Lucrative land plots set aside for urban projects in Hanoi have been turned into temporary parking lots, football grounds and beer bars.
Taking advantage of sluggish construction, investors have leased the plots to earn some money in the context of a moribund real estate market.
Many land plots in Me Tri Commune, Tu Liem District, have become parking lots, football grounds and construction material shops.
Me Tri Street hosts a row of stagnant property projects
Land plots used as football pitches
Garages around Cau Giay new urban area
A low-roofed garage set up on a land plot planned for a real estate project
A construction material shop
Great profits from the garage
Several years ago, Cau Giay new urban area remained a wild and muddy area, however, now they have been turned into garages and small football grounds