Recently, the selling price of villas and townhouses in Hanoi has increased again due to the rising price of apartments. While apartment prices continue to break the peak, the villa segment has also established a new price level with selling prices reaching billions of VND/m2, the highest level on the market so far.
According to a survey by Lao Dong Newspaper reporters, at Vinhomes Green Bay Me Tri Urban Area (Nam Tu Liem, Hanoi), some villas are priced at up to 1 billion - 1.4 billion VND/m2. According to research, when villas and townhouses were launched on the market, the primary price of low-rise subdivisions in this project was around 150 - 250 million VND/m2 depending on location.
Currently, after more than 5 years of handover, secondary transactions at the project are still taking place with strong price increases. The common price of villas in this project is at 500 - 700 million VND/m2. Villas in prime locations cost up to billions of VND/m2.
The trend of increasing villa prices does not only occur locally in one project, many other villa, townhouse, and townhouse projects also have high selling prices, up to 750 - 850 million VND/m2 such as Starlake Urban Area (Tay Ho, Hanoi). Some villa and low-rise projects such as Diplomatic Urban Area in Xuan Dinh (Bac Tu Liem District, Hanoi), or Him Lam Van Phuc Urban Area in Ha Dong District, many villas are also sold at prices of 400 - 500 million VND/m2.
Experts predict that in the coming time, villa prices will continue to increase, even in the period of market prosperity, the villa and land segment will replace apartments, becoming the most interested type of market with good profitability.
Forecasting the market trends and real estate segments in the coming time, Mr. Nguyen Quoc Anh - Deputy General Director of PropertyGuru Vietnam - commented that from the second quarter of 2025 to the end of the fourth quarter of 2025, the real estate market will move towards a period of prosperity, investors will pay more attention to investment demand and the price increase of products. Segments with good price increase potential such as land and project villas will therefore receive special attention from investors.
Sharing the same view, Mr. Nguyen Van Dinh - Vice President of Vietnam Real Estate Association - said that villas and townhouses will continue to increase in price in the coming time when supply continues to be scarce. However, prices will increase slowly and sustainably, there will not be price waves like in the recent past.
According to the Hanoi real estate market report for the third quarter of 2024 by Savills, the number of transactions in the villa and townhouse segment increased sharply by 194% quarter-on-quarter and 223% year-on-year, reaching 326 units, and the absorption rate in the quarter increased by 30% quarter-on-quarter, reaching 48%. This is the consecutive increase of this segment over the past 3 years.
Regarding selling prices, in the third quarter of 2024, secondary prices of villas and townhouses increased and were higher than the primary market. Secondary prices of villas were 13% higher, up 3% quarter-on-quarter; townhouses increased 4% quarter-on-quarter, 20% higher than primary prices.
