Real estate market to enjoy a boom in 2008

For the last month, a lot of investors have been flocking from HCM City to Binh Duong province to hunt for land. Just within one month, the land price in Chanh Nghia urban area in Thu Dau Mot town has increased by ten folds, now trading at VND26mil/sq m. Meanwhile, land owners in Thuan An district do not sell land at this moment for fear that they would take losses if the land price increases further.