Research by Lao Dong reporters shows that in Duong Noi urban area (Ha Dong district, Hanoi), many townhouses and villas with completed rough construction are being advertised for sale at prices ranging from 200-300 million VND/m2.
For example, a 202m2 villa in a corner location, built with 4 floors, is being offered for sale at a price of up to 50 billion VND (equivalent to 246 million VND/m2).
In the same area, a villa with an area of 170m2 is being offered for sale at 28 billion VND, equivalent to about 170 million VND/m2.
In Geleximco Le Trong Tan urban area (Ha Dong district), there are currently a series of rows of villas and townhouses with few residents but are being offered for sale at high prices.
A villa here with an area of 90m2 is currently being sold for 17.9 billion VND, equivalent to nearly 200 million VND/m2. While about a year before, the price of these townhouses was only about 150-170 million VND/m2.
Or another townhouse with an area of 80m2, priced at 19 billion VND, equivalent to 237 million VND/m2, the previous year's price was about 160-170 million VND/m2.
Real estate consulting firm CBRE Vietnam said that in the first quarter of 2025, it is recording the largest supply of townhouses in the Hanoi market ever.
Many villas and townhouses that have been "shelved" for many years are now being offered for sale at prices 30% higher than the same period, even double last year.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that the prices of villas and townhouses have increased sharply mainly because supply cannot meet demand. As land funds are increasingly scarce, the number of new projects is limited, and old products, even abandoned, become expensive.
Ms. Pham Thi Mien - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation (Vars) - said that the price of townhouses and villas has been pushed up very high in recent times. The reason is that the supply of this segment is not abundant.
According to experts, new townhouse and villa products are currently being developed in the higher-end segment, so prices are pushed up. The price of villas and primary townhouses has been pushed up, causing prices in the secondary market to increase. This year, the price of this segment will hardly decrease but may remain stable.
