The news of a household near Hồ Gươm (Sword Lake) expected to receive over 400 billion VND in compensation for approximately 400sqm of land has sparked intense public interest. From the professional perspective of Sekino, this record-breaking figure is not just a headline—it reflects the true “diamond” value of land in the heart of the capital.
A “Unique” Position in the Heart of Hồ Gươm
The land, located at 63-65-67 Dinh Tien Hoang Street (Hoan Kiem District), boasts a 15-meter frontage facing the East Square and the waters. This is considered the most prestigious location within the city’s heritage core, where available land for transfer is virtually non-existent.
According to Sekino’s research, the land acquisition serves the “East Side Square and Park” project. This initiative plays a vital role in restructuring the landscape, turning the area into a modern architectural and cultural landmark.
Analyzing the $1 Billion VND/sqm Rate: Sekino’s Insight
Many have questioned: Is the 400 billion VND price tag (approx. 1 billion VND per sqm) too high? Experts at Sekino have cross-referenced this figure based on two critical pillars:
1. Alignment with the New Hanoi Land Price Frame
According to the land price frame recently approved by the Hanoi People’s Council (effective from January 1, 2026), the price for “Position 1” properties on streets like Dinh Tien Hoang, Le Thai To, and Hang Khay will peak at over 702 million VND/sqm.
However, total compensation usually includes: Specific Land Price + Support Allowances + Adjustment Coefficients. Therefore, the 1 billion VND/sqm rate received by the residents is highly consistent with the upcoming framework, demonstrating the government’s commitment to protecting citizens’ interests.
2. Real-World Market Value in the “Golden” Zone
Based on Sekino’s internal market data, the actual asking price for real estate surrounding currently fluctuates around 1 billion VND/sqm, with premium spots reaching as high as 1.2 to 1.5 billion VND/sqm. Consequently, the high consensus among residents regarding this compensation is understandable.
Capital Planning Vision Toward 2065
The land clearance on Dinh Tien Hoang Street is part of a broader strategy for central Hanoi under Decision No. 1668/2024 by the Prime Minister.
The East Side Square and Park project near, set for completion in 2026, will create a green space that harmonizes heritage preservation with sustainable urban development. As a company involved in production and manufacturing, Sekino views this as an inspiration to innovate high-quality solutions that fit the capital’s new vision.
Sekino states: “The transparency in the compensation process not only accelerates project progress but also builds immense confidence for investors in a fair and transparent real estate market.”
Conclusion
The 400 billion VND compensation near Hồ Gươm is entirely justified by its market value and future planning potential. Sekino will continue to monitor the latest fluctuations in real estate and urban planning to provide the most accurate insights to our partners and clients.
Are you interested in real estate trends or looking for premium manufacturing/production solutions in Hanoi? Contact Sekino today for expert support!
