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What Is The Price Of The Apartment Market Around The Hanoi Highway?

The apartment around the axis of Hanoi Highway

Masteri An Phu – Thao Dien Investment luxury apartment project coming to market at the end of August 2017. Sale price of apartments around the axis of Hanoi Highway and neighboring Masteri An Phu project is showing signs of a sharp increase.

Is this project an attractive destination for investors? Vietnam Real Estate provides some market statistics for the sales prices of projects around the Hanoi Highway, helping investors plan their business strategies easily and efficiently.

How has the price of neighboring Masteri An Phu projects been increasing over the years?

Masteri An Phu project is located at No.175, Ha Noi Highway, Thao Dien Ward, District 2 – the gateway to the center of Ho Chi Minh City to help residents conveniently move to District 1 within 15 minutes.

Ha Noi Highway along Mai Chi Tho Boulevard and Ho Chi Minh City-Long Thanh-Dau Giay Expressway are the arteries of Saigon East. In recent years, the East of HCMC has been a major construction site for dozens of key transport projects, attracting many investors. The real estate projects have grown to create new vitality and look for this area.

Up to now, it can be said Master An Phu is “the youngest brother” of An Phu area. Before Masteri An Phu, a number of well-known developers have chosen to develop such large scale projects as Vista An Phu, Thao Dien Gateway, Master Thao Dien, Estella Height, Cantavil Premier An Phu, …

From 2010 onwards, the market witnessed the rapid price fever of a number of District 2 projects, specifically around the key roads of Hanoi Highway, Mai Chi Tho Avenue, Ho Chi Minh Highway. -Long Thanh-Dau Giay, the price increase from 10-20%, depending on location, scale and project planning.

The apartment around the axis of Hanoi Highway
Sale price of projects around Hanoi Highway has increased from 10-20%

Why real estate around the axis of Hanoi Highway increases suddenly?

First, the Hanoi Highway is a key traffic project, located at the gateway to the East of the city, connecting East with Binh Thanh District, District 1 via Saigon Bridge. The real estate project is adjacent to District 1 but the price is much lower than that of District 1 real estate. Furthermore, residents move through the neighborhood quite quickly.

Secondly, the Ben Thanh-Suoi Tien Metro Line, which was built along the Hanoi Highway, had a significant impact on the real estate surrounding the road. The market witnessed real estate fever around this project, from apartment to residential projects, from the commercial center to the office building. In particular, the development of tram stations will change the look of the surrounding area, causing land prices to rise, real estate projects boom, retail units and office projects accept the move. Away from the center. According to calculations, surrounding real estate prices will continue to increase from 10-20% after Metro TP. Ho Chi Minh came into operation.

Third, along the Hanoi Highway is in the orientation of developing new urban areas with a high level of concentration, synchronous social infrastructure and technical infrastructure. The whole area is divided into 10 functional zones. Including Area A (Thao Dien), Zone B (An Phu), Zone C (Rach Chiec) are new functional areas and renovate the existing area. Annual real estate projects in the functional subdivision added significant value.

>>> You can read more information at: Saigon East – “King” In Terms Of Speed Of Development

Fourth, to bring the Ben Thanh-Suoi Tien metro line into operation effectively, around the area need to form larger cultural and educational centers, modern residential areas, from the urban embellishment, clearing down the sloping, highlights low-rise buildings such as Rach Chiec Sports Center, High Tech Park, National University, …

Is there an investment opportunity in Masteri An Phu?

  • First, in terms of location, compared to Masteri Thao Dien, the position of Master An Phu is not quite dominant. From Masteri Thao Dien project moving to An Phu Station can be closer to Master An Phu. However, Masteri An Phu can be ranked in the top Metro projects, the potential increase from this advantage is possible in the future. Moreover, the project is located in the existing residential complex, all facilities outside the zone are full, residents do not have to travel far.
  • The apartment around the axis of Hanoi Highway
    Master An Phu is located on the Hanoi Highway

    Second, not all apartment projects ensure the delivery on schedule committed by the investor. This Master Phan An Phu is absolutely possible. In the real estate market, besides Vingroup, Thao Dien Investment is the second pioneer in delivering the right time and sooner than expected.

  • Third, according to information, the investor only launched about 900 apartments, designed from 1 to 3, in which the number of 2PN bases accounted for the largest proportion. Although it is expected to open the project by the end of August 2017, the number of booking reservations has already reached 600 booking.
  • Fourth, interesting information for investors is the market of buying and selling apartments brand Masteri always exciting, which proves the liquidity of the Masteri brand is not inferior in the market. Real Estate.
  • Fifth, the interior of the brand Masteri is quite good, this has been demonstrated in many previous projects such as M-One Sai Gon Nam, Masteri Millennium, Masteri Thao Dien …

The investor has no official notice of selling price as well as project information. However, in industry circles, the price strategy of Master An Phu will be “problem” to other investors a headache.

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What Is The Price Of The Apartment Market Around The Hanoi Highway?
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