Infrastructure creates new impetus for the satellite market
Hanoi is expanding its development potential thanks to the Capital Planning, infrastructure investment and institutional reform. The 9-polar growth model, 9-development corridor also creates more space for urban areas and housing.
Ms. Do Thi Thu Hang - Senior Director of Research and Consulting Department of Savills Hanoi - said that the 2026-2027 period is expected to record a clear impact from the completion of Ring Road 3.5 and Ring Road 4 along with many new bridges such as Tu Lien, Tran Hung Dao, Thuong Cat, Van Phuc, Ngoc Hoi, Me So, Hong Ha. By the 2028-2029 period, benefits from infrastructure will continue to spread to the growth poles in the West, Southwest and South.
Further, by 2030, when metro lines, Ring Road 5 and the development orientation of Hoa Lac High-Tech Park are realized, areas outside the city center are expected to attract more residents, jobs and economic activities. Key infrastructure projects also open up opportunities to access affordable housing in suburban areas and neighboring provinces.
According to Ms. Do Thi Thu Hang, the Hanoi housing market is seeing positive foundations for the next development cycle. When infrastructure is completed, the development land fund will be expanded accordingly, creating opportunities to form large-scale urban areas with more diverse product structures, instead of focusing mainly on core areas as before.
However, investors need to pay attention, only areas with clear infrastructure development activities, such as bridges that have been started, site clearance work takes place quickly and has a full legal basis, can assess the growth prospects of that area" - Ms. Do Thi Thu Hang said.
Real estate enters a new development cycle
According to the Vietnam Real Estate Market Assessment Research Institute, the urban restructuring process is leading to a clear change in the development structure of the Hanoi real estate market. If previously, market growth was mainly based on unipolar urban expansion and infrastructure expectations, the current cycle is shifting to a development model based on infrastructure quality, urban operation efficiency and actual housing needs.
This is reflected in the fact that a series of large-scale urban areas are being deployed along new infrastructure corridors. Market supply is expected to be more diverse, including high-end, mid-range housing, affordable commercial housing, social housing and rental housing.
Notably, social housing, including rental housing, is gradually becoming an important pillar in Hanoi's social security policy and urban development strategy. When the city moves to a multi-center model, the problem is no longer just developing more housing, but reorganizing living space, infrastructure access and more reasonable population distribution.
The difference of the new development cycle lies in the fact that: although the geographical distance may be further, the time and accessibility gap are being significantly shortened thanks to the new infrastructure system.
Ring roads, metro lines, bridges over the Red River, inter-regional connecting roads and new logistics corridors will completely change travel in the Hanoi megacity.
This creates a premise for the process of population reduction and redistribution in a more sustainable direction, instead of continuing to focus excessively on the inner city core area. More importantly, real estate value in the new cycle is expected to grow more based on the operating capacity of the city, the ability to form an economic ecosystem and real needs, instead of just relying on the expectation of infrastructure price increases as in previous periods.
