SCARCITY OF LAND FUNDS IN THE CITY: SUNSHINE CITY PROJECT STANDS OUT IN REAL ESTATE MARKET

The increasingly scarce land fund in the inner city while the increasing demand for housing has made new apartment products for sale, notably Sunshine City, exciting to investors.

SCARCITY OF HANOI APARTMENTS FOR SALE

According to statistics of CBRE Vietnam, in the first two quarters of the year, about 8200 new apartments for sale in Hanoi were open. Of which 3 new projects were offered for the first time to the market. It is forecast that the demand for apartments in Hanoi will increase when Hanoi's population is expected to reach 9.8 million people in 2034 (according to data from the General Statistics Office).

According to CBRE, in the second quarter of 2022, the average secondary selling price of the apartment segment was 1,293USD/m2, an increase of about 9% over the same period last year. High-end projects in some central districts, such as Hai Ba Trung, Dong Da, Ba Dinh, Tay Ho recorded an increase of over 10% yearly. Hanoi's average primary selling price is forecast to achieve an average compound annual growth rate of 8-10% through 2024.

Experts also believe that apartments in central areas always possess high investment and rental potential with substantial added value in the future, especially projects with legal completion and high liquidity.

As noted, from the beginning of the year until now, the quantity of apartment projects opened for sale in Hanoi has been decreasing, and newly launched projects are quickly sold out within a short time of opening for sale. The Sunshine City building (Nam Thang Long) is a rare project in the central area currently open for sale.

SUNSHINE CITY: "SHINING STAR" IN HANOI REAL ESTATE MARKET

 Sunshine City project is located in the complex of Nam Thang Long urban area Ciputra Hanoi; Sunshine City is becoming the most livable luxury apartment project in the capital, sought after by Ha Thanh elites.

Having luxury apartments for sale in Hanoi, Sunshine City, not only brings amenities to life but also has the potential to increase attractive value over time.

As a high-class apartment in Sunshine City built in the heart of the city, Sunshine City apartment for rent or sale receives natural sunlight and wind; residents can enjoy sunrise and sunset with a Panorama view. When night falls, the towers will be illuminated according to the light scenario, showing off the aristocratic architecture among the brightly lit walkways.

Sunshine City project will give customers a wide choice of apartments from 2 to 3 bedrooms with the most modern and luxurious design in Hanoi. The project is designed with green and environmentally friendly criteria. So all Sunshine City apartments are integrated by the investor with a balcony to direct the wind and sun into the apartment to regulate the air, save energy and create a romantic landscape right in front of the living room.

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Read more: Apartments for rent in Ciputra