Hanoi apartment prices unlikely to plummet

Thu Giang |

Many real estate experts believe that the housing supply is increasing slightly, but the price level of apartments in Hanoi will hardly decrease sharply in the coming time and will remain stable.

A recent survey by Batdongsan.com.vn showed that the selling price of apartments in many projects did not record any price fluctuations compared to the end of 2024.

For example, at the An Binh Plaza project (Nam Tu Liem district), 2-bedroom, 1-bathroom apartments with a 50-year ownership period continue to be offered for sale at around 3.3-3.5 billion VND/apartment.

Meanwhile, apartments with long-term ownership of the same area still maintain prices from 4.3-4.4 billion VND/apartment. 3-bedroom apartments with permanent ownership, area over 80m2, range from 6-6.2 billion VND/apartment, while the type with 50-year ownership costs about 5 billion VND/apartment.

At the FLC Complex project on Pham Hung Street (Nam Tu Liem District), the offering price in early 2025 also did not change significantly.

Apartments over 50m2 maintain prices of 3.9-4.2 billion VND/apartment, while apartments over 70m2 will maintain prices from the end of 2024 at 5.2-5.5 billion VND/apartment.

Also located in Nam Tu Liem district, 2-bedroom, 2-bathroom apartments at the Golden Palace project are still being offered for sale at 4.6-4.7 billion VND/unit, unchanged from the end of 2024.

The Garden Hill project (Nam Tu Liem district) continues to maintain the price of 4.5-4.7 billion VND for a 2-bedroom, 2-bathroom apartment.

At Golden Field (My Dinh Ward, Nam Tu Liem District), the selling price of similar apartments is commonly around 4.7 billion VND/apartment. However, some apartments are sold at a lower price to 4.5-4.6 billion VND/apartment because the owners need to sell urgently.

Mot goc chung cu An Binh Plaza (quan Nam Tu Liem, Ha Noi). Anh: Thu Giang
A corner of An Binh Plaza apartment building (Nam Tu Liem district, Hanoi). Photo: Thu Giang

In addition, according to a survey conducted by Batdongsan.com.vn with brokers and trading floors, many people who want to buy a house are still in a waiting state, hoping that prices will decrease in the future. However, according to real estate experts, apartment prices are unlikely to plummet.

Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that in 2025, apartment prices will hardly decrease because the new primary supply mainly focuses on the high-end and luxury segments in large urban areas. Therefore, apartment prices will still remain high.

Although the supply of social housing may increase slightly in 2025, it is still very limited compared to actual demand. Meanwhile, according to experts, the low-cost commercial housing segment is still scarce. Apartment prices are unlikely to decrease but will remain stable.

To reduce housing prices in Hanoi, many real estate experts believe that authorities should proactively regulate supply by effectively using planning tools, adjusting planning, and allocating more clean land to help investors implement social housing projects as soon as planning is established.

Apartment prices in Hanoi are unlikely to plummet in 2025. Video: Thu Giang
Thu Giang
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