According to the latest statistics from Batdongsan.com.vn, in Hanoi, the number of investors looking for land in the first quarter of 2024 tends to increase by about 30% compared to previous quarters.
Notably, in areas where the Ring Road 4 Project passes through such as Soc Son, Me Linh, Thanh Oai, Dan Phuong districts (Hanoi), depending on the area, the transaction volume increased from 10 - 20% compared to the months of the third quarter of 2024.
Mr. Le Bao Long - Strategy Director of Batdongsan.com.vn - predicts that in 2025, the land segment will be the type of property that will be strongly affected because it will also be affected by the regulation prohibiting the subdivision and sale of land in 105 cities and towns.
Sharing the same view, Mr. Pham Duc Toan - General Director of EZ Real Estate Investment and Development Joint Stock Company (EZ Property) - said that from the second quarter of 2025, the provincial real estate market in general, and the land segment in particular, will achieve better liquidity and be more vibrant.
According to experts, the real estate market in Hanoi is bustling, with prices in most segments increasing dramatically. Meanwhile, real estate markets in the provinces are still quite quiet.
Analyzing the investment in apartments in 2025, Mr. Nguyen Quoc Anh - Deputy General Director of PropertyGuru Vietnam - informed that the Hanoi real estate market is in the early stages of recovery after a difficult period. Many investors are looking towards types with solid legal status and cash flow such as apartments.
Many real estate experts also commented that Hanoi apartment prices are still on an upward trend in the short term, at least from now until mid-2025. In the long term, with the Government's solutions such as developing social housing and removing legal obstacles, real estate prices will be controlled and kept stable.
Ms. Nguyen Hoai An - Senior Director of CBRE Vietnam branch in Hanoi - said that the selling price of apartments in Hanoi will continue to increase.
During the last 3 months of 2024, new supply will record more than 10,000 units, bringing the total number of newly opened apartments for sale in 2024 to nearly 30,000 units, nearly 3 times the number of apartments opened for sale in 2023, the highest supply in the past 5 years, expected to focus on the high-end segment.
According to Ms. Nguyen Hoai An, there will be more luxury projects launched for sale by the end of 2024, continuing to push up primary prices in the last quarter of the year. In addition, secondary prices will continue to increase in the context of abundant primary supply, but with a more stable increase.
