Capital is flowing strongly into the Northeast area of ​​Hanoi.

A golden opportunity for the Northeast region of the capital.

At the conference "Overview of the Vietnamese Real Estate Market 2024 and Focus on Binh Duong" held on September 18th, Mr. Nguyen Quoc Anh, Deputy General Director of batdongsan.com.vn, cited actual data confirming that a turning point in the real estate market has appeared. Liquidity has improved, and interest in many segments has recovered.

Not only is demand picking up, but real estate prices are also on an upward trend. According to batdongsan.com.vn, in the third quarter, the low-rise real estate market in the North, especially Hung Yen and Hanoi, saw a new wave of price increases. In Hanoi alone, land prices in districts like Dong Anh increased by 53-90%.

In fact, since the beginning of 2024, investors have shifted their focus to the Northeast of Hanoi – an area with much untapped potential. The area's appeal is further heightened as Dong Anh is accelerated towards becoming a district, by early 2025 at the latest. In the future, Dong Anh is planned to become a high-tech industrial, service, financial, commercial, and international trade center in the area north of the Red River, playing a driving role in the development of the northern part of the capital.

Assessing the potential of this area, especially in the latter part of this year, Mr. Rich Nguyen - a real estate investment strategy training expert, founder and CEO of Rich Invest - said that Dong Anh possesses a prime geographical location as it is situated at the northeastern gateway of the capital, bordering the northern industrial hub of Bac Ninh as well as Noi Bai International Airport.

Dong Anh is considered a market with great potential, a place where investment will converge in the near future.

Besides its advantageous location, Dong Anh also boasts many vital routes connecting the capital's center with the northern and northeastern provinces, such as the Nhat Tan - Noi Bai and Hanoi - Thai Nguyen expressways; five national highways (QL5, QL3 and 3B, QL23 and 23B); and 15 road bridges, including three large bridges crossing rivers connecting to the center of Hanoi: Nhat Tan, Thang Long, and Dong Tru.

“With its existing advantages and potential, Dong Anh has been planned to be located within the northern boundaries of Hanoi, encompassing Soc Son, Me Linh, and Dong Anh. Within this plan, Dong Anh will become a modern economic and financial center, as well as a cultural and historical hub of the capital,” Mr. Rich Nguyen shared.

In particular, the market's dynamism stems from a series of important infrastructure projects that Hanoi has been promoting. A highlight is the Tu Lien Bridge connecting to Tay Ho District, scheduled to begin construction in 2024. This iconic new bridge will shorten travel time from Dong Anh to the center of Hanoi to just 5 minutes, and will also be a strong catalyst for price increases in the Northeast real estate market.

The Tu Lien Bridge, scheduled to begin construction at the end of 2024, will be a major catalyst for real estate price increases in Dong Anh.

"All of the aforementioned potentials, when further developed in the future, will help Dong Anh become the most comprehensively and modernly planned district in the capital city to date," the founder of Rich Invest commented.

Vinhomes Global Gate is a "magnet"

Besides its well-planned infrastructure, the factor that makes Dong Anh attractive to investors is the emergence of "mega" projects from leading players in the real estate sector. The most prominent example is the Vinhomes Global Gate mega-city.

Spanning 385 hectares, Vinhomes Global Gate is the final Mega City project in the northeastern gateway area of ​​Hanoi, built from world-class components.

In particular, the 90-hectare National Exhibition and Convention Center – ranked among the top 10 in the world – is considered a catalyst for Vinhomes Global Gate to become a model Expo city in Vietnam. Combined with the adjacent 5-star hotel and Grade A office complex, the project will become a focal point for investment, attracting numerous entrepreneurs, businesses, and multinational corporations.

The National Exhibition and Convention Center opens up investment potential at Vinhomes Global Gate.

To increase the appeal and retain visitors longer, the investor has also created a Global Gourmet Center, a world-class culinary center spanning 3.8 hectares, along with a 3-hectare underground level. Exquisite cuisines from around the world, including Korean, Japanese, Indonesian, and European dishes, will take visitors on a perfect culinary journey in a uniquely designed space, while also exploring the diverse culinary cultures of many countries worldwide.

Iconic amenities that create a luxurious lifestyle at Vinhomes Global Gate.

Beyond its status as a world-class investment and tourism destination, Vinhomes Global Gate also offers a luxurious living environment with an all-in-one ecosystem and a diverse collection of upscale amenities. These include a central lake spanning 32 hectares – one of the largest in the capital city – creating million-dollar views for the surrounding residences.

Alongside this is the Fairy Tale Park – Hanoi's largest amusement park, designed with a fairy tale theme for young residents. The "Vin" family's service ecosystem, including Vincom, Vinmec, Vinschool, etc., will also be fully present, perfectly meeting all the needs of residents.

The entire VinGroup ecosystem of amenities will converge at Vinhomes Global Gate.

With its unprecedented scale and scope, Vinhomes Global Gate promises to be a mega-city leading the socio-economic development of the region. At the same time, the project will be a catalyst for the breakthrough of the Dong Anh real estate market, amidst the ongoing rush of investors heading towards the Northeast.

PV

Source: https://www.congluan.vn/bat-mach-thi-truong-cuoi-nam-dong-tien-do-manh-ve-khu-dong-bac-ha-noi-post313486.html