STUNNED WITH HANOI VILLA FEVER: PRICE INCREASED 3-4 TIMES

The real estate market in Hanoi and surrounding areas is witnessing a dizzying increase in prices of the villa and adjacent segment, especially the projects that have been put into use. The strongest price increase can be mentioned as villas in Vinhomes Green Bay urban area (Me Tri, Nam Tu Liem).

Just over 4 years ago, the villas in Vinhomes Green Bay were sold by the investor for more than 100 million VND/m2, but now the price has reached 400-500 million VND/m2. The price of a duplex villa 150m2 has increased from 18 billion to 60 billion VND/unit.

The record of lakeside villas at Vinhomes Green Bay, which is rumored by investors, is up to 800 billion VND, but money can't buy it because these are old exclusive goods that cannot be sold.

 

 

The fever in Hanoi villas is understandable, but recently, the suburban villas such as Hung Yen and Vinh Phuc have also suddenly had a fever. Many projects that do not need to be opened for sale have sold out, investors have registered a few months ago but are empty-handed. For example, Ecopark villa (Hung Yen) has set unprecedented price records. If 3 years ago when Ecopark launched a palm island villa at a price of 20 billion VND/unit, causing everyone to say "the price is too high, now these villas have tripled to 50- 60 billion and want to buy is no longer available. Currently, the number of new villas and shophouses in Ecopark is very small. Customers with money also cannot buy because this amount of goods has been sold to previous customers. "In order to buy an Ecopark villa from the investor, customers not only need to have money but also have to have more relationships. Even customers have to accept a deposit from a year before to have their turn." , a brokerage specializing in Ecopark villas revealed.

 

 

Not only Ecopark villas, recently, investors have been whispering about the fever of Serena Valley Thanh Lanh Resort villas (Tam Dao, Vinh Phuc). Although the price is up to several tens of billions/unit, if customers do not have close relationships, they cannot buy goods from the investor.

 

 

Looking back at many areas in Hanoi, the villa fever has caused the prices of many apartments to double, even triple after just 1-2 years and increase 4-5 times in just the past 3-4 years. This shows that the cash flow of investors is favoring the low-rise and villa segments in the context that the cash flow into real estate is still very strong amid the risk of high inflation.

However, up to now, prices in many areas have increased to a "startling" level that many people do not dare to enter money. Even, many people can't help but suspect that a price level-off will last in the next few years for the low-rise segment after witnessing the double price increases in the past few years.