Apartment prices continue to increase sharply, making it difficult for people with good incomes to buy a house
Over the years, housing prices in large cities have been continuously climbing, the supply of affordable and mid-range products has gradually disappeared, the market has shifted strongly to high-end and super high-end products, making people's home ownership opportunities increasingly remote.
Mr. Nguyen Van Nam, a real estate broker in Hanoi, said: "The middle-income group, which accounts for the majority of society, has almost no opportunity to access housing. The current price level is beyond your ability to pay, even for those with a good income, at 20 - 30 million VND/month, it is very difficult to buy a suitable apartment".
According to the survey, in Hanoi, a series of projects are being advertised for sale at the threshold of 70 million VND/m2 or more. Berriver Jardin Long Bien about 72 - 88 million VND/m2, Vinhomes Green Bay Me Tri 75 - 100 million VND/m2, Cau Giay Center Point 82 - 102 million VND/m2, Lumi Hanoi 75 - 108 million VND/m2. In the high-end group, The Nelson Private Residences range from 120 - 180 million VND/m2, Noble Crystal at 163 - 270 million VND/m2, The Matrix One 120 - 150 million VND/m2. The Matrix Premium apartments are being offered for sale at an average of 106 - 160 million VND/m2; Hausman - FLC Premier Parc ranges from 81 - 120 million VND/m2; Sun Feliza Suites 130 - 180 million VND/m2; The Charm An Hung 72 - 87 million VND/m2; Kepler Land 80 - 90 million VND/m2; Ninety Complex about 80 - 92 million VND/m2.
In the West and the center of Hanoi, the market also recorded many high-priced projects such as Endless Skyline West Lake (Tay Ho) 120 - 165 million VND/m2, The Canopy Residences (Vinhomes Smart City) 70 - 88 million VND/m2, Kepler Land (Ha Dong) 80 - 95 million VND/m2. Dong Anh, Gia Lam, Long Bien areas focus on many mid-range to luxury projects with common prices of 70 - 140 million VND/m2.
In the third quarter of 2025, the portfolio of products launched for sale and about to be launched for sale will continue to be mainly in the high-end segment. Some notable projects include Masteri Lakeside in Gia Lam 65 - 70 million VND/m2, The Paris 60 - 65 million VND/m2, The senique 75 - 85 million VND/m2, Imperia Signature Co Loa (Dong Anh) 90 - 100 million VND/m2 and Masteri Grand Avenue in Dong Anh 95 - 120 million VND/m2.
According to the Vietnam Association of Realtors (VARS), housing prices in Hanoi, Ho Chi Minh City and Da Nang have been continuously climbing for many years, while people's income has increased much more slowly. This gap makes home buying a big challenge, even for high-income people.
Research data from the Vietnam Institute for Real Estate Market Research (VARS IRE) shows that by the end of the second quarter of 2025, the apartment price index in Hanoi, Da Nang and Ho Chi Minh City had increased by 87.7%, 69.8% and 48.3% respectively compared to 2019. The average selling price is currently at 75.5 million VND/m2 in Hanoi, 66.4 million VND/m2 in Da Nang and 77.1 million VND/m2 in Ho Chi Minh City.
Faced with the fact that housing prices are constantly hitting new peaks and far exceeding people's affordability, at the meeting of the Central Steering Committee on housing policies and the real estate market on September 22, Prime Minister Pham Minh Chinh requested relevant agencies to clarify the reasons. At the same time, it is necessary to rectify the situation of hoarding and price inflation if any.
The Prime Minister emphasized that developing social housing for low- and middle-income people is an important task to balance product structure and ensure social security.
