In a recent discussion session at the conference hall, the majority of parliamentarians approved of the implementation of two projects: Ring Road 3 of Ho Chi Minh City and Ring Road 4 of Hanoi because this is a route with regional connection properties. important, creating momentum for the economic development of the region.
Delegate Hoang Van Cuong (Hanoi Delegation) said that recently, when public opinion only heard that the National Assembly would consider and discuss the belt road, land prices in this area became more exciting and prices increased. up many times. The delegate said that if there are no measures to exploit this resource, it will be wasted.
According to the delegate, along with approving the road construction policy, the delegate suggested that the Government should propose to the National Assembly a specific mechanism to exploit this resource.
The mechanism is implemented in such a way that along with detailed planning for the construction of ring roads, the areas on both sides of the road should be planned simultaneously. This is to form modern urban areas, commercial centers, and goods transit centers.
Wherever the planning line goes, land prices will increase
It is known that Ring Road 4 of Hanoi is planned to run through 14 districts of 3 provinces and cities. The total length of the entire route is 98km, with about 1,230 hectares of land passing through Hung Yen, Bac Ninh, and Hanoi. The starting point of the route is about Km3+695 on the Noi Bai - Lao Cai highway, in Thanh Xuan commune, Soc Son, Hanoi.
The endpoint of the route is about Km35+300 on Noi Bai - Ha Long highway, Nam Son commune, Beijing city, Bac Ninh province. The section through Hanoi is 56 km long; The section through Hung Yen is over 20 km and the section through Bac Ninh is over 21 km. Ring Road 4 planning will include 6 expressway lanes and an urban collector road with a road surface from 90 m to 135 m wide.
Immediately after the planning information was announced, many real estate brokers continuously "distributed" the above information through real estate for sale forums as well as through digital marketing channels such as Zalo and Facebook...
According to Mr. Do Linh, a broker in Hanoi, many months ago, the land plots were expected to be located along Ring Road 4, passing through Me So bridge, connecting from Thuong Tin (Hanoi) to Van Giang (Hung Yen). has prepared to increase the price from 4-5 million VND/m2 to 11-13.5 million VND/m2.
Also expected to be located on Ring Road 4, a number of rural land plots in the Bac Phu and Soc Son areas were quickly "converted" to subdivided plots and put up for sale at prices ranging from 5-6 million VND. /m2.
Sharing exclusively with the Business Forum, Dr. Dao Ngoc Nghiem, Vice Chairman of the Association of Presidents of the Vietnam Urban Development Planning Association, said that the above planning is very good, but actual implementation will often be delayed, especially with a project involving many people. Localities have even more problems to solve in order to implement it.
Dr. Nguyen Huu Cuong, Chairman of Hanoi Real Estate Club, said that Ring Road 4 has a total length of nearly 100km, passing through 3 provinces, which will increase the heat of the real estate market in the areas where the route goes. via.
However, according to Mr. Cuong, this opportunity has many potential risks, especially related to buying and selling land when the planning boundaries are unclear.
Specifically, it will be very difficult for individual investors to determine the road landmarks, the road corridors on both sides are always a mystery as well as the boundaries of the land that intersect between planned and unplanned land. It is very difficult to locate, on the same plot of land, from where to where, which address, which coordinates, and which boundary markers are the land in the planning, transactions are allowed and transactions are prohibited.
Lessons from reality
In reality, investing ahead of planning is not new, it has existed for many years, many people earn billions but many people have to hold debt.
For example, changing the direction of the Nhat Tan Bridge led to hundreds of people hugging land around this area trying to "push" it away at a cheap price but failing.
From the continuous emergence of information that "stimulates" land prices related to transportation infrastructure projects, Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that "relying" on infrastructure to push up real estate selling prices is the tactic of "driving teams" to create waves in the market.
Newly built and expanded transportation infrastructure really brings great value to neighboring real estate. However, it should be noted that the implementation of these infrastructure projects is "long-term" and the investment of people with idle money.
Besides, with existing belt and radial roads such as Thang Long Avenue, in fact, both sides of the road are often fenced to ensure safety and parking is not possible... therefore, the coastal areas Roads are also difficult to put into service business, leading to real estate not increasing in value or not having high value.
"Therefore, interested investors need to carefully survey the area, clearly understand the planning, investment sources, and investment time, and choose a land location with liquidity. Absolutely do not invest in land. rice, aquaculture land, forestry land" - Dr. Nguyen Van Dinh warned.
