Land prices rise, but fewer transactions
By Gia Chinh, Duc Minh  April 17, 2021 | 12:00 pm GMT+7
‘Land for sale’ in Hon Quan District in the southern province of Binh Phuoc in February 2021. Photo by VnExpress/Phuoc Tuan.
Land prices have skyrocketed in several cities and provinces areas, but the number of transactions this year has fallen by 30 percent from last quarter.
The Ministry of Construction said the number of land purchase transactions was nearly 36,000 in the fourth quarter of 2020, and it fell to around 25,000 last quarter.
Deputy Minister of Construction Nguyen Van Sinh said land fever has broken out in suburban Hanoi and HCMC, Hai Phong City, the northern provinces of Quang Ninh, Bac Ninh, Bac Giang, Hoa Binh, and Phu Tho, and the southern provinces of Dong Nai and Binh Duong.