Hanoi's relocation of residents from the Old Quarter will lead to a scarcity and high cost of luxury apartments in the inner city.

The tightening of regulations on apartment construction in the inner city and the wave of relocating residents from the old town to the outskirts will make existing apartment units and high-end apartment projects under construction within the 2.5 ring road scarce and expensive.

Công Luận•25/05/2026

Luxury apartment projects within the 2.5 ring road are highly sought after (Photo: Developer)

"Tightening" the supply of inner-city apartments leads to price increases for existing apartment buildings.

According to the Resolution adjusting the Hanoi City Housing Development Program for the period 2021–2030, Hanoi will control housing development in the historical inner city area, while adjusting targets and indicators regarding area, quality, and structure of housing types to meet the long-term sustainable development requirements of the Capital.

Specifically, in communes and wards within the historical inner city area, the city will minimize the development of apartment buildings in new commercial and social housing construction projects. Exceptions will only apply to projects renovating and rebuilding old apartment buildings and resettlement housing projects. The goal is to limit population growth, reduce pressure on overloaded technical and social infrastructure, and gradually improve the quality of urban space in the core area. The outskirts of Hanoi will be planned and developed more systematically to attract residents from the inner city, creating momentum for the expansion of the Capital region.

At the same time, Hanoi is currently implementing land clearance for 1,428 projects, including 27 major and key projects. Thousands of households in the inner city have relocated, handing over land for key projects such as Tu Lien Bridge, Tran Hung Dao Bridge, Ring Road 1, and Ring Road 2.5.

This context has led to a fear of being affected by zoning regulations when buying a house, both for personal use and investment, causing liquidity in the townhouse segment to stagnate from the beginning of 2026 to the present. While apartment prices haven't increased as sharply as the same period last year, the segment continues to receive attention. Buyers even feel more secure choosing apartments because these projects have undergone rigorous detailed planning approval processes and are often designated as long-term urban residential land. With increased scarcity due to resolutions tightening inner-city supply and renewed interest from ongoing urban redevelopment, apartments are becoming the focal point of the market.

Luxury apartment and condominium projects in the inner city attract the attention of real estate buyers (Photo: Developer)

The Rey Edition offers the opportunity to own a luxury apartment in the city center.

According to real estate experts, restrictions on new apartment buildings in the inner city could make existing apartment properties scarcer and more expensive. The wave of population decentralization due to urban planning restrictions will also increase demand for inner-city real estate. Long-time residents of the Old Quarter, upon receiving compensation for relocation, will likely desire to purchase inner-city apartments due to their familiar lifestyle, daily routines, and the convenience of commuting, schooling, and working.

Within a 5-6km radius of Hoan Kiem Lake, the Rivea Residences project in Vinh Hung ward is gradually taking shape, offering high-end apartments that meet the criteria for comfortable living in the inner city.

In particular, the luxury duplex product line in The Rey Edition collection is positioned as rare sky villas, suitable for wealthy individuals to own for both residential purposes and sustainable investment.

The Rey Edition - a collection of duplexes in Hanoi's inner city (Photo: Developer)

The Rey Edition is located adjacent to Vinh Hung Park and ecological lake, at the intersection of Hai Ba Trung and Hoang Mai districts. Residents of The Rey Edition can reach Hoan Kiem Lake in less than 10 minutes and Times City in 5 minutes, which boasts the most upscale educational and medical ecosystem in the area.

The stunning views of the Red River from The Rey Edition sky villas also create a unique value. The 6.8m high, double-height living room with full-height Low-E glass expands the view of the sediment-laden red river. Other spaces in the house are designed to maximize natural light and capture the changing cityscape along the historic river, offering a luxurious, private, and inspiring living experience.

Residents of The Rey Edition enjoy rare privileges not found in many projects: designated parking slots in the B1 basement – a valuable privilege given the persistent parking problem in the Hoang Mai and Hai Ba Trung districts; a luxurious 3D Golf room; a Business Lounge – a private space for discreet gatherings of the elite; and the Khoi Nguyen Bridge, allowing residents to experience and enjoy the fresh air from the Red River and admire Hanoi from a height of nearly 140m…

With its prime location, unique design, upscale amenities, and limited availability, The Rey Edition is a true "Trophy Asset," yet it's being introduced to the market at a surprisingly low price, comparable to the prices of 2-3 years ago, before Hanoi's apartment market experienced price surges.

The Rey Edition's reasonable price range is considered by investors to be the last "double opportunity" in the central real estate segment. For homebuyers, this is a chance to own high-end apartments in the inner city – equivalent to maintaining the valuable "central core resident" status for generations to come. For investment buyers, the potential for profit is high and sustainable, especially as the project is poised to benefit from the upcoming Yen Duyen road planning and the Tran Hung Dao bridge project, which has already commenced construction. These two factors will push real estate values in this area closer to the levels of Hanoi's most expensive areas.