Some apartment projects near the Nhon - Hanoi railway station have increased in price by 30 - 50% compared to the same period last year. This is double the increase compared to normal projects.
Apartment buildings near Nhon - Hanoi railway station increased in price by 30-50% after one year
Some apartment projects near the Nhon - Hanoi railway station have increased in price by 30 - 50% compared to the same period last year. This is double the increase compared to normal projects.
If the price of apartments near the Cat Linh - Ha Dong railway has increased to 55 - 70 million VND/m2, the prices of projects around the Nhon - Hanoi railway station are also equally high, even increasing more strongly.
According to the investigation of the reporter of the Investment Electronic Newspaper - Baodautu.vn , the current price of apartments at Vinhomes Metropolis (Ngoc Khanh Ward, Ba Dinh District) is mostly around 140 - 165 million VND/m2. For apartments with beautiful locations and handed over with high-class furniture, the price can reach more than 200 million VND/m2.
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| Vinhomes Metropolis project is located right next to Kim Ma station. Photo: Thanh Vu |
Meanwhile, in November last year, buyers could still find apartments priced at VND90-130 million/m2. Thus, it is estimated that after one year, apartment prices here have increased by about 50%. Previously, at the end of 2018 - the time of handover, apartment prices here were only from VND65-100 million/m2.
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| Kim Ma Station is one of four underground stations on the Nhon - Hanoi Railway Line. The project is still under construction. Photo: Thanh Vu |
Vinhomes Metropolis project has a relatively prime location, only about 300m from Kim Ma station and is located near many large, iconic buildings such as Lotte Center building and Daewoo hotel. In addition, the project also has a "view" of 3 surrounding lakes including Giang Vo lake, Thu Le lake and Ngoc Khanh lake.
About 500 m from Nhon station, apartments at the Hateco Apollo Xuan Phuong project (Xuan Phuong ward, Nam Tu Liem district) are being offered by brokers for about 55 - 58 million VND/m2. Compared to November 2023, when the price was only around 35 - 38 million VND/m2, the selling price has increased by 57% over the same period last year.
Previously, when the investor Hateco started handing over the houses in 2019, the apartment price was only about 25 - 26 million VND/m2. At the time of opening for sale in 2017, the price was only nearly 21 million VND/m2.
With Hoang Thanh Pearl apartment building (Cau Dien ward, Nam Tu Liem district), this project is only about 400 m from Cau Dien station. Currently, the price being advertised by some brokers is 65 - 75 million VND/m2. Compared to the figure of 44 - 49 million VND/m2 in the same period last year, the price has increased by about 30%. In the first sale in 2022, the investor, Hanoi Transformer Manufacturing and Electrical Materials Joint Stock Company, only set the selling price at 44 - 49 million VND/m2.
The Nhon - Hanoi Railway Station railway line is 12.5 km long, with 8 elevated stations and 4 underground stations. Of which, the 8.5 km elevated section of Nhon - Cau Giay was commercialized in August 2024. It is expected that the entire railway line will be completed by 2027.
According to Savills, in the third quarter of 2024, the prices of apartments within a 500-meter radius of stations on the Nhon - Cau Giay route increased by over 40% compared to the same period last year. Meanwhile, other projects only recorded an average increase of about 25 - 35% depending on location. This shows that the advantages of the stations have helped the surrounding real estate prices increase by 5 - 15% higher than the general price increase.
“The urban railway will contribute to increasing the value of real estate along the route. More importantly, this transport project will significantly improve the social life of the capital’s residents,” said Ms. Nguyen Thi Hong Van, Deputy Director of Savills Valuation and Consulting Department.
According to a survey, previously, the average price of apartments near the Nhon - Hanoi railway station would only increase by about 10 - 15% per year. However, in the period from 2023 - 2024, the increase has jumped to 30 - 50%. This figure is due to the "fever" of apartments at the beginning of the year, due to the shortage of supply and scarcity of affordable housing.
Not only that, part of the reason for the skyrocketing apartment prices also comes from investors in the secondary market. About 100 meters from Thai Ha station, the Discovery Complex project (Dich Vong ward, Cau Giay district) is a typical case. Apartment prices here are fluctuating in a "different way" direction.
Contacting the seller, the reporter learned that the current price is around 57 - 65 million VND/m2, an increase of about 25% compared to the same period last year. However, some other apartments are being advertised for sale at up to 70 - 80 million VND/m2, corresponding to an increase of 53 - 55% compared to last year.
It is known that these are apartments that organizations and individuals have bought, renovated and equipped with new furniture, then sold at a higher price to make a profit. Real buyers need to research carefully and consult many different sources of information to find an apartment with a price that suits their needs. In addition, buyers should also note that the Discovery Complex project has not yet issued red books to residents, even though the investor has handed over the houses since 2017.
Source: https://baodautu.vn/batdongsan/chung-cu-gan-tuyen-duong-sat-nhon---ga-ha-noi-tang-gia-30-50-sau-mot-nam-d229524.html
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