Officially issued to traffic by Deputy Prime Minister Truong Hoa Binh in October 2020, after more than two years of implementation, the Mai Dich – Nam Thang Long viaduct project, which was built above Pham Van Dong Street (Ring Road No 3), has brought a new look to urban traffic as well as positive signals for real estate in the Northwest of the capital.
Hanoi Ring Road No 3 from above, the point down to the Nam Thang Long Urban Area – Ciputra Hanoi
Ring Road No. 3 is one of the arterial roads connecting inner districts with Noi Bai International Airport, industrial zones as well as connecting Hanoi with the Northern provinces of Vietnam and the Red River delta provinces. The project of the Mai Dich – Nam Thang Long section of the Ring Road No. 3, Hanoi City was commenced in January 2018, with a length of 5 km including nearly 4.6 km of elevated road. The project has seen a total investment of VND 5.3 trillion sourced from ODA capital from the Japan International Cooperation Agency (JICA) and reciprocal capital of the State.
The opened route helps to exploit nearly 4.6 km of Ring Road No. 3 overhead in accordance with the expressway standards, connecting with more than 10km of highways also under the Ring Road No. 3 of Hanoi from Phap Van to Mai Dich. The project is of great importance, not only to help solve traffic congestion in the western area of Hanoi, but also to step by step complete the transport network connecting Hanoi with other provinces.
Parallel to the opening to traffic of the Mai Dich – South Thang Long viaduct, the Hanoi Government is still urgently implementing the repair of Thang Long Bridge with a total investment of nearly VND 270 billion to ensure smooth, safe and most convenient vehicle traffic.
Formerly one of the “hot spots” in traffic congestion, with a new look of a spacious avenue, Pham Van Dong Street now seems to be “transformed”. This clearly explains why the area’s housing prices have rapidly increased by 5-10% since the road was opened to traffic.
The thrust of the Mai Dich – South Thang Long viaduct project creates heat for the regional real estate market
Ciputra Hanoi is the only urban area in the inner city that is developed synchronously with international standards and has an ideal location when its two main gates lie on two main arterial roads including 10-lane Ring Road No 2 (Vo Chi Cong Street) and 12-lane Ring Road No 3 (Pham Van Dong Street) together with an “extremely convenient” prime location as the urban area is developed in the busy area of expensive Tay Ho district with a super center, Lotte Mall Tay Ho on construction and adjacent to West Lake and Red River – the two largest natural rivers and lakes in the area. All of them resonate to create a strong attraction for Ciputra-branded real estate.
TheLINK345 Ciputra Hanoi apartment complex located at the main gate of Pham Van Dong Street with a beautiful view overlooking the green golf driving range and convenient connection with internal facilities is one of the projects benefiting directly from the completion of the Mai Dich – Nam Thang Long viaduct.
According to the latest information from the Investor, The Link L5 building has been completed and handed over into operation. Currently, Ciputra Hanoi still reserves a small number of apartments available for Vietnamese and foreign customers who want to join the Ciputra Hanoi class community. For more details, please contact our Sales department at 1800 1088 or visit website: ciputrahanoi.com.vn.