In the past 3 years, despite being abandoned, a series of shophouses in Area A of Geleximco urban area on Le Trong Tan dual carriageway, An Khanh, Hoai Duc, Hanoi have increased in price 3 times.
Located right next to Le Trong Tan dual carriageway, most of the basement areas of these shophouses are flooded all year round. Judging by the traces of moss and water seepage, the flooding has been going on for many years.
The townhouses here are designed with 4 floors and 1 basement. The stagnant water reaches all the way up to the basement.
Some shops that have rented on this route have to use steel panels to prevent water from entering the basement, causing flooding and avoiding affecting business operations.
According to a survey, townhouses on Le Trong Tan dual street in Geleximco area A cost about 330-350 million VND/m2. This price has increased nearly 3 times compared to the level of more than 100 million/m2 in 2021.
Currently, a townhouse with an area of over 300 square meters is being sold for over 100 billion VND.
Although degraded, abandoned, and expensive, the number of these townhouses for sale is currently very small.
Many million dollar houses have signs for rent all year round but have no guests.
Some houses have now found tenants at quite cheap prices, only from 30-50 million VND/month.