In the past decade, the real estate market in the west of Hanoi has constantly increased its attractiveness, setting new price levels. This place is predicted by many experts to continue to increase because many values are difficult to replace in the future.
The West of Hanoi includes the districts: Bac Tu Liem, Cau Giay, Dong Da, Ha Dong, Thanh Xuan, Nam Tu Liem. Further from the central core are Hoai Duc, Thach That, Quoc Oai, Chuong My. In the past more than a decade, this place has received strong investment capital from the government and real estate giants, reaching out to become a new development center comprehensively.
Development Focus
Under the pressure of population growth, Hanoi has expanded its administrative boundaries and gradually shifted its ministries and departments to the West, where it has a large land fund and occupies an important gateway position. After years of government efforts, the West has suddenly become a new administrative-economic center
In particular, the area of Cau Giay - Nam Tu Liem district has reaped the rewards with the completion of infrastructure planning, focusing many important agencies and departments such as: National Convention Center, Ministry of Home Affairs, Ministry of Natural Resources and Environment, Ministry of Public Security, Supreme People's Procuracy, etc The General Department of Customs... Thousands of large and small enterprises at home and abroad such as FPT, VNPT, Viettel, Mobifone, and CMC also focused on this area, leading to a wave of population relocation and an increase in the number of offices.
According to Savills, the Western region (including Cau Giay, Bac Tu Liem and Nam Tu Liem districts) provides the largest office floor area for lease with a market share of 41% in the first quarter of 2024. A senior expert of Savills Hanoi believe that: Cau Giay, Ba Dinh and Dong Da are still the areas with the highest concentration of office rental demand in Hanoi.
Beside, the infrastructure has also been meeting the needs of residents in the West with complete and modern roads. Some trillion routes can be mentioned as Thang Long Boulevard; National Highway 32; urban railway lines No. 2A, No. 3; Ring Road 3.5...
In which, the focus infrastructure project, which is receiving the most attention is metro line No. 3 (Nhon - Cau Giay - Hanoi Railway Station section). When putting into operation, this elevated railway line not only increases the connection for Cau Giay with the central core of Ba Dinh, but also promises to combine with metro line No. 2 to go directly to Noi Bai airport.
The green space and the air-conditioned lake system make the West the most livable place in Hanoi
The living environment in the West is also the best in the capital with a huge number of schools, hospitals, and entertainment centers, combined with green landscapes and air-conditioned lakes. For example, Cau Giay district, where many prestigious educational centers such as Hanoi National University, Hanoi University of Education, Hanoi – Amsterdam High School, in the past 10 years have invested in the construction of 14 schools with a total budget of 2,527 billion VND, invested in renovating, upgrading and expanding 6 schools with a total budget of 652 billion VND. In addition the green landscape system, air-conditioned lakes such as Cau Giay Park, Nghia Do Park, West Lake..., this place is a livable coordinate, difficult to replace in the future.
Approaching the trend of choosing real estate locations in the world
Broadly looking at the world, the West in general and the area between landscape lakes/parks in particular meet the real estate choice taste of the majority of urban residents, especially the upper class. Fully developed areas, adjacent to the CBD (Central Business District) of the city, with convenient regional connections and green landscapes are always prioritized because of the balance of urban amenities with the desire to settle close to nature. This has made the demand in this area constantly increase in recent years.
However, currently the land fund in the most attractive area in the West such as Cau Giay has run out, which means that existing projects are more interested and have the potential to increase value in the future. The market has recently turned its attention to the Hanoi Signature project, located on Nguyen Van Huyen Boulevard, opposite Nghia Do Park. From the project, residents can easily connect to the old administrative center area, and at the same time move quickly along Pham Van Dong and Vo Chi Cong streets to go directly to Noi Bai airport and surrounding areas.
Hanoi Signature project owns a wide view of 360 degrees of upper-class standards
The existing transport infrastructure and utilities around the project ensure residents a comfortable, luxurious and close life to nature. Within a radius of 5km around the project are Thu Cuc Hospital, West Lake, Lotte Mall Tay Ho, Lotte Lieu Giai, RMIT University... Combined with a system of internal high-class facilities such as a royal style swimming pool, high-class restaurant, the wine tasting lounge, cigar bar..., Hanoi Signature establishes a new standard of living worthy of the upper class. In particular, owning an apartment here means owning a "artwork" that lasts with time. This luxury apartment complex pursues aesthetics and sophistication inspired by the magnificent Palace of Versailles. The entire exterior of the project is clad in granite with a unique stone hanging technique, inside is a marble-clad hall, a skylight and a luxurious gold-plated Otis elevator system.
Resonating with the attraction of the West of Hanoi, the attraction of Hanoi Signature promises to shake the elite, set a standard that exceeds the threshold of luxury living and gathers the elite community in the coming time.
According to the To Quoc