The Van Cao - Hoa Lac urban railway line No. 5 is more than 38km long, with an investment capital of VND65,404 billion and is expected to start construction this year.
This is one of the most positive information towards the real estate market in the West of Hanoi. In particular, in some suburban areas such as Hoai Duc, Thach That, Quoc Oai districts...
PV's research shows that many brokers have begun to include this information to introduce to customers.
Posing as a person who wants to learn about land in the Thach That and Quoc Oai markets, the reporter contacted a real estate broker (phone number 09 13.511.xxx) for advice.
This broker opened the story with the information that Hanoi is about to start construction of urban railway line 5 Van Cao - Hoa Lac, which will have many conveniences in infrastructure, helping to connect from the city center to the suburbs.
"Although the work is in the inner city, when there is this railway line, it is possible to be far from the center but still go back and forth easily and conveniently in the morning" - this broker continued.
According to this broker, after the information about the construction of the railway line, brokerage offices in the Thach That area had many investors come to ask for advice. There are even many small plots of land at reasonable prices that have been deposited by someone.
"Since the information about starting the construction of the railway line, real estate owners have offered other higher prices. Brokers selling prices also have to be pushed higher, the broker added.
According to the reporter's research, land prices in some communes of Thach That district such as Tan Xa, Binh Yen, Tien Xuan have increased compared to the end of 2024.
Typically, a 65m2 plot of land in Tan Xa at the end of 2024 was advertised by a broker for 26 million VND/m2. Meanwhile, up to now, the broker has advertised up 28.5 million VND/m2.
Similarly, in Hoa Thach commune, Quoc Oai district, plots of land with an area of about 60-100m2 are being advertised by brokers for 26-30 million VND/m2 depending on the location. Meanwhile, the general price in 2024 is about 20-25 million VND/m2 depending on the location.
Sharing with Lao Dong about this issue, Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - said that speculators always hunt for information on infrastructure project planning to be one step ahead, buying up land and other real estate located in or near the infrastructure planned area to enjoy the price difference after having infrastructure.
According to Mr. Diep, in case the infrastructure planning is implemented on schedule, investors can benefit from the difference in real estate value at the time of purchase compared to the time of sale or can create cash flow from that real estate thanks to effective business and commercial activities after the infrastructure is completed.
However, according to Mr. Diep, it is risky to buy real estate at high prices during land fever according to infrastructure planning. Therefore, people as well as investors who view and buy land when there is planning information must also consider carefully.
Urban railway line No. 5 (Van Cao - Ngoc Khanh - Lang - Hoa Lac) is an important national project decided by the National Assembly and invested by the Prime Minister.
Metro No. 5 is designed according to the standards of a 1,435mm double track, over 38km long, of which 6.5km is underground, 2km is elevated and nearly 30km is on the ground. The project has a total investment of 65,404 billion VND, using Hanoi City budget capital.
Van Cao - Hoa Lac Metro passes through Ba Dinh, Dong Da, Cau Giay, Nam Tu Liem districts and Hoai Duc, Quoc Oai, Thach That districts. Part of the route runs along the high-residential center, the remaining section passes through developing urban areas, especially the satellite city of Hoa Lac.
