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Hanoi real estate market booming supply anticipated

(Update: 1/1/2018 9:42:04 PM)

Vinhomes Metropolis, a project by developer Vingroup – may be one of the hottest projects in terms of position as well as selling price in the Hanoi real estate market at this time.

 Hanoi real estate market booming supply anticipated

 

Vinhomes Metropolis, a project by developer Vingroup

– Vietnam’s largest property developer

– may be one of the hottest projects in terms of position as well as selling price in the Hanoi real estate market at this time. 

The project, located at 29 Lieu Giai Street in Hanoi’s Ba Dinh district, is designed to consist of three high-end apartment buildings and two office towers. Vinhomes Metropolis will encompass four kinds of apartments, from one to four bedrooms with areas ranging from 54sq.m to 150sq.m.  Though the selling price has yet to be publicly announced, Hanoi’s real estate circle forecasts a Vinhomes Metropolis apartment may fetch upwards of VND75 million ($3,400) per square metre.  Earlier, Vingroup’s Vinhomes Thang Long project came into the market late last month.  This well-placed villa complex is only 5km from the national convention centre. The project covers a total 24ha and consists of nearly 800 villas, semi-detached houses and shophouses.  The project’s highlight is its 10ha compensating water reservoir. With prices from VND7 billion ($319,500) per villa, Vinhomes Thang Long in Hanoi is enjoying positive feedback from the market.  Apart from Vingroup projects, several other upscale developments are anticipated to launch this month in the capital city.  Star Tower is a project by property developer FLC Group in the heart of Hanoi’s Ha Dong district.  FLC Star Tower, covering more than 3,000sq.m of space, consists of 41 floors encompassing apartment and office sections and a trade centre.  Another project located in Ha Dong district which will

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