Hanoi: Real estate in Hoan Kiem district road is VND 500 million/m2, surrounding area is VND 100 million

A real estate market report for the second quarter of 2019 of Batdongsan.com.vn showed that the average price of townhouses was usually more expensive than 1.5-2.5 times the price of private houses in the same district. This difference was highest in Hoan Kiem district.

Price list of townhouses and separate houses in districts in Hanoi. (Source: Batdongsan.com.vn)

The research of Batdongsan.com.vn also showed that, except for Hoan Kiem district, townhouses and private houses in districts far from the center of Hanoi, the selling price increased sharply than the central districts.

Along with that, in the second quarter, townhouses selling and renting had a slight increase in the main districts while private home prices fluctuated slightly in many districts.

Specifically, from 2015 to 2018, street houses in urban districts such as Hoan Kiem, Ba Dinh, Hai Ba Trung, Cau Giay, Dong Da, Tay Ho, Thanh Xuan all increased. In particular, Hoan Kiem has the highest average increase of 17%, from around VND 400 million/m2 in 2015, up to VND 500 million/m2 in 2018. Meanwhile, the remaining districts had the increase ranges from 7-15%.

In districts and districts along Hanoi such as Nam Tu Liem, Bac Tu Liem, Ha Dong, Long Bien, Thanh Tri, Dong Anh, Gia Lam, Hoai Duc, the highest increase in the street-front segment belonged to Gia Lam district with the increase of about 64%. That was from about VND 30 million/m2 in 2015 to about VND 60 million/m2. Or in Bac Tu Liem district, townhouses from VND 85 million/m2 in 2015 increased to VND 100 million/m2 in 2018 (an increase of 19%).

For the housing segment in central districts of Hanoi such as Hoan Kiem, Cau Giay, Dong Da, Ba Dinh, Tay Ho increased from 2015 to 2018 is about 1-7%. In particular, Hoan Kiem district had the highest increase, from about VND 110 million to VND 120 million/m2.

However, private houses in non-CBD districts such as Nam Tu Liem, Bac Tu Liem, Hoang Mai, Long Bien, and Ha Dong had a stronger increase than the central districts, up 13-16%. Specifically, from 2015 to 2018, private houses in Bac Tu Liem district increased by 16%, from below VND 60 million/m2, up nearly VND 70 million/m2; In Long Bien district, prices increased by 13%, from around VND 57 million/m2 to nearly VND 65 million/m2.

As of the second quarter of 2019, the price of private houses in some districts such as Cau Giay, Dong Da, Thanh Xuan and the price of street houses in some districts such as Hoan Kiem, Hai Ba Trung and Ba Dinh had slight fluctuations. 

Thus, it can be seen that both the townhouse and private housing segments in Hoan Kiem district are holding the strongest increase when this is the largest cultural and commercial center district of the Capital.

According to Infornet