The Hanoi People's Committee has approved the allocation of land for the G19 new urban area project, spanning over 26 ha. Trung Yen Investment and Trading Joint Stock Company serves as the investor for this development.
Out of the total area, over 2,000 sqm is designated for terraced houses, with the State collecting land use fees. The remaining area is allocated for public functions, including green spaces, ponds, and transportation infrastructure, and is not permitted for commercial business.
Trung Yen Trading Company bears the responsibility for completing all infrastructure works within the project. Upon completion, these facilities must be handed over to local authorities for management.
Under the 1/500 scale master plan, the G19 new urban area project is projected to cover an area exceeding 26 ha. This project is strategically located adjacent to the National Highway 5 extension (Hoang Sa street), Doai village, and Dong village, positioned approximately 2 km from the Vinhomes Co Loa development.
The project's master plan designates over 4.8 ha for residential development, encompassing terraced houses, villas, and apartments. Other key components include a 5,700 sqm commercial service area and a 6,400 sqm kindergarten. The remaining land will accommodate a cultural house, green spaces, a parking lot, and a lake. Once developed, this will become a modern urban area designed to house over 5,300 residents.
Late last year, Trung Yen Trading Company was one of two investors that submitted registration documents for the G19 new urban area. Established in 2010, the company has a charter capital of 300 billion VND and primarily operates in residential construction. Its portfolio includes projects such as the Smile Trung Yen Building apartment complex and the An Sinh residential area at 106 Hoang Quoc Viet.
In recent times, Hanoi has seen a significant increase in commercial housing supply, accompanied by escalating selling prices. According to real estate service firm CBRE, the total new supply of landed houses in the Capital in 2025 is expected to exceed 3,800 units, representing a substantial annual launch volume. This year, the city anticipates an additional 6,600 new units to be launched, which is over 1.7 times the figure from last year.
Ngoc Diem
