In early October, the Hanoi People’s Committee inaugurated the Pearl Opera House and Thematic Arts Park project at Dam Tri Lake, Tay Ho District.
This cultural and artistic complex boasts an investment of over VND 12,756 billion, spanning approximately 191,000 m². It occupies a prime location in the heart of Quang An Peninsula, surrounded by West Lake on three sides.
Designed as a hub for major cultural and political events in the capital, the structure features a dome inspired by West Lake’s ripples. Its ultra-thin, high-strength framework is coated with a nacre-like material, reflecting the lake’s hues that shift with the day’s light—Image: Developer.
One month into construction, Dam Tri Lake has been entirely reclaimed for Phase 1. Initial elements are taking shape, with workers and machinery focusing on the foundation and basement levels.
The reinforced steel foundation is nearing completion.
The site borders Dang Thai Mai Street to the east and southeast, overlooks West Lake to the west, adjoins a residential area to the northwest, and faces a planned road connecting Dang Thai Mai and Quang Ba to the north.
Alongside the main construction, nearby water bodies such as Pho Linh Pagoda’s lotus pond and Thuy Su Lake will be revitalized, cleaned, and enhanced with additional West Lake lotus plants to harmonize with the future arts park.
The project unfolds in two phases from Q1 2025 to Q3 2029. Phase 1 focuses on the Pearl Opera House, while Phase 2 will develop the surrounding Thematic Arts Park.
Viewed from Thuy Khue Street, the Pearl Opera House construction site stands prominently against West Lake’s expansive backdrop, poised to become Hanoi’s newest architectural landmark.
Upon completion, the opera house will be a state-of-the-art, versatile venue meeting international standards for major cultural and political events, significantly enhancing Hanoi’s cultural landscape.
Hanoi Explains Proposed 2-26% Increase in New Land Price List
Mrs. Ho Van Nga, Head of the Budget Department of the Hanoi People’s Council, stated that according to the new land price draft, only a few areas will see an increase of over 20%, while most will rise by 2-3%. For commercial and service land, many locations will increase by 7-8%, and agricultural land prices will remain largely unchanged.
Móng Cái Real Estate: The Ultimate Investment Destination
As Hanoi and other central urban areas grapple with overburdened infrastructure, rapid population growth, and shrinking land availability, real estate prices continue to soar. Consequently, investment capital is increasingly shifting toward promising provinces, with Mong Cai emerging as a standout destination.
Transforming Long Biên: A $15 Billion Masterplan to Become Hanoi’s New Urban Hub
Unveiling a transformative vision, the mega landscape avenue project, with an estimated preliminary investment of $15 billion, is poised to ignite the “Red River Miracle” – a catalyst propelling Hanoi into a new era of unprecedented growth and development.
Hanoi to Auction Prime Ba Dinh District Land for 5-Star Hotel Development, Starting Bid Over 679 Billion VND
The Hanoi Department of Agriculture and Rural Development has announced plans to auction the land-use rights for Plot 18 on Cao Ba Quat Street, Ba Dinh District. This prime location is earmarked for the development of a 5-star hotel, with a starting bid exceeding 679 billion VND.
New Land Price List in Hanoi: Select Areas See Up to 20% Increase
According to Hanoi’s upcoming land price list, only a select few areas will see increases exceeding 20%, while the majority will experience modest rises of 2-3%. Agricultural land prices, for the most part, remain unchanged.
