- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: [email protected]
Update news land prices
Experts have noted that many localities are setting sky-high land prices. The problem is that official land prices are based on market prices, but market prices are unreasonably high and ‘real estate bubbles’ exist.
Surging costs for converting land use rights leave residents confused as authorities call for fairer pricing.
As localities update land price tables, the Ministry of Agriculture and Environment warns of sharp fluctuations impacting the real estate market.
Ministries join forces to fight speculation and support sustainable property growth.
Hanoi’s new land price list shows that of the five suburban districts which are going to become urban districts, Thanh Tri is the area with sharpest land price increases, reaching VND117 million per sq m.