According to data from the One Mount Group Center for Market Research and Customer Insight in the first quarter of 2025, after a period of stagnation from the end of 2022 to the end of 2024, the low-rise real estate market in Hanoi has had an impressive recovery. Both supply and consumption have reached their highest level in the past two years, showing that this segment is gradually regaining growth momentum.
In the first quarter of 2025, the market recorded about 4,200 new low-rise apartments for sale, the highest level since 2023. This figure is 3 times higher than the fourth quarter of 2024, 14 times compared to the first quarter of 2023 and especially 24 times compared to the first quarter of 2024 - when the market was still gloomy.
This abundant supply mainly comes from Vinhomes' new projects such as Vinhomes Global Gate, Vinhomes Wonder City and Vinhomes Ocean Park 3, accounting for more than 90% of the total quarterly supply.
In parallel with the sharp increase in supply, consumption also reached about 5,100 units, reflecting the huge demand for housing and investment. In particular, related products account for 77% of total consumption, showing that this type is still the top choice of buyers thanks to reasonable prices, clear legal documents and suitability for many purposes of use.
50-year shophouse products also recorded significant interest, especially in the two existing urban areas of Vinhomes Smart City and Vinhomes Gardenia, with an average expected selling price of 240 to 330 million VND/m2.
Mr. Tran Minh Tien - Director of One Mount Group Market Research & Customer Insight Center - said that according to the supply distribution map in the first quarter of 2025, the western area (Dan Phuong, Hoai Duc) and the eastern area (Dong Anh, Van Giang) are the two main hot spots, thanks to the advantage of infrastructure being completed quickly such as Ring Road 2, Ring Road 3.5 and Ring Road 4.
It is forecasted that in 2025, new supply may reach about 7,500 units, a sharp increase compared to the period of 2023-2024. The western area of Hanoi is expected to continue to dominate, with about 60% of the total new supply this year. The allocation of projects linked to many key transport routes shows the strategy of developing infrastructure - a key factor helping the market recover firmly.
The Hanoi low-rise real estate market is showing strong signs of improvement. With the large presence of large-scale and synchronous urban areas, along with significant improvements in infrastructure, this segment is expected to continue to maintain attraction and stable growth in the following quarters.
