The Rise of Real Estate Projects Along the Billion-Dollar Boulevard: Unveiling the Historical Perspective

Low-rise prices increase tenfold after a decade

The Tay Thang Long Boulevard, the backbone of Hanoi’s new western development, is one of the hottest spots in the capital’s real estate market, witnessing uninterrupted growth even during the market’s stagnant phases.

Statistics show that low-rise projects along the Tay Thang Long Boulevard have recorded sky-high prices after some time in the market: inner-city land prices fluctuate between 250 – 300 million VND per m², while land prices along the road range from 330 – 380 million VND per m².

In the high-rise segment, a luxury apartment tower had an average selling price of 80 million VND per m² in 2023. Just two years later, the price has almost doubled to 110 – 160 million VND per m².

These figures illustrate a consistent trend: when the urban area transitions from its infancy to completion, real estate values immediately soar. Notably, as soon as the critical infrastructure becomes operational, projects quickly establish new price peaks, multiples of their initial selling price.

In reality, over the past decade, the Tay Ho and Tay Thang Long areas have witnessed the completion of several significant transportation projects, such as Vo Chi Cong and Vo Nguyen Giap roads, Nhat Tan Bridge (2015), Ring Road 3 Mai Dich – Thang Long Bridge (2020), and the overpass at the Nguyen Van Huyen – Hoang Quoc Viet intersection (2020)… These have served as catalysts for the robust growth of real estate in the area.

Vinhomes Wonder City: Wave-making prices offer golden opportunities to double or triple your assets

In the vibrant development picture of the capital’s west, Vinhomes Wonder City, a newcomer strategically located on the billion-dollar Tay Thang Long Boulevard, holds great potential due to its unique advantages.

Vinhomes Wonder City launches at the perfect time for the western capital’s infrastructure development.

Firstly, the project’s launch coincides with the golden moment for the western region’s strategic infrastructure development. Especially after years of stagnation due to land clearance issues, the 700-meter stretch from Pham Van Dong to Van Tien Dung on the Tay Thang Long Boulevard has finally found a solution. More than 400 households in the area have agreed to a resettlement plan, ready to hand over the cleared land, helping the project accelerate towards its completion in the second quarter of 2026. From there, the travel time from Vinhomes Wonder City to Tay Ho, Cau Giay, or My Dinh will be reduced to just 15 minutes. The completion of infrastructure also marks a significant turning point, creating a strong impetus for real estate values.

Vinhomes Wonder City’s growth potential is considered the highest on the Tay Thang Long axis, as its current prices start from only 160 million VND per m². This is an exceptional price compared to the peak low-rise prices of up to 800 million VND per m² on the same axis. Therefore, investing in Vinhomes Wonder City at this early stage offers opportunities to double or triple assets when the billion-dollar boulevard opens in 2026, coinciding with the project’s delivery and operation.

Furthermore, in the next 24 – 36 months, Vinhomes Wonder City will welcome several other infrastructure boosts with the completion of Thuong Cat, Hong Ha, Ring Road 3.5, and Ring Road 4 bridges.

Additionally, Vinhomes Wonder City is developed with a superior planning philosophy. The project stands out with a low construction density of only 26.7%, allocating nearly 25 hectares exclusively for greenery and water bodies.

The project also boasts a comprehensive range of amenities with 99 diverse facilities: creative playgrounds, interaction areas, event squares, relaxation spaces, and the quartet of Vingroup’s signature services: Vinschool education, Vinmec healthcare, Vincom commercial centers, and Vinhomes’ 5-star management and operation standards.

Wonder City is also the first Vinhomes mega-urban project to introduce the new generation of “The 8:120 Collection” shophouses. Each unit features a wide 8-meter frontage, a spacious area of 120m², and a rear garden ranging from 20 to 36m², perfectly catering to both residential and business needs. The limited number of these shophouses further enhances their exclusivity, making them a top choice for a new generation of successful individuals.

The lesson from projects along the Tay Thang Long Boulevard is that early investors always reap the most significant rewards. With its superior location, planning, amenities, products, and pricing, Vinhomes Wonder City is at a “golden entry point” for discerning customers. Investing at this early stage allows investors to capture the full growth cycle of the western capital’s real estate market as the infrastructure wave is about to hit.