The Ministry of Construction said that although apartment supply in the third quarter of 2025 improved compared to previous quarters, selling prices still escalated due to high input costs, scarce land funds and slow legal progress.
According to the Ministry of Construction, the country currently has 1,779 housing projects under implementation with a scale of more than 842,000 apartments, lots and land, of which the apartment segment alone accounts for more than 306,000 apartments.
In the quarter, 78 projects were completed, adding about 17,200 new apartments to the market. However, the number of individual apartment and house transactions only reached more than 32,000 successful transactions, down 7% compared to the second quarter, reflecting the cautious psychology of buyers when the price level increased.
In Hanoi, the primary selling price of apartments in the third quarter of 2025 increased sharply, reaching an average of 95 million VND per square meter. More than 43% of new supply has prices exceeding VND120 million/m2.
Some outstanding projects recorded record high prices such as Lancaster Legacy 149 million VND/m2, Heritage West Lake 140 million VND/m2, Discovery Complex 115 million VND/m2 and Vinhomes Global Gate ranging from 110-130 million VND/m2.
In the high-end segment, many projects such as Sun Feliza Suites Cau Giay or Starlake Tay Ho Tay are being offered for sale from 130 to 180 million VND/m2, establishing a new price level for the central area of the capital.
The Ho Chi Minh City market is no less vibrant with the average primary selling price reaching 91 million VND/m2, of which some central area projects reached 150 million VND/m2.
Projects such as The 9 Stellars are priced at 76-92 million VND/m2, Paris Hoang Kim 88-95 million VND/m2, while luxury projects such as The Metropole Thu Thiem or The Opusk Residence are advertised for sale at 180-290 million VND/m2.
The Ministry of Construction assessed that the scarcity of new supply, along with the progress of implementing key infrastructure projects such as Metro Line 1, Ring Road 3 or Thu Thiem 4 Bridge, has contributed to pushing apartment prices to unprecedentedly high levels.
In other major cities, the price level still tends to increase slightly. In Hai Phong, apartments range from 40 to 59 million VND/m2, while in Da Nang, the selling price of mid-range and high-end projects increased by about 7% compared to the previous quarter, reaching 60-74 million VND/m2 at F.Home. Can Tho also recorded prices from 30 to 57 million VND/m2 depending on the segment.
In addition to price movements, the inventory of apartments in the market tends to increase. According to statistics from 22 localities, the amount of real estate in stock reached more than 26,700 units, of which apartments alone accounted for about 6,300 units, an increase of 37% compared to the second quarter. This shows that although prices continue to increase, purchasing power has not fully recovered, especially in the mid-high-end segment.
In the face of sharp increases in housing prices, on October 7, 2025, the Prime Minister issued Official Dispatch No. 190/CD-TTg, requesting the Ministry of Construction and localities to urgently implement solutions to increase supply, reduce housing prices and stabilize the real estate market.
The Ministry of Construction is also studying a mechanism to control and curb price increases, and at the same time proposing a Government Resolution on breakthrough development of social housing, aiming to complete 100,000 units in 2025 and an additional 70,000 units in 2026.
