Western real estate increases in value thanks to development of infrastructure

Event News
20.09.2022
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According to experts, the common rule of the real estate market in Vietnam is how much infrastructure development, the value of real estate increases there. Information about the Le Van Luong underpass project – Ring road 3 , which is expected to start on October 2, is also judged by experts when completing the underpass will contribute to solving traffic conflicts at the axis Le Van Luong - To Huu street, at the same time accelerating the urbanization process, increasing the value of the real estate market in the west of capital.  "Skin changes" thanks to infrastructure Le Van Luong – Ring road 3 tunnel project has a total investment of 698 billion VND, was started on October 2 and is expected to be completed after nearly 2 years of construction, the project has a total length and barrier on both sides of the tunnel is 475m. After the Le Van Luong underground tunnel is built, the intersection will have a total of 10-lane in the direction of Le Van Luong - To Huu instead of 8-lane nowadays. Currently, important roads such as the ring road 3, To Huu road, road 70, Van Phuc and Le Trong Tan streets have been continuously completed. In addition, large routes are newly invested or renovated and expanded such as the lengthened Van Phuc - Le Van Luong intersection, Thang Long - Khuat Duy Tien tunnel, overpasses, underground tunnels ... were put into operation. , creating smoothness for the western triangle of Ha Dong - Nam Tu Liem - Cau Giay.
Perspective of Le Van Luong underground - The place that The center with Western urban area of ​​the capital.
The appearance of the routes helps to reduce the traffic density, creating a convenient connection between the suburbs and the city center. In which, Le Trong Tan Street, Ha Dong, Hanoi is considered one of the roads that are and will become the lifeblood of the western gateway of Hanoi. With the location of the gateway to the capital, the market is currently witnessing the "rush" of the real estate world, making this area step by step "changing flesh" and there is no sign of stopping with the appearance of many huge projects and important traffic projects. The value of real estate has increased significantly a natural rule, the more infrastructure development, the price of real estate increases accordingly, which is common in the real estate market in Vietnam. The most active transaction activities include projects along the main roads such as Le Trong Tan - a route located in the belt of 3.5 with many utilities, such as Aeon Mall Ha Dong, Thien Duong Bao Son Park... According to records, the value of real estate in this area has increased many times. According to a real estate floor agent,in this time compared to the end of 2017, housing prices in this area have increased by over 20%, some places have increased by 30%, especially real estate along To Huu axis.Recently, Aeon Mall Ha Dong project is also the main road going through a series of big projects such as Roman Plaza, Shop house Van Phuc ...
Hai Phat investor's Roman Plaza stands out on To Huu - Ha Dong route.
Judging from the West of Hanoi, representatives of CBRE Vietnam or Savills all said that this is the most dynamically developed area, the strong boom of the real estate market in this area over the past few years is due to Infrastructure elements are invested synchronously. The profitable potential here is also highly valued when the population density is increasing. In addition to developed transportation infrastructure, hospitals, schools, residential markets and serving the needs of people in this area are also developed synchronously, which is one of the reasons why this area becomes relevant. With the presence of big fishes in the western area of ​​Hanoi,such as Hai Phat, Nam Cuong, Vingroup ... along with that infrastructure are invested and completed,West of the capital is continuing to be one of the "hot spots" for investment in the future.

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