(Dan Tri) - Completed traffic infrastructure, large commercial and service projects, and planning of ministerial headquarters help Tay Ho real estate become attractive and have the prospect of increasing in price 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 - 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 8-10 lane arterial avenues 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 directly from Tay Ho - Ba Vi is also under construction. The 11.5km 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 Samsung Group's R&D Center will be operational from December 23, 2022; Lotte Mall - a complex with an investment capital of up to 600 million USD will open from September 22, 2023; the most modern Opera House in Vietnam is also about to be deployed.
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 Tay Ho real estate value grow steadily but also leads to the appearance of many large-scale and classy real estate projects.
According to a survey by Batdongsan.com.vn, the West Lake area (Hanoi) is always in the top areas of the market in terms of transactions. From 2021 to now, 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.
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… 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 brought to the market is quite scarce.
Actual survey shows that by the end of 2024, there will be only 164 luxury villas in the GIA by KITA project developed by KITA Group preparing to be launched on the market.
GIA22 Subdivision - GIA by KITA - Luxury villa complex located in the core of Ciputra urban area.
The project covers an area of over 22 hectares, including over 400 luxury villas and a complex of 14 super-luxury apartment, commercial and service buildings, along with over 100 high-end amenities. Inheriting the international utility complex in the core of Ciputra and next to the 65-hectare super green park, GIA by KITA brings a living space of outstanding class to the elite.
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 break out in the coming time, especially projects that integrate high-class service utilities and the participation of international operators continue to be the destination of a prosperous community of residents and attract the attention of sustainable investors.
Source: https://dantri.com.vn/bat-dong-san/suc-hut-cua-thi-truong-bat-dong-san-tay-ho-20241230223345827.htm
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