According to VnExpress’s survey, Binh Khanh commune is one of the places with high land prices and transaction volume due to the effect of information about building Can Gio ferry and removing Binh Khanh ferry.
Also on Rung Sac Street, the section from the Commune People’s Committee to An Nghia Bridge, the land price is softer due to the low population distribution of this road, but still fluctuates at 6-10 million VND per m2, a slight increase of 5-10% compared to
Long traffic jams at the Binh Khanh ferry area on peak days forced the ferry ticket collection team to move onto the road to collect money to reduce the load at the ferry entrance.
In Tam Thon Hiep commune, also a fairly densely populated area of Can Gio district, on the main road of the same name, frontage land prices have reached 4-7 million VND per m2.
Meanwhile, Can Thanh town has become a hot spot attracting many land-hunting investors. The market is so bustling that some mini hotels around town are always sold out on weekends.
The roads with land price fluctuations in this town currently include Duyen Hai, Dao Cu, Tac Xuat and Luong Van Nho.
Duyen Hai Street, section from Can Gio Market to Rung Sac Martyrs Cemetery, prices range from 5.5 to 20 million VND per m2, depending on location and total area.
A `super project` being fenced by the investor along the Can Gio coast has created a land hunting fever around here for many months.
Areas near the sea, on Duyen Hai Street, recorded many transactions, offering large lots for sale at 6 million VND per m2, an increase of about one million VND per m2 compared to the end of 2016. Compared to the period 2013-2015
At Dao Cu and Tac Xuat streets, in a busy existing residential area, land prices fluctuate between 7-16 million VND per m2, attracting great purchasing power due to many small plots of land, suitable for residential needs.
A retired official living in Can Thanh town shared that land prices here have doubled or even tripled compared to the 2013 milestone. Because compared to 5 years ago, the land price level in Can Thanh is high.
A beach front cafe became a meeting place for land brokers and investors.
Talking to VnExpress, Senior Consultant of Global Integration Business Consulting Company (GIBC), Huynh Phuoc Nghia, said that the exciting real estate buying and selling situation in Can Gio is repeating the war scenario.
Mr. Nghia analyzed that the increase in land prices in this island district stems from two main reasons.
According to this expert, in terms of travel radius, this island district is 60km from the center of Ho Chi Minh City, a distance far enough to turn Can Gio into the calmest area, with the least volatile land fund, mainly used for farming.
`Under normal conditions, supply and demand in the market balances land prices sideways. However, the increase in demand and the intense hunt for land funds have caused the balance between supply and demand to fluctuate, and land prices have therefore decreased.
Mr. Nghia’s opinion is that the rate of land price increase that is too high in the short term is something investors need to be cautious of, especially in the context of the virtual land price fever that has been widely warned about throughout 2016 until now.
After that, whether the land price around this bridge will fluctuate or not depends on the economic transformation of the island district. This is very difficult to predict and may have to wait several years to verify.
In mid-April 2017, price fluctuations in agricultural land, aquaculture and residential land occurred in Binh Khanh, Long Hoa, Tam Thon Hiep communes and Can Thanh town of this island district.
Can Gio district has 6 communes: Long Hoa, Binh Khanh, Thanh An, Ly Nhon, Tam Thon Hiep, An Thoi Dong and one town, Can Thanh, the district center is located in Can Thanh town.
