Hanoi apartment prices continue to increase by nearly 300 million VND/unit

Linh Trang |

Apartments continue to be the leading segment of the entire Hanoi market in July 2024.

Batdongsan.com.vn's July 2024 market data shows that, in the overall growth of Hanoi real estate , apartments continue to be the leading segment of the market.

The level of interest in the Hanoi apartment market increased by 6%, the number of postings increased by 6%. The price increase of Hanoi's apartment market is still continuing and has tended to get stronger in the last 2 months.

In Nam Tu Liem district, Hanoi apartments continue to record a strong upward trend in selling prices . Apartments with 2 bedrooms and 2 bathrooms at Mon City apartment building (Nam Tu Liem, Hanoi) have increased from 3.5-3.6 billion VND/unit to 3.7-3.9 billion VND/unit. 3-bedroom apartments at Sudico My Dinh project also increased from 4.4-4.6 billion VND/unit to 4.6-4.8 billion VND/unit. Apartments in Vinhomes Smart City urban areas recorded an average increase of 150-250 million VND/unit compared to the previous two months.

In Hoai Duc, the Gemek project increased from VND 2.7-2.8 billion for a 2-bedroom, 2-bathroom apartment to VND 2.75-2.9 billion/unit. The Golden An Khanh project also recorded an average price increase of 200 million VND/unit compared to more than a month ago.

In Cau Giay district, 2-bedroom, 2-bathroom apartments of the Home City project were offered at 4.7-4.9 billion VND/apartment, an average increase of 200-300 million VND/apartment compared to nearly 2 months earlier. Apartment prices in Nam Trung Yen, with 2 bedrooms, also increased from 2.8-3 billion VND/apartment to 3.1-3.4 billion VND/apartment.

In Thanh Xuan district, the Hanoi apartment market recorded a 2-bedroom, 2-bathroom apartment at the Gold Season project increasing from 4.2-4.4 billion VND/unit in May to 4.4 billion VND. -4.6 billion VND/unit at present. An average increase of 250-300 million VND/unit is also happening with projects such as Thong Nhat Complex, Bohemia, Hanoi CenterPoint, Times Tower, Golden Palace... in this district.

Investor Hoang Thi Van Anh, residing in Thanh Xuan (Hanoi), said that with the current Hanoi apartment market, buying or investing at this time requires careful consideration. From a personal perspective, Ms. Van Anh believes that investing in apartments at this time is very easy to "peak", which can lead to a situation of cutting losses when liquidating due to the price level being continuously pushed up illegally. reason.

Therefore, before deciding to invest, investors need to consider many important criteria such as price level in the area, rental return rate, future supply, financial costs and other factors. other risks.

Mr. Tran Quang Trung - Director of OneHousing Business Development said that it is difficult to wait for apartment products to decrease in price when input prices such as land costs, design, landscape construction, utilities... all increase. High.

"Waiting for apartment prices to decrease, especially after the law changes, I think is very difficult in the current context. In the future, in 2026 - 2027, if the supply can improve, but want to buy an apartment Cheap prices will have to accept going far, for example Thanh Tri, Phu Xuyen... In the immediate future, in 2024, 2025, 2026, I have not seen any factors that can cause apartment real estate prices to decrease" - Mr. Trung said .

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