Infrastructure gives wings to the real estate market in the West of the Capital

(Dan Tri) - The Capital's master plan was approved in December 2024, along with a series of large-scale transport infrastructure projects, contributing to making the West of Hanoi the current investment focus.

Pieces of the Capital's real estate market

On December 27, 2024, the Deputy Prime Minister signed Decision No. 1668/QD-TTg approving the adjustment of the Hanoi Capital Master Plan to 2045, with a vision to 2065. According to the plan, Hanoi will develop a multi-polar, multi-center urban structure with 5 urban areas. In particular, the western urban area will form a new city, connecting the inner city through the West Lake - Ba Vi axis.

The planning of the new city in the West has made the real estate market in the area, which is already bustling, even hotter. This is considered a piece of the capital's real estate market for many years thanks to the benefits of the planning of the new national political and administrative center in the West and the outstanding improvement of infrastructure.

Specifically, in recent years, the West has been given priority for investment with a modern and synchronous infrastructure system. Major traffic routes have been continuously put into operation, such as Thang Long Avenue, Road 32, Cat Linh - Ha Dong elevated railway, To Huu - Le Van Luong radial axis... helping to increase the connection of this area with the city center.

In addition, the 10-lane Tay Thang Long route is now about 80% complete. The last 2km connecting directly to the Vinhomes Wonder City project (Dan Phuong) is expected to be completed and open to traffic in 2025, helping to open connections to Tay Ho district and bustling development areas in Vo Chi Cong, Ngoai Giao Doan... in just 15 minutes of travel.

Tay Thang Long route plays an important role in connecting and developing the western area of ​​the capital (Photo: Investor).

The Ring Road 3.5 project (starting construction in the second quarter of 2023) has just received good news when the Hanoi City Civil Works Construction Investment Project Management Board said that it is striving to soon start construction of the southern section intersecting with Thang Long Avenue, in sync with the city's commencement of construction of Thuong Cat Bridge. As one of 10 bridges across the Red River to be built in the 2015-2030 period, Thuong Cat Bridge, when completed, will connect the entire Ring Road 3.5 route from the south to the north of the Red River.

Ring Road 4 has made great strides in construction and is expected to be operational from 2027. This is a key project through Hanoi, contributing to changing the face of the entire western region and connecting the North-South routes.

Not only is there a synchronous transportation system, the social infrastructure in the Western region is also developing with hundreds of schools, hospitals, cultural - sports centers, modern parks... Along with that, the shift of ministries and branches to the Western region has created a new capital for thousands of large and small domestic and foreign enterprises.

The attraction of Vinhomes Wonder City

According to data from Batdongsan.com.vn, from 2021 to present, the price increase rate of real estate in the West of Hanoi is higher than other areas by an average of 7% - 15% for the apartment segment and 5% - 10% for the low-rise segment. The report of the Vietnam Association of Realtors (VARS) also recorded that for many consecutive quarters, the West of the capital has dominated in terms of supply and transactions. Some areas are planned to become districts such as Dan Phuong and Hoai Duc, the market is heating up.

The low-rise segment along the Ring Road 3.5 and Ring Road 4 axes is of interest. By the end of 2024, the price of villas and townhouses in Hoai Duc, Dan Phuong, Ha Dong, in some places, increased by 30% - 50% compared to more than a year ago. There are low-rise projects reaching the threshold of 300 million VND/m2.

Ms. Nguyen Hoai An, Senior Director of CBRE Hanoi Branch, assessed that in the past 10-15 years, the real estate market in the West of the Capital has undergone a strong transformation. With attractive prices combined with an increasingly complete infrastructure system, this is an area with great potential for development and price increase in the next 3-5 years.

Sharing the same view, Ms. Do Thu Hang, Senior Director of Research and Consulting Department, Savills Hanoi, said that the Western region will still be the focus of development in the coming time.

"The scarcity of supply has caused the price of villas and townhouses to increase. The market is showing signs of being much more vibrant than in the previous period. Many projects have achieved good liquidity due to attracting available demand from the market," said Ms. Hang.

At the beginning of 2025, many investors are interested in the Vinhomes brand when there are many signs that this investor's new project in Dan Phuong, Vinhomes Wonder City, is about to launch.

In its latest report, ACB Securities (ACBS) forecasts that Wonder City is one of four major projects that Vinhomes may open for sale this year. This coincides with the actual record when Vietcap Securities said that from the beginning of 2025, brokers began advertising this project. It is expected that the most interested branded goods basket in the West will be launched in the first half of 2025.

Vinhomes Wonder City urban area is located in 4 communes of Tan Hoi, Lien Trung, Tan Lap and Lien Ha, Dan Phuong district. The project has a construction area of ​​nearly 133.4 hectares, approved by the Hanoi People's Committee in June 2017. According to the plan, the project includes apartments, villas and townhouses.

Source: https://dantri.com.vn/bat-dong-san/ha-tang-chap-canh-thi-truong-bat-dong-san-phia-tay-thu-do-20250219221133027.htm