The Ultimate Luxury: West West Lake Apartments – A Rare Find at Almost 300 million VND per square meter

Limited Land Availability Leads to a Shortage of Primary Inventory

Strategically positioned as a key gateway to the northeast of the Capital, combining ecological living spaces with a synchronous and modern infrastructure system, Tay Ho Tay has long been considered a “golden coordinate” for luxury apartment projects. However, this very development has led to a decreasing land fund for apartments in Tay Ho Tay, creating a prolonged state of scarce supply in the market.

According to market surveys, from the beginning of 2024 to the end of the first quarter of 2025, the area hardly recorded any new luxury apartment projects. Specifically, the total primary apartment supply in Hanoi in 2024 exceeded 19,000 units, but the projects were mainly concentrated in the west and east of the city, with only one luxury project in Tay Ho Tay being launched.

The projects that were previously launched have achieved high absorption rates, with most being sold out or only having a limited number of units remaining, increasing the pressure on access for customers with real ownership needs.

The Secondary Market Cannot Compensate for the Shortfall

With limited choices from new apartment supplies, many customers turn to the secondary market. However, a practical survey shows that the rate of luxury apartment listings in Tay Ho Tay has decreased by about 50-60% compared to 2023.

This supply-demand imbalance has driven up apartment prices in the Tay Ho Tay area. According to CBRE reports, primary apartment prices in Tay Ho Tay increased by 27% annually, and a series of secondary apartment projects in the area have prices exceeding 150 million VND/sqm, peaking at nearly 300 million VND/sqm for luxurious penthouses and duplexes with direct views of West Lake. Despite these high prices, they are always in a state of “sold out”. Local brokers attribute this to the fact that most property owners in the area have real living needs or tend to hold on to their assets for the long term instead of reselling.

The Tay Ho Tay real estate market will continue to grow strongly

Despite the increasingly scarce supply, the Tay Ho Tay real estate market remains vibrant, continuously attracting the attention of intellectuals, experts, and Hanoi’s elite – those seeking a sustainable, classy, and value-appreciating living space.

Tay Ho Tay is favored for its unique location advantages and is likened to the “green lung” of the capital, with over 500 hectares of water surface, providing a fresh living space in the heart of the city. The area also stands out for its solid feng shui location, comprehensive transportation system, and world-class amenities such as Lotte Mall Tay Ho, international schools and hospitals, and 5-6-star hotels. In addition, the district’s orientation towards cultural and tourist development is infusing new energy into Tay Ho Tay, with artistic light shows and traditional festivals by the lake, creating a harmonious living space that blends modernity with cultural identity – where the elite find emotional and spiritual resonance.

Lotte Mall Tay Ho Trade Center

Artistic light festival at West Lake

Tay Ho Tay is not only witnessing a mechanical population shift but also a strong influx of prestigious agencies, unions, and Class A offices establishing their long-term presence. The increasing presence of influential individuals and entities has contributed to shaping the urban landscape, fostering a civilized and intellectual community, and elevating the area’s real estate value towards stability and long-term growth.

Both investors and “End users” can easily predict that, with the current development pace, Tay Ho Tay’s real estate value will continue to grow robustly in the future.