Streets in Vietnam have expensive housing prices like New York, Paris

The price of land in the central streets of Hanoi or Ho Chi Minh City is up to a billion dong / m2, equal to the land in famous cities in the world such as New York, Paris, Tokyo.

Recently, the City People’s Committee of Hanoi issued Decision No. 30/2019 / QD-UBND on adjusting land prices in Hanoi in the period of 2020-2024. According to this price list, Hoan Kiem district currently has the highest land price of nearly 188 million dong / m2, the lowest is in Ha Dong district, over 4.5 million / m2.

However, in fact, the transaction level of real estate in central districts of Hanoi is a dozen times higher, the popularity ranges from 500-800 million / m2, where the “record” is up to more. 1 billion / m2.

The 5 streets with the highest housing prices leading to the capital are in Hoan Kiem district, especially the streets around The Sword Lake. Real estate in Le Thai To street (Hoan Kiem district, Hanoi) has the highest average price, popular at over VND 1.1 billion / m2.

Other streets such as Bao Khanh, Hang Hanh, Hang Dao, Hang Bong, Hang Khay also cost up to 900-1 billion VND / m2, the price of land here is as expensive as the famous big streets in the world like New York, Tokyo, and Paris.

According to Hoan Kiem real estate agencies, about ten years ago, land on Ly Thai To street once set a record of land price in Vietnam when the listing of over 1 billion dong appeared. / m2. However, nowadays, the million-dollar streets between the center of the capital are not few.

Although real estate is highly appreciated for its convenience in selling items such as clothes and fashion watches, there is not much information about buying and selling real estate on this street by most. houses with facades are easily rented for between VND 180 million and VND 220 million per month, so there are very few transactions on the market.

Similarly to Hanoi, many neighborhoods in Ho Chi Minh City also have house prices up to over 1 billion dong / m2 or even up to 1.5 billion dong, although according to the highest list of real estate prices in Ho Chi Minh City is 162 million dong / m2. The common feature of the roads on this list is that they are located in the center of Saigon (District 1), with convenient transportation, complete infrastructure and many modern living facilities around. .

The actual survey shows that the million dollar road or land more expensive than gold in Ho Chi Minh City is Nguyen Hue Street, District 1 with an average price of 1.1 – 1.37 billion VND / m2. With a prime location right in the “heart” of the city, densely populated and extremely crowded, it is not difficult to understand when Nguyen Hue is an expensive “golden” road in Ho Chi Minh City.

Next is Dong Khoi Street, Mac Thi Buoi, Dong Du & Nguyen Thiep (District 1), street houses for sale with prices up to over 1 billion VND / m2. Roads. Some neighboring roads in Ben Nghe Ward also hang at nearly 1 billion VND / m2 like Nguyen Thiep Street.

Thanks to the attraction of tourists and leisure activities, shopping, the real estate rental market in these roads is also very exciting and super expensive price from 150-250 million / month depending on the usage area. (TTT)