Data from Batdongsan.com.vn shows that apartment prices in Hanoi continue to increase by 100 - 400 million VND/unit in the last months of the year.
In Thanh Xuan district, a 2-bedroom, 2-bathroom apartment at the Imperial Plaza project in August 2024 was priced at 5.2 - 5.3 billion VND/apartment, but up to now, the selling price has increased to 5.4 - 5.5 billion VND/apartment.
At the same time, the price of 2-bedroom, 2-bathroom apartments at the Rivera Park project also increased from 5.5 - 5.6 billion VND/apartment to 5.7 - 5.9 billion VND/apartment. The price of 2-bedroom, 2-bathroom apartments at the Goldseason project also increased from 5.4 - 5.5 billion VND/apartment to 5.6 - 5.8 billion VND/apartment.
In Nam Tu Liem district, 2-bedroom, 1-bathroom apartments at Vinhomes Smart City project, in August, the price of this type of apartment was offered at 3.5 - 3.6 billion VND/apartment, but now it has increased slightly to 3.7 - 3.8 billion VND/apartment.
At the Golden Palace project, the selling price of an 85m2 apartment in August was commonly at 4.7 - 4.8 billion VND/apartment, but now the asking price is over 5 billion VND/apartment. In addition, the price of a 2-bedroom, 2-bathroom apartment at Mon City apartment complex has increased from the common price of 4.1 - 4.2 billion VND/apartment to 4.3 - 4.5 billion VND/apartment. At the Sudico My Dinh project, the 57m2 apartment also increased slightly, from 3.6 - 3.7 billion VND/apartment to 3.8 billion VND/apartment.
In Cau Giay district, apartment A10 Nam Trung Yen, with 2-bedroom, 1-bathroom apartments, area of 66m2, the asking price continued to increase, from 4.6 - 4.7 billion VND/apartment to 4.8 - 5.2 billion VND/apartment. Projects A14 Nam Trung Yen, buildings B10, A6 Nam Trung Yen also recorded an average price increase of 100 - 200 million VND/apartment in the past 2 months.
Home City project apartments, 2-bedroom, 2-bathroom type, also continued to increase in price by nearly 400 million VND/apartment, from 4.8 - 5.1 billion VND/apartment to 5.2 - 5.5 billion VND/apartment.
Ms. Nguyen Hoai An - Senior Director of CBRE Vietnam branch in Hanoi said that the selling price of apartments in Hanoi will continue to increase in the coming time. The reason is that a large proportion of the current apartment supply is concentrated in the high-end segment. In addition, there will be more luxury projects launched for sale at the end of the year and push the primary selling price up in the last quarter of the year.
"Secondary prices will continue to increase amid abundant primary supply, but at a more stable rate," said Ms. An.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association said that if Hanoi apartments and other residential real estate segments continue to increase in price and there are no early intervention measures, in the long term it will cause great instability for the market and society.
Mr. Dinh recommended that management agencies should soon take measures to "clear" the way for the affordable commercial housing and social housing segments. Along with that, investors need to step up research and product development in line with trends and affordability of the majority of people, limiting the large phase difference to high-end and luxury products.
