Tu Lien Bridge construction begins, which projects benefit?

The capital’s real estate market is “crossing the river” to find a place with more room for development. And the opportunity is calling the Northeast of Hanoi, with luxury apartment projects appearing for the first time.

The capital’s real estate market is “crossing the river” to find a place with more room for development. And the opportunity is calling the Northeast of Hanoi, with luxury apartment projects appearing for the first time.

Story of the bridges

Transport infrastructure has long had a close relationship with the development of the real estate market. Particularly for urban areas with rivers, to develop new areas, planning bridges is indispensable. The image of a bridge is a symbol of development, reaching out to influence neighboring areas.

In the South, when the space for urban development in Ho Chi Minh City is running out, Thu Thiem has emerged as the most potential area to become an international financial, commercial and service center. To achieve this, in addition to its prime location on the Saigon River, opposite the center of District 1, the driving force for this land to grow comes from key infrastructure projects, including bridges.

Thu Thiem seems to have completely “transformed”, from a swamp into the most vibrant real estate market when the two Thu Thiem bridges 1 and 2 were completed. In addition, Thu Thiem bridges 3 and 4 and the pedestrian bridge are also in the planning and promise to continue to breathe new life into this urban area. In other words, the 5 bridges will elevate Thu Thiem to truly become a new Manhattan in the “Pearl of the Far East”.

Returning to Hanoi, since the construction of new bridges such as Thanh Tri, Vinh Tuy, Nhat Tan, the urban sprawl has also been stronger in the areas across the river. Long Bien, Gia Lam and even Hung Yen are all areas that have benefited and changed rapidly. The face of the "riverside" urban area has completely changed. Up to now, with completed infrastructure, the Northeast (Dong Anh) is the new development center with large-scale urban projects, the real estate market has a remarkable growth rate.

According to the capital's transport planning to 2030, with a vision to 2050, Hanoi will build 10 more large bridges across the Red River. Among them, Tu Lien Bridge, which will officially be built in the second quarter of 2025, is considered a big boost for the Northeast market of the capital. The new bridge, an international-class metropolis that is being vigorously deployed, is considered a launching pad for the Northeast of the capital to become a new symbol of Hanoi. In that process, luxury apartment projects are indispensable - typically Imperia Signature Co Loa.

Imperia Signature Co Loa project has convenient connection to Tu Lien Bridge

Market history always brings the most interesting and valuable conclusions. Returning to the story of the role of infrastructure, the real story in the West Lake area has said a lot. Up to now, with complete infrastructure, the West Lake area is being positioned as the new administrative center of the capital, when it will be the area to arrange 13 working headquarters of ministries and ministerial-level agencies.

With that position, the West Lake area has become a hot spot of the real estate market. By the end of 2024, there have appeared apartment projects with selling prices up to 150 million/m2, and land-attached housing prices from 500 - 600 million/m2. West Lake has also become the "destination" of a series of class A office projects. According to experts, all of this comes from the planning effect and the investment wave-catching mentality of professional "hunters" in the market.

Northeast Hanoi - the new center of the real estate market

The question that many people are asking and looking for an answer to is, in the coming time, which area will lead the Hanoi real estate market? And it seems that the opportunity is calling the Northeast of Hanoi (Dong Anh area).

Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association said that developing the two banks of the Red River and developing to the Northeast is a strategic vision in the development of Hanoi. Strong investment in infrastructure along with well-planned metropolitan projects, promoting the living environment with landscapes and utilities, creating a new urban appearance and creating a vibrant market in the Northeast region. This is and will be the "new coordinates" of the capital's real estate, attracting many domestic and foreign investors to pay attention, approach and seek investment opportunities.

Tu Lien Bridge is one of the bridge projects across the Red River with a large scale, modern design and potential to promote socio-economic development.

The early construction and use of Tu Lien Bridge in the near future will help shorten the travel time from Dong Anh to the center of Hanoi or vice versa to only 5 - 10 minutes, which is only about 1/4 of the current time. And as mentioned, Tu Lien Bridge will create new development space for Hanoi, reducing the population burden for the historic inner city area. Accordingly, housing projects are also sought after by many investors because professional "players" all understand that if they promptly own an apartment in the current period, the opportunity for price increase will be very large in the near future.

Since the end of 2024, Imperia Signature Co Loa has launched its first product line. This is a breakthrough project of MIK Group when shaping the lifestyle of new global citizens. Imperia Signature Co Loa has shown tremendous attraction when almost immediately, just a few days after launching, 1,700 apartments have found owners.

The Cosmopolitan subdivision is expected to launch in early 2025 and will catch the market wave when Tu Lien bridge is about to start construction.

Continuing the success of phase 1, MIK Group is expected to launch phase 2 of the project soon. With The Cosmopolitan, the highest standards of phase 1 continue to be inherited and upgraded. The Cosmopolitan targets VIP customers, is a product to affirm personal mark thanks to its limited location, distinct privileges and global standards. With these breakthrough highlights, The Cosmopolitan may continue to heat up the apartment market in the Northeast of the capital, especially after the news that Tu Lien bridge will soon start construction.

Source: https://baodautu.vn/batdongsan/cau-tu-lien-khoi-cong-du-an-nao-huong-loi-d249010.html