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and in Cau Giay and Tu Liem dis-
tricts is increasingly being sought
for new high-end serviced apart-
ment buildings to meet the rising
demand of foreign renters. According
to property consultants, the area, also
known as My Dinh, is becoming the
new CBD of Hanoi, attracting corpo-
rate clients to this very dynamic, up
and coming area that offers improved
infrastructure over the more traditional
inner-city zones.
Christopher Piro, associate director
of Vietnam Sotheby’s International Re-
alty, told
Timeout
that the office market
in Western Hanoi has been growing
significantly, with over 100,000m2 of
space coming onto the market over the
past year alone.
“As the office market shifts to the
west end and most blue chip or multi-
national companies relocate to western
Hanoi, so will most foreign rental ten-
ants as their most critical consideration
is the proximity of their home to their
workplace,” Piro said.
Furthermore, he believes western
Hanoi has become increasingly attractive
thanks to its rapid urban development
and infrastructure: “Surrounding facilities
and the ease of transportation to other
major destinations, including the airport,
hypermarkets and other provinces have
been influential factors for this move.”
The area is particularly popular with
Korean and Japanese, who are living in
Go
west
My Dinh area in the west of Hanoi is becoming a preferred choice of expats
who are looking for a home beyond the traditional areas of Ba Dinh and Tay
Ho districts.
Bich Ngoc
reports
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