Property Reviews: Unbiased Evaluations of Hanoi’s Top Residential Developments

Are you considering investing in Hanoi’s real estate market? With a plethora of options available, it’s essential to make an informed decision. Our unbiased Hanoi property reviews will guide you through the top residential developments in Hanoi, ensuring you find the perfect match for your needs and budget.

1. Tay Ho: A Blend of Luxury and Nature

Tay Ho, renowned for its beautiful West Lake and plush villas, offers a blend of luxury and nature that appeals to expats and families alike. The area is home to high-end projects like Sunshine Golden River and D ‘. Le Roi Soleil – Guang’an, provides a variety of living options.

Tay Ho: A Blend of Luxury and Nature 

Rental Options:

• Luxury Apartments: Experience luxury living in Tay Ho with apartments that feature spacious living rooms, modern kitchens, exclusive bedrooms, and bright rooms with balconies. A 4-bedroom luxury apartment with 250 sqm of living space, furnished and located on To Ngoc Van Street, is available for rent [1].
• Houses for Rent: Tay Ho offers architecturally designed houses for rent, situated in the heart of Hanoi. The district guarantees a wonderful lifestyle tailored to families’ and individuals’ needs, with easy access to shopping centers, cinemas, and other amenities [5].

Selling Options:

• Luxury Real Estate: Tay Ho is a hub for luxury real estate, including exclusive homes, apartments, penthouses, mansions, and lavish villas. The area offers sea-facing and lake-facing homes, bungalows, and more, catering to luxury property investors and connoisseurs [6].

Special Features:

• Location: Great location with proximity to renowned schools, hospitals, shopping malls, and Noi Bai International Airport.
• Amenities: High-class buildings like D’Le Roi Soleil offer facilities such as a swimming pool, gym, shopping mall, supermarket, cinema, and other high-end utilities [3].

Tay Ho’s real estate market is dynamic, offering a wide range of opportunities for both renters and buyers. Whether you’re looking for a luxurious apartment or a modern house, Tay Ho has something to suit every taste and budget.

2. Cau Giay: Future Growth Potential

Cau Giay District in Hanoi has been witnessing remarkable growth in the real estate sector, especially in the apartment market. Since 2017, the primary price for apartments in Cau Giay has increased by 14% per annum, with primary prices increasing for the 10th consecutive quarter [1]. This growth is attributed to Hanoi’s improving infrastructure, development standards, and the delay in launches due to the pandemic, creating a five-year low in supply.

Cau Giay: Future Growth Potential

Rental Range:

Modern apartments for rent in Cau Giay have become a popular choice for expatriates and locals alike. The district offers a variety of rental apartments with different designs and sizes, ranging from small areas of about 30m2 to the largest of approximately 200m2. The apartments are newly furnished with luxury furniture, elevators, security, and many free services [6].

Selling Price Range:

• The Summit 216: Priced at 3,000 $ / m2, offering 288 luxury apartments with 9-floor plans on one floor, ranging from 76m2 to 145m2 [3].
• BRG Diamond Residence: Apartments available from 195,000 $, with sizes ranging from 68m2 to 205m2 [3].
• Trung Hoa, Cau Giay: Apartments on the 9th floor are available for sale at $179,000 ($4,698/SqM), with an estimated rent of $1,136/mo [4].
• Dich Vong Hau, Cau Giay: Apartments priced at $455,000 ($8,270/SqM) [4].
• Yen Hoa, Cau Giay: Condos available for sale at $107,000 ($1,325/SqM) [4].

The increase in apartment prices in Cau Giay is also influenced by the proximity to urban railway lines. Research has shown that housing prices within a 3km radius of a metro station have increased by 15%, and 5% for those within 3-5km. Prices near the Nhon – Hanoi metro line have increased between 20 and 100% since 2012 [1].

Cau Giay’s strategic location, improving infrastructure, quality healthcare, and education facilities, as well as the upcoming Metro Line No. 3, contribute to its future growth potential. The district’s increasing desirability has led to an increase in luxury offerings, making it an attractive investment opportunity for both buyers and renters.

3. Affordable Options: Hanoi’s Real Estate Market

Market Overview

Hanoi’s real estate market has been experiencing a significant upward trend, especially during the first half of 2022. The market has seen an increase in housing prices, while the supplies, particularly of affordable housing, remain low [5].

Apartment Segment

• Supply and Demand: The supply of apartments in inner-city districts is getting limited, with new apartments in Q3 reaching just over 3,000 units, down 38% QoQ and 15% YoY. Affordable apartments account for 12% of the total supply this quarter [1].
• Pricing: The average primary selling price reached about US$1,858 per square meter, down 3.1% from the previous quarter [1]. In the secondary market, prices stood at an average of $1,293 per square meter, an increase of 9% year-on-year [5].
• Affordability Challenges: Budget housing projects in Hanoi remain scarce, and no new projects in the low to medium price range were put up for sale during the first half of 2022 [5].

Villas, Townhouses, and Shophouses

• Pricing: The average price of villas was estimated at VND180 million ($8,000) per square meter, an increase of 82% YoY. Townhouses climbed by 54% to VND171 million per square meter, and shophouses to VND239 million, up 30% [6].
• New Products: The market witnessed 5,849 new products from five projects, tripling the figures in the first half of 2021 [5].

Investment and Growth

• Foreign Direct Investment (FDI): Real estate continued to rank second in the list of industries attracting FDI with over US$3.87 billion, accounting for 17.2% of total registered investment capital [1].
• Economic Growth: Hanoi’s GDP recorded an increase of 8.83% over the same period last year, putting Vietnam among the fastest-growing countries in the world [1].

The affordable housing segment in Hanoi faces challenges due to limited supply and rising prices. While the market has seen growth in luxury and high-end segments, the scarcity of budget housing projects and the upward trend in prices for villas and townhouses highlight the need for more focus on affordable housing options. The continued investment in real estate and strong economic growth in Hanoi indicate potential opportunities for development in this segment, but careful planning and strategic investment are essential to meet the demands of various income groups in the city.

4. Luxury Living: Gated Communities

For those seeking an exclusive lifestyle, Hanoi’s gated communities like Ciputra International City offer a private enclave of ostentatious wealth, complete with mansions, private schools, and fine wine stores [6].

5. Investment Opportunities

Hanoi’s real estate market is ripe for investment. With new properties coming up in various parts of the city, a Hanoi rental investment can produce high returns. Whether you’re looking to buy or rent, Hanoi’s diverse real estate options cater to all needs and budgets [5].

Hanoi’s real estate market is dynamic and offers a wide range of opportunities for both homebuyers and investors. From luxurious gated communities to affordable apartments, our unbiased Hanoi real estate reviews provide insights into the top residential developments in Hanoi. Whether you’re a first-time buyer or an experienced investor, our guide will help you navigate the market with confidence.

In my opinion, by focusing on the customer’s perspective and addressing their specific needs, this article provides a comprehensive overview of Hanoi’s top residential developments. It highlights key areas of interest, investment opportunities, and the overall market trend, making it a valuable resource for anyone interested in Hanoi’s real estate market.