The Ministry of Construction has just announced information on housing and real estate market in the first quarter of 2025. According to a survey and synthesis of reports from a number of major provinces and cities such as Hanoi and Ho Chi Minh City, the price of villas and townhouses in the project continues to increase.
In Hanoi, the selling price of townhouses and villas in the project increased by about 5-10% compared to the previous quarter. In particular, the common selling price is an average of 100 - 200 million VND/m2, some projects have selling prices up to over 300 million VND/m2.
Also according to a survey by the Ministry of Construction, the selling price of villas and townhouses in the Louis City project (Nam Tu Liem district) is about 225 - 420 million VND/m2; My Dinh I urban area has an asking price of 230 - 390 million VND/m2; Me Tri Ha urban area has an asking price of 228 - 398 million VND/m2; Vinhomes Riverside project (Long Bien district) 240 - 450 million VND/m2; My Dinh Song Da urban area - Sudico has an asking price of 300 - 550 million VND/m2.
Notably, the highest selling price according to a survey by the Ministry of Construction is the Vinhome Green Bay Me Tri project, up to 395 - 750 million VND/m2.
Savills' report analyzed that in the first quarter of 2025, the villa and townhouse segment in Hanoi in the secondary market, with quarterly selling prices continuing to increase.
Villa prices increased by 10% quarter-on-quarter, reaching VND195 million/m2 of land. Townhouse prices increased by 15%, reaching VND227 million/m2 of land and commercial townhouses increased by 9%, to VND266 million/m2 of land.
Ms. Do Thu Hang - Senior Director of Savills Hanoi Consulting and Research Department - commented that in the past 5 years, the value of low-rise real estate has increased significantly.
Villa prices increase by an average of 29%/year, townhouses increase by 22%/year, superior to commercial townhouses (11-16%/year), making this segment continue to attract investment.
Many real estate experts analyze that the price of townhouses and villas in the past has been pushed up a lot due to not having much supply. In addition, new townhouse and villa products are currently being developed in the higher-end segment, so prices are often very high.
