Apartment units - the dominant segment driving market liquidity.

With high liquidity, apartments are dominating the real estate market. Within this segment, the Lumi Elite luxury apartment complex, part of the Lumi Hanoi project, is attracting significant attention from numerous customers thanks to its three unique advantages.

Apartment segment "flourishes" in the first half of 2024

According to the Vietnam Association of Real Estate Brokers (VARS), GDP growth in the second quarter of 2024 reached an impressive 6.93%, creating a foundation for a positive recovery in the real estate market. A report by OneHousing also indicates that the supply of new apartments in Hanoi in the second quarter of 2024 reached nearly 8,400 units, a sharp increase of 97% compared to the first quarter of 2024 and almost equivalent to the entire year of 2023. This demonstrates the increasing demand for housing in Hanoi.

Not only has supply improved, but market liquidity has also surged. The VARS report highlights that in the first six months of the year, the entire market recorded over 20,600 successful housing transactions, three times more than the same period in 2023. Of these, the apartment segment accounted for 75% of the total transactions, demonstrating the strong appeal of apartments to homebuyers.

The apartment segment continues to dominate investment in the real estate market in the first half of 2024.

In particular, the high-end apartment segment is considered to be leading in terms of sales speed. Shortly after their launch, projects with selling prices above 50 million VND/m2 in Hanoi recorded absorption rates of up to 90%. The average selling price of primary apartments in Hanoi has nearly reached 60 million VND/m2, an increase of 58% compared to the same period in 2019, more than double the increase in the Ho Chi Minh City market.

As can be seen, in the context of a recovering supply and market, the apartment segment continues to be an attractive option for both investors and homebuyers.

Identifying projects with unique advantages in the western part of the capital.

Ms. Pham Thi Mien, Deputy Director of the Vietnam Real Estate Market Research and Evaluation Institute (VARs IRE), noted that apartment prices in the two major cities, including Hanoi, have consistently reached high levels. Given such attractive potential, most high-quality real estate projects share a common "denominator."

The first crucial factor is that the products have transparent legal ownership, are developed by reputable investors with experience, strong financial capabilities, and a track record of successful projects in the market.

Secondly, the project's location near major thoroughfares offers easy access to key areas of the city and convenient transportation to surrounding social amenities such as schools, hospitals, and shopping centers. Furthermore, these sought-after projects are part of the area's development plan, benefiting from significant investment in integrated transportation infrastructure to capitalize on future potential.

Thirdly, the project boasts modern internal amenities or a high-end service ecosystem, aiming to attract an elite residential community, thereby enhancing the quality of life and increasing property value.

Lumi Elite continues CapitaLand Development's commitment to exceptional quality of life.

Last July, the final phase of the Lumi Hanoi project - Lumi Elite - was launched. Currently, Lumi Elite can be considered a "hot spot" in the Hanoi market, possessing distinct advantages.

Lumi Elite is developed by one of Asia's leading and most trusted real estate developers - CapitaLand Development (CLD), a group known for its high-quality and upscale real estate projects with strong expertise in master planning, land use planning, and project development.

Strategically located adjacent to two major thoroughfares, Thang Long Boulevard and Ring Road 3.5, Lumi Elite not only benefits from a modern transportation infrastructure but is also situated at the heart of the capital's most vibrant new administrative center. Close to metro lines 5, 6, and 7, the future development of "metro real estate" promises even stronger growth in Lumi Elite's value.

In particular, Lumi Elite boasts a significant advantage by inheriting a wide range of external amenities in shopping, entertainment, education , and healthcare of international quality, and possesses a collection of 88 exclusive, self-contained amenities.

With its transparent legal framework, convenient location, and exclusive amenities, and in a real estate market where apartments are leading in liquidity, Lumi Elite is the perfect place to live, offering a luxurious and fulfilling lifestyle.

Located in western Hanoi with direct access to Thang Long Boulevard and Ring Road 3.5, Lumi Hanoi creates a dynamic lifestyle with a collection of over 100 unique on-site amenities, along with nearby facilities, ensuring that the diverse needs of residents are fully met.

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