Quarter II/2025: Land plots cool down, entering a cautious phase

After a period of strong growth at the beginning of the year, the land market in the second quarter of 2025 recorded a clear cooling trend in both interest and supply. The main reasons came from information related to real estate taxation, fluctuations in tariffs and the long holiday period in late April and early May.

Land prices have cooled down compared to the peak in March after many changes in tax policies. (Photo: HNV)

According to data from batdongsan.com.vn, the level of interest in land in June decreased sharply compared to March, specifically: Hanoi down 47%, old Ho Chi Minh City down 28%, other areas down 33%. Supply also shrank as the number of listings in Hanoi down 15%, old Ho Chi Minh City down 9%, other areas down 3%. This reflects cautious sentiment from both buyers and sellers, in the context of rising holding costs and unclear policies.

Investors are interested in land in economically strong provinces in the north, while in the south they are interested in neighboring provinces. Ho Chi Minh City.

The level of interest in land plots in the second quarter of 2025 shows regional differentiation. In the North, the level of interest is widely distributed, especially in provinces with strong economic potential such as Hai Phong, Bac Ninh, Bac Giang, Hung Yen. In the South, the level of concentration is high around Ho Chi Minh City, typically Binh Duong, Dong Nai, Long An, Ba Ria-Vung Tau.

The North currently has a higher price level than the South: Bac Ninh 36 million/m2, Hung Yen 35 million/m2, Ha Nam and Hai Duong both 26 million/m2, Bac Giang and Vinh Phuc both 24 million/m2. While the South recorded Binh Duong 31 million/m2, Can Tho 28.9 million/m2, Ba Ria-Vung Tau and Kien Giang about 16 million/m2...

Some northern provinces recorded very strong price increases from the beginning of 2023 to the second quarter of 2025: Hoa Binh (+200%), Bac Giang (+100%), Hung Yen (+75%), Bac Ninh (+54%), Vinh Phuc (+26%). Meanwhile, the south mainly maintained a stable trend: Binh Duong (+25%), Dong Nai (+23%), Long An (+36%), Ba Ria-Vung Tau (+18%), Binh Phuoc and Tay Ninh (0%).

It can be seen that the first 6 months of 2025 marked a clear adjustment period for the land market, especially after the hot increase at the beginning of the year. The trend of regional differentiation is increasingly clear, with the North leading the price increase, while the South becomes the destination of cautious cash flow. Infrastructure and planning continue to be key factors determining growth potential and medium- and long-term investment strategy.

Screening out speculation that disturbs the market, real estate investment that does not bring surplus value to production and business, investment that cannot be said to be short-term... not supporting the lack of value increase, taxing to screen the market.

Source: https://baoquangninh.vn/quy-ii-2025-dat-nen-ha-nhiet-buoc-vao-giai-doan-than-trong-3368921.html