Analyzing the impact of 3 metro lines on the property prices of the Imperial Smart City project.

Known as the transportation solution of the future, it has been developed in advanced countries around the world and is newly planned and constructed in Vietnam. In recent years, metro lines are expected to be a crucial leverage for increasing the property prices of the Imperia Smart City project in the near future.

Which Metro lines will pass through the Imperia Smart City project?

Located at the western trade gateway of the capital, Imperia Smart City residents not only enjoy the huge amenities of a world-class smart metropolis but also benefit from a modern transportation system with 3 Metro routes passing through bring countless benefits and amenities including: Metro line 5, metro line 6 and metro line 7. Specifically as follows:

Metro Line No. 5 Van Cao - Hoa Lac​

Of the 3 urban railway lines passing through the Imperia Smart City project, according to the latest information, line 5 will be the first Metro line to be constructed with a total capital of up to 65,404 billion VND and is expected to be implemented. Construction will begin in 2022 and be put into operation in 2026.

According to the plan, metro line No. 5 will be an urban railway line according to double-track standards, electrified, including 6.5 km underground, 2 km elevated and 29.93 km above ground with 21 buildings. Stations (including six underground stations, 14 above ground stations, one elevated station), including one station located in the middle of Thang Long Avenue, only about 1.7km from the Imperia Smart City project.

According to the route, route 5 will pass through the districts of Ba Dinh, Dong Da, Cau Giay, Nam Tu Liem district, Hanoi; Hoai Duc, Quoc Oai, Thach That districts. It is expected that the line will operate from 25 to 40 trains consisting of four to six cars, design speed of 120 km/h and 90 km/h for underground sections; Train waiting time is about 3.3 minutes/station.

Thus, this is a route that plays a very important role, helping Imperia Smart City residents connect to the city center as well as rapidly growing areas of the capital such as Hoai Duc and Quoc Oai quick and convenient way.

Metro Line No. 6 Noi Bai – Ngoc Hoi​

Metro Line 6 is planned from: Noi Bai - Phu Dien - Ha Dong - Ngoc Hoi with a total length of about 43km. This Metro line is designed to have only 1 station located about 5 minutes walk from Imperia Smart City apartment. Once metro line No. 6 is deployed and put into operation, it will help Imperia Smart City residents connect to the southern provinces of Hanoi and move to Noi Bai airport quickly, saving a lot of time. the most time.

Metro line No. 7 Me Linh - Ha Dong

Metro line 7 has a length of about 28km, planned from: Me Linh - Nhon new urban area - Van Canh - Duong Noi - Ha Dong, connecting with line 4 at Dai Mach and Tay Tuu sections, with line 6 at Duong Noi section.

This will be a means to shorten the travel time of Imperia Smart City residents to the western suburbs

Why do Metro lines help increase the value of Imperia Smart City?​

Looking at the Metro lines that have been built and operated in developed countries around the world and even in Vietnam, we can easily explain why the value of Imperia Smart City apartments will have great potential. Outstanding price increase potential when located near urban railway lines.

For example, the Helsinki metro line in Finland has a length of 21.2 km. Since the metro line was put into operation in 1982, prices of apartments near metro stations have increased by 7.5%, and real estate prices 500 - 750m from the station have increased by up to 11%.

In the same trend, in France, the selling price of real estate projects on the Nantes railway line also increased by 13 - 25% thanks to the concentration of many large offices and commercial centers.

And in Southeast Asia, typically Bangkok (Thailand), metro lines have pushed up real estate demand along these traffic routes by 6.5 - 20.55%, while in Manila (Philippines) Real estate values ​​around metro lines have a large difference from 1.6 million - 8.7 million/m2.

Having only been planned and started to be built in Vietnam in recent years, metro lines have also caused the real estate market in the areas where the urban railway passes through to establish a new price level.

Specifically, according to CBRE Vietnam's report, since metro line No. 1 in Ho Chi Minh City began construction in 2012, many apartment projects and commercial centers have been formed along this transportation route. Especially on the Hanoi Highway route in Thao Dien, Binh An and An Phu wards in District 2.

During the period 2015 - 2020, the selling price of luxury apartments on the primary market in District 2 increased by an average of 7.3% per year, exceeding the average increase of the entire market and there is still much potential for price increases in the future. future. Since 2018, house prices around the metro line on the secondary market have increased significantly as the Metro line is gradually completed, with resale prices 25-75% higher than the original starting price.

Thus, with a location adjacent to all 3 metro lines 5, 6, 7, in which metro line 5 has been planned waiting for approval and implementation, in the future the value of Imperia Smart City will continuously increase. enhanced with the completion of these metro lines.

Not only does it increase the value of the project, residents at Imperia Smart City directly benefit from the outstanding benefits of this type of transportation. With the advantage of separate moving space, not affected by other means of transport and large transport volume, metro lines provide an optimal solution for residents' daily travel.

Every morning when waking up, Imperia Smart City residents will no longer have to worry about traffic jams, being late for work, and no need to be stuck for hours on the road amid smoke and noise during rush hours, thereby saving 1 to 2 hours. every day from shortening the way home to taking care of yourself and your family.