Hanoi real estate projects ‘burst open’

VietNamNet Bridge 03/10/2010 05:53 PM
Hanoi real estate projects ‘burst open’ - Hanoi - Vietnam - residential project

VietNamNet Bridge –Hanoi’s real estate market has awakened after two months of hibernation by the news that the capital city will have five satellite urban areas. Additionally, the demise of gold trading floors has brought more capital to the real estate market.

In the first month after Tet, real estate developers launched many new projects. The first 116 apartments (out of 512) for CT3 Hoang Quoc Viet Residential apartment bloc in the Co Nhue new urban area will be officially marketed on March 10. The apartments are between 71.6 to 161.7 square meters.


According to Nam Cuong group, the project investor, the apartments will be sold directly on the company’s real estate trading floor with starting prices of $1300 per square meter.


Song Hong Construction Corporation is going to market the Song Hong Hong Park View on Thai Ha street which includes three towers, two 19-story apartment towers and one office tower of 10 storys. Each apartment, covering an area of 75 to 185 square meters is expected to be sold at $2000-2200 per square meter.


Unimax twin apartment bloc (39 and 33 storys) in Ha Dong district includes a complex of apartments, offices and a trade centre. It is also scheduled to be marketed in the second quarter of 2010.