The Kim Dong – Giai Phong underpass construction project is accelerating, promising to create a major traffic hub directly connecting to the 2.5 Ring Road through Dinh Cong, Kim Dong, and Tan Mai. Surveys indicate that local property and apartment prices are already on the rise.
At the Giai Phong – Dinh Cong intersection, a project comprising four 35-story towers has been relaunched and reopened for sales. Prices range from 95 to 115 million VND per square meter. The developer plans to hand over apartments in Q1/2027.
Another apartment project in the area, benefiting from the 2.5 Ring Road, is offering units at approximately 70-85 million VND per square meter. These apartments range from 80-128 square meters, featuring 2-4 bedrooms.
Agents at these projects are actively selling, emphasizing infrastructure improvements. Once the Kim Dong – Giai Phong underpass on the 2.5 Ring Road is operational, demand for apartments and price levels are expected to rise.
Construction of the Kim Dong underpass underway. Photo: D.A
|
Older apartments in the area have long anticipated this road development, as some projects will gain direct road access upon infrastructure completion. For instance, T&T DC Complex, initially sold at 34-38 million VND per square meter (equivalent to 1.6-2.5 billion VND per unit), now commands 96-102 million VND per square meter on the secondary market.
Sky Central apartments are currently trading at 65-99 million VND per square meter. During its 2017-2018 launch, prices were only 24-27 million VND per square meter. Many agents and investors predict further price increases once the 2.5 Ring Road opens.
At the beginning of Tan Mai Street, Mandarin Garden 2 directly benefits from the new road. Completed in 2018 with four towers ranging from 25-30 stories, initial prices were 25-35 million VND per square meter. Now, secondary market prices have surged to 96-112 million VND per square meter, a 3-4 fold increase.
Meanwhile, land prices in the area typically range from 150-300 million VND per square meter, with prime locations exceeding 400 million VND per square meter.
On Dinh Cong Street, frontage properties range from 150-357 million VND per square meter. For example, an 85-square-meter property is listed at 15.3 billion VND, while an 8-story building with a 98-square-meter footprint and 6-meter frontage is priced at 35 billion VND. Alley properties accessible by car or motorbike are lower but still high, at 172-240 million VND per square meter.
On Kim Dong Street, frontage properties range from 100-300 million VND per square meter, depending on size, floors, and business potential. A 5-story, 58-square-meter property is listed at 16.9 billion VND, or 291 million VND per square meter. Alley properties are priced at 169-200 million VND per square meter.
 Property prices rise with infrastructure improvements. Photo: D.A |
On Tan Mai Street, frontage properties are listed at 350-400 million VND per square meter. For example, a 55-square-meter, 5-story property is priced at 19.5 billion VND, while an 8-story, 180-square-meter building is listed at 69.9 billion VND. Alley properties accessible by car or motorbike range from 176-195 million VND per square meter.
According to Nguyen Van Viet, a real estate agent, the area around the 2.5 Ring Road, particularly Dinh Cong, Kim Dong, and Tan Mai, is becoming a hotspot due to its strategic location and strong infrastructure prospects. Once the major road is completed, travel times to the city center will decrease, and connectivity with surrounding areas will improve, significantly boosting housing and apartment demand.
Frontage properties, townhouses along major roads, and car-accessible alley properties have all seen substantial price increases, especially for new apartment projects near key traffic intersections.
Many homeowners are no longer in a rush to sell, with some raising prices by 300-500 million VND just weeks after news of accelerated infrastructure development emerged.
However, agents stress that not all properties near the 2.5 Ring Road are experiencing price increases. Homes located deep in narrow alleys or near areas subject to planning changes or land clearance often face volatility or liquidity issues. Buyers should carefully review planning documents, especially for sections awaiting clearance or adjustments.
Duy Anh
– 05:45 27/11/2025
Real Estate Credit Hits Record High, Supply Shifts Significantly to Mid-Range Segment
The Q3/2025 Housing Market Report by VIS Rating reveals a significant surge in real estate credit, reaching its highest level in years at 23.7% of total outstanding debt. Meanwhile, new supply has notably shifted towards the mid-range segment, particularly in Ho Chi Minh City and its surrounding satellite areas.
Ho Chi Minh City: Boosting Housing Supply to Drive Down Prices
The Ho Chi Minh City People’s Committee has tasked multiple departments and agencies with boosting housing supply and lowering property prices.
Housing Fund: Success or Failure Hinges on Implementation
The National Housing Fund is a proven model that has demonstrated remarkable success in Singapore and South Korea.
“Once Shunned for Its Cemetery Proximity, This House Now Commands Over $9,000 per Square Meter”
Amidst the soaring property prices in Hanoi, even apartments once shunned for their proximity to cemeteries are now fetching billions of dong, reflecting the city’s relentless real estate surge.
After the Prolonged Boom, Real Estate Prices Face Sharp Correction Due to This Key Factor
The real estate market is teetering on the brink of a significant cooldown, and the culprit can be summed up in two words: interest rates.
