Housing supply forecast to continue to increase strongly in 2025

Thu Giang |

According to Vars, in 2025, the supply of residential real estate will continue to grow, mainly contributed by suburban metropolises.

A recent report by the Vietnam Association of Realtors (Vars) shows that in 2025, the supply of residential real estate will continue to grow, contributed mainly by suburban metropolises.

Accordingly, the real estate supply in Hanoi and satellite cities is estimated to reach about 37,000 products, Ho Chi Minh City and its suburbs are estimated to reach about 18,000 products. The real estate supply will reduce regional differentiation, but the supply structure will still mainly be high-end and luxury products.

However, the affordable segment will improve more clearly thanks to the increase in social housing projects. In residential real estate, apartments continue to increase and maintain their leading position in supply.

Mr. Nguyen Van Dinh - Vice President of the Vietnam Real Estate Association (Vars) - analyzed that in 2025, demand for residential real estate will continue to increase along with economic development and urbanization, including both real estate and investment needs.

In particular, the affordable housing segment is still the main demand of the market. However, apartment liquidity continues to decline in the secondary market, especially old apartment products, lacking infrastructure and utilities when the transfer price is too high compared to the actual value. Housing demand continues to shift to suburban areas and tier 2 and tier 3 provinces.

Nguon cung nha o nam 2025 du bao tang cao. Anh minh hoa: Thu Giang
Housing supply is forecast to increase sharply in 2025. Illustration photo: Thu Giang

Regarding selling prices, Mr. Nguyen Van Dinh said that for the apartment segment, primary selling prices continue to be high as supply recovers strongly but is still scarce compared to demand. Secondary selling prices do not decrease but the growth rate will slow down.

For residential real estate such as villas, townhouses and townhouses, primary selling prices continue to increase due to scarce land funds and sharp increases in investment costs, especially costs related to land.

Notably, secondary selling prices at projects of large investors that have been established and have residents will tend to increase. Meanwhile, at projects that have not yet formed infrastructure and have not attracted residents, prices will continue to remain stable.

Thu Giang
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