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Real Estate by West Lake Hanoi – A Race of Big Guns

Posted by Harry Nguyen on 10/24/2019
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Real Estate by West Lake Hanoi

With an area of over 500ha of water surface, fresh living environment, synchronous infrastructure, high potential for increasing prices, West Lake real estate is always sought after by many investors.

The advantage of the lakeside land is the refreshing atmosphere and the feng shui harmony. Therefore, in recent years, many real estate projects along rivers and lakes have attracted the attention of many national and international customers. Even though the price is even higher than the projects in the same segment.

In Hanoi, West Lake area is the place many real estate projects meet the requirements of space, vision and major amenities. In addition to the environmental and landscape values … the urbanization planning and policy of restricting the development of new projects in the inner city (in addition to the approved and ongoing projects) is one of the important factors. These policies and planning have led developers to hunt for properties along the West Lake to develop new projects, especially the high-end apartment segment.

“The high value of location, of the view of rivers and lakes is a criterion to help the real estate value increase by 10-20%,” an investor said. The housing market in the area is always vibrant and prices tend to go up.

Currently around the West Lake area, we can easily see the presence of a series of “Big Guns” such as Tan Hoang Minh, Sun Group, Daewoo Group E&C (Korea), Sunshine Group, Handico 7, Udic … creating modern, large-scale complexes with million-dollar views.

 

Tay Ho Residence on Important Main Road - Vo Chi Cong & near West Lake

Tay Ho Residence on Important Main Road – Vo Chi Cong & near West Lake

Tay Ho Residence Project is a prominent representative in the list. This project is located on an important main road connecting Hanoi city, Dong Anh district, a strongly developing district and Noi Bai airport. This on-going condominium project in Hanoi is also nestled in the new administrative center of Hanoi (learn more). Therefore, the potential for price increase of apartments in Tay Ho residence is higher than ever.

The Handico 7 developer has chosen a neoclassical style that is never out of fashion. This architecture is also the favourite of many wealthy people in Vietnam. Projects with the same design language such as Le Roi Soleil and Sunshine Riverside are becoming very hot items in the rental market.

In addition, there are many other projects around the West Lake and the Red River being opened for sale. For examples: Sunshine Riverside, Sunshine Golden River, Sunshine Crystal River and Udic Westlake.

 

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