The new Metro railway network in Hanoi has garnered significant attention from both local Vietnamese citizens and foreign property investors in 2018 and 2019. With Hanoi suffering from severe traffic congestion, the elevated Metro railway system offers hope for a more efficient transportation system. While the construction of Line 1, Cat Linh – Ha Dong, took nearly a decade, Line 2 has shown promising progress with the South Korean contractor completing construction at five times the pace. For foreign investors, the new Metro network presents a profitable opportunity for investment.
Overall, the Metro Network System plays a vital role in contributing to the economic development of the region and improving the urban environment by reducing traffic congestion and pollution.
Hanoi Metro Network Information
Hanoi Metro, also known as the Hanoi Urban Railway, is the first-ever urban railway system in Vietnam, serving the city of Hanoi. The system comprises eight urban railway lines spanning approximately 318 kilometers, as well as three single-track train lines. Its implementation marks a significant milestone in Vietnam’s transportation infrastructure.
The first two railway lines constructed for Hanoi Metro were Line 2A (Cat Linh – Ha Dong) and Line 3 (Nhon-Hanoi Station). Despite experiencing eight adjustments and schedule delays, Line 2A has yet to announce its official commercial operation date as of September 2019. On the other hand, the Nhon – Hanoi Station section of Line 3 is anticipated to be fully operational by the end of 2022.
Total lines of Hanoi Metro Network
- Line 1: Ngoc Hoi – Yen Vien – Nhu Quynh (38.7 Km);
- Line 2: Noi Bai – City Center – Thuong Dinh (35.2 Km) backbone & in connection with Line 2A;
- Line 3: Nhon – Hanoi Station – Hoang Mai (21 Km). After 2020, this line will be expanded to Son Tay with total estimated length of 48 km;
- Line 4: Dong Anh – Sai Dong – Vinh Tuy/Hoang Mai – Thanh Xuan – Tu Liem – Thuong Cat – Me Linh. This line is approximately 53.1 km, rounded form, in connection with Line 1, Line 2, Line 3 and Line 5.
- Line 5: Nam Ho Tay – Ngoc Khanh – Lang – Hoa Lac (34.5 Km)
- Line 6: Noi Bai – Western Ngoc Hoi, in connection with Line 4 in Co Nhue and Line 7 in Duong Noi (43 Km)
- Line 7: Me Linh – Western new urban area of Nhoi – Van Canh – Duong Noi, in connection with Line 4 in Dai Mach and Tay Tuu and Line 6 in Duong Noi section (35 Km)
- Line 8: Co Nhue – Ring Road 3 – Linh Nam – Bat Trang – Duong Xa (28 Km)
Capacity of Hanoi metro line 2A: Cat Linh – Ha Dong
- Operation time: 5h – 23h
- Transport Capacity: 960 persons/train
- Frequency: 8 trains/hour
- Maximum Speed: 80km/hour
- Stop time: 35s
Impact on Hanoi Real Estate Market
The implementation of the new Metro Network System is expected to be a significant catalyst for Hanoi’s real estate market. The first projects to benefit from the railway are the ones located on Nguyen Trai and Cau Giay streets, which are considered the backbone of the entire metro line that Hanoi residents have been anticipating for a long time.
According to the global real estate market experience in countries like China, Thailand, and the Philippines, each new metro line leads to the development of a series of satellite utilities, improving the overall quality of life and transportation convenience in the region. Property demand in areas surrounding metro lines also increases by approximately 25% compared to pre-operational times, driving real estate prices in those areas and bringing significant profits to property investors.
However, the concept of a metro system is still relatively unfamiliar to Vietnamese people, causing domestic investors to exercise caution in choosing real estate projects located near the Cat Linh – Ha Dong and Cau Giay elevated railways. Foreign customers, coming from countries that are accustomed to metros such as Japan and Korea, are the primary customers for these projects.
PROJECTS NEAR METRO RAILWAY LINES IN HANOI
Check out: apartment project near metro Hanoi.
