At the end of 2024, the Hanoi real estate market witnessed a strong shift in apartment supply from the East and West to the Northeast. In particular, the appearance of reputable investors such as MIK Group with the supply of high-end apartments at The Continental became a factor increasing the heat of the Northeast market of the capital.
Shift in market supply
According to reports from market research units, over the past 5 years, the supply of apartments has mainly been concentrated in the West and East of Hanoi. The projects launched in the recent period have not only created a fever with a high absorption rate but have also been the main driving force behind the growth of the capital's real estate market over the past time.
By the end of 2024, supply and demand are beginning to gradually shift to the Northeast of Hanoi, in the context of land funds in areas such as the West and East gradually becoming narrower. Notably, the convergence of a series of real estate giants such as Vinhomes, MIK Group, Masterise, BRG, Sumimoto, ... in the Northeast Hanoi market quickly "heated up" the market in this area.
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| The presence of big local players in the Global Gate metropolis in the Northeast |
Some major projects that cannot be ignored are the “smart city” jointly implemented by the BRG and Sumimoto alliance. Recently, the “bustling international city” - Vinhomes Global Gate, jointly created by three prestigious real estate developers Vinhomes, MIK Group and Masterise, was also officially announced to the market.
Participating in the construction of the international city in the Northeast of the capital, MIK Group introduces to the market the Imperia Signature Co Loa project complex, the most premium version of the Imperia brand. According to the plan, Imperia Signature Co Loa includes 5 towers with the most prime locations in the metropolis. In 2024, the first 2 towers to be launched on the market are The Continental with an expected supply of more than 1,700 apartments.
Heating factor in real estate market
According to experts, the excitement of the market is spreading rapidly to the Northeast of Hanoi. This trend will continue to increase in the last weeks of 2024 and into 2025. Explaining this, an expert with many years of experience in the real estate market analyzed that there are two important factors contributing to the heat.
First is the “core” of reputable investors. In addition to Vinhomes, MIK Group is the next unit that has announced information about the projects that will be implemented in this metropolis. This is a “famous” developer with a quality project concept, unique design and professional post-handover operation process.
The second factor is the intrinsic quality of the product lines. For example, the two towers of The Continental by MIK Group are positioned with modern high-end handover standards and utilities, equivalent to high-end projects in the world. The Continental is developed according to the Global-Residences apartment model, appearing for the first time in Vietnam. This is the perfect combination of high-end apartments located in the center and the standards of international hotels, along with a system of top-notch utilities.
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| The Continental – 2 towers are becoming the focus of the real estate market in the Northeast of the capital |
According to experts, in addition to the above two factors, if we evaluate the demand and supply, the current and expected high-end and luxury apartment basket in the Northeast of Hanoi is very low compared to other areas. Meanwhile, with a large land fund and great momentum from infrastructure growth, the Northeast of Hanoi has a lot of room to develop beautiful real estate projects. "Therefore, the Northeast can completely become a Thu Thiem of Hanoi. And this is the reason why real estate prices in this area will certainly increase in the short and medium term", said an experienced expert in the real estate sector.
In the context of the continued increase in demand for high-quality housing, projects by reputable investors such as MIK Group are playing an important role in shaping the future of real estate, bringing a new look to Hanoi and neighboring areas.
The launch of Imperia Signature Co Loa not only affirms MIK Group's pioneering position in the real estate market but also contributes to elevating the Northeast area of Hanoi, turning it into a new center of modern and classy life. With its growing appeal, the real estate market in this area will certainly continue to heat up in the near future.
Source: https://baoquocte.vn/du-an-nao-dang-tao-suc-sut-cho-thi-truong-bat-dong-san-dong-bac-ha-noi-296151.html
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