HOW THE INNER CITY EXTENDED ROUTES AFFECT TO REAL ESTATE ?

The closer the implementing date of the projects to widen roads and build bridges … , the more the attention of the home buyers because of their expectation of the life quality improvement and the increase of the real estate value.

The owners put expectations in the new routes

Lots of infrastructure projects with huge investment are being implemented in Hanoi to solve the problems of congestion, traffic congestion, dust, etc. The projects of routes which are mostly expected in the near future  including routes from Voi Phuc (Ba Dinh) to Hoang Cau (Dong Da), ring road 2 of Nga Tu So – Nga Tu Vong, Mai Dich bridge – Thang Long Bridge, Metro lines such as Cat Linh – Nhon, Cat Linh  – Ha Dong, etc. Large transportation projects not only solve transportation problems but also contribute to the change in the economy, including real estate in the region and surrounding areas.

Therefore, some owners owning beautiful land bank along these routes, after seeing the completion of these transportation projects will rush to implement the project to catch up the price rise opportunities.  Lots of customers also see it as an opportunity to buy houses, invest in real estate and upon the completion of the transportation project, real estate prices will increase.

To be expected to help in perfecting the general construction planning of Thanh Xuan district and the traffic and infrastructure system of the area, the project to expand Vu Trong Phung Street, the route from Nguyen Huy Tuong street to Nguyen Trai street especially paid attention by management authorities.  Agencies and organizations have handed over the site to the owners to implement the project to expand this route in accordance with the construction schedule later this year and expected to be completed in 2019. Upon completion, the project’s width is 20m and the length is approximately 0.5km.

Specialists said after completion, the project is expected to bring a modern traffic route, contributing to the transformation of this area’s appearance.  In addition, Thanh Xuan area also benefits from another infrastructure project, which is Cat Linh – Ha Dong railway.  The combination of these two factors has created a great expectation for home buyers and investors for real estate projects in Thanh Xuan area.

In which, Hanoi Rivera Park project (at 69 Vu Trong Phung) benefits directly from the expansion of Vu Trong Phung Street, affecting the potential of price rise and liquidity.

Mr. Minh, a sales staff of a real estate exchange, said that the information of the transport routes which are about to expand always affect real estate prices of the surrounding area.  As for Rivera Park project, because it is located right on the road front, it attracts the attention of customers more and more.

Perspective image illustrating Rivera Park project in Hanoi

Prime project in Thanh Xuan area

Rivera Park Hanoi is not only an easy place to travel to the center but also close to the top schools of all levels, shopping centers, scaled entertainment locations, etc. With the expectation of price rise benefit from better infrastructure after the completion of extended Vu Trong Phung route, many homebuyers have seized the opportunity, choosing to buy houses close to the implementing time to optimize benefits.

Developed by Long Giang Land – a unit with 17 years in the real estate sector, Rivera Park is not only guaranteed of quality but also integrated modern utilities, high end furniture, three large swimming pool combining with Gym, etc. meeting 5 star standard.  The owner has created a common space for the residents living in the high storeys such as indoor children playing area, meditation and yoga area, chess playing garden, billiard area, BBQ garden, etc. Rivera Park transforms the home to a resort that surpasses the standards of a daily lifestyle.  It is also a place at which where many foreigners live and work, thus increasing benefits from leasing.

The project owns a great advantage of being ready to hand over, minimizing risks compared to buying apartments formed in the future.

Contact information:

Sales consultancy and management unit: Weland Real Estate Development & Trading Co., Ltd.

Official distributors:

Grandland Trading and Real Estate Co., Ltd

An Phat Real Estate Joint Stock Company

Realhomes Real Estate Business and Services Co,. Ltd

Hotline: 0971966889