According to market data for the first quarter of 2025 from Batdongsan.com.vn, the level of interest in townhouses in the shopping market in March increased by 35% compared to February. During the same period, the demand for rental townhouses also increased by 14%.
Notably, the selling price of street-front houses in Hanoi is showing a strong increase. Compared to the first quarter of 2023, the average selling price in the first quarter of 2025 has increased by 30%, from 337 million VND/m2 to 437 million VND/m2.
A survey from Batdongsan.com.vn also shows a clear increase in prices of the street-front house segment, especially apartments with favorable frontage locations for business on central streets.
In Ba Dinh district, the price of townhouses on Nguyen Cong Hoan street ranges from 430 - 520 million VND/m2, an increase of 15% over the same period last year. On Cao Ba Quat Street, the selling price increased from 240 - 320 million VND/m2 to 280 - 370 million VND/m2. Ngoc Ha Street recorded an increase from 310 - 540 million VND/m2 to 360 - 620 million VND/m2. Meanwhile, Kim Ma townhouses increased from 400 - 680 million VND/m2 to 440 - 730 million VND/m2.
In Dong Da district, the price of street houses also established a new ground. Hoang Cau Street increased from 380 - 470 million VND/m2 to 425 - 516 million VND/m2; Yen Lang from 330 - 490 million VND/m2 to 370 - 560 million VND/m2; Hoang Ngoc Phach from 350 - 370 million VND/m2 to 380 - 440 million VND/m2. Although the amplitude increased lower (7 - 10%), the price at Huynh Thuc Khang street was also pushed to the new threshold, from 520 - 710 million VND/m2 to 550 - 770 million VND/m2.
In Cau Giay district, townhouse prices have increased by about 10 - 15% over the past year. In Duy Tan area, the selling price ranges from 230 - 520 million VND/m2 to an average of 265 - 580 million VND/m2. Hoang Quoc Viet Street increased from 380 - 550 million VND/m2 to 420 - 600 million VND/m2. Nguyen Van Huyen Street has set a new price, from 365 - 570 million VND/m2 to 400 - 620 million VND/m2.
Mr. Le Minh Hoang - a real estate broker in Hanoi - shared that in the first months of 2025, the number of customers interested in and asking to buy street-front houses has increased sharply compared to the end of 2024.
According to Mr. Hoang, townhouses on major roads are often of high value, ranging from a few tens of billions of VND per house, so they are more popular than houses in alleys or apartments. However, the heating up effect from the land market and large urban projects at the beginning of the year has led to an increase in selling prices and liquidity of the townhouse segment. In fact, the taste of many investors has decided to choose townhouses in central areas due to the ability to immediately exploit cash flow from renting.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - commented that despite high prices, townhouses and commercial real estate in the central area of Hanoi are always the segment sought after by investors. Accordingly, the value of real estate in the core urban area tends to increase over time due to increasingly limited supply. Compared to many other accumulated investment channels, central townhouses are still considered a stable and sustainable investment channel.
