According to the Report from OneHousing's Center for Market Research and Customer Insight, the residential real estate market in Hoang Mai district (Hanoi) in May 2025 recorded signs of excitement, especially in the land segment. Although the total trading volume decreased slightly by 12% compared to the previous month, with 299 apartments transferred, the market still maintained stability after a period of hot increase.
Land prices in Hoang Mai currently range from 150 - 260 million VND/m2, higher than the land price framework issued by the Hanoi People's Committee on December 20, 2024 (100 - 145 million VND/m2). This shows that the market has not shown any signs of slowing down, although demand has somewhat adjusted.
Hoang Mai continues to hold the position in the group of three districts with the most vibrant residential land market in Hanoi, along with Long Bien and Ha Dong. The transaction volume here is double that of Ba Dinh District (150 transactions), Hai Ba Trung (147 transactions), nearly three times Cau Giay (105 transactions) and more than five times Hoan Kiem (55 transactions).
Mr. Tran Minh Tien - Director of the One Mount Group Market Research and Customer Insight Center - commented that despite limited supply and high prices, the Hoang Mai residential land segment still attracts great attention from real buyers and investors. The reason is due to limited inner-city land funds, tight planning and complete infrastructure, especially in areas such as Linh Nam, Minh Khai, Tan Mai alley - located near major roads, Metro lines and a full utility system.
Warning of the risk of price difference between expectations and transaction realities
Although the actual market price (vacuating from 150 - 260 million VND/m2) has exceeded the city's price frame (highest 145 million VND/m2), the number of transactions of Hoang Mai residential real estate in May 2025 only reached 299 units, down 12% compared to the previous month.
This reflects the fact that price increases are somewhat accelerating compared to real demand, leading to the risk of an ever-growing price gap between seller's expectations and buyers' financial capacity.
According to One Housing, recently, there has been a phenomenon of many homeowners pushing the selling price of townhouses to double compared to last year, but then forced to reduce prices when the market did not have positive feedback. This development shows the instability in the supply-demand relationship, when the price level does not accurately reflect actual purchasing power.
Therefore, real buyers and individual investors should be cautious about surveying actual prices through reputable platforms, checking regional trading history and consulting with experienced brokers. At the same time, it is necessary to prioritize negotiations based on actual use value, location, connecting infrastructure and surrounding utilities, instead of relying on crowd psychology or virtual expectations of short-term price increases.
