In recent days, land prices have skyrocketed in many provinces, as investors are affected by uncertain news spread by real estate agents, convinced of a profitable outcome when they buy the lands near public structures that are planned to be built. Land prices in areas neighboring HCMC skyrocketed The Northwestern area of HCMC recently saw a rise in land prices, namely areas around district 12 and many areas along Highway 22. In particular, a front-street housing project called Shophouse project, announced by My Van Real Estate Company in An Suong crossroads, has seen the highest rate of VND103 million (US$4,402) a square meter. According to Sai Gon Giai Phong reporters, this development is merely due to the news that the construction of HCMC – Moc Bai (Tay Ninh province) Highway was discussed among the city’s leaders. On the Eastside of town, lands prices also rose sharply after words got out that a meeting was held between city officials to discuss the Cat Lai bridge project connecting District 2 in HCMC with Nhon Trach District in Dong Nai province. The current price for residential land along Cat Lai Port and Dong Van Cong Street is VND25-40 million a square meter, and… Read full this story
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