Share Land near the Red River dike in Hanoi is offered at a price of up to 50-55 million dong per sqm, nearly double from before due to the Red River urban area planning. DAN TRI/VIET NAM NEWS Hanoi property prices surge due to Red River Wed, 31 March 2021 Property prices in some areas of Hanoi have surged strongly after reports on draft planning for the Red River urban area were released in June. The Red River urban planning project aims to develop an area of about 11,000ha in 13 of the Vietnamese capital’s districts – Dan Phuong, North Tu Liem, Tay Ho, Ba Dinh, Hoan Kiem, Hai Ba Trung, Hoang Mai, Thanh Tri, Thuong Tin, Me Linh, Dong Anh, Long Bien and Gia Lam.