Right before Dong Anh becomes a district and the National Exhibition and Fair Center is expected to be inaugurated in July 2025, commercial service apartments at Eurowindow River Park with prices starting from only 32 million VND/m2 are causing a fever in the Eastern Hanoi market.
Apartment prices increase "skyrocketing"
According to data from the OneHousing Center for Market Research and Customer Insights, the average selling price of primary apartments in the entire Hanoi market has increased significantly, from VND 40 million/m2 in early 2022 to about VND 72 million/m2 in the third quarter of 2024. In particular, the average price of newly opened projects in this quarter reached about VND 72 million/m2 (excluding VAT and maintenance fees), because the supply of newly opened apartments in the quarter was mainly recorded as high-end and luxury segments, accounting for 100% of the market share.
According to the real estate market report for the third quarter of 2024, the Ministry of Construction clearly stated the "galloping" price increase of the apartment segment.
Specifically, apartment prices in Hanoi have continued to increase in both new and old projects. In particular, in the primary market, prices have increased by about 4-6% quarterly and 22-25% annually. Some areas even recorded local increases of up to 35-40% compared to the previous quarter.
The report also reviews the selling prices of some projects in the capital, including The Zurich subdivision in Vinhomes Ocean Park (Gia Lam district), with prices ranging from 46 - 55 million VND/m2, and The Sapphire subdivision in Vinhomes Smart City (Nam Tu Liem district), with prices ranging from 47 - 61 million VND/m2.
Higher, the Lumi Prestige project (Nam Tu Liem district) has a price of up to 69 million VND/m2, The Ninety Complex (Dong Da district) has a price of 60 - 75 million VND/m2, and the Viha Complex project (Thanh Xuan district) is up to 75 - 97.2 million VND/m2.
Thus, it can be seen that the price below 40 million VND is almost non-existent in new projects and if it is, it will be sought after. Because even when apartment prices skyrocket, the transaction volume of this segment is still quite impressive. The total transaction volume of apartments and individual houses in the third quarter of 2024 still reached 38,398 successful transactions. This figure increased by 48.3% compared to the second quarter of 2024 and increased by 29% compared to the same period in 2023.
Commercial service apartments priced under 40 million VND/m2
Right before Dong Anh becomes a district and the National Exhibition Center is expected to be inaugurated in July 2025, commercial service apartments at the Eurowindow River Park project with prices starting from only 32 million VND/m2 are causing a fever in the eastern Hanoi market.
Providing a multi-functional solution, the collection of commercial serviced apartments helps owners save on office rental costs, take the initiative in designing, repairing, decorating the workspace and freely experiencing the living space. Owners are guided through the procedures to receive the pink book in the shortest time.
With an area of 150-251m2, commercial service apartments can also be used as business premises, rented out for a variety of industries such as: kindergartens, gyms, spas, beauty salons, training centers...
Ms. Thuy Hien (32 years old) shared: “I just “closed” a house to both live in and use as a spa. The spacious area allows me to arrange a space for customer care while still having enough space for personal activities.”
Owning a commercial service apartment at Eurowindow River Park, residents can experience a rich internal utility system such as a four-season swimming pool, shopping mall, sky garden, walking path, children's playground, outdoor sports field, inter-connected parking basement... Modern equipment such as high-speed elevators, 24/7 security surveillance system, soundproof and heat-insulated Eurowindow doors also contribute to a comfortable and classy life.
Not only integrating a complete utility system, meeting all living needs, Eurowindow River Park also easily accesses essential utilities around the project within a radius of about 2km around the project such as: shopping centers, schools, traditional markets, hospitals...
Thanks to its prime location on Truong Sa Avenue, from Eurowindow River Park, residents only take 15 minutes to reach the Old Quarter and 20 minutes to reach Noi Bai Airport. The Tu Lien Bridge project, once completed, is expected to shorten the travel time from the project to West Lake to only 10 minutes.
In the context of scarce supply and skyrocketing real estate prices as present, the investor Eurowindow River Park offers customers the opportunity to own a super commercial service product with attractive incentive policies: early payment discount of 14% of List Price (GNY), bank support for loans up to 65% of GTCH with 0% interest rate and 24-month principal grace period, rental support up to 5.5%GNY, gift of interior finishing support package...
Phuong Dung
Source: https://vietnamnet.vn/can-ho-gia-tot-hap-dan-gioi-dau-tu-2341850.html
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