Hong Hac City event to explore Bac Ninh s urban transformation

The Hong Hac City urban development event, taking place on October 10, aims to discuss the shift in how real estate projects are evaluated in rapidly expanding urban areas. The event, organized by Phu My Hung Development Corporation and Nomura Real Estate Vietnam, features a presentation by Dr. Nguyen Van Dinh, who will focus on Bac Ninh's growth drivers, planning, and infrastructure's role in shaping the real estate market.

Traditionally, real estate value was assessed based on location, product offerings, and on-site amenities. However, as cities grow, infrastructure and connectivity to major economic hubs become increasingly important. Bac Ninh exemplifies this shift, evolving from an industrial center to one with expanding urban, commercial, service, and logistics functions, and strengthening connections with Hanoi and other northern economic centers.

Hong Hac City, a 197.76-hectare project in Bac Ninh city, aims to be more than just a real estate development. With nearly 28% construction density and a projected population of 27,700, the project integrates housing, education, healthcare, retail, sports, culture, landscaping, and essential services. The "multi-level connectivity" concept is applied across five dimensions: regional connectivity, infrastructure connectivity, economic connectivity, amenity connectivity, and community connectivity.

The project's master plan includes three low-rise residential subdivisions and mixed-use commercial areas, as well as high-rise residential developments. Green and water spaces, including a 17.8-hectare central park, are incorporated into the design. A partnership with EQuest Education Group will develop an education complex to accommodate around 2,500 students.

Hong Phat, the first low-rise residential subdivision, features villas and townhouses inspired by Kinh Bac culture and will begin property transfers towards the end of 2026. The event emphasizes that Hong Hac City's success lies in its ability to foster connections, economic growth, and a quality urban ecosystem, positioning itself as a component in Bac Ninh's and Hanoi's long-term development.