Hanoi focuses on implementing the Capital's Ring Road 4, real estate along both sides of the road benefits
While Tu Lien Bridge and Tran Hung Dao Bridge have not been constructed, Ring Road 4 is a project that the city has given special priority to implement in the current period. This is also the reason why real estate in the western area along this route is of interest to investors.
Parallel Road - Ring Road 4 is expected to be completed in the fourth quarter of 2025, 1 year ahead of schedule
Recently, regarding important transport infrastructure projects in Hanoi, the Hanoi Department of Transport said that Hanoi is focusing all its efforts on the Ring Road 4 - Capital Region project, so it has not yet determined the capital source for investing in Tu Lien Bridge at this time. Hanoi is simultaneously implementing many large projects such as the Me So, Hong Ha (on Ring Road 4), Van Phuc, Ngoc Hoi, Thuong Cat bridges, etc. Projects that complete investment preparation first will be implemented first to make effective use of capital sources.
A representative of the Hanoi Department of Transport also said that after Typhoon Yagi, Hanoi is focusing on handling a series of weak and temporary bridges. Therefore, other projects such as Tu Lien and Tran Hung Dao bridges have not yet completed their investment preparation stages, and the urgent construction of new bridges must have a carefully calculated roadmap because the project is using budget capital.
Thus, among the key traffic projects being implemented in Hanoi, Ring Road 4 is the project that the city has given special priority to implement in the current period, because this is a national key project, when completed it will reduce traffic congestion and create new development space for the capital as well as neighboring provinces and cities. With such a role, the construction at the project site is currently very urgent and carried out day and night according to the motto "overcoming the sun, overcoming the rain".
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| Route map of Ring Road 4, Hanoi Capital Region (Photo: Transport Design Corporation - JSC (TEDI)). |
It is known that the Ring Road 4 project - Hanoi Capital Region has a total length of 112.8 km, passing through 3 provinces and cities, including Hanoi (57.95 km), Hung Yen (19.31 km), Bac Ninh (36.26 km). In which, the parallel road section through Hanoi city has a length of about 57 km, located in the districts: Thuong Tin, Thanh Oai, Ha Dong, Hoai Duc, Dan Phuong, Me Linh, Soc Son gradually taking shape.
After nearly a year of urgent construction, the parallel road project has now reached 30% of its output, most of the project is under construction, the road surface, many sections have been paved with asphalt concrete for completion. From this construction output, the investor said that the project is expected to be completed in the fourth quarter of 2025, 1 year ahead of schedule.
Real estate along Ring Road 4 increases in price
Along with the urgent progress of the Ring Road 4, the real estate market in the West of the capital along Ring Road 4 has also become bustling. In the past few months, real estate in areas of Hoai Duc district such as An Khanh, Song Phuong, Duc Thuong, Duong Lieu, Tien Yen... have all recorded an increase, in some places up to tens of millions per square meter.
In particular, real estate in Thuong Tin district is also attracting buyers' attention. Thuong Tin district, which was originally an area less affected by the land fever in the 2021-2022 period, is now bustling with a series of positive infrastructure information from Ring Road 4 to the planning of the second airport and the Southern city plan, which 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.
According to this broker, low-rise housing products are receiving strong interest in the secondary market. For example, residential land around the central area of Thuong Tin town has increased in price by about 10-30% compared to a year ago. Low-rise urban projects such as Him Lam Thuong Tin have also recorded a price increase of about 20% compared to the opening price. It is known that the Him Lam Thuong Tin shophouses have been roughly completed and are ready to hand over red books to customers.
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| Him Lam Thuong Tin is one of the projects that benefits greatly from Ring Road 4 (Photo: Truong Son Land). |
It can be seen that the acceleration of the implementation of Ring Road 4 projects has immediately affected the real estate market in the areas where the road passes through. According to Mr. Nguyen The Diep, Vice President of the Hanoi Real Estate Club, many real estate projects have begun to be planned around the Ring Road 4 area. When the projects are accelerated, real estate prices will increase, and areas with beautiful locations will become "hot spots".
According to experts, the investment in the construction of Ring Road 4 will help expand urban space and disperse the inner city population, so the prospect of real estate growth around this area is very large. Therefore, Hanoi needs to soon have a specific plan and strictly manage the land fund around the road. In the next 2-3 years, when Ring Road 4 is completed, real estate prices in these areas will continue to increase and stabilize.
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