Tu Lien Bridge construction begins, which projects benefit?

The real estate market in the capital city is "crossing the river" to find areas with greater potential for development. And the opportunity is now calling out to Northeast Hanoi , with the first-ever luxury apartment projects appearing in the area.

The real estate market in the capital city is "crossing the river" to find areas with greater potential for development. And the opportunity is now calling out to Northeast Hanoi, with the first-ever luxury apartment projects appearing on the market.

The Story of the Bridges

Transportation infrastructure has long been closely linked to the development of the real estate market. For cities with rivers, planning for new areas is essential for development, especially the construction of bridges. The image of a bridge symbolizes development and the expansion of influence into surrounding areas.

In the South, where urban development space in Ho Chi Minh City is limited, Thu Thiem has emerged as a prime area with the potential to become an international financial, commercial, and service center. This potential stems not only from its strategic location along the Saigon River, opposite the central District 1, but also from key infrastructure projects, including several bridges.

Thu Thiem seems to have completely transformed, from a swampy area into one of the most vibrant real estate markets since the completion of Thu Thiem Bridges 1 and 2. Furthermore, Thu Thiem Bridges 3 and 4, along with a pedestrian bridge, are also planned and promise to further revitalize this urban area. In other words, these five bridges will elevate Thu Thiem to truly become a new Manhattan in the "Pearl of the Far East."

Returning to Hanoi, since the construction of new bridges like Thanh Tri, Vinh Tuy, and Nhat Tan, urban sprawl has intensified, spreading to areas on the other side of the river. Long Bien, Gia Lam, and even Hung Yen have all benefited and undergone rapid transformation. The urban landscape "along the river" has completely changed. Today, with improved infrastructure, the Northeast (Dong Anh) is a new development hub with large-scale urban projects and a real estate market experiencing remarkable growth.

According to the Hanoi Capital's transportation plan until 2030, with a vision to 2050, Hanoi will build 10 more major bridges across the Red River. Among them, the Tu Lien Bridge, officially scheduled for construction in the second quarter of 2025, is considered a major boost for the Northeast Hanoi market. The new bridge and the rapidly developing world-class urban area are seen as a springboard for Northeast Hanoi to become a new symbol of the city. In this process, luxury apartment projects – such as Imperia Signature Co Loa – are indispensable.

The Imperia Signature Co Loa project boasts a convenient location with easy access to the Tu Lien Bridge.

Market history always offers the most interesting and valuable lessons. Returning to the story of the role of infrastructure, the real-world example of the West Lake area speaks volumes. Today, with its complete infrastructure, the West Lake area is being positioned as the new administrative center of the capital, housing 13 headquarters for various ministries and ministerial-level agencies.

With that advantage, the West Lake area has become a hot spot in the real estate market. By the end of 2024, there were apartment projects with selling prices up to 150 million VND/m2, and land-attached houses priced from 500-600 million VND/m2. West Lake has also become a destination for a series of Grade A office projects. According to experts, all of this stems from the planning effect and the investment psychology of professional "hunters" in the market.

Northeast Hanoi - the new focal point of the real estate market.

Many people are asking and seeking answers to the question: which area will lead the Hanoi real estate market in the coming period? And it seems that the opportunity is emerging in Northeast Hanoi (Dong Anh area).

Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, believes that developing both banks of the Red River and expanding towards the Northeast is a strategic vision for Hanoi's development. Strong infrastructure investment, along with well-planned large-scale urban projects that prioritize a high-quality living environment and integrated amenities, is creating a new urban landscape and energizing the real estate market in the Northeast region. This is and will continue to be a "new hub" for Hanoi's real estate market, attracting significant interest from both domestic and international investors seeking investment opportunities.

The Tu Lien Bridge is one of the bridge projects across the Red River that boasts a large scale, modern design, and potential to boost socio -economic development.

The early construction and commissioning of the Tu Lien Bridge will shorten travel time from Dong Anh to the center of Hanoi, or vice versa, to just 5-10 minutes, about one-quarter of the current time. As mentioned, the Tu Lien Bridge will create new development opportunities for Hanoi, reducing population density in the historical inner city. Consequently, housing projects on the bridge are highly sought after by investors, as professional "players" understand that acquiring an apartment now offers significant potential for price appreciation in the near future.

Since the end of 2024, Imperia Signature Co Loa has launched its first batch of units. This is a groundbreaking project by MIK Group, shaping the lifestyle of the new global citizens. Imperia Signature Co Loa has shown tremendous appeal, with almost immediately, within just a few days of its launch, 1,700 apartments were sold.

The Cosmopolitan subdivision, scheduled to launch in early 2025, will capitalize on market demand as the Tu Lien Bridge construction is about to begin.

Following the success of Phase 1, MIK Group plans to launch Phase 2 of the project soon. With The Cosmopolitan, the highest standards of Phase 1 are inherited and upgraded. The Cosmopolitan targets VIP clients, offering a product to affirm individuality thanks to its limited location, exclusive privileges, and world-class standards. With these groundbreaking features, The Cosmopolitan is likely to further heat up the apartment market in the Northeast of Hanoi, especially after news of the upcoming construction of the Tu Lien Bridge.

Source: https://baodautu.vn/batdongsan/cau-tu-lien-khoi-cong-du-an-nao-huong-loi-d249010.html