Hanoi’s Neighbor, Ha Nam: A Province with Great Potential
Can you share your insights on the real estate market in Ha Nam Province and its potential?
Ha Nam boasts impressive growth rates, urbanization, and strong investment in transportation infrastructure, offering a unique advantage for industrial and tourism development. Strategically located near the capital city of Hanoi, Ha Nam sits on vital transport routes connecting key economic areas in Northern Vietnam. The province also possesses a wealth of scenic, cultural, and spiritual attractions, such as Tam Chuc Pagoda, which has the potential to become an international spiritual tourism destination. Ha Nam’s advantages are significant, and its economic development can benefit from its proximity to Hanoi.
We have witnessed a shift in economic activities and lifestyles from the center of Hanoi to neighboring provinces like Bac Ninh and Hung Yen. In Hung Yen’s large urban areas, for instance, the majority of residents are from Hanoi, attracted by the improved transportation links that shorten travel time. These areas have effectively become extensions of Hanoi, despite being located in a different province.
Ha Nam has the potential to develop such satellite towns on Hanoi’s southern doorstep. With the current pace and scale of investment, the gap between Ha Nam, and specifically Phu Ly, and Hanoi is narrowing. If Ha Nam can offer high-quality urban areas, Hanoi’s residents and investors may choose to live, relax, or invest here. Ha Nam is well-positioned to tap into the Hanoi market and develop into a significant satellite city for the region.
Ha Nam has ample room for development.
How can Ha Nam Province leverage its strengths within the context of the Hanoi Capital Region linkage?
Ha Nam is strategically located within the “economic triangle” of Hanoi, Hai Phong, and Quang Ninh and the expanded “economic rectangle” that includes Thanh Hoa. It also lies on the main North-South expressway, the backbone connecting Hanoi with the southern provinces. As such, Ha Nam has vast potential for development. The province already boasts impressive urbanization rates, ranking among the top in the Red River Delta region. By attracting major investors and capitalizing on its advantages, Ha Nam is poised for rapid growth.
Additionally, Ha Nam is home to large central hospitals, such as Viet Duc and Bach Mai, and is witnessing the development of modern educational and high-tech industrial projects. These enhancements, along with improvements in urban infrastructure and quality of life, will make the province more attractive to skilled workers, intellectuals, and affluent individuals.
Another advantage worth mentioning is the province’s competitive real estate prices, which are currently very appealing to investors. We anticipate an increase in transaction activities and, consequently, real estate value in the coming period. We are particularly interested in Sun Group’s plans to develop the upscale “Sun Urban City” project in Ha Nam, which will undoubtedly create unique values, stimulate growth, and unlock the province’s potential.
Sun Urban City: A Top Choice for the Discerning Investor
Given the narrowing gap between Ha Nam and Hanoi, is it feasible for Ha Nam to become a southern suburban resort area for Hanoi?
Large urban areas in Bac Ninh and Hung Yen have already become high-quality residential areas, effectively integrated into the Hanoi region.
Sun Urban City, a modern urban era project, is set to become the focal point of Ha Nam’s real estate market. Illustrated image
There is a significant demand for high-quality housing among Hanoi residents, and the capital is currently lagging in developing such large-scale urban areas. This presents an opportunity for neighboring provinces like Ha Nam. We commend Ha Nam’s breakthrough in transportation infrastructure development, as distance and travel time are no longer obstacles. Hanoi’s affluent residents will seek locations that match their status and offer a high quality of life, scenic surroundings, and exclusive services.
With the advantages I’ve mentioned and the involvement of experienced developers like Sun Group, Ha Nam can become a trusted choice. We believe that the 420-hectare “Sun Urban City” project, a large-scale urban era project currently being developed by Sun Group in Phu Ly, Ha Nam, will undoubtedly become a focal point and the preferred choice for investors and sophisticated, affluent individuals from Hanoi and Northern Vietnam.
Sun Urban City is hailed as one of the largest-scale urban projects in Ha Nam, boasting a wide range of amenities that enhance the city’s overall quality. What are your thoughts on the appeal of this project?
Sun Urban City offers a diverse range of amenities to cater to the needs of its residents. Illustrated image
Why are Hanoi’s residents, young people, and sophisticated individuals drawn to satellite towns on the city’s outskirts? It’s a legitimate demand, given that Hanoi has limited space for developing large-scale urban areas. The surrounding provinces offer the convenience of good transportation links, with a one-hour commute from the office to home being a common and acceptable travel time for Hanoi residents.
We believe that the large-scale urban project Sun Group is developing in Phu Ly has a distinct advantage due to its proximity to Hanoi, just a 45-minute drive away. The urban area itself boasts a plethora of amenities and impressive scenery, making it ideal for long-term living. As regional transportation continues to improve and with the planned high-speed railway in the future, the distance between Ha Nam and Hanoi will become negligible, and the focus will shift solely to the quality of the urban area.
With Sun Group’s expertise and capabilities, there’s no doubt that Sun Urban City will offer a full range of amenities, services, and a high quality of life, from entertainment to tourism and luxury services. Sun Urban City will undoubtedly be the top choice for sophisticated individuals, investors, and affluent individuals from Hanoi and beyond. We are very optimistic about Ha Nam’s real estate market potential in the future.
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