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The highest price of VND74.1 million was recorded in Dong Nai province.
The province’s average was also the highest at VND49.3 million, according to a report by property consultancy DKRA Vietnam. It was followed by Ba Ria - Vung Tau and Binh Duong at VND35 million and VND33.5 million.
The two main suppliers were Long An (50%) and Binh Duong (24%), while in HCMC there was none.
Data of real estate portal Batdongsan.com confirmed the trend with land prices in southern provinces surging 7-23% higher.
But the number of searches for this property type fell slightly from 2021, as buyers tread more cautiously amid a highly volatile market, the website said.
Land plots will remain a safe-haven investment, said Tran Khanh Quang, director of property developer Viet An Hoa, as their average profit rate can reach up to 15% a year.
