VinCity Sportia, a property project located in Hanoi’s western area, has been given permission to sell apartments to foreigners in Viet Nam. The project is the first real estate project this year to receive a license from the Hanoi Department of Construction.
The news has caught the attention of the expatriate community in the capital, including individual investors, medium and large investment funds and foreign businesses, especially those from South Korea and Japan, due to the project’s central location and high-quality.
VinCity Sportia is a dynamic and smart city located on Thang Long Avenue in Tay Mo Ward in the Nam Tu Liem District that will cover an area of 280 hectares. As a smart urban area it features modern planning and will be connected by the #5, #6 and #7 metro lines when they are completed. The development also has a full system of schools, hospitals and trade centers integrated into the development plan to meet the needs of residents.
The western part of Hanoi is rapidly being developed into a new business and residential center in Hanoi. Within a six-kilometer radius, VinCity Sportia boasts access to key administrative agencies, offices, cultural and sports centers. This part of the city also has the highest concentration of foreigners who are senior experts and personnel from Europe, Japan, South Korea and the United States.
With a construction density of only 14.7%, the project stands out with a fully equipped utility system with the highlight being Southeast Asia’s largest sports park. When completed, the sports park will have more than 1,000 training machines, 200 sports grounds, eight parks for roller skating, mountain biking and kayaking; eight indoor and outdoor swimming pools and more than 60 playgrounds for kids.
Luu Thi Anh Xuan, CEO of Vinhomes JSC said that VinCity is respected by foreign customers for its growth potential and that, “With a prime location with full convenience and synchronous and smart planning, VinCity Sportia will be a place of luxury living and an attractive investment channel for the community and foreign investors in Ha Noi in 2019.”