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Tuesday, 11/17/2020 13:33 PM (GMT + 7)
After being repaired and improved, three roads have caused land prices to skyrocket, 30-60% compared to 3 years ago.
In recent years, to meet people’s travel needs and to implement the urbanization process, the road system in Hanoi has been improved with many new streets. In which, there are many roads with a total construction cost of up to billions of VND.
The fact that many roads are open to traffic and put into operation has contributed to the urban appearance becoming modern and spacious. Houses and real estate in this area “following” the traffic infrastructure are also dressed in a new layer, so the price of land is skyrocketing and there are no signs of stopping at this time.
Specifically, according to a survey of reporters, the three new roads whose land prices have changed the most in the last three years are: Ring Road 2 (the section from Nga Tu So to the foot of the Vinh Tuy Bridge); extended Nguyen Van Huyen Street and Pham Van Dong Street.
Ring Road 2
In April 2018, the construction of the elevated ring road 2 (from the Nga Tu So intersection to the foot of the Vinh Tuy bridge) began with an investment of VND 9.4 billion. The project includes a causeway from Vinh Tuy – Nga Tu So in combination with the planned expansion of the lower part of Vinh Tuy to Tu Tu Vong.
The urban face of Truong Chinh Street is more spacious and modern after the Ring 2 project is completed.
Right at the site cleanup construction stage, on either side of Ring Road 2 was a series of skyscrapers with thousands of apartments that were rushing to “prowl” due to the early realization of an open future for real estate. this area.
According to the survey, before the construction of the project, the price of the road surface here ranges between 120 and 200 million / m2; The terrain of the rail surface is approximately 50-100 million / m2 depending on the different locations. But since 2018, Ring Road 2 area real estate has shown signs of a “skyrocketing” rise, so far around 30-60%.
In which, the area of the highest point is Truong Chinh Street: the price of the road surface is about 200-350 million / m2, then to the Dai La – Minh Khai area: the road surface is 200-300 million; The road surface reading also increased slightly by 10-15%.
The house on Dai La road is 7.5m wide, with a 1m frontage and is valued at about 3 billion dong, based on current property prices.
According to Mr. Bui Phuong Duc (79 years old) owner of a house on Dai La street, his house used to have an inverted L shape, an area of about 18m2, road surface 2m. Once the ground clearance is 7.5 m2, the facade is less than 1 m. However, the current house is still valued at more than 3 billion.
Nguyen Van Huyen Street stretched
The investment project of Nguyen Van Huyen Street extends with a total cost of up to 926 billion, divided into 2 sections: section one from the beginning of the Duong Dinh Nghe road intersects with the end point on Cau Giay Street ; section 2 of the Museum of Ethnology captured through Tay Ho Tay urban area, Ciputra to Ngoai Giao Doan urban area.
Nguyen Van Huyen Street is also one of the most “expensive” routes in Hanoi.
Since the car was unveiled in October 2019, residential land prices along the long Nguyen Van Huyen route have continued to rise dramatically, up 50% compared to before. The market survey shows that Nguyen Van Huyen, adjacent to Cau Giay Street, initially has the highest real estate price, ranging from VND 100 – 350 million / m2. Land prices on the lane surface range from VND 50-120 million / m2, an increase of approximately 10% compared to the end of 2019.
Meanwhile, the section of Nguyen Van Huyen that runs along Hoang Quoc Viet Street that extends to Xuan Dinh is priced “softer”, ranging from 100-300 million VND / m2, but the price increase rate is very strong up to 15. – 20% compared to the end of last year.
After opening the car in October 2019, the land price of the Nguyen Van Huyen Street Extended Area increased by about 50%.
The cause of the phenomenon of soaring land prices in this area is attributed to Nguyen Van Huyen Street which stretches across 3 districts including Cau Giay, Tay Ho and Bac Tu Liem. In which, the first part of the Cau Giay district is a residential lot with many houses, the price of the land is inherently high.
Pham Van Dong Street (Ring Road 3)
Like Truong Chinh (on Ring Road 2), the urban face at Pham Van Dong is almost replaced by a new coat when the Vanh Dai 3 (Mai Dich – Thang Long Bridge) project appears.
If in 2010, the price of the road surface in this area was less than 100 million / m2, the alley area was about 20-30 million / m2, in 2016, when the construction of the project to expand the Pham Van Dong street, the price The land here has risen rapidly, positively affecting real estate in northwest Hanoi.
The price of the road surface in Pham Van Dong fluctuates around 200 million / m2
Currently, road surface prices in Pham Van Dong fluctuate around 200 million / m2. However, this area is also home to many tiny or distorted houses due to the effects of the cleaning process.
House number 348 Pham Van Dong has a surplus of approximately 2m2 of land. This area is built in a tiger cage, which represents the front of a neighbor’s house. The neighbor once offered to buy back the hidden area for around VND 2 billion, but was rejected.
The price of land “following” transportation infrastructure is not new. In many places, the unusual increase in land prices does not prevent the active participation of brokers.
Source: http: //danviet.vn/ba-tuyen-duong-nghin-ty-moi-mo-o-ha-noi-khien-gia-dat-tang-chong-mat-502020171 …
Hanoi Land Price List 2020 applies in the period 2020 – 2024 for 30 districts in Hanoi City …