In a recent discussion session at the conference hall, the majority of parliamentarians approved of the implementation of two projects: Ring Road 3 of Ho Chi Minh City and Ring Road 4 of Hanoi because this is a route with regional connection properties. important, creating momentum for the economic development of the region.
Delegate Hoang Van Cuong (Hanoi Delegation) said that recently, when public opinion only heard that the National Assembly would consider and discuss the belt road, land prices in this area became more exciting and prices increased. up many times. The delegate said that if there are no measures to exploit this resource, it will be wasted.
According to the delegate, along with approving the road construction policy, the delegate suggested that the Government should propose to the National Assembly a specific mechanism to exploit this resource.
The mechanism is implemented in such a way that along with detailed planning for the construction of ring roads, the areas on both sides of the road should be planned simultaneously. This is to form modern urban areas, commercial centers, and goods transit centers.
Wherever the planning line goes, land prices will increase
It is known that Ring Road 4 of Hanoi is planned to run through 14 districts of 3 provinces and cities. The total length of the entire route is 98km, with about 1,230 hectares of land passing through Hung Yen, Bac Ninh, and Hanoi. The starting point of the route is about Km3+695 on the Noi Bai - Lao Cai highway, in Thanh Xuan commune, Soc Son, Hanoi.
The endpoint of the route is about Km35+300 on Noi Bai - Ha Long highway, Nam Son commune, Beijing city, Bac Ninh province. The section through Hanoi is 56 km long; The section through Hung Yen is over 20 km and the section through Bac Ninh is over 21 km. Ring Road 4 planning will include 6 expressway lanes and an urban collector road with a road surface from 90 m to 135 m wide.
Immediately after the planning information was announced, many real estate brokers continuously "distributed" the above information through real estate for sale forums as well as through digital marketing channels such as Zalo and Facebook...
According to Mr. Do Linh, a broker in Hanoi, many months ago, the land plots were expected to be located along Ring Road 4, passing through Me So bridge, connecting from Thuong Tin (Hanoi) to Van Giang (Hung Yen). has prepared to increase the price from 4-5 million VND/m2 to 11-13.5 million VND/m2.
Also expected to be located on Ring Road 4, a number of rural land plots in the Bac Phu and Soc Son areas were quickly "converted" to subdivided plots and put up for sale at prices ranging from 5-6 million VND. /m2.
Sharing exclusively with the Business Forum, Dr. Dao Ngoc Nghiem, Vice Chairman of the Association of Presidents of the Vietnam Urban Development Planning Association, said that the above planning is very good, but actual implementation will often be delayed, especially with a project involving many people. Localities have even more problems to solve in order to implement it.
Dr. Nguyen Huu Cuong, Chairman of Hanoi Real Estate Club, said that Ring Road 4 has a total length of nearly 100km, passing through 3 provinces, which will increase the heat of the real estate market in the areas where the route goes. via.
However, according to Mr. Cuong, this opportunity has many potential risks, especially related to buying and selling land when the planning boundaries are unclear.
Specifically, it will be very difficult for individual investors to determine the road landmarks, the road corridors on both sides are always a mystery as well as the boundaries of the land that intersect between planned and unplanned land. It is very difficult to locate, on the same plot of land, from where to where, which address, which coordinates, and which boundary markers are the land in the planning, transactions are allowed and transactions are prohibited.
Lessons from reality
In reality, investing ahead of planning is not new, it has existed for many years, many people earn billions but many people have to hold debt.
For example, changing the direction of the Nhat Tan Bridge led to hundreds of people hugging land around this area trying to "push" it away at a cheap price but failing.
From the continuous emergence of information that "stimulates" land prices related to transportation infrastructure projects, Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that "relying" on infrastructure to push up real estate selling prices is the tactic of "driving teams" to create waves in the market.
Newly built and expanded transportation infrastructure really brings great value to neighboring real estate. However, it should be noted that the implementation of these infrastructure projects is "long-term" and the investment of people with idle money.
Besides, with existing belt and radial roads such as Thang Long Avenue, in fact, both sides of the road are often fenced to ensure safety and parking is not possible... therefore, the coastal areas Roads are also difficult to put into service business, leading to real estate not increasing in value or not having high value.
"Therefore, interested investors need to carefully survey the area, clearly understand the planning, investment sources, and investment time, and choose a land location with liquidity. Absolutely do not invest in land. rice, aquaculture land, forestry land" - Dr. Nguyen Van Dinh warned.
