Commercial apartments lead the market
Sharing at the workshop "Hanoi apartment market: What is the sustainable living and investment choice?", experts agreed that the South of Hanoi will be a new bright spot in the Hanoi market.
The basis for this assessment is the rapid completion and synchronization of the planning of the area. Mr. Bui Van Doanh, Director of the Vietnam Real Estate Research Institute, acknowledged at the Workshop that the southern area of Hanoi possesses many advantages in terms of location, facilities and infrastructure, both existing and potential.
Regarding technical infrastructure, especially traffic infrastructure, this area ensures quite convenient connection with the inner city, neighboring areas through Ring Road 3 and especially the direction of movement to the southern provinces through the Phap Van - Cau Gie expressway. The area also has a series of key road projects that have been and are being implemented such as: Ring Road 2.5; the route connecting Giai Phong with Truong Dinh via Giap Bat bus station; the southern axis road of Hanoi with an investment of 7,500 billion VND; Ring Road 4 project; Ring Road 3.5...
“Once the above routes are completed with synchronous connections through the radial axis and other spider web routes, it will create attraction for the real estate market in this area. In particular, Ring Road 4, Ring Road 2.5, Ring Road 3.5 will disperse traffic flows, reduce the load on the existing traffic system, overcome congestion, and create smooth movement from Linh Dam in all directions," said Mr. Bui Van Doanh.
Leading infrastructure will boost real estate demand in the Southern region, especially the commercial apartment segment. Areas such as Hoang Mai and Thanh Tri are expected to lead the market with average prices ranging from 60-70 million VND/m2 due to scarce supply in the context of increasing demand for housing and investment. Experts even predict that real estate prices in the Southern region will soon "catch up" with the Western and Eastern regions, becoming a bright spot attracting investors in the near future.
Hanoi Melody Residences is the most attractive in the South of Hanoi
In the rapid development of the area, experts say that the South of Hanoi is currently in great need of apartment projects, especially all-in-one housing projects that are well-planned and of sufficient scale. Reality shows that the shortage of primary commercial apartment supply is becoming extremely urgent in the South of Hanoi. With completed apartment projects, many projects have not ensured synchronous technical infrastructure and social infrastructure systems. This is clearly shown through the lack of basement parking, overloaded elevators... This is the reason why All-in-one commercial apartments are the most promising segment in this area.
Giving an assessment of the product, Ms. Nguyen Minh Chi, Deputy General Director of Phu Tai Land, said that currently the market does not have much supply. In the Hoang Mai district area adjacent to Thanh Xuan, for high-rise products, Hanoi Melody Residences is the only project currently being implemented that meets all-in-one criteria.
At Hanoi Melody Residences, the project has an internal kindergarten of nearly 3,000 square meters, a children's park, a resort-style swimming pool of nearly 1,000 square meters, 3 smart basement parking floors, a multi-purpose sports area, a shophouse base... fully meeting the residential needs of families.
One of the indispensable criteria of the All-in-one project is the location that is easy to connect and convenient to move. Hanoi Melody Residences is located in the center of Southwest Linh Dam (Hoang Liet ward, Hoang Mai). From here, future residents of the project can conveniently enjoy the city's key commercial - educational - medical facilities. These include major hospitals such as Bach Mai, Central Ear, Nose and Throat, Vietnam - France, Geriatrics, Central Tropical Hospital...; universities such as Bach Khoa, Hanoi Medical University, Economics, Construction, Thang Long University...
The project also benefits from the surrounding public green areas with about 300 hectares of green space, river and lake surfaces, to become a livable project for a sustainable generation of residents. Compared to the amenities and projects in the area, the project's selling price is considered reasonable, from 62 million VND/m2.
In fact, the apartment segment that ensures "all-in-one" criteria is contributing to the attractiveness of the real estate market in the South of Hanoi as demand increases and the standards for choosing projects for living and investing in this area are increasingly improved.
