According to the Hanoi People's Committee, from the end of 2025 to now, site clearance work has had many clear changes. Many prolonged backlog projects have been promoted, especially strategic infrastructure projects such as Ring Road 4 - Capital Region, Ring Road 1 Hoang Cau - Voi Phuc section, Ring Road 2.5; 3; 3.5 routes and a series of bridges over the Red River such as Tu Lien, Tran Hung Dao, Thuong Cat, Hong Ha and Ngoc Hoi.
The simultaneous deployment of a series of large projects shows that Hanoi is entering an infrastructure development cycle that is focused and clearly strategic.
According to the Vietnam Association of Realtors (VARS), the urban restructuring process is leading to clear changes in the development structure of the Hanoi real estate market. If previously, growth mainly relied on unipolar urban expansion and infrastructure expectations, the current cycle is gradually shifting to a development model based on infrastructure quality, urban operation efficiency and actual housing needs.
This trend is reflected in the fact that a series of large-scale urban areas are being deployed along new infrastructure corridors. The supply in the market is expected to be more diverse, from high-end and mid-range housing to 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 posed is not only to develop more housing, but also to reorganize living space, improve access to infrastructure and allocate population more reasonably.
In this new model, core central areas, lakeside areas or locations directly connected to the metro, financial centers and major commercial hubs are likely to focus on developing high-end products serving high-income residents, international experts and the urban elite.
Ring roads, metro lines, bridges over the Red River, inter-regional connecting roads and new logistics corridors are expected to strongly change the mobility in Hanoi's megacity. When infrastructure is upgraded synchronously, living in areas far from the center but still conveniently connected to workplaces, shopping centers, airports or service areas will gradually become a common state of a modern city.
This creates a premise for the process of population reduction and population 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 urban operating capacity, the ability to form an economic ecosystem and actual needs, instead of just relying on the expectation of price increases based on infrastructure as before.
The history of many major cities around the world shows that when urban reconstruction is linked to successful economic transformation, real estate prices often enter decades-long growth cycles.
In Seoul, the "Gangnam miracle" is considered a typical model of infrastructure-based urban development. From a southern bank of the Han River with many agricultural land, Gangnam has changed dramatically after the Hannam bridge, Gyeongbu highway and new transportation systems were built. Preceded infrastructure has dragged capital, population and economic activity south of Seoul. In just a few decades, Gangnam has risen to become the leading high-class financial, commercial and real estate center in Korea, likened to Seoul's "Beverly Hills".
International experience shows that large-scale urban restructuring cycles always open up new development opportunities, but at the same time also put a lot of pressure on resources, governance and quality of life. For Hanoi, the problem in the coming period is not only to develop faster, but also to develop controlledly, harmoniously between economic growth, land use efficiency, social security and improving urban living quality.
