The Hanoi apartment market has recently recorded many new projects being introduced, in the central, western and eastern areas of the city. The common point is that the selling price is always at a high level, commonly in the high-end and super high-end projects. While real housing demand still exists, this price movement shows that the market is clearly shifting to the segment with higher value.
According to the survey, the selling price of apartments in a series of large projects is always high. Typically, the Berriver Jardin Long Bien apartment project is about 72 - 88 million VND/m2; Vinhomes Green Bay Me Tri 75 - 100 million VND/m2; Cau Giay Center Point 82 - 102 million VND/m2; Lumi Hanoi 75 - 108 million VND/m2. In the high-end group, The Nelson Private Residences range from 120 - 180 million VND/m2, Noble Crystal from 163 - 270 million VND/m2, The Matrix One 120 - 150 million VND/m2.
In the West and the center of Hanoi, the market also recorded many projects with notable selling prices: Endless Skyline West Lake (Tay Ho) 120 - 165 million VND/m2; The Canopy Residences (Vinhomes Smart City) 70 - 88 million VND/m2; Kepler Land (Ha Dong) 80 - 95 million VND/m2; The Matrix One phase 2 about 125 - 165 million VND/m2. In the eastern region, which is considered a "low-priced area", there is also a strong upward trend. The projects in Dong Anh, Gia Lam, Long Bien are mostly in the mid-high-end to luxury segment, with prices falling around 70 - 140 million VND/m2.
Adding to the market picture, many new projects are also being opened for sale at high prices. The Matrix Premium apartments are being offered for sale at an average of 106 - 160 million VND/m2; Hausman - FLC Premier Parc ranges from 81 - 120 million VND/m2; Sun Feliza Suites are priced at 130 - 180 million VND/m2; The Charm An Hung is priced at 72 - 87 million VND/m2; Kepler Land is being offered for sale at 80 - 90 million VND/m2; Ninety Complex is selling for about 80 - 92 million VND/m2.
According to the report of the Ministry of Construction, in the second quarter of 2025, the average selling price of apartments in Hanoi reached 80 million VND/m2. In the market, projects with selling prices of 60-70 million VND/m2 are gradually disappearing.
Data also shows that real estate prices across the country have continued to increase in the past two years, with the strongest increase being land with an increase of half half half and apartments with an increase of half of half compared to the first quarter of 2024.
Ms. Do Thu Hang - Senior Director of Savills Hanoi - commented that the current apartment price level is at a high level, causing real housing demand to narrow. For newly opened projects, there is still a certain gap in access to the center or densely populated areas, so buyers mainly have expectations for the potential for price increases in the future.
According to Ms. Hang, investors are still maintaining a quite positive mentality, especially in prime locations with existing or expected infrastructure. However, profit expectations during this period need to be carefully considered.
For projects with large supply and high selling prices, the ability to achieve expected profits is not easy, especially in cases where capital needs to be divested quickly or shifted to other segments.
