Recent data from CBRE Vietnam shows that the average selling price of secondary apartments in Hanoi reached 48 million VND/m2, an increase of more than 26% year-on-year, the highest annual increase ever recorded.
For example, the price of old apartments at The Pride project (Ha Dong district) was about 28-32 million VND/m2 a year ago, but now it has increased to 50-54 million VND/m2.
At the Thang Long Number One project (Nam Tu Liem district), the selling price is fluctuating between 58-65 million VND/m2, while more than a year ago it was only 39-43 million VND/m2.
At the D'Capitale project (Cau Giay district), the current selling price is 87-90 million VND/m2, while more than a year ago the selling price was only about 54-65 million VND/m2.
Not only the apartment segment in the inner city, the price of apartment projects in the suburbs of Hanoi is also continuously increasing.
Typically, the Vinhomes Smart City project (Nam Tu Liem district) has a common selling price of 64.8 million VND/m2, an increase of 38.8% after one year. Secondary apartments at Vinhomes Ocean Park (Gia Lam district) have a price of 48.6 million VND/m2, an increase of 50%.
Referring to this content, Ms. Nguyen Hoai An - Senior Director of CBRE Hanoi branch - commented that in the secondary market, the selling price of apartments in Hanoi is gradually catching up with the price in Ho Chi Minh City, reaching an average of 48 million VND/m2 (excluding VAT).
According to the OneHousing Center for Market Research and Customer Insights, in 2024, the apartment market in major cities, especially Hanoi and Ho Chi Minh City, recorded strong growth in selling prices.
In addition to serving real housing needs, apartments have become an investment type with the highest profit rate in the market, averaging over 30%/year. By the last quarter of 2024, apartment transactions began to slow down, selling prices also remained stable but continued to stay at a high level.
Entering 2025, OneHousing predicts that the high-end and luxury apartment segment will continue to lead the real estate market in Hanoi and Ho Chi Minh City in terms of both supply and price level. This will lead to the complete disappearance of the affordable apartment segment, while mid-range apartments will become increasingly scarce.
A recent report by the Vietnam Real Estate Brokers Association shows that apartments continue to increase and maintain their leading position in supply, with supply still mainly concentrated in large investors.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - 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.
Regarding selling prices, Mr. Dinh said that for the apartment segment, primary selling prices are expected to continue to be high when supply recovers strongly but is still scarce compared to demand. Secondary apartment prices will not decrease but the growth rate will slow down.
