Property investors landing in Ha Dong area
There is currently a trend for the second wave of investment pouring into Ha Dong and West areas of Hanoi by giant real estate developers.
The wave of investment are accruing to the West of Hanoi and expanding intensely down to Ha Dong area. Some projects which used to be frozen has been back to the race, new projects are continuously launched in the market, and in that context, and experienced investors begins returning to this used-to-be hot market.
Ha Dong used to be a city before its merger and became a district of Hanoi and Ha Dong used to be the focal point of real estate investor. Hundreds of apartments, villas and adjacent projects were constructed in this largest district of the capital, and selling prices also rise sharply before the property market falls into depression several years ago.
The new wave of investment
Recently, Vietnam real estate market has not only recovered but also increased dramatically. Real estate investment is booming, however the most favored area is West of Hanoi, with many projects being or going to be constructed by big developers including Vingroup, Bitexco, TNR Holdings.
In this investment wave, Ha Dong once again attracts attention of real estate investors. Several successful developers as CapitaLand, Hai Phat, Muong Thanh constantly acquire and implement new projects.
In particular, the developer CapitaLand is now constructing Season Avenue right next to Mulberry Lanes. After the construction of The Pride is completed, Hai Phat bought and rebuilt the 50-storeys building of Usilk City, simultaneously, spent VND536 billion to purchase 7,200 m2 in Van Phuc village with the goal of developing commercial townhouses.
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ParkCity Hanoi is promising to become a spotlight of investment in Ha Dong province |
With its vision of Ha Dong turning into a bustling township in Hanoi, Perdana ParkCity Group has firmly hold on its position and continued to expand its investment. This is one of the pioneering foreign investors into Ha Dong with the 77ha ParkCity Hanoi township project strategically located at the conjunction of Le Trong Tan and To Huu roads.
At beginning 2015, ParkCity Hanoi inaugurated its first development phase with 177 villas and townhouses in Nadyne Gardens, the main boulevard and sewage treatment plant completed. Thanks to its unique parkhome concept, 177 parkhomes of Nadyne Gardens were quickly sold out and the difference climbed up to over 3 billion dong/unit at times.
Right from the opening sale, caused a fever on real estate market with odds of houses in Nadyne Residence. ParkCity has purification station despite of the price diffrence of VND3 billion.
The next minor dwellings is followed by Evelyne Gardens with 165 adjoining villas, is situated on an area of 4,7ha. These villas and townhouses are conducted on the foundation construction at very fast speed and ParkCity Hanoi achieved a very high sales rate of 75% just after a short time from the launching date.
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A raising demand from investors
Together with the perfection of the system of transport infrastructure from Ha Dong goes into the urban district of Hanoi through To Huu-Le Van Luong and Quang Trung-Tran Phu-Nguyen Trai, Ha Dong is located near the center with synchronized infrastructure is becoming the new living place for the rich.
Besides, the social infrastructure systems such as commercial centers, supermarkets, high quality school ... are getting upgraded perfectly, which are factors that stimulate customers to choose to buy apartments in Mulberry Lanes, Avevue Season, The Pride or Parkview Residences.
The glory has passed on construction of monumental villas of the wealthy will pour money. Apparently, people who have money still favors the mainland turks than apartments, they choose ParkCity Hanoi.
Investors also started to look upon a place where the nature syncs the elegance but also comfort and safety or more than that, a property to invest on. Accordingly, real estate in Ha Dong is becoming valuable.
Look at how the neighborhood have increased in the past few years will ensure beliefs. Previously, selling prices in Trung Hoa – Nhan Chinh were little compare to the current with the price has up to 200-250 million VND/m2. Van Phuc area was only 30-40 million/m2 a few years ago, now increase to 74.6 million VND/m2.
Accordingly, the next minor dwellings is followed by Evelyne Gardens with 165 adjoining villas, is expected to robust the market and get attention from investors. Currently, investors are offered for sale at the price of more than 10 billion/adjacent apartment, around 35 million VND/m2 of construction, but the price will be increased soon, because the concept is unique.
ParkCity Hanoi also invested in the ParkCity Hanoi Community Club‘s utility will be opened in 2017 and the complex the ParkCity Hanoi Town Center, ParkCity Hanoi is creating values that investors cannot ignore.
Most important fact that many investors still do not know that there are limited supply for landed housing in ParkCity Hanoi. After Evelyne Gardens, we will only be another 100 to 150 units to be developed under Phase 3.
Thus value for landed housing in ParkCity Hanoi will surely appreciate as the infrastructure continues to mature. It is also highly visible that the vicinity where ParkCity Hanoi is located is developing very quickly and, it would not be surprisingly for the real estate value in this area to double or even triple over the foreseeable future.
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Indoor swimming pool of the ParkCity Hanoi Community Club will go into operations in 2017 |