130 Nguyen Duc Canh Apartment Project: In-Depth Analysis of Location, Scale, and Investment Potential
In the context of Hanoi’s increasingly dynamic real estate market, especially in inner-city areas where land availability is limited, the 130 Nguyen Duc Canh Apartment project has emerged as a noteworthy option for both residential living and investment in Hoang Mai District. The project not only boasts a prime location but is also developed by a reputable investor, offering a modern mixed-use complex of apartments and commercial services.
This article, from the perspective of a real estate expert, provides an in-depth analysis of the project’s key aspects, including its strategic location, planning information, architectural structure, and selling prices, helping readers gain a comprehensive understanding before making an investment or home-buying decision.
Overview of the 130 Nguyen Duc Canh Apartment Project
130 Nguyen Duc Canh Apartment, also known as Generalexim 130 Nguyen Duc Canh Apartment, is a project developed to create a convenient living environment that harmoniously combines residential and commercial service areas.
The project was developed on land previously used as the Tuong Mai warehouse area of the company, with a total land area of 4,704 m². The official construction footprint is 2,382 m². The utilization of existing land resources demonstrates efficient urban redevelopment and meets the demand for housing development in central Hanoi.
The project developer is Vietnam National General Export-Import Joint Stock Company (Generalexim). The project was implemented under Investment Certificate No. 01121000202 issued by the Hanoi People’s Committee on August 15, 2008, affirming its legal transparency and reliability.
Construction commenced on May 15, 2009, and was completed in Q2 2012, indicating a relatively fast implementation process that adhered to the committed schedule. This is an important factor that enhances investor confidence in the developer’s capabilities.
Strategic Location in Hoang Mai District, Hanoi
One of the most important factors contributing to the value of any real estate project is its location. 130 Nguyen Duc Canh Apartment is situated in a highly regarded area in terms of transportation and regional connectivity:
Detailed Address: 130 Nguyen Duc Canh Street, Tuong Mai Ward, Hoang Mai District, Hanoi.
This location lies within a bustling residential area that has been comprehensively planned, offering maximum convenience for residents. Hoang Mai District serves as the southern gateway to Hanoi and is experiencing rapid infrastructure development, allowing residents easy access to central districts such as Hai Ba Trung and Dong Da, as well as neighboring provinces through major road networks.
The Tuong Mai area particularly benefits from its proximity to existing public and social amenities. Nearby arterial roads significantly reduce commuting time, a major advantage in Hanoi’s highly urbanized environment.
The project’s coordinates (Latitude: 20.98716164; Longitude: 105.8519821) precisely identify its location, enabling buyers to easily locate it on maps and evaluate the area’s connectivity potential. A favorable location also contributes positively in terms of feng shui and commercial accessibility.
Developer and Legal Status
The project developer, Vietnam National General Export-Import Joint Stock Company (Generalexim), is responsible for the overall development of the project. Choosing a financially capable and experienced developer is a critical factor in ensuring construction quality and project progress. The fact that the project was completed on schedule in Q2 2012 after starting in 2009 demonstrates Generalexim’s commitment.
The project was granted Investment Certificate No. 01121000202 by the Hanoi People’s Committee, serving as a strong legal foundation that guarantees long-term ownership rights and legal legitimacy for apartment buyers.
The transformation of the former Tuong Mai warehouse land into a residential and commercial complex represents a significant step in urban redevelopment, contributing to the modernization of Hoang Mai District.
Construction Scale and Building Structure
Although built on a relatively modest land area compared to large-scale developments, 130 Nguyen Duc Canh Apartment is efficiently designed to accommodate diverse usage needs:
Key Technical Specifications:
- Total Land Area: 4,704 m²
- Construction Footprint: 2,382 m²
- Building Height: 17 floors
- Parking Basement: 2 basement levels
- Commercial/Office Podium: Lower 6 floors dedicated to offices and commercial services
- Residential Units: Upper floors reserved for apartment units for sale
The mixed-use design integrating offices, rental services, and residential apartments is a modern model that maximizes internal amenities and profitability. The inclusion of two basement levels ensures ample parking space, addressing the major challenge of vehicle parking in inner-city areas.
The six commercial podium floors provide abundant on-site amenities, including shopping, dining, and essential services, enhancing the quality of life for residents without requiring long-distance travel.
Apartment Design and Unit Types
Detailed design information indicates that the project focuses on apartment sizes suitable for medium and large families. The units are thoughtfully designed to optimize functionality and natural lighting. Although the total number of apartments is not specified, the project offers two main unit sizes:
- 91 m² apartments
- 131.2 m² apartments
The 91 m² units are typically configured as two-bedroom apartments, ideal for young families or newly married couples. Meanwhile, the 131.2 m² units are likely designed with three bedrooms, catering to multi-generational families or residents seeking more spacious living environments. This diversity in unit sizes allows the project to attract a broader range of buyers.
The apartment layouts prioritize ventilation and efficient use of space, minimizing wasted areas. This is a major advantage highly appreciated by owner-occupiers.
Selling Price Analysis and Investment Potential
Apartment prices at 130 Nguyen Duc Canh range from approximately 45.41 million VND/m² to 57.4 million VND/m². This is considered competitive pricing for a completed project with clear legal documentation located in Hanoi’s inner urban area, specifically Hoang Mai District. The price reflects the project’s construction quality, strategic location, and comprehensive amenities.
Price Range Analysis:
- Lower price range (45.41 million VND/m²): Typically applies to lower-floor units or apartments with less favorable orientations.
- Higher price range (57.4 million VND/m²): Reserved for higher-floor units, apartments with attractive views, or premium layouts.
Given its near-central location and completion since 2012, the project offers high liquidity. For investors, the property still holds strong long-term appreciation potential due to the synchronized infrastructure development in Hoang Mai District. For end-users, this is an opportunity to own an apartment in a convenient location at a reasonable price compared to newly launched projects.
Investing in a completed project eliminates construction and legal risks while also enabling immediate rental income opportunities thanks to the commercial and office facilities within the podium floors.
Conclusion and Overall Assessment
130 Nguyen Duc Canh Apartment is a highly considerable option in Hanoi’s real estate market. The project not only provides quality apartments with diverse sizes (91 m² and 131.2 m²) but also benefits from a strategic location in Hoang Mai District.
The combination of residential apartments, six commercial-service floors, office spaces, and two basement parking levels creates a multifunctional complex that fully serves residents’ needs while generating sustainable added value. With prices ranging from 45.41 to 57.4 million VND/m², the project caters to both mid-range and upper-middle-income buyers.
In summary, with a reputable developer (Generalexim) and a solid legal foundation, 130 Nguyen Duc Canh Apartment represents a valuable real estate asset, offering an ideal living environment and an attractive investment opportunity in Hanoi’s southern gateway area.
Interested buyers are encouraged to conduct on-site visits and review detailed apartment information to make the most suitable decision for their needs.
