Primary apartment prices in Hanoi continue to set a new level in the first quarter of 2025, with many newly launched projects at prices much higher than before. According to a report from Batdongsan.com.vn, the interest in the Hanoi apartment market increased by 13% after Tet, the number of listings also increased by 20%.
By March 2025, the average selling price in the primary market reached 63 million VND/m2, a sharp increase compared to 39 million VND/m2 in early 2023.
A series of new projects have recorded high selling prices, in Gia Lam, Masteri Lakeside project is being advertised for sale at 65 - 70 million VND/m2; The Paris is about 60 - 65 million VND/m2.
In Dong Anh district, the Imperia Signature Co Loa project has prices from 90 - 100 million VND/m2; Tay Ho district has recorded prices such as 160 - 270 million VND/m2 at Noble Crystal.
In Nam Tu Liem and Ba Dinh, the price is also common from 90 - 170 million VND/m2. The current primary price level increased by about 5 - 10% compared to the previous quarter. However, liquidity is still at a relatively good level, with an absorption rate of 40 - 60% per sale. Some projects over 150 million VND/m2 were sold later.
Ms. Nguyen Thao, a broker in Hanoi - said that although the liquidity of the primary market is no longer as vibrant as in the same period last year, it is still at a positive level.
According to her, the main reason why many primary projects still retain their appeal is because of the products of large-scale urban areas, developed by reputable investors. These projects often come with a synchronous utility system, complete services and especially flexible sales policies, including financial support packages with preferential interest rates, creating conditions for buyers to easily access and decide to spend money.
In contrast to the price increase of the primary market, up to now, apartment prices in the secondary market are still maintaining a flat level compared to the end of last year. In Smart City (Nam Tu Liem), the lines of studio apartments, 1-bedroom apartments and 2-bedroom apartments are priced from 2 - 4.2 billion VND. Projects such as An Binh Plaza, Handiresco or Discovery Complex have almost no price fluctuations compared to the end of 2024.
Assessing the prospects for primary apartment prices in the second quarter of 2025, Ms. Do Thu Hang - Senior Director, Consulting and Research Department of Savills Hanoi - commented that the possibility of price reduction is not high, but it is unlikely that there will be a hot increase like in previous stages.
In the remaining quarters of 2025, the new apartment supply is expected to include 7,400 apartments. In which, class B continues to lead, accounting for 67%. In particular, in the second quarter of 2025, there will be projects expected to open for new sales/open for the next phase all with beautiful locations, reputable investors and high construction quality, with prices that can be around 100 million VND/m2.
Meanwhile, the primary price level is currently at an average of about 79 million VND/m2. Therefore, the possibility of primary prices falling in the second quarter is not high.
For 2026, Savills expects the primary price level to decrease when investors return to develop Class C apartment products - a segment that is almost absent today. The resupply of apartments priced under VND2 billion will help the market get closer to real demand, while creating a more sustainable balance between supply and demand.
