In 2024, the real estate market in Ha Nam province recorded 8,733 successful transactions, an increase of 32% compared to 2023. Of which, one enterprise "closed" 990 land transactions, with a total value of more than 1,499 billion VND.
In 2024, the real estate market in Ha Nam province recorded 8,733 successful transactions, an increase of 32% compared to 2023. Of which, one enterprise "closed" 990 land transactions, with a total value of more than 1,499 billion VND.
Prices go up every month
Mr. Tran Manh Son, an investor, often drives more than 1 hour from Hanoi to Ha Nam to "hunt" for land. In mid-2023, Mr. Son bought a lot near Industrial University Campus 3 (Le Hong Phong Ward, Phu Ly City).
“The land has an alley about 4 meters wide, the price when buying was nearly 8 million VND/m2. By August 2024, I sold it for more than 11 million VND/m2. It is known that the residential lots here have increased to about 15 million VND/m2,” said Mr. Son.
Sharing more about his personal plans, this investor affirmed that he will continue to invest in Ha Nam province, especially Duy Tien town. This is where many industrial parks are concentrated, so investors can build houses for workers to rent. In addition, the land that Mr. Son chooses must have a clear alley and wide road, at least enough for cars to park at the door.
According to Mr. Van Chien, a broker, for real estate located around large projects, especially in Lam Ha ward (Phu Ly city), prices are almost increasing every month. Specifically, at the beginning of 2024, plots of land with car parking alleys in Lam Ha ward were only about 30 million VND/m2, but now they have increased to 40 million VND/m2.
Not stopping there, many real estate businesses are also "doing well" following the market's upturn. According to the announcement of the Department of Construction of Ha Nam province, in 2024, CEO Group had 990 land transactions (total transaction value of more than 1,499 billion VND), Phuc Thanh Construction Company Limited had 374 land transactions (nearly 296 billion VND)...
The above figures show the strong growth of the real estate market in Ha Nam province. The Department of Construction said that in 2024, the whole province had 8,733 real estate transactions, an increase of about 32%; the total transaction value was VND 8,489 billion, an increase of 77% compared to 2023.
Ha Nam benefits from the trend of shifting cash flow
Speaking to Dau Tu Newspaper, Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, said that investors are showing more interest in the provinces surrounding Hanoi. In particular, the Ha Nam market has recorded a continuous increase in the number of searches for information and real estate prices in recent times.
“When the price of houses and land in the center of Hanoi increases sharply, money flows tend to look for opportunities in the suburbs. This is considered the ‘oil spill’ effect of the real estate market. However, buyers need to note that not all provinces bordering Hanoi have increased prices,” Mr. Nguyen Quoc Anh assessed.
Before investing in suburban areas, the director from Batdongsan recommends that investors should pay attention to four factors: the local economic situation, the scale of surrounding real estate projects, general trends, and market psychology.
In addition, Mr. Nguyen Quoc Anh said that investors should pay attention to the activities of large projects in the area. The fluctuation of selling prices and liquidity of segments such as private houses and residential land often change based on the situation of these projects.
Sharing with reporters, Mr. Vu Cuong Quyet, CEO of Dat Xanh Mien Bac, predicted that 2025 promises to open up new development opportunities for the real estate market in the provinces neighboring Hanoi. This wave of money flow is gradually becoming clearer, in the context of housing and land prices in the capital being at record highs.
“To increase yields, investors will look to provinces neighboring Hanoi, such as Bac Ninh, Hung Yen, Bac Giang and Ha Nam. These localities are recording strong growth in industrial parks, attracting a large number of workers to work. This increases the demand for housing, creating great potential for real estate projects in the area,” Mr. Vu Cuong Quyet analyzed.
The CEO of Dat Xanh Mien Bac also revealed that the price of apartments in the provinces is only 30 - 40% compared to the price in Hanoi, but the cash flow from renting is not inferior.
According to Mr. Nguyen Van Dinh, Chairman of the Vietnam Association of Realtors (VARS), the growth rate, urbanization, potential for industrial and tourism development, and especially strong investment in transport infrastructure are the advantages of Ha Nam province. This is a locality located near Hanoi, which can connect the bridge points and economic centers of the Northern region.
“Ha Nam is located in the economic triangle of Hanoi - Hai Phong - Quang Ninh and in the economic quadrangle extending to Thanh Hoa. The province is also located on the main axis of the North - South expressway. Therefore, Ha Nam has a large development potential. The province has a good urbanization rate, ranking first in the Northern Delta region. If we know how to exploit the advantages and attract large investors, Ha Nam will grow very quickly,” Mr. Dinh assessed the development potential of Ha Nam province.
In addition, the VARS expert assessed that real estate prices in Ha Nam province are still relatively attractive. However, in the coming period of the market, trading activities may become more active, causing prices to increase.
Source: https://baodautu.vn/batdongsan/nam-boi-thu-cua-thi-truong-bat-dong-san-ha-nam-d242305.html
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