According to Lao Dong reporters, the selling price of old apartments in central districts of Hanoi is attracting the attention of people and investors.
For example, at an old apartment on Pham Hung Street (Nam Tu Liem District), the apartment type of over 50m2 is still priced from 3.99.4 billion VND/apartment. The apartment type of over 70m2 still maintains the asking price at the end of 2024 at 5.2-5.5 billion VND/apartment.
Both in Nam Tu Liem district, 2-bedroom and 2-bedroom apartments in apartments in Me Tri ward (Nam Tu Liem district) are still maintaining the asking price from the end of 2024 at 4.6-4.7 billion VND/unit.
An apartment on Cau Giay Street (Hanoi) has an asking price of VND4.5-5.7 billion for a 2-bedroom, 2-bathroom apartment, depending on the area.
At an apartment located in Dong Da district, the selling price of a 2-bedroom, 2-bedroom apartment that is maintaining a common price level before was about 4.7 billion VND/apartment.
Not only that, many apartments in Hanoi have increased in price compared to before.
For example, Ecolife Tay Ho apartment (Tay Ho district) has a selling price of about 72 million VND/m2, Sunshine Garden (Hai Ba Trung district) has a selling price of about 54 million VND/m2, Chelsea Park - Cau Giay has a selling price of about 62 million VND/m2, Trang An Complex (Cau Giay district) has a selling price of about 70 million VND/m2, Legend Tower (Thanh Xuan district) has a selling price of about 72 million VND/m2.
Mr. Tran Hoang - a real estate broker in Hanoi - informed that the selling price of apartments in inner-city districts is being advertised at about 4-5 billion VND/unit, exceeding the payment level and financial capacity of many families.
Mr. Hoang hopes that the information about social housing projects being implemented has made many people expect and have the mentality of waiting for housing prices to decrease in the coming time.
However, 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 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.
Sharing the same view, Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that in 2025, apartment prices will hardly tend to decrease.
Experts say that supply from social housing projects is likely to increase in 2025. Meanwhile, the supply of affordable commercial housing is still absent in the real estate market. Therefore, the price level of apartments in Hanoi will hardly tend to decrease, only maintaining a flat or slight price increase.
