This project, which broke ground in 2008, had an initial investment of VND 7,642 billion. It comprised 1,116 villas centrally located in the new Duong Noi urban area. Despite most of the villas being completed with full infrastructure, landscaping, roads, and lighting, the area remains devoid of residents.
The developer completed the exterior construction and handed over the villas to customers at the end of 2018. However, hundreds of villas remain abandoned as of this writing.
According to our sources, the villas here are advertised for sale at prices starting from VND 10 billion.
The villas are always “locked up tight.” Many lack security doors.
Due to prolonged abandonment, the multimillion-dollar villas have fallen into disrepair, with weeds growing rampant within the compounds.
The entrances of many villas are overgrown with grass, littered with trash, and covered in moss.
Over time, the unused facilities have deteriorated and taken on an aged, desolate appearance.
After heavy rains, some villa basements become large pools of water. The rainwater carries trash into these basements, creating an eyesore and a source of foul odors.
Many villas display “For Rent” signs, but they have remained vacant for years.
Water pipes and taps have been installed, awaiting their owners’ arrival. However, prolonged exposure to the elements has caused them to deteriorate and fall into disrepair.
Some villas, neither inhabited nor rented out, are temporarily fenced off with corrugated iron sheets, surrounded by overgrown weeds.
A thin rope separates the villa compound from the outside, preventing vehicles from entering.
The path behind the compound has been converted into a dumping ground and is used for personal purposes.
A makeshift playground has been set up but is rarely used.
The surroundings are overgrown with weeds.
While many villas lie abandoned, there is a severe shortage of affordable housing for low-income earners. According to experts, this situation is not unique to Hanoi but is prevalent in many other provinces across the country. It is a paradox and a significant waste, leading to numerous socio-economic and security issues. Addressing this problem is not a quick fix, and it poses a challenging task for the authorities.
