Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn - said that Batdongsan.com.vn data provides remarkable information about the real estate market in the first quarter of 2025. Accordingly, the number of searches for apartments for sale in March 2025 compared to February 2025 in both Hanoi and Ho Chi Minh City increased by 13%. Meanwhile, the number of posts on this platform has increased by 20% in Hanoi and 30% in Ho Chi Minh City.
The selling price of apartments in the two cities continues to increase, with the average price in Hanoi is 63 million VND/m2 and in Ho Chi Minh City is 59 million VND/m2. Over the past three years, the apartment rental price in both markets is relatively stable, fluctuating around 13 million VND/unit. Notably, with this common average price, the apartment rental capacity in Hanoi and Ho Chi Minh City is decreasing, from more than 4% in the first quarter of 2023 to 2.8% in the first quarter of 2025.
Meanwhile, unlike the Hanoi market, the selling price of apartments in the center and suburbs of Ho Chi Minh City is not too different, mainly ranging from 30 to 60 million VND/m2, with a few prices nearly 100 million VND/m2.
According to data of batdongsan.com.vn, in March, the number of land search Hanoi increased sharply, at 52%, in Ho Chi Minh City increased by 31% and in other provinces, 54% compared to February 2025. Meanwhile, the popular land price in March in Hanoi in Hanoi increased by 42%, in Ho Chi Minh City increased by 7% and in other provinces, up to 67% compared to January 2023.
It can be seen that the number of searches and land prices in all markets have increased after Tet, especially in Hanoi and other provinces outside of Hanoi and Ho Chi Minh City.
According to the survey, Hanoi consumers are interested more in suburban land (projects, residential land), while Ho Chi Minh City consumers are more interested in land near the center.
Land in the Northern provinces recorded a large growth rate in March 2025. Compared to the first quarter of 2023, in the first quarter of 2025, land prices in Hung Yen increased by 55%, Bac Ninh increased by 46%, Hanoi increased by 42%, Hai Phong increased by 21%... Price fluctuations in the southern provinces were less severe, Dong Nai increased by 30%, Binh Duong increased by 25%, Ho Chi Minh City increased by 5%...
Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn - commented that the differentiation in the North - South land segment continues, with the North allocating more and higher prices than the South.
With news about provincial mergers, the reaction in the regions with the most differentiation and interest comes from the Northern provinces. According to each province, Binh Duong is the leader, followed by Vinh Phuc, Ninh Binh, Thai Binh, Bac Ninh provinces...
In the South, only districts near Ho Chi Minh City have grown strongly in search of the land segment. However, selling prices have not recorded strong fluctuations in these areas.
Meanwhile, most northern provinces have large fluctuations in interest rates and prices have also grown strongly with continuous fluctuations. In March 2025, Hai Duong is the province with the strongest fluctuations in land prices, up 100% compared to January 2023. Some other provinces also recorded significant growth, including Bac Giang (80%), Hung Yen (75%)...
In the Central region, the Quang Nam region also has strong growth in interest in the coastal area bordering Da Nang. At the same time, selling prices in Da Nang recorded growth. Accordingly, in March 2025, land prices in Cam Le district increased by 80%, Lien Chieu district increased by 75% and Hoa Vang district increased by 50% compared to January 2023.
