According to Lao Dong reporters, many apartments in 3 districts of Hanoi such as Cau Giay, Thanh Xuan, Nam Tu Liem... have recently had a slow trend in selling prices.
For example, a 2-bedroom, 1-bathroom apartment in Cau Giay district (Hanoi) was offered for sale by its owner for 4.3 billion VND, down 100-200 million VND compared to the end of 2024.
A 2-bedroom, 1-bathroom apartment in house A14 Nam Trung Yen (Cau Giay district) was once offered at 3.6-3.7 billion VND/unit, but now the price has decreased to 3.4.5 billion VND/unit.
Or an apartment in Thanh Xuan district (Hanoi) with an area of 64m2 with 2 bedrooms at the end of 2024 was advertised for sale at 5.2 billion VND, now reduced to 5 billion VND, down 200 million VND.
Similarly, 2-bedroom apartments in Nam Tu Liem district (Hanoi) at the end of 2024 had an asking price of VND3.4.6 billion, but now the asking price ranges from VND3. 2-3.3 billion, cooling down about VND200-300 million/m2.
Also in this project, 3-bedroom apartments are being advertised for sale at a slight discount from 3.7-3.8 billion VND/unit to 3.5-3.6 billion VND/unit.
Many real estate experts believe that apartment prices are stagnant and it is difficult to increase dramatically in 2025.
Therefore, many homeowners accept to sell 200 - 300 million VND lower than the previous asking price, to be able to sell quickly and get their money back early. However, in 2025, apartment buyers will be mainly real buyers. Currently, a part of investors have begun to sell goods by reducing by 300 - 400 million VND.
In fact, according to Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars), although the supply from social housing projects is likely to increase in 2025, the supply of affordable commercial housing is still absent in the real estate market.
