Data from many real estate market research units shows that housing supply in Hanoi is no longer as scarce as in 2024, but housing prices have not shown signs of cooling down.
In 2025, with a series of projects opening for sale, the Hanoi real estate market is expected to become vibrant again.
For example, The Ninety Complex project (90 Lang Road, Dong Da District) invested by Anh Sao Trading Company Limited has a scale of 4 basements, 27 floors above ground with 480 apartments. The expected selling price of apartments is 80-90 million VND/m2, handed over in the first quarter of 2025.
At Vinhomes Ocean Park 1 urban area (Duong Xa commune, Gia Lam district), many projects are expected to open for sale in 2025.
In particular, The Senique Hanoi project is invested by CapitaLand Vietnam with about 2,150 apartments, expected apartment price is 70-80 million VND/m2, handover in 2027.
Notably, The Lake subdivision in Vinhomes Ocean Park 1 urban area invested by Masterise Homes with a scale of about 2,500 apartments, expected apartment selling price of 74-85 million VND/m2, handover in 2027.
The Paris subdivision of Vinhomes Ocean Park 1 with about 3,000 apartments is being developed by Mitsubishi in cooperation with Vingroup, with expected apartment prices of 68-80 million VND/m2, to be handed over at the end of 2026.
According to the Vietnam Association of Realtors (Vars), in 2024, the entire market will record nearly 10,000 apartments priced at VND80 million/m2 or more, an increase of more than 3 times compared to the same period in 2023.
Referring to this content, CBRE Vietnam said that 2024 will see contrasting trends between the two key housing markets of Hanoi and Ho Chi Minh City.
Regarding selling prices, as of the fourth quarter of 2024, the selling price of apartments reached 72 million VND/m2. In 2024, the primary selling price of apartments recorded a sharp increase, up 36% compared to the same period in 2023 and 12% compared to the previous quarter. This is the highest increase recorded in the past 8 years in the Hanoi apartment market.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that many investors have changed their plans and launched their products from the fourth quarter of 2024, instead of waiting until 2025 as originally planned.
According to Mr. Nguyen Van Dinh, the whole country recorded about 56,000 products offered for sale in the primary market in 2024.
In particular, the market's revival has helped many projects release previous inventories, leading to impressive statistics that in 2024, the market recorded about 81,000 products for sale, an increase of more than 40% compared to 2023. This shows that the demand for real estate has increased again, especially housing (both for living and investment).
