been jumping like "possessed", making many people worried.

Price increase competition

Land prices in neighboring localities of Hanoi such as Bac Ninh, Hoa Binh, Ha Nam... are "dancing" every day. In Hanoi, land in suburban districts is also being "inflated" by real estate brokers, forming "real estate streets" although many land auctions organized by local authorities recently have tended to go down, prices have dropped sharply. Many localities have continuously issued warning documents, even requested the police to investigate and rectify any violations of land price inflation.

Real estate brokers are busy at a project in Dan Phuong district, Hanoi.

Mr. Vu Cong Khoa in Dong Thap commune, Dan Phuong (Hanoi) said that since the beginning of 2025, the introduction and information activities about land trading in Dan Phuong district have become more active, especially since a number of large real estate projects have been implemented. "Land prices in Dan Phuong are being "inflated" by brokers every day, making us quite confused. In some areas, prices have even been pushed up to an unimaginable level of 300 million VND/m2. We really hope that the authorities will step in to inspect and strictly handle brokers who spread rumors, "inflate" prices, causing unrest among the people" - Mr. Khoa expressed.

Similarly, land prices in many places such as Hung Yen City, Van Giang District (Hung Yen), Viet Tri City, Ninh Binh City, Bac Giang City... have been increasing by 5-15% compared to the end of last year. Many landowners have even increased prices by more than 20% to benefit from the merger "wave". Mr. Tran Dinh Toan, a broker at Dong Do Real Estate Company (Hung Yen) said that land prices here have increased many times compared to 1 year ago. Land prices are very chaotic, in hot spots, prices increase every day even though the infrastructure is nothing special.

Similarly, in Viet Tri city (Phu Tho), land prices here increased by 20-30%, especially in some places up to 50%. Among them, the land price in Thanh Mieu ward resettlement area must be mentioned. Before Tet 2025, the average price fluctuated from 25-30 million/m2, but now the lowest price offered is 36 million VND/m2 (an increase of 20%).

Land prices in many places have skyrocketed following news of province and city mergers.

Warning of virtual "fever"

According to the Bac Giang Provincial Electronic Information Portal, recently in some areas in the area, there has been a virtual real estate "fever" when many people often focus on learning, providing information, and making transactions to buy and sell houses and land in a short time.

Some investors and real estate brokers take advantage of information related to the separation and merger of administrative units to spread rumors, deliberately pushing up real estate prices beyond the nature of the market, luring people to participate in establishing capital contribution and illegal sales contracts. There are even signs of staging transactions to buy and sell with large differences to deceive buyers, creating a mentality of quick and easy high profits. Some investors show signs of illegal capital mobilization and use many forms of selling real estate products when they do not meet the conditions... Such actions disrupt and distort the real estate market, pose many risks to buyers with real needs, and risk causing disputes and lawsuits, causing instability in local security, order, and social safety.

Faced with the above situation, the Chairman of the People's Committee of Bac Giang province requested the Department of Construction to immediately set up a hotline to receive feedback and deploy a peak period of inspection and handling of violations in real estate business. At the same time, the Department of Construction of Bac Giang must organize timely inspections and strictly handle violations according to its authority. If there are signs of law violations, it must be immediately transferred to the police for investigation according to regulations. At the same time, the Department of Finance shall preside over and coordinate with the Department of Construction and the Tax Department of Region VI to review and compare information to inspect the implementation of State legal regulations on business registration in Bac Giang province for investors and real estate trading floors; promptly and strictly handle violations according to the provisions of law.

Not only Bac Giang but many provinces and cities have continuously issued warnings about the risk of virtual land "fever", especially in areas predicted to be new administrative centers. Thai Binh Provincial Police have also just issued a warning to investors to stay calm and not believe in rumors. If you discover fraudulent or market manipulation, you should promptly report it to the nearest police agency.

Similarly, the Department of Construction of Phu Tho province warned about the risk of virtual land fever in the area. This unit said that so far, the number of transactions on the floors is still limited. The high land prices are just a trick of "land brokers" to "inflate" the price. People who want to buy land need to carefully research the information to avoid falling into the price-fixing trap of "brokers".

Ninh Binh and Tuyen Quang provinces also issued warnings about the sudden increase in land prices in the area due to rumors. The Ninh Binh Provincial People's Committee assigned the provincial police to inspect real estate transactions, especially in Hoa Lu City, to verify the unusual price increase. The Tuyen Quang Department of Agriculture and Environment also warned that the rush to buy land in areas suggested by "brokers" only disrupts the market.

Many risks

According to the Vietnam Association of Realtors (VARS), after a few weeks since the information about the proposed merger of provinces and cities, land prices in some localities have been pushed up, mainly in places predicted to be the merger centers. VARS said that the local land "fever" is not new. Market history shows that every time there is information about new planning, land prices in the related areas often increase sharply in the short term. The main reason comes from the "FOMO" (fear of being left behind) mentality of investors. This leads them to be more urgent and hasty in their land purchase decisions with the belief that the change will certainly lead to economic and social development, along with an increase in real estate prices. At present, this decision is also promoted and resonated by the prediction that the adjustment of land price lists in the coming time in localities will indirectly push up land prices.

In fact, most of these price increases are speculative in nature. Because even if there are administrative changes related to the merger decision, it is not certain that it will lead to outstanding development in the areas, at least in the short term, especially in the context of real estate prices being pushed up compared to the income of the majority of people. VARS also warns that hasty decisions when hearing information about the merger of provinces and cities without careful research and evaluation will cause investors to face many risks. As a result, many investors have their capital tied up, not having enough strength to last until real estate prices really increase.

Source: https://www.anninhthudo.vn/can-trong-voi-con-sot-dat-an-theo-thong-tin-sap-nhap-tinh-thanh-pho-post607451.antd