The thirst for luxury real estate in central "golden land" of Hanoi
According to experts, in the context of an increasingly exhausted central land fund and scarce supply, high-end real estate projects with prime locations continue to see increasing prices.
Prices of high-end real estate in the central area soar.
The high-end real estate market in the central area is witnessing a sharp price increase.
According to surveys by real estate agents, luxury apartments in the golden areas of the capital, such as Nguyen Trai, Ba Dinh, Trung Hoa - Nhan Chinh, all have price increases ranging from VND10 - 25 million compared to the original selling price.
According to Mr. Duong Duc Hien, Director of Savills Hanoi Housing Sales Department, the number of high-class, grade-A apartments in central districts is likely to increase in the future due to the increasingly scarce supply and the exhausted land fund.
In the context of scarce supply, the number of licensed projects is low, and the price of central apartments is increasing.
An increase in the price of luxury apartments depends on the criteria of the quality in construction, utilities, and the residents living there. These factors contribute to a sustainable rent price for the project. In fact, high-end apartments for rent in central districts have a good price increase, ranging from VND15-25 million; many apartments also recorded rents of up to VND65 million/month.
The capital's real estate market is "thirsty" for high-end luxury apartments with "golden" locations such as
According to Mr. Duong Duc Hien, in 2019, the high-end real estate segment has many positive prospects due to the increasing demand for upgraded housing from higher-income households. Also, investment demand has increased sharply.
"Fever" named King Palace.
Located at 108 Nguyen Trai - the arterial road of Ha Noi, one of the rare "golden" lands in the central area, King Palace has created a "fever" for capital residents since its launch. After the topping-out ceremony was held in July 2019, apartments will be handed over to future residents in the second quarter of 2020.
It is located on the main road of Nguyen Trai, right in the area known as the financial centre of the capital. From King Palace, residents can easily access the central part or go to the most dynamic and developed areas of Ha Noi. The top cultural and trade centres are also just a step away from King Palace.
King Palace apartments have received many compliments from customers about their delicate and
Designed in a luxurious, modern style, with a flexible area from 82 - 259 m2, each apartment at King Palace is a luxurious living space, ideal for owners. As many as 90% of the customers surveyed said that King Palace impresses them, and the sample apartments of King Palace are assessed as many times more luxurious and elegant than the designed images that the developer promotes.
Besides the unique position, King Palace is also known as a symbol of prosperity, with its luxurious design and integrated "resort" standard utilities, ready to satisfy the most demanding guests, including the highest outdoor swimming pool in Thanh Xuan district, commercial - service area, Maple Bear kindergarten, restaurant, gym, etc. All of which builds a symbol of prosperity to meet the needs of luxurious and convenient living, located in the central area of the Capital.
Possessing the "gold" values of a luxury project, King Palace is a "rarity" sought by Ha Noi elites.
Located in a "prime location" and benefiting from regional infrastructure, plus the current shortage of supply, King Palace is highly appreciated by experts and investors for its ability to raise prices and credentials. Investing in apartments at King Palace is not only a haven for capital flows but also a proper profit-exploitation channel and continually increasing its value.
For more information about King Palace project, please contact:
Exclusive Distributor of the project - Century Real Estate Joint Stock Company - CenLand
King Palace – “Where Kings live”
Address: 108 Nguyen Trai, Thanh Xuan, Hanoi.