The Capital City’s Multi-Million Dollar Makeover: Hanoi Approves Urban Plan Featuring a $420 Million Horse Racing Track
The Soc Son Urban Subdivision Area 3 (Hanoi) plan encompasses approximately 1,424 hectares, with an expected population of 46,000 by 2030. This area is designated for urban development, featuring a diverse range of functions, including a public park, schools, hospitals, high-quality residential areas, and a $420 million horse racing track, promising a vibrant and dynamic future for the region.
A Plethora of Year-End Job Openings: Earn Up to $20 Million VND
Over 40,000 job opportunities were up for grabs in Hanoi last November, with approximately 15% of these positions offering a salary range of 10 to 20 million VND.
“Alleyway Homes: The 30-50sqm Gem That’s Now a Rarity in the Market and Priceless”
“There has been a recent change in the minimum land lot size requirements in Vietnam, according to Le Viet Long, Director of the Resource Center at RECO Home Real Estate Company. Previously, a plot of land as small as 30 square meters could be registered as a separate lot, but the new regulations now require a minimum size of 50 square meters. As a result, houses in alleys with an area of around 30-50 square meters have become a rarity and are no longer available on the market, driving up prices significantly in this segment.”
The Real Estate Shark’s Hunt for Untapped Terrains
As Hanoi becomes increasingly congested and property prices soar, large investors – often referred to as real estate ‘sharks’ – are on the lookout for new potential territories. They are expanding their horizons!