After the Lunar New Year 2025, apartment prices in Hanoi and Ho Chi Minh City have been slightly adjusted. According to data from Batdongsan.com.vn, the average selling price in Hanoi in the first half of February 2025 was 62 million VND/m2, down from 63 million VND/m2 in January 2025. In Ho Chi Minh City, the average price also decreased from 60 million VND/m2 to 57 million VND/m2.
Although the decrease is not large, this is a signal showing the stagnation of housing prices after a long period of continuous increase. According to a survey by Lao Dong Newspaper reporters, secondary apartment prices in Hanoi in February 2025 tended to decrease slightly in some projects.
Typically, in the A14 Nam Trung Yen apartment complex (Cau Giay district), apartments with an area of 75 80m2, the previous price ranged from 3.6-3.7 billion VND/unit, currently reduced to 3.5-3.6 billion VND/unit; Hanoi Center Point project (Thanh Xuan district), apartments with an area of 78-85m2, the previous price ranged from 4.1-4.2 billion VND/unit, currently decreased to 3.9-4.0 billion VND/unit; Handiresco Complex project (Bac Tu Liem district), apartments with an area of 76-82m2, the previous price ranged from 3.8-39.9 billion VND/unit, currently decreased to 3.6-8.8 billion VND/unit.
Similarly, the HomeCity project (Cau Giay district), apartments with an area of 74 80m2, the previous price ranged from 3.9-4.0 billion VND/unit, currently down to 3.7-8.8 billion VND/unit; the Central Field project (Cau Giay district), apartments with an area of 79-86m2, the previous price ranged from 4.2-4.3 billion VND/unit, currently down to 4.0-4.1 billion VND/unit; for Bac Ha Tower (Ha Dong district), apartments with an area of 80-88m2, the previous price ranged from 3. 3-3.8 billion VND/unit, currently down to 3.5-3.7 billion VND/unit.
Meanwhile, many projects have kept prices stable. At An Binh City project (Bac Tu Liem district), apartments with an area of 72-76m2, with prices ranging from 4.9 billion VND/unit, unchanged compared to the end of 2024; Vinhomes Ocean Park project (Gia Lam district), apartments with an area of 63.6m2 are currently priced at 2.9 billion VND/unit. Apartments with an area of 46.5m2 still have a price of 2.3 billion VND/apartment, unchanged from the end of 2024.
At the Goldmark City project (Bac Tu Liem district), apartments with an area of 86m2 continue to be traded at 5.65 billion VND/apartment. Apartments with an area of 93m2 still maintain the price of 6.26 billion VND/unit; Sunshine City project (Bac Tu Liem district), apartments with an area of 98m2 still maintain the price of 7.79 billion VND/unit. Apartments with the same area but with an internal market view continue to be advertised for sale at 6.75 billion VND/apartment.
In reality, although selling prices are trending sideways, the demand for real estate, the number of listings and rental is still high. This shows that the market is showing positive signs.
A report from Savills said that the supply of apartments in Hanoi is gradually improving. In 2025, the Hanoi market is expected to have about 25,200 new apartments, of which the B-class segment will continue to dominate with a proportion of up to 88% of total supply. From 2026 onwards, Hanoi is expected to have about 70,000 new apartments from 91 projects, mainly concentrated in the Dong Anh, Hoai Duc and Hoang Mai areas with a total supply of 52% of the market share.
Regarding the current apartment market, Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn commented: Real home buyers are mainly targeting apartments and private houses and are waiting to see if the supply is more abundant in the hope that the selling price will be adjusted to a reasonable level. For investors, they are also considering investment channels and areas. Given the complicated developments of the world market, which can bring both risks and opportunities to the domestic economy, investors need to be even more cautious.
