Hanoi People’s Committee Allocates Land in Tay Ho Tay Urban Area
The Hanoi People’s Committee has recently allocated over 41,255 square meters of land in the K4TT1 and K4CX1 blocks of the Tay Ho Tay (Starlake) urban center in Xuan Dinh ward to the Hanoi Land Development Center for management and proposed usage.
Of this land area, approximately 36,650 square meters are zoned for low-rise residential construction, while the remaining 4,605 square meters are allocated for greenery and walkways. This land is provided free of charge, but the receiving unit is responsible for reimbursing infrastructure costs to the investor, Daewoo Engineering & Construction (Hàn Quốc).
Earlier in July, the city also handed over nearly 7 hectares of land in Tay Ho Tay to Daewoo Engineering & Construction for the seventh phase of their project. Of this, 4,600 square meters in the K2HH1 block will be used for the construction of a mixed-use complex, including public services, commercial areas, and luxury residences. Approximately 27,000 square meters in the K2CT1 block are designated for high-rise residential buildings. Homeowners will have stable long-term land use rights.
Additionally, almost 800,000 square meters of land in the C2TH1 and C2NT1 blocks are allocated for the construction of kindergartens and elementary schools. Over 12,000 square meters are handed over to the investor for the development of urban roads as per the master plan. Upon completion of the construction, Daewoo Engineering & Construction will be responsible for maintaining and transferring the infrastructure to the local government for management.
Tay Ho Tay is the urban area with the most expensive land prices in the capital.
The Tay Ho Tay urban center project, commercially known as Starlake, spans over 168 hectares with a total investment of approximately 1.3 billion USD. It covers the wards of Xuan La, Nghia Do, Xuan Tao, and Co Nhue 1.
According to the land price list issued by the Hanoi People’s Committee in late 2024 (valid until December 31, 2025), Tay Ho Tay is the urban area with the highest land prices in the capital. The most expensive land plot in the project is priced at over 113 million VND per square meter, which is 3.3 times higher than the previous land price frame.
According to batdongsan.com.vn, many apartments in the Starlake urban area are listed for sale at prices exceeding 130 million VND per square meter. For the villa segment, the prices are even higher, ranging from 400 to 800 million VND per square meter.
The project investor, Daewoo Engineering & Construction, is a 100% foreign-owned enterprise established by five major Korean construction groups. However, Daewoo now holds all the shares with a charter capital of 4,566 billion VND.
The Capital Hands Over More Than 4.1ha of Land in the Tay Ho Tay Urban Area
The Hanoi People’s Committee has approved the allocation of over 41,255 square meters of land in the K4TT1 and K4CX1 plots in the Tay Ho Tay Urban Center (Xuan Dinh Ward) to the Hanoi Land Development Center for management and proposed usage plans.
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