Luxury apartment prices soar in Hanoi amid supply shortage
The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
Hanoi Fire Fighting and Prevention Police in coordination with Vietnam Fire Prevention and Control, Rescue and Salvage Police Department (C66), has recently conducted fire safety inspections at 10 projects and high-rise construction sites, whose designs had previously been examined and approved by C66. The inspection was carried out on almost all the districts in Hanoi.
On close examination, the inspection team found that 10 mentioned projects had finished construction but remained numerous fire-safety related problems, such as the pressurised escape routes, fire-spreading prevention measures, fire prevention and fighting system, smoke venting system.
Therefore, these sites were under-qualified and could not receive the inspection certificate to operate. The Police Department of Fire Fighting and Prevention of Hanoi tasked the investors to promptly resolve the problems and insisted that the projects should not be operated until further inspection.
10 projects which had finished construction but failed to meet fire-safety regulations are listed as follows:
No. | Names of Projects | Location | Investors |
1 | Tower C – VC2 Golden Silk | Lot CT2, Kim Van – Kim Lu (Golden Silk) New Urban Area, Dai Kim Ward, Hoang Mai District | The Vietnam Construction and Import-Export Corporation 2 (Vinaconex 2) |
2 | Block CT3, HP Landmark Tower (The Pride Commercial Services and Apartments Complex) | Van Khe Urban Area, Ha Dong District | Hai Phat Investment Joint Stock Company |
3 | Hanoi Center Point | Lot 3.7, Le Van Luong Street, Thanh Xuan District | HACINCO |
4 | Ministry of Foreign Affairs Headquarters (basement of Block A and Block Left B; mezzanine; 4th and 5th Floor of Block Left B) | No.1, Le Quang Dao Street, Me Tri Ward, Nam Tu Liem District | Ministry of Foreign Affairs Headquarters Project Management Unit |
5 | Somerset West Point Hanoi | No.2, Tay Ho Street, Quang An Ward, Tay Ho District | Vang Villa Company Limited |
6 | AZ Sky Dinh Cong (Ruby Tower Dinh Cong) | A1/CN1, Dinh Cong Ward, Hoang Mai District | World Gems Company Limited |
7 | Trang An Complex (GP Complex) | No.1, Phung Chi Kien Street, Nghia Do Ward, Cau Giay District | GP.INVEST |
8 | Block NO3-T2 | Diplomatic compound urban area, Xuan Tao Ward, Bac Tu Liem District | TASECO |
9 | Block NO2-T1 | Diplomatic compound urban area, Xuan Tao Ward, Bac Tu Liem District | TASECO LAND.,JSC |
10 | Goldmark City (Block A) | No.136, Ho Tung Mau Street, Bac Tu Liem District | Viet Han Trading - Advertising - Construction - Real Estate Co., Ltd (Viet Han Group) |
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