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West Lake Hanoi Real Estate: The Competition Among Big Players

Posted by Harry Nguyen on 10/24/2019
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Tay Ho – the new business center of Hanoi

Tay Ho Westlake district is on the verge of becoming the new business center of Hanoi, with a number of large-scale projects planned in the near future. Among these, the Lotte Mall project stands out as a game-changer, as it is set to be the most luxurious complex in Vietnam. Covering a vast area of 7.3 hectares, the Lotte Mall project will feature a range of facilities including serviced apartments, commercial center, cinema, hotel, office, and aquarium. Located at the intersection of two arterial roads, Vo Chi Cong Street and Lac Long Quan Street, which connect the city center with Noi Bai International Airport, the Lotte Mall project is expected to attract a huge number of visitors and transform the district into a bustling hub of commerce and entertainment.

lotte mall tay ho

Lotte Mall Tay Ho – new symbol of Hanoi new center

Advantages of a beautiful district

With an area of over 500 hectares of water surface, the West Lake area offers a fresh living environment and feng shui harmony, making it a sought-after location for many national and international customers. The high value of location and views of the rivers and lakes in the area has been noted as a criterion to help real estate value increase by 10-20%. The urbanization planning and policies that restrict development in the inner city have made the West Lake area a prime location for developers. Currently, the presence of big names such as CapitaLand, Tan Hoang Minh, Sun Group, Daewoo Group E&C, Sunshine Group, Handico 7, and Udic can be seen developing modern and large-scale complexes with million-dollar views.

SOHO heritage westlake 1

Heritage Westlake – The luxurious condo developed by CapitaLand

Always in the top choices

Over the past 15 years, Tay Ho has transformed into an ideal living environment for both locals and foreigners. One of the most popular areas for expats is Quang An Peninsula, which has a bustling atmosphere and a variety of amenities. For those who prefer a greener living environment, Ciputra Urban Town in the north of Tay Ho is a great option. This area is home to renowned international schools such as UNIS and SIS, making it a popular choice for families.

Recently, the release of Heritage Westlake condos for sale has caused a stir in the Hanoi real estate market. These luxury condos are some of the most expensive and exclusive properties in the city, boasting stunning views of the West Lake area.

The movement of embassies and Hanoi administrative centers to the West of Westlake further confirms the future potential of Tay Ho district. With the upcoming development of Lotte Mall and other high-end projects in the area, Tay Ho Westlake is poised to become the new business center of Hanoi. As such, the demand for luxury properties in the area is expected to increase, making it a promising investment opportunity for those looking to enter the Hanoi real estate market.

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