Gach Vang Company – a unit that provides land valuation data based on algorithms and interactions of more than 2 million searches each month – has just published new research on the top 10 routes with the highest land prices in the capital.
Hang Trong and Hang Hanh are two streets with similar land frontage prices and are leading in Hanoi city.
One square meter of land fronting on Hang Hanh street has the highest transaction price of 1.25 billion VND.
Ranked third is Phan Chu Trinh street recording 741.6 million VND per m2.
The positions ranked sixth to last in the top 10 are Hang Ca (663.3 million VND per m2), Hai Ba Trung (634.4 million VND), Nha Chung (600 million VND), Nguyen Huu Huan (600 million VND), Nguyen Huu Huan (634.4 million VND)
In addition, this unit also provides the top 5 districts with the highest land prices in Hanoi based on the average price calculation method.
In 2015, Hanoi City’s land price list was approved and valid for 5 years (2015 – 2019), the land frame in Hoan Kiem district reached the ceiling according to Government regulations, with the highest price of 162 million VND.
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
`The price also depends on the area of the land lot, the width of the frontage and the value of the construction work on the land. Small plots of land have a higher price per square meter and vice versa,` Mr. Thang said.
Also according to the leader of this exchange, compared to the same period last year, the price of the Old Quarter has increased by about 10-15%.
`Customers who buy these assets are mostly individuals. Sometimes the price offered by the seller is so high it seems unreasonable, but the buyer still accepts it and the transaction takes place quite quickly,` Mr. Thang said.
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 prices.
An expert commented that if in Ho Chi Minh City, selling prices of over one billion VND per square meter were only recorded in a few individual locations such as Nguyen Hue pedestrian street area, then in Hanoi, such selling prices are scattered.
`The price of 1.2 billion VND per square meter in Ho Chi Minh City is mainly recorded for customers and investors who buy many plots of land to develop large projects. In Hanoi, the above transaction level is mainly for