According to a survey by Lao Dong Newspaper reporters, in the primary market, apartment prices in some projects in suburban districts of Hanoi are very high, exceeding 100 million VND/m2, some projects are approaching 100 million VND/m2.
In Dong Anh district, a metropolis with dozens of high-end apartment buildings, Vinhomes Global Gate Co Loa urban area in Dong Hoi commune, is under construction and being offered to the market at an average price of 90-120 million VND/m2. According to the plan, the high-rise subdivision of the project has 11 high-end apartment buildings, of which 6 are invested by Masterise Homes and 5 are invested by MIK Group.
Currently, Masterise Homes has offered apartments at the Masteri Grand Avenue project (Masteri Co Loa Dong Anh) to the market with an average price of 90-120 million VND/m2 - the highest price in the suburban districts of Hanoi to date, even higher than many high-end apartment projects in the inner city of Hanoi.
Ms. Linh - a broker selling apartments at the Masteri Grand Avenue project - said: "The selling price of apartments depends on the area, location of each apartment and the payment policy chosen by the customer. If the home buyer pays early, they will enjoy a preferential discount policy, the selling price of many apartments is only under 90 million VND/m2. Apartments with good locations will cost around 110-120 million VND/m2,...".
The broker also said: “The investor opened the project for sale on October 22 and many customers have already made purchases. Currently, the investor is applying an attractive incentive policy, with discounts of up to 17.3% and 0 VND interest support. Customers who take out a home loan will only have to pay interest after 6-10 months of receiving the handover.”
According to the plan, Masterise Homes will invest in 6 apartment buildings at Vinhomes Global Gate. In the immediate future, the investor will deploy 2 buildings first, providing about 1,780 apartments to the market. After officially opening for sale building S1, the investor is currently preparing to launch a basket of apartments in building S2 in this project.
Meanwhile, MIK Group - the investor and developer of 5 luxury apartment buildings in this project is also introducing Imperia Co Loa apartment to the market. Currently, the real estate market has appeared information inviting and accepting bookings (pre-reservations) for apartments with prices from 90-110 million VND/m2 with a preferential interest rate policy of 0% until August 2028.
In other areas such as Ha Dong and Gia Lam, some projects have selling prices approaching 100 million VND/m2 such as QMS Top Tower at the intersection of To Huu and Vu Trong Khanh, which is the border between Nam Tu Liem and Ha Dong districts, with an average selling price of 70-85 million VND/m2 for normal apartments; 95-98 million VND/m2 for corner apartments in beautiful locations.
Or The Senique Hanoi project located in Vinhomes Ocean Park urban area in Gia Lam has an average selling price of 70-80 million VND/m2.
Commenting on the current selling prices and liquidity of apartments, Ms. Nguyen Hoai An - Senior Director of CBRE Vietnam - said that most of the newly opened projects are located in existing urban areas with high prices. In addition, the selling prices are at a high level partly because of the large investment demand, the cash flow is still pouring into products serving the real housing needs in the center. Therefore, market liquidity is still maintained positively.
