(CLO) Billion-dollar traffic infrastructure, large commercial and service projects, and planning of headquarters of ministries and agencies help Tay Ho real estate always be attractive and increase in price steadily over time.
According to the Planning in the Hanoi City Development Program to 2030 with a strategic vision to 2050, Tay Ho District is identified as a service and tourism center. In the past 5 years, Tay Ho has been one of the areas with synchronous infrastructure investment with a series of large projects, attracting billions of USD in investment capital.
Specifically, Tay Ho owns an impressive traffic system with arterial avenues of 8-10 lanes connecting directly to neighboring districts such as: Vo Chi Cong Street; Nguyen Van Huyen Street extension. Nguyen Hoang Ton Street is being expanded and Tay Thang Long Avenue running straight from Tay Ho - Ba Vi is also under construction. The 11.5 km long urban railway line No. 2 from Nam Thang Long to Tran Hung Dao in the future will help residents travel more conveniently.
Tay Ho also welcomes major plans for service infrastructure. Many international mega-projects such as the Samsung Group R&D Center have been operational since December 23, 2022. The Lotte Mall mega-project - a complex with an investment capital of up to 600 million USD has been inaugurated since September 22, 2023. The most modern Opera House in Vietnam is also about to be deployed.
And according to the plan by 2030, Tay Ho district will have 36 more headquarters of ministries, departments and branches, along with 13 embassies and non-governmental organization offices, creating a "new Tay Ho" - the most dynamic multinational administrative and economic center.
According to experts, infrastructure development is not only a lever to help the value of Tay Ho real estate grow steadily but also leads to the emergence of many large-scale and classy real estate projects. According to a survey by Batdongsan.com, the Tay Ho Tay area (Hanoi) is always in the top areas of the market in terms of transactions. From 2021 to present, the price increase rate of apartments in this area is always higher than the average of 7-15%.
Ciputra Urban Area - The richest area in West West Lake.
In fact, projects in West Lake are gradually positioning themselves in the high-end, even super-luxury segment. Some projects are being completed such as Heritage West Lake, Starlake, Han Jadin, GIA by KITA, Noble, etc. In particular, West Lake is a gathering place for large-scale real estate developers with high-end product lines that position their own brands for this area.
Real estate brokerage companies say that despite high prices, real estate transactions in West Lake are always stable. However, there is not much land left in the West Lake area. Currently, the number of projects on the market is quite scarce. Actual surveys show that at the end of 2024, there are only 164 luxury villas in the GIA by KITA project developed by KITA Group preparing to be on the market.
GIA22 Subdivision - GIA by KITA - Luxury villa complex located in the core of Ciputra urban area.
The project has a scale of more than 22 hectares, including more than 400 luxury villas and a complex of 14 super luxury apartment, commercial and service buildings with 100+ 5-star standard utilities. Inheriting the international utility complex in the core of Ciputra and next to the 65-hectare super green park, GIA by KITA brings a superior, perfect living space for the upper class.
The appearance of GIA by KITA at the end of 2024 brings a strong breakthrough to Tay Ho real estate, both quenching the thirst for supply and bringing super luxury real estate products to the market.
GIA22 Subdivision - GIA by KITA - Masterpiece of architectural art.
Evaluating the Tay Ho area, Ms. Trinh Huynh Mai - Deputy Director of Savills Hanoi Commercial Leasing Department said: "There are few areas in the Hanoi market that have a view of West Lake and are located on major roads with easy access to districts like Tay Ho. From this area, residents can easily access key areas such as the capital center, Noi Bai airport, My Dinh new center, ... even the future northern city".
Sharing the same view with Ms. Mai, experts also said that Tay Ho has the lowest construction density among the gateways in Hanoi. Located right next to the Red River, the landscape infrastructure as well as the utility ecosystem in this area have developed remarkably. Tay Ho real estate prices are predicted to continue to rise in the coming time, especially projects that integrate high-class service utilities and the participation of international operators will continue to be the destination of a prosperous community of residents and attract the attention of sustainable investors.
PV
Source: https://www.congluan.vn/khu-vuc-so-huu-muc-gia-bat-dong-san-cao-bac-nhat-ha-noi-duoc-du-bao-se-con-tiep-tuc-tang-gia-post328348.html
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