The Hanoi People’s Committee has recently approved an updated list of investment projects for the construction of residential and urban areas as part of the city’s housing development plans for the 2021-2025 period (3rd phase).
Specifically, 36 commercial housing and urban development projects have been approved, with 10 expected to be completed by 2025 and the remaining 26 to follow after that year. These projects have already received investment approval and are expected to provide a significant number of housing units to the market.
In addition, there are 85 projects in the pipeline that are undergoing investment preparation procedures. These projects are expected to yield nearly 49,000 housing units, showcasing the city’s commitment to addressing housing demands.
Ho Tay Land’s apartment project, invested by Ho Tay Land Joint Stock Company.
One notable project is the new urban area along the Duong River in Gia Lam, spanning 226.8 hectares. With an estimated investment of VND 25,700 billion, this project is expected to provide over 2,300 homes and accommodate a population of approximately 8,296 people by its completion in 2032. The project is currently in the investment proposal and investor selection phase.
Another noteworthy project is the Nam Dai Lo Thang Long urban functional area, spanning over 75 hectares and boasting a total investment of VND 21,500 billion. This project is expected to provide around 2,200 homes upon its completion between 2024 and 2031. The Vietnam Exhibition Fair Center Joint Stock Company is the proposed investor, and the project is in the investment procedure phase.
Three other prominent projects in Hoai Duc district are expected to provide nearly 4,500 homes. These include the new Son Dong – X1 urban area, the La Phu new urban area, and the La Phu – Dong La new urban area, with total investments ranging from VND 3,462 billion to VND 15,000 billion. These projects are currently in the investment approval and investor selection process, with proposed completion dates ranging from 2028 to 2032.
Additionally, several notable projects are proposed for completion by 2026. These include a residential project at 486 Ngoc Hoi, Van Dien town, Thanh Tri district, with nearly 3.6 hectares of land and about 830 homes, and a complex of commercial centers, offices, and high-end apartments at 210 Quang Trung, Quang Trung ward, Ha Dong district, with 7,644 square meters of land and approximately 200 apartments.
The Phu Luong new urban area in Phu La, Phu Luong, and Kien Hung wards in Ha Dong district spans over 30.8 hectares and is expected to provide 475 homes. The total investment for this project is VND 4,831 billion, and it is a joint venture between Trung Viet Investment and Construction Joint Stock Company and Hong Quang Construction Joint Stock Company. The project is undergoing procedures for investment adjustment.
Last but not least is the Ho Tay Land apartment project, invested by Ho Tay Land Joint Stock Company. With a total investment of over VND 939 billion, this project offers 154 apartments across 5,423 square meters. The project is currently undergoing investment adjustments.
Hanoi to have nearly 100m wide road soon
Hanoi is about to have a nearly 100m wide, 1.3km-long road connecting from Xuân Diệu street to the Tây Hồ villa area.
Hanoi to reclaim over 2,600 hectares of agricultural land in two districts
The plan for land use in 2024 for Hoang Mai district and Dong Anh district has just been approved by the city of Hanoi. As a result, a total area of over 2,600ha of agricultural land is expected to be reclaimed by these two units within the year.
Hanoi’s Update on the Delayed 1.000 billion VND Hospital Project
To address the challenges faced by investors, the Hanoi People’s Committee has instructed the Long Bien People’s Committee and the Department of Natural Resources and Environment to resolve any obstacles that arise during the implementation of the Thang Long 1,000-Year Oncology and Plastic Surgery Hospital project.
Astonishingly high price for old and dilapidated apartment buildings reaching nearly 200 million VND/m2, rivaling the most luxurious condominiums in Hanoi
Old collective apartments with prices starting from 100 million VND/m2 are usually the first-floor units that can be used for commercial purposes, while the upper-floor units are priced at 60-80 million VND/m2 for residential purposes.
A 3km road in the heart of Hanoi passing through a series of major projects, connecting Vingroup’s planned projects and Nam Cuong’s mega urban area, will be opened to traffic in the next 2 months.
Le Quang Dao Street, stretching over 2.6 kilometers, is located between Thang Long Boulevard and Ring Road 3.5. Currently under construction, it is set to be completed and opened for traffic on April 1st.
