(Dan Tri) - Hang Dao Ward (Hoan Kiem District, Hanoi) has the smallest area in Vietnam, but due to its prime location in the capital, the selling price is sky-high, up to 1.8 billion VND/m2.
Hang Dao Ward in Hoan Kiem District (Hanoi) has an area of 0.07km2, the smallest ward in Vietnam. Hang Dao Ward includes streets such as Hang Dao, Hang Ngang, Hang Duong and part of Hang Ca, Hang Can, Cha Ca streets...
Because it is located in the most prime location of the capital, business activities in this ward are always bustling day and night. The price of real estate for sale is therefore always at a very high level, even up to billions of VND/m2.
According to a survey by Dan Tri reporters, Hang Dao Street has many houses for sale at prices ranging from 800 million VND to 1 billion VND/m2, with some houses even priced at more than 1.8 billion VND/m2.
For example, a house on this street with an area of 30 square meters is being offered for sale at a price of 55 billion VND, equivalent to 1.83 billion VND/square meter. According to the seller, the house has a 3 meter frontage, is built on 2 floors, of which the first floor is for business rental and the second floor is for bedrooms. The house is being rented out for business purposes.
Also on Hang Dao Street, a 140m2 house with 3 floors is for sale for 130 billion VND, equivalent to 928 million VND/m2. According to the introduction, the first floor of the house is rented for business, the second and third floors are used as bedrooms.
On Hang Ngang Street, townhouses are being offered for sale at prices ranging from over VND700 million/m2 to over VND1 billion/m2. For example, a house on this street with an area of 93m2, built with 5 floors, is being offered for sale at VND120 billion, equivalent to VND1.29 billion/m2.
According to the seller, the house is located right at the intersection of Hang Dao and Hang Bac streets. From the house to Hoan Kiem Lake and Dong Kinh Nghia Thuc Square is less than 100m.
A house on this street with an area of 185m2 has been built with 3 floors and is being offered for sale at 190 billion VND, equivalent to more than 1 billion VND/m2.
Some houses in Hang Dao ward are for sale (screenshot).
On Hang Duong Street, townhouses are being offered for sale from 670 million VND to nearly 1 billion VND/m2. A 70m2 house on this street, built over 4 floors, is being offered for sale at 46.9 billion VND, equivalent to 670 million VND/m2.
In addition, on Hang Ca, Hang Can, Cha Ca streets... in Hang Dao ward, many houses are being advertised for sale with common prices ranging from 800 million VND/m2 to 900 million VND/m2.
The rental price of townhouses in Hang Dao ward ranges from 50 million VND/month to 130 million VND/month, depending on the area and location of the house.
According to Mr. Hoang Tuan - a real estate broker in Hanoi, real estate in the Old Quarter in general and Hang Dao Ward in particular are mostly purchased by investors to build hotels, homestays or rent for business. Real estate in the Old Quarter is extremely limited and has strong cultural and historical characteristics, so the selling and renting prices are both high.
He also revealed that because the price of houses in the old town is high, it is very difficult to close a deal. Many houses are on sale for half a year before finding a buyer. "The price of houses in the old town was already high before, so in the past year or so, the price has not fluctuated much, increasing by about 3-5%," he said.
Some houses in Hang Dao ward are being sold for up to more than 1 billion VND/m2 (Photo: Duong Tam).
Mr. Nguyen The Diep - Permanent Vice President of Hanoi Real Estate Club - said that the price of townhouses in Hanoi is high due to limited supply. Meanwhile, the investment demand of people is increasing. However, buyers need to learn carefully before paying. Because, the closing price of the transaction may be much lower than the selling price given by the homeowner.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (VARS) said that townhouses priced from tens to hundreds of billions of dong are often picky about customers. The number of transactions is not much, but the demand for owning a townhouse is always present. At the same time, the economy is facing difficulties, so liquidity is also affected.
"People who buy townhouses often want to occupy rare and prime locations. The rental yield of townhouses in Hanoi is currently only equal to the interest rate of bank savings. Townhouse prices have increased in the previous period, so this segment is not fluctuating much," he said.
Source: https://dantri.com.vn/bat-dong-san/phuong-nho-nhat-viet-nam-co-gia-rao-ban-nha-dat-len-toi-18-ty-dongm2-20241122155210699.htm
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