According to Lao Dong reporters, the old apartment segment in Hanoi is showing signs of stagnation. Many owners are even looking to sell quickly at a slight discount of 100-200 million VND/apartment to find customers.
Ms. Nguyen Thi Linh (45 years old, living in Nam Tu Liem district, Hanoi) said that she is looking to sell an old apartment with an area of 50m2 for 4 billion VND. However, if the buyer is willing, Ms. Linh is willing to reduce the price by 100 million VND and leave all the furniture.
According to Ms. Linh, at the end of 2024, many old apartments here are being advertised for about 4-4.5 billion VND/unit. However, to quickly sell, owners like her are forced to lower a few prices to find buyers.
Similarly, an old apartment on Nguyen Trai Street (Thanh Xuan District) is also being sold by a Facebook account named Huu Thanh for about 200 million VND to attract buyers.
This person said that because there is no need to use it, there is a need to sell an old apartment with an area of 65m2, after reducing the price to 4.8 billion VND/unit, including furniture.
Referring to this content, Mr. Tran Hoang - a real estate broker in Hanoi - informed that apartment prices are stagnant and it is very difficult to heat up in 2025 because supply is gradually improving.
Therefore, many homeowners accept to sell 100 - 200 million VND lower than the previous asking price, to be able to sell quickly and get their money back early.
However, some opinions say that this cannot be ruled out as a method proposed by many homeowners or real estate brokers to increase attraction and attract people who are looking to buy a house.
Referring to this content, Mr. Pham Duc Toan - General Director of EZ Real Estate Investment and Development Joint Stock Company (EZ Property) - said that in the past, apartment prices were only "hot" in Hanoi due to the difference between supply and demand.
Experts predict that in 2025, apartment prices will not continue to increase. If there is, it will only be an insignificant local phenomenon. Therefore, the phenomenon of homeowners continuously pushing up prices will be unlikely to happen in the coming time. Instead, if they want liquidity, the homeowner will be forced to offer a reasonable price so that supply and demand meet.
Ms. Do Thu Hang - Senior Director of Savills Hanoi - commented that apartment prices are unlikely to decrease in 2025, even tending to increase slightly.
In 2025, the new supply in Hanoi is expected to include 25,200 apartments. Group B continues to lead, accounting for 88% of future supply, large urban projects will account for 70% of the market share.
