Project Overview
Permanent Vice Chairman of Hanoi People's Committee Duong Duc Tuan signed the Decision approving the investment project to build the second section of the road connecting Vo Nguyen Giap Street to Soc Son Satellite Urban Area. This is the main route connecting Vo Nguyen Giap Avenue with the satellite urban development area in the North of the capital, passing through Soc Son commune.
The project investor is the People's Committee of Soc Son commune, with a total investment of 498,336 billion VND. The project is divided into two phases: investment preparation from 2024-2025 and project implementation from 2026-2029.
Detailed planning
The route is about 4.04 km long, starting at Km0+00 intersection with Provincial Road 131, ending at the intersection with the road connecting National Highway 3 with Soc Temple. This section 2 will continuously connect with section 1 under construction, creating a complete traffic route from Vo Nguyen Giap Street to Soc Son Satellite Urban Area.
The approval of section 2 marks an important step in completing the regional traffic planning, ensuring consistency with ongoing projects such as the route from Provincial Road 131 to National Highway 3.
Infrastructure connectivity and development impact
The main objective of the project is to complete the traffic system connecting Soc Son Satellite Urban Area with the center of Hanoi through Vo Nguyen Giap Avenue. This route not only solves the travel needs of the people but also creates a driving force for socio -economic development for the locality.
The completion of the route will promote the construction of the satellite urban area's technical infrastructure system, attracting investors to this area. This is a key factor for Soc Son to develop according to the plan until 2030, turning the satellite area into a bustling urban center with a synchronous utility system.
Real estate market potential
The emergence of a complete connecting route will directly impact the real estate market in Soc Son. This area is currently planned as a large-scale satellite city, and improved traffic connections will increase land value as well as the attraction for housing and commercial projects.
However, investors should note that the project is only in the approval stage and has not yet begun construction. Real estate transactions in the area need to be carefully considered in terms of legality, especially the transparency in the detailed planning of each plot of land.
Implementation progress and risks
The project is planned to be implemented over 5 years (2024-2029), with the investment preparation phase from now until the end of 2025. This is a fairly long period of time, with potential risks of material price fluctuations, policy changes and the ability to mobilize capital.
With the investor being the People's Committee of Soc Son commune, the implementation of a project with a scale of nearly 500 billion VND requires effective management and resource coordination capacity. Real estate investors and residents need to closely monitor the actual progress, especially the site clearance and construction permit issuance.
Warning for investors
Project information may change according to planning adjustments during the implementation process. Real estate buyers need to verify the legality before making a decision, especially the legality of housing projects in the area affected by the new route. Sales policies and prices depend on the time of transaction and the actual progress of the infrastructure project.
Source: https://baolamdong.vn/ha-noi-phe-duyet-doan-2-duong-noi-vo-nguyen-giap-den-khu-do-thi-ve-tinh-soc-son-quy-hoach-va-tac-dong-404673.html
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