Real estate market awaits "blockbuster" Vinhomes Global Gate
Information about the Vinhomes Global Gate project (official name of the Vinhomes Co Loa project, Dong Anh, Hanoi) is stirring up real estate forums, motivating investors and customers to be ready to join the "super blockbuster" project.
The market is “holding its breath” waiting for the “blockbuster” in the Northeast of the capital.
Right after the National Day holiday, the real estate market heated up strongly with the news that the "blockbuster" Vinhomes Global Gate was about to be officially launched. On many forums, leaked images showed that the project's launch event was held by the investor on September 6 at VinUni University.
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| Vinhomes Global Gate is preparing for its official launch. |
Mr. Bui Thanh Liem, a real estate consultant in Hanoi, said that this is the most anticipated project of 2024, not only in the capital but also in the whole market. Therefore, it is not difficult to explain why the closer to "G hour", the more exciting the atmosphere becomes.
“For the past few months, we have been continuously receiving calls from customers and investors interested in the project. The interest skyrocketed after Vingroup started construction of the National Exhibition Center on August 30. Many investors said they had prepared their cash flow for a long time, like loaded bullets, just waiting for the command to go into battle. My company has also recruited more than 20 employees to prepare for the biggest campaign in many years,” Mr. Liem revealed.
The time when Vinhomes Global Gate is expected to launch is also the most exciting period of the year for the real estate market. According to data from Batdongsan.com.vn, in the first 7 months of 2024, the level of interest in real estate and the number of listings increased by 26% and 6% respectively compared to the same period in 2023.
Based on the strong recovery of “demand”, the Vietnam Real Estate Brokers Association forecasts that the number of transactions in the last months of the year will increase by about 20%. The successful closing rate will be promoted by both customers looking for a classy place to live and investors with available cash flow looking for a potential destination. Both groups are looking for large-scale projects of reputable investors - where there are abundant product baskets in quantity and outstanding profit prospects.
“In the second quarter, villa prices in Hanoi increased by 9%, shophouses increased by 3%. The rebound from now until the end of the year is expected to be even stronger, especially when the most anticipated product basket, Vinhomes Global Gate, is officially launched,” Mr. Hoang Van Phat, a long-time investor, analyzed.
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| Investors are turning to large projects of reputable investors. |
Decoding the "detonator" of Vinhomes Global Gate
With all the rare factors of favorable time, favorable location, and favorable people, Vinhomes Global Gate is the factor that creates "big waves" for the Hanoi market in particular and the North in general.
According to analysts, the main factor is the project's launch at the right time, a golden moment that has only happened once in many years. First of all, the trio of new policies including the Land Law, the Real Estate Business Law and the Housing Law have begun to permeate reality, guiding the market into a healthy and sustainable development trajectory. In particular, with the new regulations, projects with abundant land funds and complete legal documents are considered rare.
The timing factor also comes from the fact that the time Vinhomes Global Gate is about to launch coincides with the milestone of a series of key planning projects coming into implementation or in the final stages. That is the roadmap to turn Dong Anh into a district and further to become the core of an urban area following the model of a “city within a city”.
Promoting this process, the Tu Lien bridge worth tens of thousands of billions is expected to start construction in 2024, connecting Dong Anh with Tay Ho and the entire historic inner city area. After being officially opened to traffic, Tu Lien bridge will help shorten the distance from the project to the center of Hanoi to only 5 minutes. In addition, Ring Road 4 is being implemented; 14.9 km of Ring Road 3 through Dong Anh will also start construction next year...
Along with favorable conditions, Vinhomes Global Gate has caught the eye of investors because of its rare geographical advantage when the project is located in an area with the most complete and modern traffic infrastructure in the capital. These are bridges spanning the Red River and Duong River such as Nhat Tan, Thang Long, Dong Tru and a dense network of roads, such as the Thang Long - Noi Bai Expressway (Vo Van Kiet Street), Nhat Tan - Noi Bai (Vo Nguyen Giap Street), Hanoi - Thai Nguyen (National Highway 3), extended National Highway 5 including Truong Sa and Hoang Sa Streets, Highway 23B, Highway 23A... The project is also adjacent to the future metro line connecting Dong Anh with other locations throughout the city. In particular, with only 15 minutes to reach the international gateway - Noi Bai Airport, Vinhomes Global Gate has the ability to super-connect to everywhere and this is always a sustainable "lever" for the long-term increase in real estate prices.
Vinhomes Global Gate is also a “diamond land” that gathers cash flow, sought after by investors to develop business and commercial expansion projects. Because in the heart of this metropolis, there will be the presence of the National Exhibition and Fair Center, which has just started construction. The 90-hectare project – in the top 10 in the world, including a 5-star international hotel and office area, will be the venue for regional and international events, gathering businesses and tourists from all over the world, laying the foundation for a billion-dollar “EXPO economy”, and opening up thousands of opportunities to develop a series of key economic sectors.
Possessing a series of rare and hard-to-find advantages, and located in the land of feng shui for thousands of years - Co Loa, it is not difficult to explain why Vinhomes Global Gate has made the market boil even before its launch. The factors of favorable time and location will create harmony - the belief and motivation to encourage investors and customers to increase their investment and seize the golden opportunity as soon as the project is officially launched.
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