Infrastructure developments such as metro lines and ring roads are the main drivers behind the West’s booming popularity. Along with an increase in premium projects, the West is becoming an attractive investment destination.

Infrastructure supports growth

Between 2021-2025, US$8.93 billion of public investment will go towards infrastructure and socio-economic development. The West benefits from existing and future projects that connect it to different parts of the city; these include Thang Long Boulevard, the To Huu - Le Van Luong route, and various metro lines and roads. The continued improvements in infrastructure greatly benefit western Hanoi’s real estate market.

Mr Nguyen Duc Them, Senior Manager, International Residential Sales, commented: “Many projects benefit from the new metro lines. Metro Line No.3 is important because it connects Cau Giay and Ba Dinh districts. In the future, it will link with Line No.2, which will connect the West to Noi Bai International Airport.”

Ring road projects are also crucial to the success of the West, as they connect it to eastern and north-eastern parts of the city. The development of ring roads means there is less traffic, and it also boosts the value of housing; for example, primary apartment prices in Cau Giay have increased 14% per year since 2017.

Mr Matthew Powell, Director, Savills Hanoi, said: “Since 2010, many large-scale projects have been motivated by the development and improvement of infrastructure. The disparity in real estate prices between urban and surrounding areas has narrowed, thanks to improved infrastructure and projects that offer diverse amenities."

An increase in premium projects

Diversified developments and quality improvements also increase the West’s popularity. Mr Powell commented: “Investors are noticing the quality of residential and commercial projects in western Hanoi. With many premium projects, this area promises to be a great investment destination.”

Lancaster Luminaire is a prime example of a high-quality housing project that benefits from the West’s improved infrastructure. It is the latest luxury apartment complex in the Lancaster chain by Trung Thuy Group. Located at the intersection of Cau Giay, Dong Da, and Ba Dinh districts and on Ring Road 2, connection to Nhat Tan Bridge and Noi Bai International Airport is effortless. Upon completion, the nearby Metro Line No.3 will connect the project to the CBD and neighbouring districts.

Lancaster Luminaire is popular among investors as well as customers looking to find new homes, thanks to its high build quality and convenient location.

Savills is the official agent of Lancaster Luminaire. For more information, please contact:

International Residential Sales

Hotline: +84 963 561 661

Email: hanoisales@savills.com.vn

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