Accept the situation of renting a house "for life"
Recently, apartment prices in Hanoi have continuously increased sharply. According to data from the Ministry of Construction, in the first 9 months of this year, the price of primary apartments in Hanoi has fluctuated from 70 - 80 million VND/m2. With this new price threshold, low- or middle-income workers will have difficulty accessing housing.
Ms. Do Thi Bich Nguyet - a gifted teacher in Cau Giay (Hanoi) despite an income of 15-20 million VND/month, also chose a rental option to minimize costs. "I still have to rent a house in Hanoi, while the current rental price is also very high, almost no low price. Renting at a low price cannot ensure living space, development conditions and health for children".
Talking about the plan to own an apartment in Hanoi at this time, Ms. Nguyet considered it unimaginable: "It is truly a dream, too far away. If you decide to buy, it will be very difficult to weigh, measure, eat and spend to save money to buy an apartment. The price of daily food is already high, to buy an apartment with a price of 70-80 million VND/m2 is something I dare not think about".
Sharing the same opinion with Ms. Nguyet, Mr. Le Van Quy ( Ung Hoa, Hanoi): "For example, for apartment buildings ranging from 70-100 million VND/m2, with areas exceeding 100 million VND/m2, we are people who do not have enough money to buy a house".
In fact, Mr. Quy shared: "My family has had to rent a house for 30 years. I am currently 55 years old, I really hope the whole family has a stable house to live in".
According to the Hanoi Department of Construction, as of September, there have been 33 projects eligible to open for sale with more than 30,300 products, including 24,600 apartments and 5,700 low-rise apartments. However, the price level is still constantly climbing. The product structure has shifted strongly to the high-end and super high-end segments, as most investors focus on developing this product line.
Commenting on the trend of shifting investment in the housing segment, Dr. Dinh The Hien - an economic expert - said: "In reality, to develop an apartment project in Ho Chi Minh City or Hanoi, land compensation is difficult, price compensation is still high due to the continuous increase in land prices, along with procedures for applying for a license, establishing a project difficult to choose low or medium housing projects with low selling prices, low investment levels will not achieve total profits".
According to Mr. Hien, for high-end projects that require more utility designs: the ratio of garden, landscape, swimming pool, gym, reading room... the selling price will increase but the value will be better.
Apartment price forecast
Speaking at a seminar with the theme " decoding real estate capital flows and opportunities for real home buyers" of Lao Dong Newspaper on October 22, Mr. Pham Thanh Tuan - lawyer of the Hanoi Bar Association, real estate legal expert - gave an optimistic forecast for the real estate market in the coming time.
Explaining the above forecast, the representative of the Hanoi Bar Association shared: "With the mechanism in Resolution No. 201 of the National Assembly, Decree 192/2025/ND-CP and Decree No. 261/2025/ND-CP recently issued by the Government on October 10, 2025, all preferential policies for investors and home buyers have been implemented relatively synchronously. This will create a large supply for investors".
On October 19, the Government sent to the National Assembly a report on the Draft Resolution of the National Assembly stipulating a number of mechanisms and policies to remove difficulties and obstacles in organizing the implementation of the Land Law and land price policies that may change fundamentally.
Instead of determining land prices according to the surplus method as before, applying the method according to the land price list multiplied by coefficient helps to significantly reduce land use fees for investors.
From there, Mr. Tuan hopes that the decrease in land prices will create conditions for increasing the supply of social housing, along with removing legal obstacles, which will help improve supply and reduce primary market housing prices in the coming time.
