Real estate projects that attracted buyers at the end of 2014.

The real estate market in Hanoi is showing a massive influx of new supply. According to the latest report from the Vietnam Real Estate Association (VNREA), the supply of apartments is expected to be quite abundant in the near future. Apartment projects attracting significant market attention with good liquidity include: Vinhomes Royal City, Mulberry Lane, Ho Guom Plaza, New Skyline… Notably, several new high-end projects have emerged, such as Vinhomes 56 Nguyen Chi Thanh and Home City Trung Kinh, with a total of 1200 units. Entering the fourth quarter, along with the boom in the affordable apartment segment, the market has never seen so many projects launched, with a total supply reaching thousands of units.

In the mid-range apartment segment, projects such as Van Phu Victoria Apartment, Spark Nam Cuong, HP Landmark Hai Phat… are attracting significant customer interest and transactions due to their reasonable prices and completed apartments. In the mid-to-high-end segment, several projects such as My Son Tower, Golden West, Mulberry Lane, and New Skyline are also drawing considerable interest from potential buyers, thanks to their prime locations and good construction progress.

The eastern area of ​​Hanoi, with prominent projects such as Hoa Binh Green City, Time City, and Helios Tower, attracts buyers thanks to its proximity to the city center and the overall favorable area. The Helios Tower apartment project, which officially launched on November 29th, has already sold 150 units. The main supply of apartments is concentrated in the western and southwestern areas of Hanoi. Apartments with suitable sizes and prices, guaranteed construction progress, and attractive locations are highly sought after and chosen by buyers. Therefore, projects in this area are successful and sell well upon launch.

The Home City Trung Kính project stands out. Launched in mid-November/early December, this new project has garnered significant market attention. In particular, even while still under construction (basement and ground level), it has attracted a large number of interested customers. Home City (177 Trung Kính) officially went on sale on November 16th, and within just two weeks of its launch, over 300 units were sold. In fact, the number of customers wishing to own a Home City apartment far exceeds the number of units released in each phase, leading many customers to eagerly await subsequent sales launches.

The fact that a newly launched project has been so enthusiastically received by customers speaks volumes about the capabilities of the developer, Van Phu-Invest. As the developer of a series of large real estate projects such as the Van Phu Urban Area and the Van Phu-Victoria Commercial Apartment Complex, which have been highly praised by customers for their scale, quality, construction progress, and service system, the newly launched product already has a strong reputation for quality and timely handover. Since mid-2014, Van Phu-Invest has been handing over apartments and processing land ownership certificates for residents of the Van Phu-Victoria Commercial Apartment Complex, further increasing customer confidence in the legal aspects of projects developed by Van Phu-Invest. This project has also attracted a large number of customers recently with an average price of only 18-19 million VND/m2; however, the apartments here are completed with high-quality finishes, from interior design and landscaping to service quality. Therefore, although market prices have increased up to this point, Van Phu-Victoria remains a preferred choice for customers looking to buy a house in Ha Dong District and surrounding areas.

Thus, real estate transactions in the last months of 2014 were more active, with the fourth quarter, leading up to the Lunar New Year, considered the busiest period of the year. Most reputable real estate agencies focused their maximum capacity on sales during this time. Against the backdrop of increasingly strong measures to stimulate demand and address market difficulties, customer confidence and opportunities in real estate are growing, making the real estate market more attractive to investors and those with genuine housing needs.

The Thanh