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Long Thanh International Airport hikes land prices in surroundings 14:54 | 18/01/2021
Starting the construction of Long Thanh International Airport doubled land and property prices in the surrounding areas over a year.
The buoyant effect of Long Thanh International Airport on land prices can already be felt in surrounding areas (Illustration image: Phu My district)
In Dong Nai, land prices soared from VND12-14 million ($520-610) per square metre in 2019 to VND22 million ($955) in 2020. In some places in Long Thanh district, prices even went as high as VND100 million ($4,350) per sq.m.
Land plots in Long Thanh are now traded anywhere from VND18 to 40 million ($780-1,740) per sq.m, with land plots located along National Highway 51, linking Vung Tau city and Dong Nai, offered for VND50-60 million ($2,170-2,610) â prices equivalent to some areas of Ho Chi Minh City.