Low-rise housing prices in Hanoi's suburbs continue to increase sharply, concentrated along beltways 3, 5 and 4.

Villas and townhouses are the second hottest segment after apartments in the Hanoi market. It is expected that with limited new supply from now until the end of the year, this segment will still create a certain excitement in the capital.

Since the beginning of 2024, real estate in the West of Hanoi has been continuously hot, especially low-rise real estate along the Ring Roads 3.5 and 4, which are being rapidly built. Actual surveys show that the price of villas and townhouses in suburban districts such as Hoai Duc and Dan Phuong has reached 200 million VND/m2.

A little further south, following these belt axes, real estate prices in Thuong Tin and Thanh Tri have also skyrocketed. Actual records show that the low-rise segment has reached 100-150 million VND/m2. Many projects have even sold out as soon as they were launched.

Thuong Tin real estate market benefits from key traffic axes.

Although Hanoi real estate prices have been increasing rapidly, buyers and many investors are still worried that prices will continue to increase when the Land Law, Real Estate Business Law, and Housing Law come into effect, because land prices and costs of creating products will increase. Along with that, the situation of exhausted supply makes existing projects even more valuable.

Not only increasing prices due to the impact of infrastructure and laws, experts also believe that the low-rise segment in the suburban districts of Hanoi will increase in the future due to the clustering of investors in Hanoi. After the period of "fishing offshore", now the big players in the market all realize one thing: "investing everywhere is not as good as making profits in Hanoi".

"The group of investors in Hanoi is number one in the country in terms of quantity, information sensitivity and market understanding. After a long time investing all over the country, recently, they are withdrawing to Hanoi to look for opportunities. The fact that the group of investors buys and sells with a large amount of money has created a new price level in the real estate market. After the fever of the apartment segment, villas and townhouses are the next hot spots of the market," real estate investment consultant Tran Minh affirmed.

The survey shows that areas such as Long Bien, Dong Anh, Dan Phuong, Hoai Duc, Gia Lam... even Van Giang (Hung Yen) have recorded price increases of more than 100% in the past 3 years. It is predicted that this increase will not stop when Dong Anh and Gia Lam districts will become districts in 2025 and Hoai Duc, Dan Phuong and Thanh Tri districts will become districts in 2026.

In particular, a new market, Thuong Tin, is also attracting investors’ attention as this place is being oriented towards strong industrial development. Along with that, the planning of the second airport of Hanoi and the Southern City is also causing investors to flock to this area.

Talking to us, a veteran broker with 20 years of experience in Thuong Tin said that from the end of 2023, real estate prices here have gradually increased and increased sharply from the beginning of 2024. In particular, low-rise shophouse products such as Him Lam Thuong Tin are being bought, sold and transferred strongly in the secondary market.

Him Lam Thuong Tin, a model commercial street in the center of Thuong Tin district.

Following the footsteps of real estate investors since March, it can be seen that after most of the investors who still had money, or had money in the bank, they withdrew it all and put it into land. This is also the reason why many villas and townhouses suddenly became popular in the period of March - May such as Him Lam Thuong Tin, Vinhomes Ocean Park 2-3 (Gia Lam - Van Giang). Even many urban areas that have been abandoned for decades are being sought after by investors such as Phonix Garden (Dan Phuong) or Nam An Khanh (Hoai Duc)...

According to Mr. Nguyen Van Dinh - Vice President of Vietnam Real Estate Association, when resort real estate is still quite quiet, land in the provinces is waiting for its time, inner-city apartments are too hot, then villas and townhouses in the suburbs are still the choice of many investors because they both ensure stability and have high potential for price increase.

"Currently, the market for villas and townhouses in Hanoi has run out of inner-city products, forcing the demand for low-rise housing to shift to the suburbs. This will also be the driving force for continued price increases in this segment in the future," Mr. Dinh affirmed.

Source: https://baodautu.vn/batdongsan/gia-nha-thap-tang-vung-ven-ha-noi-van-tang-manh-tap-trung-doc-truc-vanh-dai-35-va-4-d222210.html