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The land is mainly agricultural land, but in recent years due to the rapid pace of urbanization plus the large traffic routes that pass, a new urban area of the Capital has been formed.
After many years, a series of new urban projects in this area were built synchronously in infrastructure, gradually creating a complete new urban chain. In the current context, although the Hanoi property market is slowing down due to the impact of the Covid-19 epidemic, the potential of this area is becoming clearer, more promising as a series of new roads are completed, Infrastructure social completed.
According to CBRE research, In the period from 2017 to 2019, this area always represents around 60-70% of the supply of real estate offered in the market. From 2015-2019, around 35,000 new apartments were released each year, which is 2 times higher than the 2010-2014 period.
While in the past this area was often developed with mid-level projects, accounting for approximately 40%, the recent trend in urban development has led to the development of high-level projects. plus
This figure shows that real estate in West Hanoi still has a lot of room, especially in the context of the decline of the city center land banks.
According to Ms Nguyen Hoai An, director of CBRE Vietnam, if the disease is fully controlled in the second quarter, Hanoi will have between 27,000 and 28,000 new apartments for sale. The western region will continue to be the focus of the city’s development, leading development. The market situation will depend largely on how quickly the disease is under control.
Real estate development in western areas is due to recent heavy investments in transportation infrastructure. Large ring roads and centripetal highways, such as Le Van Luong Street, Thang Long Boulevard, Le Quang Dao Extended Axis, … and large cities such as Duong Noi Urban Area, Geleximco Urban Area have been gradually completed Le Trong Tan, Bac An Khanh urban area, Park City urban area, Smart City urban area, … have invested in synchronous infrastructure construction, which has led to a large number of residents who They flock to This area inhabits, creating a new and bustling urban appearance.
Many new projects are nearing completion and are under construction, most of them are also in this area, such as Anland Premium, Anland Lakeview, Tera An Hung by Van Phu Invest, Park Kiara Complex, Imperia Smart City Project located in the Vinhomes urban area. Smart City is also being built … Along with that, the completion of Vinhomes Smart City urban apartment buildings also adds to the excitement and bustle of this area.
Also, there are new social facilities like Aeon Mall Ha Dong, Thien Van Hoc 12ha park and Hop Thuy lake 6ha wide in Duong Noi urban area, …
In addition, planning for the Le Quang Dao extended and extended route linking Thang Long Boulevard to Le Trong Tan Street cuts through new urban chains such as Duong Noi, FLC Garden City, Vinhomes Me Tri 2 and Vinhomes Green Bay. Connecting to the My Dinh area is very convenient, as it promises to bring a new look and attract more to the property market throughout downtown Capital.
