Buzz
Recently, the Hanoi Land Price List for 2020 has been updated in accordance with the Land Law. This has led to adjustments in land prices for various districts and townships within the city, including the land price list for Dong Da District, Hanoi.
Frame prices for land in Dong Da District
1. Duration of the Dong Da District Land Price List
In accordance with the Land Law, the land price list for Dong Da District, Hanoi, will be valid for a period of 5 years starting from 1/1/2020 to 31/12/2024. Land users and related parties are required to adhere to this land price list.
2. Geographic Scope of the Dong Da District Land Price List
This land price list is applicable to all wards and neighborhoods within the jurisdiction of Dong Da District, Hanoi. Therefore, when buying or selling land, obtaining a red book, or any other activity related to land, readers should apply this updated price list.
The sample land price list is situated within Dong Da District
Unit: Thousand VND/m2
3. Should you buy a house with land or an apartment in Dong Da District, Hanoi
In addition to being concerned about the land price list in Dong Da District, Hanoi, you should also consider the issue of buying a house on the ground or in an apartment. Regardless of the type, each has its own advantages and disadvantages. Refer to the information below to choose a suitable product for your residence.
3.1. Pros and Cons of Apartment Living
* Advantages:
- Apartments feature synchronized infrastructure and spacious designs.
- Enjoy numerous amenities, with easy access to recreational areas, parks in the vicinity, and supermarkets.
- Cultured community, enhanced security, and safety measures.
- Conveniently located near major roads, ensuring seamless mobility.
- Affordable prices compared to ground-level houses, suitable for those with limited financial capacity.
* Drawbacks:
- Challenges in repairs and expanding living spaces.
- Rapid depreciation of property value.
- Increased risk of uncontrollable minor fires and incidents.
- When reselling, properties often fetch a lower price than the initial purchase.
3.2. Pros and Cons of Buying Ground-Level Houses
* Advantages
- Enjoy the absolute ownership and control, empowering you to remodel and expand at your whim.
- Boasts an assurance of personal privacy.
* Drawbacks:
- Comes with a hefty price tag, costing 2 to 3 times more than purchasing a condo.
- Opting for a ground property within small alleys and lanes can be inconvenient for commuting, lacking proximity to amenities such as schools and hospitals...
Depending on your criteria and the financial conditions of your household, the choice between a landed property and a condo is subjective. If you have financial flexibility and desire complete ownership with future value escalation, opting for a landed property is advisable. Conversely, if financial resources are limited, contemplating a condo is a pragmatic choice.
Stay in the loop with the updated price list of Dong Da district in Hanoi. Quickly identify areas with affordable land prices, suitable for initiating procedures for land use certificates and compensation assessments upon land reclamation by the state.
Perhaps you're in the market for buying/selling land in Ho Chi Minh City. Stay informed with the land price list of TP HCM to determine the price of a land plot and assess its suitability for your needs.
