How have the prices of prime urban areas in Hanoi increased?

Among the urban areas located in beautiful locations of Hanoi , there are projects that, despite being notorious, are still popular with many people. Many apartments in these projects have doubled in price in just the past few years, although the quality has noticeably decreased.

Among the urban areas located in beautiful locations of Hanoi, there are projects that, despite being scandalous, are still popular with many people. Many apartments in these projects have doubled in price in just the past few years, although the quality has noticeably decreased.

Cau Giay District: With an area of ​​up to 287.8 hectares, Cau Giay is one of the districts with many urban area projects in Hanoi, accounting for about 73.2% of the area. This place concentrates many major streets such as Nguyen Van Huyen, Me Tri, Duong Dinh Nghe, Pham Hung... convenient for traveling. Not only is it a place to live that attracts many people, many agencies also choose this area as their new headquarters and offices after leaving the center of the capital.

One of the first new urban areas to appear in Cau Giay district is Trung Hoa Nhan Chinh, covering an area of ​​300,000 square meters, located on the border between Cau Giay and Thanh Xuan districts. Construction began in 2001 and was completed in 2006. Since its establishment, it has been a livable place because of its prime location, convenient connection between the city center and major traffic routes. Just two years ago, an apartment here cost from 24 to 35 million VND/m2, but now it has skyrocketed to around 60 million VND/m2.

Located right in Trung Hoa Nhan Chinh area is Vinhomes D'Capitale complex. In 2016, when this project launched the first apartments, it created a fever in the market. Located in an extremely favorable location, the urban area owns 3 facades facing 3 busy and bustling streets including Tran Duy Hung, Khuat Duy Tien and Hoang Minh Giam. Currently, the apartments here are for sale at about 100 million VND/m2.

Talking about new urban areas in Cau Giay district, we cannot help but mention the Nam Trung Yen project. This is the first phase of the new urban area project in the southwest of Hanoi, with detailed planning and items that are very beautiful and worth living, approved by the City People's Committee at the end of 2001.

However, many items have not been completed yet. During the living process, many complaints have occurred. The quality of the apartment has deteriorated, the walls are constantly peeling off, the surrounding area is very dirty because of the shops surrounding the premises and many other painful problems.

However, due to its beautiful location in the district, many people still like to buy apartments here, even in buildings that have not been granted red books. Real estate prices in Nam Trung Yen have more than doubled compared to a year ago.

Nam Tu Liem District: Nam Tu Liem District has many "hot" urban areas, including apartment buildings and townhouses in My Dinh, Me Tri, Song Da - Sudico, Trung Van and most recently Vinhome Smart City... Currently, an apartment in Song Da Sudico building costs about 60 million/m2 depending on the unit, more than double compared to the beginning of 2023. Meanwhile, the high-end project The Manor (left of the photo) costs an average of 80 - 90 million/m2.

My Dinh Urban Area (Nam Tu Liem) has one of the most beautiful locations compared to projects in the west of the capital. In recent years, many high-end apartment projects have sprung up here. The Zei - HD MON is a modern apartment building, the price when it was first offered was over 50 million/m2 about 5 years ago, now the price has increased from 80 to over 90 million/m2.

Hoang Mai District: The Linh Dam Urban Area planning project was implemented from 1990 - 1992 with the name Linh Dam Lake General Service and Housing Area. Of the more than 184 hectares, 74 hectares are for water surface planning, Linh Dam Lake has a horseshoe shape, with a systematic approach to water surface space, green parks, services...

The Linh Dam Lake project in 1994 won the national architecture award. After 20 years, the Linh Dam urban area no longer looks like the original planning project. The planning orientation is the same, but after many adjustments, the project is distorted, deformed, making the once livable place become a horror for many people who have to travel through it every day on their way home from work or have to move through it.

The outstanding project in Hai Ba Trung district bordering Hoang Mai district is Vinhomes Times City Urban Area. Considered a "golden" location in the heart of the capital, this place owns a convenient transportation system, easily connecting to major routes such as Ring Road 2, Minh Khai Street, Vinh Tuy Bridge... Currently, the selling price of an apartment here has reached 80 - over 100 million VND/m2, while when it was first inaugurated, it was only about 30 million VND/m2.

Bac Tu Liem District: Ngoai Giao Doan Urban Area has been the hottest address since its appearance, especially in the past few years. Many people from far away from this place also sell land and other apartments to move here to live. Currently, there is a 141m2 apartment with a price tag of nearly 17 billion VND including furniture. In 2019, when the infrastructure was not yet fully completed, the average price of an apartment here was about 35 million VND/m2.

In Bac Tu Liem district, there is also a notable urban area called Nghia Do, which is considered a European style in the heart of the city with a deep yellow exterior paint color. According to a classifieds page, the price of an apartment with an area of ​​less than 100m2 here is from 6 to 7 billion VND. While when it was first inaugurated, the price was less than 1/3.

Tay Ho District: Next to the Diplomatic Corps project (left) is the Tay Ho Tay New Urban Area (right, belonging to Tay Ho and Bac Tu Liem districts) with an area of ​​nearly 190 hectares. The progress of the Tay Ho Tay urban area is divided into 2 phases. Phase 1 was implemented by the investor from 2010 to 2019, with a total area of ​​nearly 1.15 square kilometers.

This is considered the most expensive urban area in Hanoi. As early as 2022, when real estate prices had not yet increased, the price was nearly 100 million VND/m2. At the same time last year, the price of a Duplex here reached 220 million VND/m2. According to Savills data, since 2021, real estate prices in Tay Ho Tay have increased more strongly than the general market level in Hanoi.

According to the new land price list issued by the Hanoi People's Committee, the capital has 5 urban areas with land prices above 100 million VND/m2. Of which, Tay Ho Tay is the urban area with the highest land price in Hanoi with more than 113 million VND/m2 (an increase of 225% compared to the price list issued in 2019). In fact, the market price is 3-5 times higher than the above price. Currently, townhouses and villas at the Starlake project are being offered for sale at prices ranging from 400 million VND to more than 800 million VND/m2. Apartment prices are also being offered for sale at prices ranging from 90 million VND to 135 million VND/m2, with some apartments priced at over 150 million VND/m2.

Long Bien: Located at the Northeast gateway of the capital, Viet Hung Urban Area (Long Bien District) borders many important traffic routes such as National Highway 5, 1B, Vinh Tuy Bridge, Thanh Tri Bridge. This urban area has a scale of 210 hectares, a population of about 26,000 people, invested by Housing and Urban Development Investment Company (HUD). This is a pioneering new urban area project with synchronous investment in both technical infrastructure and social infrastructure. Compared to the time of inauguration, apartment prices here have increased 3-4 times.

According to Vietnamnet

Source: https://tienphong.vn/nhung-khu-do-thi-o-vi-tri-dac-dia-cua-ha-noi-da-tang-gia-ra-sao-post1710919.tpo