This area is predicted to have the fastest real estate price growth in the period 2023-2025 when focusing on many high-end apartment projects, diverse in form and scale.
The East continues to be the real estate highlight of the Capital.
The two Jardin De Joie apartment buildings belong to the Le Grand Jardin apartment complex with convenient transportation, green living space, and multi-utilities to meet real housing needs with high quality of life.
After a period of rapid development and administrative expansion to the West, in the past 3 years, the focus of Hanoi real estate has shifted to the East with large megacities. The excitement is also accompanied by a wave of investors and home buyers moving from the old, cramped inner city to new, more convenient, spacious and modern areas.
The growth potential of real estate in the East is still very large thanks to the transport infrastructure system that is being deployed and expanded. After the Vinh Tuy 2 Bridge was recently opened to traffic, the system of 10 bridges across the Red River creates diverse connectivity between the East to the center of Hanoi and the provinces in the Northern key economic triangle, creating a boost for trade and economic activities.
The development of Ring Roads 3 and 4 not only attracts homebuyers but also investors looking for high-quality apartments in the Eastern region, which is easily accessible to large industrial parks in Bac Ninh and Hung Yen, to rent to groups of foreign experts with high qualifications and income.
Long Bien District - where real estate projects with great potential for price increase are concentrated
The newly opened apartments in Long Bien district are all designed in a green trend with large areas, balconies with floor-to-ceiling glass walls and modern interiors.
Over the past years, real estate in the Eastern region, especially in Long Bien district, has been continuously improved with a dense, high-quality infrastructure system, schools, shopping centers, hospitals, etc.
Most apartment projects in Long Bien are built and designed according to modern apartment standards, with many open spaces to take advantage of light and connect with nature. According to statistics from Batdongsan.com.vn, in the period from 2018 to 2023, apartment prices in Long Bien district increased by an average of 15% per year.
With the low base price, according to Savills forecast, in the coming time, real estate prices in the Eastern areas such as Long Bien district or Gia Lam district... will continue to increase, some places are estimated to increase by 36% compared to current prices, especially for existing apartments, ready to be handed over and have high profit potential.
Some projects have anticipated the rising trend of real estate prices in the East of the capital in the coming time, such as the two Jardin De Joie apartment buildings (Le Grand Jardin, Sai Dong, Long Bien) ready for handover with 50 synchronized internal facilities such as landscape parks, yoga grounds, fountains, community living spaces - Noi Space... The projects also offer attractive discounts and gifts to home buyers.
In the context of scarce supply of new apartments in Hanoi, investing in luxury apartments in the Eastern region is one of the sustainable profit directions, in line with the expansion and development trend of the capital.
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