(CLO) Due to the potential has reached its limit but the price is too high, townhouses in the center of the capital are gradually being eliminated from the search target of many real estate investors. Instead, many people are directing their money to new central areas that are well-planned with multi-level profits as well as the potential for long-term value increase.
Quiet inner city, turbulent Northeast
According to a recent survey on some real estate trading sites, townhouses on many central streets in Hanoi are being advertised for sale at "startling" prices, up to more than 2 billion VND/m2. Thus, each meter of this townhouse is priced at the same level as a 2-bedroom apartment. In addition, the common price in the central area, especially Hoan Kiem district, is being advertised at 800-900 million VND/m2.
With prices remaining high for a long time, townhouses in the central area of Hanoi are gradually losing their appeal as their business potential is not commensurate with the value of the property. Meanwhile, the amenities in the central area of the capital have been compressed to the maximum, causing the development space for this type of expensive townhouse to almost reach its limit.
Many townhouses in central Hanoi are being sold at "startling" prices.
“Spending nearly 100 billion to own a house with a frontage of only about 50 square meters is a very risky investment. Not to mention, the ability to reach customers is limited by the narrow space, most of the roads are prohibited from parking. With that amount of money, we have many more attractive options on the market at the present time,” said Mr. Cong Nam, a real estate investor in Hanoi.
In fact, many investors are shifting their cash flow to areas with a lot of room for future growth, such as the Northeast of the capital with Dong Anh preparing to become a district. Here, the Vinhomes Global Gate super urban area is receiving special attention from investors as it owns a basket of superior townhouses with lower prices than the inner city or surrounding areas. Not to mention, reputable investors are applying attractive sales policies, rare in the market, helping investors to hold on to victory.
Vinhomes Global Gate with its superior townhouse product line is creating attraction for the Northeast area of Hanoi.
Multi-level profits from diverse advantages
With many advantages, Cat Tuong subdivision of Vinhomes Global Gate is being evaluated as the cash flow real estate that brings the best profit to investors at the present time. The first proof is the price of townhouses which is the best on the market, fluctuating from only 60 - 70 million VND/m2 of construction floor. This price is equivalent to the price of land in some areas in Dong Anh district, much lower than some surrounding projects, and far lower than the price of inner-city real estate.
Cat Tuong townhouses are facing a milestone of strong price increase when Tu Lien bridge is about to start construction, expected in the first half of 2025.
In addition to competitive prices, Cat Tuong townhouses will continue to increase in value in the near future thanks to a series of "steel levers". Price increase milestones will be evenly distributed over the next 36 months, linked to the launch of super utilities at Vinhomes Global Gate.
In addition to the 32-hectare Central Lake completed in November 2024, by 2025, the metropolis will have the Fairyland Park which is also about to be completed. Next is the National Exhibition Center - The Grand Expo (July 2025), Grand World, Vincom Mega Mall, ...
In particular, Tu Lien - the symbolic bridge of Hanoi, is expected to start construction in the first half of 2025 and be completed in 2027, after only 2 years of construction. When completed, the bridge will shorten the distance from Cat Tuong in particular and Vinhomes Global Gate in general to the inner city to only 5 minutes of travel. This is considered a strong push to promote the migration flow from the inner city to the Northeast.
Along with the foreseeable price increase, Cat Tuong townhouses also bring in daily profits thanks to their location directly connected to Tu Lien bridge and adjacent to the major amenities of the super city. Owners will easily take advantage of the huge flow of millions of visitors coming to Vinhomes Global Gate for work - vacation - shopping - entertainment every year.
The price increase milestones of Cat Tuong townhouses are associated with the completion time of major utilities of Vinhomes Global Gate.
The end of the year is the time when investors accelerate the closing of investment portfolios. The investor also offers many attractive incentives to support investors to achieve their goals soon. In particular, it is necessary to mention the policy of giving 5 gold bars equivalent to 400 million VND to all customers choosing Cat Tuong townhouses (raw house fund), from December 1, 2024 to January 31, 2025.
Thanks to competitive prices, outstanding preferential policies and "indisputable" price increase prospects, Cat Tuong townhouses are like a "magnet" attracting cash flow to the Northeast of the capital. This attraction is increasingly stronger as the market is entering a new growth cycle, at the same time, the impact of the land price list is expected to continuously establish new price levels.
PV
Source: https://www.congluan.vn/dat-noi-do-giam-nhiet-nha-dau-tu-chuyen-huong-manh-sang-khu-dong-bac-post329060.html
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