With the most modern and synchronous master plan in the capital, Tay Ho Tay is rising to become the most vibrant business center (CBD – Central Business District) in Hanoi.
Instead of focusing on a single central business district (CBD), Hanoi is expanding and developing in a multi-polar model. In this trend, the traditional CBD Hoan Kiem and the new CBD Tay Ho Tay are playing a prominent role, reshaping the appearance of the capital.
As the first and oldest CBD of Hanoi, Hoan Kiem is the convergence point of economic, financial, commercial, service, administrative and traditional cultural activities. This is where not only bustling economic activities take place but also the sediments and long history of the capital are deposited.
This area bears a strong historical mark with ancient architecture, high construction density and extremely scarce land fund, limited in height due to heritage law. Instead of planning modern and dynamic high-rise buildings or constructions, Hoan Kiem focuses on preserving and promoting traditional values.
According to the new land price list of Hanoi issued at the end of December 2024, a series of roads in Hoan Kiem district have the highest residential land price of more than 695 million VND/m2. The actual transaction price on the market is even higher, up to billions of VND/m2, comparable to the prime land in Paris, Hong Kong…
When the price of Hoan Kiem CBD area has almost reached its peak, customers and investors tend to look for new CBD areas such as Tay Ho Tay with the perception that there is still room for growth here.
Meanwhile, Tay Ho Tay has advantages in land fund and open space, with modern and systematic planning with the orientation of becoming a symbol of a dynamic, modern and globally integrated lifestyle. Therefore, many large enterprises and investors tend to move to Tay Ho Tay, turning this place into the new CBD of the capital.
This area concentrates on the new administrative center, financial activities, high-tech zones, international trade, global education and high-class residential areas… attracting investment flows and business and commercial activities from corporations and global-scale enterprises.
With a land fund of more than 35 hectares planned as the headquarters of 13 central ministries and branches, Tay Ho Tay is becoming the new administrative heart of the capital, expected to welcome about 17,000 officials and civil servants to work.
In addition, Tay Ho Tay has also emerged as a new technology center of the capital. The Samsung R&D Center – the largest center of the group in Southeast Asia, with an investment scale of up to 220 million USD, is the birthplace of the world’s leading technologies, which has been put into operation since 2022, attracting about 2,300 high-tech engineers.
CMC Technology Group has disbursed nearly 630 billion VND to start construction of the CMC Creative Space Hanoi technology office complex, right next to the Samsung R&D Center. The project has a total investment of 300 million USD (equivalent to about 7.800 billion VND), expected to serve about 4,800 employees.
High-quality education system from kindergarten to university, notably the prestigious inter-level school system such as: United Nations International School (UNIS Hanoi), The Dewey School, Genenis School, Kinder World, Doan Thi Diem and prestigious universities (Academy of Finance, University of Mining and Geology, National Academy of Public Administration…).
Tay Ho Tay is also the only place in the capital that gathers urban areas developed according to international standards such as: Ciputra, Starlake, Diplomatic Corps… and the Korean Embassy.
Along with that are leading commercial and entertainment complexes and a system of 5-star international standard hotels from prestigious corporations such as: Lotte Mall Tay Ho Tay, Takashimaya, Emart, Shilla Hotel, SND Hotel… with a full range of shopping, entertainment, culinary and accommodation services to meet the maximum needs of residents and tourists.
Tay Ho Tay also possesses “green lungs” that provide a fresh, open living environment that is difficult for any CBD to match, with large-scale parks such as: Hoa Binh, Huu Nghi, Ciputra, Starlake…
Foreseeing the TOD (Transit-Oriented Development) trend, urban development oriented towards public transport development, Tay Ho Tay is planned with two metro lines (metro line) No. 2 (Nhon – Tran Hung Dao) and No. 6 (Noi Bai – Ngoc Hoi); providing residents with the most modern means of public transport in the capital, shortening travel time to Hanoi’s Old Quarter in 10 minutes and connecting to Noi Bai International Airport in just 20 minutes.
Also according to Hanoi’s new land price list issued in December 2024, Tay Ho Tay continues to be the high-speed urban area with the highest land price growth rate in Hanoi, with over 113 million VND/m2, an increase of 225% after adjustment. The price increase rate is much higher than other areas, but the supply of apartments here is extremely scarce, not meeting the demand.
It is known that this area is about to launch the Jade Square project – a complex of high-end apartments and offices.
The project has a scale of 3 high-rise buildings, 26 floors above ground and 3 basements, will quench the thirst of the apartment market in Tay Ho Tay with 747 high-end apartments, meeting the needs of housing, improving living standards or profitable investment of residents and investors.
Tay Ho Tay has been affirming its position as a new and attractive CBD, a symbol of class and prosperity in the Capital. Owning real estate in Tay Ho Tay is not only an ideal choice for living in the present but also a smart investment, anticipating outstanding growth potential in the future. Tay Ho Tay is the new definition of a comfortable, modern and international standard living space.
