The eastern part of the capital is bustling, with investors flocking to the outskirts to "hunt" for land.

The eastern part of the capital is bustling, with investors flocking to the outskirts to "hunt" for land.

The real estate market in eastern Hanoi is attracting attention from investors due to its long-term development potential, especially in satellite cities – areas that have not yet experienced land speculation.

The market is vibrant and full of potential.

As a leading growth hub in Hanoi, the eastern area has attracted a series of large and reputable investors such as Vingroup, Ecopark, Masterise, T&T, BRG Group, Eurowindow , etc., with "mega-projects" of the largest scale and most unique planning in the North, which have been making waves in the market. These projects have not only changed the urban landscape of the East and boosted economic development but also caused land prices in the area to increase significantly.

The real estate market in eastern Hanoi is booming thanks to the participation of many major players.

According to surveys, during the period 2020-2022, the selling prices of low-rise properties in projects recorded a common growth rate of 100-150%, and in some cases even 3-4 times higher than the initial launch prices.

Land prices in residential areas in Long Bien district range from 40 to 50 million VND/m2, reaching 240 million VND/m2 near the Tran Hung Dao bridge (under construction) and approximately 210 million VND/m2 in the Co Linh area. In Gia Lam district, main roads near the city center have an average price of 40 to 90 million VND/m2, with Ngo Xuan Quang road reaching a remarkable 230 million VND/m2...

The vibrancy of the Eastern market stems primarily from the planning vision for the Capital Region according to Resolution 06-NQ/TW, expanding close links with 9 neighboring provinces and cities, with the East bordering many provinces that are industrial hubs in the North such as Hung Yen, Bac Ninh , Hai Duong, Hai Phong…

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Many experts believe that the East is the future of Hanoi. The Northern economic triangle, comprising Hanoi, Hai Phong, and Quang Ninh, has officially formed, especially with the connection provided by the Hanoi-Hai Phong expressway and the Hai Phong-Cau Gie expressway. Economic development must be oriented towards the sea, therefore, urban development towards the East will take advantage of this connectivity.

In particular, a series of key national projects in this area have been and are being implemented, such as the Vinh Tuy Bridge Phase 1 (3,600 billion VND), Dong Tru Bridge (6,600 billion VND), Hanoi - Hai Phong Expressway (45,000 billion VND), Co Linh Interchange (400 billion VND), Vinh Tuy Bridge Phase 2 (2,500 billion VND), Tran Hung Dao Bridge (expected investment of nearly 8,700 billion VND)...

The development plan includes 10 bridges across the Red River and the Ring Road 4 - Capital Region connecting to the eastern part of the capital, creating a boost for trade and economic activities, and acting as a catalyst for real estate development.

Investors flock to suburban areas to "hunt" for land.

With land prices in the eastern districts of Hanoi already high compared to the general average, investors are tending to shift to neighboring provinces and cities to seek potential for price appreciation. Among these, the districts bordering Hanoi in Hung Yen province are an ideal destination due to their prime location and developing economy.

Mr. Nguyen Cuong (Gia Lam, Hanoi) shared: “According to the principle of the oil spill, the ‘fever’ in the eastern districts of Hanoi will inevitably spread to the suburbs. While real estate prices in Hanoi tend to ‘peak’ with little room for growth, opportunities will open up in neighboring areas. Among them, Hung Yen is the neighboring province with the most potential.”

The current market in Hung Yen is experiencing a scarcity of new project supply, especially for fully developed urban areas with central locations, complete legal documentation, and long-term ownership certificates. A notable example is Economy City, developed by Hoang Vuong Hung Yen JSC, a high-end urban project with numerous advantages and promising potential.

Accordingly, Economy City is one of the rare remaining locations in the heart of Nhu Quynh town, Van Lam district, just a 20-minute drive from Hanoi. Surrounding the project is an affluent residential area with a high standard of living, adjacent to key administrative offices of Van Lam district, ensuring a vibrant lifestyle with lively cultural and recreational activities and festivals throughout the year.

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While in Long Bien and Gia Lam, the price of prime land plots has reached 240 million VND/m2, in the core central area of ​​Van Lam, which borders and is considered a satellite city of Hanoi, land prices remain very good and reasonable, with long-term growth potential.

Economy City is a comprehensively planned urban area, considered one of the best in the region.

Economy City is a pioneering urban development project in Van Lam, spanning over 36 hectares and comprising four bustling economic and commercial zones that thrive day and night. Highlights include a vibrant night-time economic street, a light square, a pedestrian street, and a diverse range of high-class amenities, promising residents a sophisticated lifestyle. The developer states that all properties in the project have full legal documentation, including long-term ownership certificates, and the entire project has fulfilled all tax obligations as required.

According to the principle of location first, legal compliance second, and value third, especially in the context of the current scarcity of quality projects, Economy City is a wise choice for both investors and homebuyers, due to its existing value at the present time and its guaranteed increase in the future.

Source: https://baodautu.vn/batdongsan/khu-dong-thu-do-soi-dong-nha-dau-dau-do-ve-vung-ven-san-dat-d225184.html