Sunday, May 11, 2008

Hanoi mega-metropolis plan lauded

Under the mega-metropolis plan, which received the green light from Prime Minister Nguyen Tan Dung earlier this week, Hanoi will balloon to three times its current size by swallowing the whole of neighboring Ha Tay Province and parts of two others.

The expansion “will allow unified planning and development of infrastructure projects” throughout the new “Hanoi Metropolitan Statistical Area,” Associate Director of CB Richard Ellis Vietnam (CBRE) Renato Shordon said Tuesday as he released a report on Hanoi’s real estate market.

The report predicted the plan would generate an enormous amount of infrastructure construction.

Vietnam Real Estate News

Chao Vietnam Properties