When the infrastructure is increased investment, the quality of medical education increased, the real estate market in South Hanoi began to “change”.
More and more “near” the city center
Watching the market over time, it is easy to see that the southern part of the capital is experiencing dramatic changes in infrastructure. Especially in the past two years, the traffic works have started to complete and put into operation, opening a new door for the real estate market in the area.
For example, in July 2016, the route linking the administrative center of Hoang Mai district of Phap Van – Cau Gie highway was opened. With that, many major transport infrastructure projects have been completed such as Tam Trinh, Linh Nam, Tan Mai and Kim Dong streets.
Recently, the Prime Minister has agreed to let the People’s Committee of Hanoi implement the project of Minh Khai – Vinh Tuy – Yen Duyen road connecting the Minh Khai (road 2) to the road 2.5 about 1, 65 km.
After the other road connecting 2.5 roads to Linh Nam is completed in late 2017 with Minh Khai – Vinh Tuy – Yen Duyen route will contribute to shortening the travel time from the Old Ward to South of Hanoi.
In addition, the presence of public facilities, social facilities, medical and educational quality has made the real estate market more attractive.
Meanwhile, according to the survey, demand for housing in the South of the capital is also increasing because it is a place between the interurban and neighboring economic zones such as Ha Nam, Thai Binh, Nam Dinh, Ninh Binh …
New potential of real estate market
Understanding the needs and opportunities opened in this area, many investors have “quickly” investment in apartment projects in many segments, meet the diverse needs of buyers. The projects are growing more and more and show that there are many real estate investment opportunities in this area.
Many projects are being built in the area such as: Gelexia Riverside by Geleximco as owner, Tan Hoang Minh Group with Tan Hoang Mai New Urban Area, Sunshine Group with two projects as Sunshine Garden and Sunshine Palace; And T & T Group with T & T Riverside Apartments.
Survey of brokerage Hanoi shows that the price of apartments in the area is cheaper than the West about 20 – 30%. For example, New Horizon City and CT36 Dinh Cong apartments are priced at $ 56,500 / unit; Sao Anh Duong Star AD1 is offered for sale at an average price of $ 780- $ 910 / sqm, Gelexia Riverside is fluctuating $ 826 – $ 910 / sqm.
Or Eco-Lake View Apartments & Commercial Services, located at 32 Dai Tu, Dai Kim Ward, Hoang Mai District, are also being launched at prices $ 870 / sqm. The project is located next to Gia Phong – Ngoc Hoi and Nguyen Huu Tho – Road 3, about 1.7 km from Post Office Hospital, 1 km from Giap Bat Bus Station.
The “soft” price may be slightly more than the project Tu Hiep Plaza with $ 630 / sqm. Distribution units of Thinh Vuong Investment – Cooperation Corporation – TVR; T-Land Real Estate Investment JSC and TNT Real Estate Services and Investment JS said that: The price includes the furniture and equipment in Tu Hiep Plaza apartment come from many brands. The project is currently under construction on the 22nd floor, scheduled to be delivered at the beginning in the second quarter of 2018.
This project draws a lot of attention because of the competitive price compared to the price of social housing. While the project is well positioned to be a gateway to the south of the capital, it is easy to connect and reach the social infrastructure, city centers and areas of Hanoi. Two bus routes go straight through Kim Ma, Giang Vo, Dong Da, Cau Giay, Thanh Xuan …
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