Why is real estate in Linh Dam area always attracting real buyers?

From the position of the first model urban area in Hanoi , until now, the attractiveness of Linh Dam area has not decreased despite changes in planning and "turbulent" developments of the market.

From its position as the first model urban area in Hanoi, up to now, the attractiveness of Linh Dam area has not diminished despite changes in planning and "turbulent" developments of the market.

Big demand but scarce supply in Linh Dam

In the first 9 months of 2024, the Hanoi apartment market was extremely vibrant as demand, prices and transaction volume all increased. Savills said that in the third quarter of 2024, the number of apartments sold reached 6,840 units, an increase of 35% quarter-on-quarter and 226% year-on-year. Previously, in the first 2 quarters of the year, more than 12,200 apartments were traded, exceeding the record for the whole year of 2023.

Reports also show that the West and East - two areas with the largest supply concentration in the most vibrant Hanoi market, along with some areas such as Ha Dong, Hoang Mai... are especially attractive to real buyers.

Linh Dam area attracts apartment buyers

In Linh Dam area (Hoang Mai district), the number of customers coming to buy houses is always bustling.

“Family customers, parents from other provinces looking to buy a house for their children, and young singles all like this area. Many apartments in the HH Linh Dam apartment complex are currently being offered for sale at around VND37-40 million/m2, some newer buildings are priced at around VND50-53 million/m2, and some are being offered for around VND60 million/m2. Primary products are scarce, there is an apartment project in the whole area so customers are especially interested, many customers are just waiting for the official opening to finalize the apartment and pay,” said Ms. Thuy, a person in the Linh Dam area.

Commenting on the attraction of Linh Dam area, Mr. Quang Dat - a broker specializing in Linh Dam apartments shared: Linh Dam area is popular due to many factors.

Firstly, housing prices here are still "soft" compared to many other areas. Secondly, Linh Dam is close to the city center - only about 20 minutes to Hoan Kiem Lake, and is also a gateway connecting to the southern provinces, connecting to many major roads so it is very easy to move. Thirdly, this is also an area with rapidly completed and synchronized infrastructure including many large schools and hospitals...

In particular, Linh Dam has an advantage that few places in the inner city can match: it has a large area of trees and water, which helps the air to be fresh and cool. Those who have lived here for a long time do not want to move elsewhere.

Mr. Dat added that the demand for customers looking to buy apartments in this area is increasing, but many apartment owners in Linh Dam do not want to sell their houses even though the price has doubled or tripled compared to when they bought them. They are only willing to sell when they can buy a more modern apartment with more amenities, still in this area. Both new customers and old residents in Linh Dam have a great demand to find new projects, primary projects that are being or will be opened for sale here.

Despite the high demand, the area is short of primary projects. In fact, there is only one project in Tay Nam Linh Dam, Hanoi Melody Residences. This is also the project that customers are eagerly waiting for and that Ms. Thuy constantly mentions.

Rare primary project in Linh Dam

Talking to residents living in this area, most agree that Linh Dam is a livable place. Ms. Nguyen Thi Hoa - a resident who has lived here for 10 years said: "You have to live here to see it all, there is probably no area in Hanoi that has as much greenery, is cool and easy to live as here. What is lacking in this area is probably more modern, spacious apartments with more internal amenities."

“Filling” this gap, Hanoi Melody Residences is highly appreciated by customers with real housing needs. Convenient location and the most modern and abundant utility system in the area are the factors often mentioned when talking about the project.

Hanoi Melody Residences is located in a high-class residential area with an open view.

Located in the Southwest of Linh Dam, Hanoi Melody Residences has 4 spacious entrances, adjacent to Ring Road 3, National Highway 1A - convenient inter-provincial connection and major routes to the inner city center such as Nguyen Huu Tho, Giai Phong...

The project provides an internal utility system of up to nearly 6,000 m2, including 20 large utilities. Highlights include a resort-style internal swimming pool of nearly 1,000 m2, a multi-purpose sports area, a children's playground, a kindergarten of nearly 3,000 m2, a shophouse with a variety of industries, 3 basement floors of smart parking...

Another attraction for real buyers is that the project offers a variety of 2-bedroom and 3-bedroom apartment layouts with areas ranging from 67 m2 to 145 m2.

With all the ideal living conditions, green, convenient, and easy to move around, combined with new multi-utility and multi-experience projects such as Hanoi Melody Residences, Linh Dam will become more and more attractive in the eyes of real buyers.

Source: https://baodautu.vn/batdongsan/vi-sao-bat-dong-san-khu-vuc-linh-dam-van-luon-thu-hut-khach-mua-o-thuc-d228138.html