The potential for suburban apartment development in major cities

DNHN - Suburban apartments are increasingly favored in large cities due to the rapid development of these areas. This not only opens up many opportunities for the real estate market but also meets the housing needs of urban residents.

Suburban apartments are emerging as an important development trend in major cities like Ho Chi Minh City and Hanoi. The continuous expansion of suburban areas and the upgrading of transportation infrastructure have created favorable conditions for the development of apartment projects here. This not only addresses the housing shortage in central areas but also presents attractive investment opportunities for real estate investors.

According to data from Batdongsan.com.vn, real estate prices did not decrease in the second quarter of 2024. Compared to the same period in 2023, apartment prices in Hanoi increased by an average of 31%, land prices rose by 19%, private houses increased by 32%, and villas rose by 18%.

In May 2024, many projects in Hanoi recorded significant price increases. For instance, the SUD - 143 Trần Phú project (Văn Quán, Hà Đông) increased by 68%, currently priced at around 42 million VND/m². The Sparks project (Dương Nội, Hà Đông) also increased by 55%, with prices around 40 million VND/m². The Royal City project (Nguyễn Trãi, Thanh Xuân) increased by 46%, now priced at 72 million VND/m².

Meanwhile, according to a report from DKRA on the apartment market in the southern region, including Ho Chi Minh City and surrounding areas, six projects were launched in May. Of these, two were new projects, and four continued previous sales phases, collectively offering 1,327 apartments. Although new supply decreased by 17% compared to the previous month, it was still 3.4 times higher than the same period in 2023.

DKRA reported that new supply was mainly concentrated in Ho Chi Minh City and Bình Dương. The neighboring provinces did not record any new supply in the month. Ho Chi Minh City accounted for 78% of the new supply, primarily luxury apartments in the eastern part of the city. In May, 817 apartments were sold, a 5.9-fold increase compared to the same period last year.

One of the key factors driving the development of suburban apartments is the lower investment cost compared to central areas. Land prices and construction costs in suburban areas are often cheaper, helping to reduce apartment prices and allowing more people to own homes. At the same time, this price reduction also opens up opportunities for investors to seek higher long-term profits as property values increase.

Additionally, the development of amenities and services in suburban areas is being emphasized. Apartment projects not only provide comfortable living spaces but also integrate amenities such as shopping centers, schools, hospitals, and parks to meet the increasing demands of residents. Investment in social infrastructure and public services will increase the value of apartment projects and attract more residents.

However, to ensure sustainable development, careful consideration is needed in urban planning and management. Rapid development can lead to pressure on infrastructure and the quality of life for residents. Therefore, authorities and investors need to closely coordinate to ensure harmonious and effective development of suburban apartment projects, thereby improving the quality of life and promoting the long-term development of major cities.

Suburban apartments in Ho Chi Minh City and Hanoi are being developed in strategic locations with advantages in infrastructure and transportation. Strong investment in roads, bus lines, and urban railway projects has created favorable conditions for connecting suburban areas with city centers. This not only enhances convenience in travel but also supports residents in living and working.

A prominent feature of suburban apartments is their generally lower prices compared to central areas. This opens up opportunities for more people to own homes in these areas. Additionally, suburban apartment projects often integrate many amenities such as playgrounds, parks, swimming pools, gyms, and supermarkets, creating a convenient and complete living environment for residents.

With the real estate market booming, suburban apartments in Ho Chi Minh City and Hanoi offer a variety of sizes, designs, and amenities. This not only enriches the options for buyers but also opens up attractive investment opportunities with the potential for value appreciation in the future. Investors can take advantage of this opportunity to seek sustainable profits.

Overall, suburban apartments are attracting attention from both residents and investors thanks to their convenient locations, reasonable prices, and diverse amenities. The rapid development of these areas not only creates significant opportunities for the real estate market but also meets the demand for housing and investment, making a positive contribution to the comprehensive development of major cities.

Nhan Ha