With 1 billion dong can buy a house in which area in Hanoi?

I am 37 years old, from Nam Dinh, graduated from a university in Hanoi and have been working for more than ten years in the city. My wife and I have been married for 7 years and have a young son. We are still staying. The rental house is quite cramped, mysterious and unstable because sometimes the landlord has to take back the house or increase the price, so we have to move again. Therefore, my wife and I have always dreamed of having a small house of our own.

After many years of saving, my wife and I have about 1 billion VND in hand. We also thought about buying an apartment or a small piece of land to temporarily house a house to live in. However House and soil price is escalating too fast, 1 billion dong is hard to find a suitable place to live.

I work for a construction company in Ha Dong, and my wife works in Cau Giay. My wife and I prioritize finding places within a 10km radius of my wife’s workplace, and I’m a man who travels around, so it’s okay to go far.

My wife and I have been looking for some small plots of land about 20-30m in Thanh Tri, Tay Mo, Dai Mo (Nam Tu Liem) areas, but these pieces are located deep in a small alley, not convenient for traffic. just handwritten papers, no red book or general red book.

With 1 billion dong can buy a house in which area in Hanoi? (Illustration)

Friends also introduced us to a few apartments in the housing project for low-income people in the suburbs, there are small apartments of 50-55m2, the owner sells for about 1.3 billion already. interior. However, these apartments have not had enough time to transfer to the owner’s name, but only an authorization contract. When eligible to transfer the name, the buyer must pay the land use fee calculated according to the land price list of each area, about nearly 100 million more. Because the house is a great asset, my whole life I was afraid of risks, so I did not dare to decide.

Some brokers advised me to borrow more banks and pay monthly interest to buy apartments in some newly launched projects, rather than buy houses in apartment projects. social housing or low income, the quality is not guaranteed and degrades quickly. A mid-range apartment in the suburbs costs about 30-35 million/m2, a 60m2 apartment is also about 2 billion VND including VAT and still have to do more furniture. Thus, my wife and I have to borrow another 1 billion VND from the bank. That amount is really beyond our ability because the couple’s monthly income is only about 20-25 million VND.

I am very confused as to how to choose, with which area of ​​Hanoi can I buy a house with 1 billion VND, I hope you can give me advice. I sincerely thank!

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