Similar to Ho Chi Minh City, Hanoi enjoys a rapidly developing real estate market. The most notable new urban areas are central Trung Hòa Nhân Chính, Mỹ Đình, the luxurious zones of The Manor, Ciputra, Royal City in the Nguyễn Trãi Street (Thanh Xuân District) and Times City in the Hai Bà Trưng District. With an estimated nominal GDP of US$42.04 billion as of 2019, it is the second most productive economic area of Vietnam (after Ho Chi Minh City)