The latest survey from Batdongsan.com.vn shows that in the Vinhomes Smart City metropolis (Tay Mo ward, Hanoi), the selling price and actual transaction price have increased by an average of 150 - 350 million VND/unit in the past month.
Accordingly, 1-bedroom+ apartments in the Sapphire subdivision have increased in price from 3.1 - 3.2 billion VND to 3.3 - 3.5 billion VND/apartment. The 2-bedroom, 1-bathroom apartment also recorded an increase from 3.6 - 3.7 billion VND/apartment to 3.8 - 4 billion VND/apartment. 2-bedroom+ apartments increased from 4 - 4.2 billion VND to 4.2 - 4.4 billion VND/apartment. Similar increases have also occurred in the Tonkin, Masterise and Imperia subdivisions in the same urban area.
At the An Binh Plaza project, the selling and transaction prices also increased significantly. The 2-bedroom, 1-bathroom apartments with a 50-year tenure, which were previously offered for sale at VND3.3 - 3.5 billion/unit in February 2025, have now increased to VND3.6 - 3.8 billion/unit. For apartments with an area of about 55m2, a structure of 2 bedrooms, 1 bathroom and long-term ownership, the asking price after Tet ranges from 4.3 - 4.4 billion VND/unit, currently advertised at 5 billion VND/unit, commonly between 4.6 - 4.7 billion VND/unit. The 3-bedroom apartment line in this project also recorded a similar increase.
At Home City, 2-bedroom, 2-bathroom apartments with an area of over 70m2 have increased in price from 200 - 350 million VND/unit, from 6.2 - 6.3 billion VND/unit (early May 2025) to 6.5 - 6.7 billion VND/unit.
Meanwhile, the Hanoi Center Point project with the 2-bedroom, 2-bathroom product line also recorded a price of over 6 billion VND/unit, with no more apartments remaining at 5.7 - 5.8 billion VND/unit as after Tet.
Data from Batdongsan.com.vn shows that apartments continue to be the type of real estate that attracts the most attention in the Hanoi market. This is the only segment to see a 9% increase in searches compared to the previous month. However, the total trading volume has not yet reached an explosive level compared to the same period last year because buyers are still cautious and observing the market.
Mr. Tran Minh Tien - Director of the Center for Market Research and Customer Insight (One Mount Group) - commented that the current developments in the secondary market show that cash flow is clearly shifting from underliverable land products to the apartment segment that has been handed over. Stability, rental ability, quality of life and complete legal documents are factors that help transferred apartments maintain their appeal.
Mr. Tien believes that if the recovery momentum continues to be maintained in the coming quarters, secondary apartments will continue to play a pivotal role in maintaining liquidity for the entire real estate market in 2025.
According to Dr. Tran Xuan Luong - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation, the real estate price level in the first and second quarters of 2025 has been pushed up too high, exceeding previous forecasts, pushing the market into a state of potential liquidity risks.
"Investment cash flow will have strong selection. Products that are capable of creating cash flow, clear legal documents and reasonable prices will be a safe choice in the current context. However, the number of projects that fully meet these criteria is still very limited" - Dr. Tran Xuan Luong said.
