Real estate adjacent to metro line - attraction from prime location

Metro - Guaranteed price increase for real estate

In 1863, the world's first underground railway (metro) was built in London, England, with a length of 6 km. The Metropolitan Railway not only solved the traffic congestion problem in London at that time, but also contributed to making the British capital quickly become the leading economic center in Europe.

Over the past century, hundreds of thousands of kilometers of metro have been built around the world . The expansion of metro lines has connected places, promoted trade and increased commercial exploitation. Following the metro system, there are always accompanying utility corridors such as supermarkets, convenience stores, restaurants, cafes, shopping centers, etc. And the developed infrastructure has attracted residents to live, especially in areas near stations.

Property adjacent to metro lines also has a high return and higher value than the general level. In New South Wales (Australia), property prices along the Sydney Metro Northwest line are nearly three times higher than the national average. In Bangkok (Thailand), property values near metro lines will be increased by 6.5-20.55%, increasing as the distance decreases.

According to experts, the reason why the selling and rental prices of real estate near metro stations are increasing is because this is a means of transport that is not affected by traffic jams, has a short travel time and limits emissions into the environment. In addition, the opportunity to experience modern amenities from the surrounding infrastructure is also the reason why many people are willing to pay more to live here.

A similar story is happening in Vietnam, where since 2010, Hanoi and Ho Chi Minh City have started planning and building urban railways.

Bất động sản liền kề tuyến metro - sức hút từ vị trí đắt giá - 1 — Real estate adjacent to the metro line also has a high profit margin and higher value than the general level (Photo: WTO).

In Ho Chi Minh City, real estate in the East is increasingly flourishing when the Ben Thanh - Suoi Tien metro line is put into operation. According to CBRE statistics, real estate opening prices in the period 2012-2016 increased by about 150-200% compared to other areas. Since 2016, there have been more than 30 housing projects and commercial centers along this metro line and the selling prices have also increased by 15-50% compared to the beginning.

In the Hanoi market, a report on real estate prices also showed that apartment prices in wards along the 2A railway line (Cat Linh - Ha Dong) increased by 5-15% per year, with some places increasing sharply by 21% per year. Another survey also showed that the average secondary selling price of apartments in projects near the Cat Linh - Ha Dong urban railway station in the second quarter of 2023 also increased by 22% compared to the same period last year.

Adjacent to 2 metro lines, The Wisteria benefits greatly

This explains why The Wisteria (high-rise subdivision of Hinode Royal Park urban area), which has already received attention from the market due to its valuable residential and investment values, is even more sought after. The subdivision is located in a prime location adjacent to metro lines 3 and 7.

Bất động sản liền kề tuyến metro - sức hút từ vị trí đắt giá - 2 — In the future, when railway lines No. 3 and No. 7 come into full operation, the infrastructure around The Wisteria subdivision will also be upgraded, services will be more diverse and of higher quality to suit modern living standards (Photo: WTO).

Specifically, the Nhon - Hanoi Railway Station metro line 3 is 12.5 km long, passing through the districts of Bac Tu Liem, Nam Tu Liem, Cau Giay, Ba Dinh, Dong Da, Hoan Kiem, providing quick connections. Currently, the construction progress of the elevated section has reached 99.54%, the underground section is under construction and is expected to be completed in 2027. When the railway line is put into operation, real estate prices along this metro line are expected to increase by 15-20%.

The 28km railway line No. 7, which will pass through Me Linh - Nhon - Van Canh - Duong Noi - Ha Dong, is also being considered for early implementation. The railway system No. 7 will help connect the urban area to the western provinces.

In the future, when the two railway lines No. 3 and No. 7 are put into full operation, the infrastructure around The Wisteria subdivision will also be upgraded, the services will be more diverse and of higher quality to suit modern living standards. Not to mention, with its location on the frontage of major roads: National Highway 32 and Binh Minh Boulevard, directly connected to Ring Road 3.5, The Wisteria residents can also easily move to the central districts of the capital.

Bất động sản liền kề tuyến metro - sức hút từ vị trí đắt giá - 3 — The Wisteria is located at the frontage of major roads: National Highway 32 and Binh Minh Boulevard, directly connected to Ring Road 3.5 and Metro Line 7 (Photo: WTO).

The Wisteria subdivision also owns a diverse system of internal facilities such as community rooms, swimming pools, libraries, walking gardens, central squares, commercial and service areas and inherits external facilities from the Hinode Royal Park metropolis such as: sports fields, gyms, yoga, parks, meditation gardens, supermarkets... All the needs of entertainment, recreation, health care, and education of residents will be fully met.

With outstanding advantages in location, infrastructure and reputation of investor WTO, The Wisteria is the ideal place to live in the future, an asset and investment product with great potential for price increase.

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