VietNamNet Bridge – Rich people and “big guys” in Hanoi are rushing to purchase
large plots of land in suburban areas to develop farmsteads. It is so cramped
and congested in the inner city that rich people are searching for places in
suburban areas for them to relax.

The
landlords

N.T.L,
Deputy Director of a big media company in the north, related that two years ago,
he purchased two hectares of forest land in Hoa Binh province at 70 million dong
per hectare. Now many people are asking him to resell the land to them at 700
million dong per hectare, but L does not wish to sell.

Instead, L
and his wife have decided to develop a farmstead on the land. L hires local
farmers to grow trees and breed fowls and pigs. Farmers get 70 percent of the
profit, while L’s family gets 30 percent.

“I know
many people, who live and work in the inner city, but they also have farmsteads
in the suburb areas,” said Nguyen Thu Hang, Head of the IT division of a
transportation joint venture headquartered in Nhan Hoa-Nhan Chinh new urban
area.

Hang
related that two years ago, before the former Ha Tay province was merged into
Hanoi, she purchased some thousands square meters of land in Luong Son district
in Hoa Binh province. Of course, the land was dirt cheap at that time. After
that, she dug a pond to breed fish and built a house. A lot of local residents
asked for her permission to stay at the house and help her grow trees and breed
fish.

Developing farmsteads is fashionable

On
weekends, local residents in communes along the Noi Bai-Lao Cai highway in Vinh
Phuc province can see a lot of cars coming from Hanoi.

Tran Van
Hung, a farmer from Huong Dao Commune in Tam Duong district, shared that he sold
1080 square meters of land to a person from Hanoi at 300 million dong per 360
square meters. The buyer said that he purchased the land to develop a farmstead.

Nguyen
Thang, the buyer, said that he feels happy with the purchase. “With just 900
million dong, I can have more than 1000 square meters of land,” he said.

“I think
the price is reasonable, because it is just 60 kilometers away from Hanoi. I do
not have to spend much money to have a place where I can relax on weekend.
Meanwhile, the land price has been escalating day by day, because developing
farmsteads is now a trend among office workers in Hanoi,” he continued.

In Hanoi,
PNP has a reputation as a “big farmstead guy”, who many journalists know,
because he owns a majority of the land in rural areas which are just 70
kilometers far from Hanoi. T related that he has been investing in the real
estate sector for about five years.

Four years
ago, he purchased a land plot with a hill and stream in Minh Tri commune in Soc
Son district at 120,000 dong per square meter. Now the land plot is just 200
meters far from the Minh Phu golf course, and there is a road for vehicles. He
sold the 3600 square meter plot sold to a businessman from Hanoi, who said he
also plans to develop a farmstead.

“Any land
plot located within 70 kilometers far from Hanoi that hasa price of 2-3 million
dong per square meter will attract me. If the land plot has “so do” (land use
right certificate), I will buy the land immediately,” T said.

He added
that the demand for land in suburb areas is rising, because many famous
individuals like singers or artists, are seeking to purchase land in the areas.
The people choose rural areas as the place for them to live, and relax on
weekend.

Source:
Tien phong