Tran Dinh Thien, a member of the Prime Minister's Policy Advisory Council and former Director of the Vietnam Institute of Economics, said Hanoi wants to develop key transport corridors, with the western axis from Ho Tay to Ba Vi, through Dan Phuong, being the standout.

This is expected to drive explosive growth in urban development based on the TOD model (transit-oriented development centered on public transport), opening up growth prospects for western Hanoi.

With a total length of 33km, 10 lanes, and seamless connectivity between Tay Ho and Son Tay, Tay Thang Long Avenue serves as a strategic transport axis, creating strong development momentum for the entire western Hanoi area.

Recently, the bottlenecks on this avenue were resolved when the Dong Ngac Ward People’s Committee submitted a proposal to the Hanoi People’s Committee for resettlement arrangements to support land clearance for the section from Pham Van Dong to Van Tien Dung Roads. This proposal gained public support, facilitating the handover of land for infrastructure construction.

Once approved by the Hanoi People’s Committee, the land clearance for the remaining 700m section of the project could be completed by October. This sets the stage for Tay Thang Long Avenue to be completed and opened as scheduled in Q2 2026.

Le Dinh Chung, General Director of SGO Homes, noted that transport infrastructure is always a decisive factor in promoting the development and value appreciation of the real estate market, especially in major cities like Hanoi.

According to Chung, Hanoi’s urban expansion and development in recent years has been closely tied to the emergence of new arterial roads.

Ring Road 3.5 and Ring Road 4 are prime examples, showing significant increases in land prices after infrastructure plans were announced and implemented.

Interconnected roads like Le Quang Dao connecting Ha Dong or Tay Thang Long Avenue linking to Dan Phuong are reducing travel times to the city center.

“Previously, it took 30 minutes or one hour to travel to the city center; now it’s just 15-20 minutes. With easier commutes, buyers and investors are more willing to purchase properties farther from the center for more affordable prices,” Chung said.

Real estate prices surge 

According to SGO Homes, whenever a new road is announced or opened, real estate prices in surrounding areas typically rise by about 20-30 percent.

Tay Thang Long Avenue is expected to become a new “backbone” in the city’s western urban development strategy—one of the areas with the highest real estate values in Hanoi today.

“Once Tay Thang Long is completed, Dan Phuong will greatly benefit due to its abundant land reserves, which are easier to develop cohesively, creating a highly attractive satellite urban area for both housing and investment,” Chung said.

The Dan Phuong real estate market is becoming a focal point in western Hanoi, with land prices in many areas doubling in just a few months. Once an underdeveloped suburban area with untapped potential, Dan Phuong has recently attracted investors rushing to seize opportunities, seeking land and housing.

Surveys show that along routes near a “mega-project” in real estate, numerous property consulting offices have sprung up, with brokers waiting on roadsides for clients.

Tuan, a real estate broker, said land prices have surged due to a wave of investors looking to buy.

Buyers are particularly drawn to the potential for future price increases. Improving infrastructure and project progress are major advantages. Investors are also seeking scarce products to ensure profitability.

Chung believes that real estate price increases typically occur in three phases: when road plans are announced, during construction, and upon official opening. However, he cautioned that investors should thoroughly research the legal status and true potential of each project.

“Investors should avoid following the crowd blindly and carefully select products with good infrastructure and genuine demand from end-users to avoid buying properties that are hard to resell due to legal issues or low liquidity,” he said.

According to Chung, large-scale urban projects developed by major investors are often safe choices with good long-term value appreciation potential, especially when supported by comprehensive amenities and living infrastructure.

“For those investing in mega-urban projects, a 3-5 year outlook is recommended over short-term speculation for sustainable returns,” Chung advised.

Duy Anh