Apartment prices in Hanoi remain stable
The Hanoi apartment market after the Lunar New Year 2025 has not recorded any notable fluctuations in asking prices. In general, apartment asking prices are still stable compared to the time before Tet. This is in complete contrast to last year, when after Tet, Hanoi apartment asking prices continuously fluctuated - starting a period of continuous price increases in 2024.
A survey by Batdongsan.com.vn after Tet noted that the selling price of apartments in many projects did not fluctuate compared to before Tet. Accordingly, at the An Binh Plaza project (Nam Tu Liem), the selling price of 2-bedroom, 1-bathroom apartments with a 50-year ownership period still fluctuated from 3.3 to 3.5 billion VND/apartment.
With the same area, the long-term ownership apartments are still offered at 4.3-4.4 billion VND/apartment. The 3-bedroom long-term ownership apartments with an area of over 80m2 are still offered at 6-6.2 billion VND/apartment, the 3-bedroom 50-year ownership apartments are still offered at around 5 billion VND/apartment.
Similarly, at the FLC Complex project, located on Pham Hung Street (Nam Tu Liem District), the selling price of apartments after Tet has not changed significantly. Apartments over 50m2 are still priced from 3.9-4.2 billion VND/apartment. Apartments over 70m2 are still priced at 5.2-5.5 billion VND/apartment before Tet.
Also in Nam Tu Liem district, 2-bedroom, 2-bathroom apartments at the Golden Palace project are still maintaining the asking price from the end of 2024 at 4.6-4.7 billion VND/apartment. The Garden Hill project still has a price of 4.5-4.7 billion VND for 2-bedroom, 2-bathroom apartments.
At the Golden Field project, the selling price of a 2-bedroom, 2-bathroom apartment generally remains at the previous common price level of about 4.7 billion VND/apartment. However, in this project, there are about 2-3 apartments on the market that the owners need to sell urgently, so they accept to reduce to 4.5-4.6 billion VND/apartment.
In Thanh Xuan district, the selling price of Hanoi Center Point apartments with 2 bedrooms and 2 bathrooms is still the same as before Tet with the common selling price being 5.7-5.8 billion VND/apartment.
Apartments at the Gold Season project (Thanh Xuan) still maintain a price range of 8 billion VND for 3-bedroom products and around 6 billion VND for 2-bedroom products. The same price range is also happening with apartment projects in Cau Giay district such as HomeCity, Central Field, Discovery Complex, etc.
Buyers are still waiting
According to a survey by Batdongsan.com.vn with brokers and trading floors, the group of customers buying real estate are still waiting to see how prices will change after Tet.
Mr. Do Minh Cuong - an apartment broker in Thanh Xuan district - said that customers who have real estate needs have been taken care of by him since before Tet, most of them have not started looking at houses yet. The question he receives the most from customers since Tet is: "Will house prices decrease?"
According to Mr. Cuong, the transactions that occurred after Tet were concentrated entirely on apartments whose owners reduced the price by about 150-200 million VND/apartment compared to the selling price before Tet. However, the discounted prices are currently very few, most of the owners still "anchor" high prices when offering for sale.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that in 2025, apartment prices will hardly decrease, only maintain a horizontal level.
Mr. Nguyen Quoc Hung - Vice Chairman and General Secretary of the Vietnam Banking Association - shared: "In my opinion, in 2025, a warning should be issued that investors "holding" many apartments will be very risky, because if the market loses liquidity, banks will not have enough strength to support it."
