In early November 2025, on real estate trading floors, especially the online platform Batdongsan.com.vn, information about selling private houses in the old Thanh Xuan district appeared dense.
The survey shows that a 3-storey house on Vuong Thua Vu Street (Phuong Liet Ward, Hanoi) with an area of 55m2 is being offered for sale at 16.5 billion VND, equivalent to 300 million VND/m2.
Another house is located on Le Trong Tan Street (Phuong Liet Ward), with an area of 57m2, priced at 12.9 billion VND (about 218.6 million VND/m2), including 5 floors, an alley wide enough for two cars to pass each other.
Although located in an alley, a 4-storey house on Quan Nhan street (Thanh Xuan ward) with an area of 30m2 is still being offered for sale at 7 billion VND. Similarly, another house on Nguyen Trai Street (Thanh Xuan Ward), with an area of 28m2, 5 floors, is being advertised for sale at 6.8 billion VND.
Also in this area, a 6-storey house with a 5.6m frontage and a car-hatching alley on Nhan Hoa Street is being offered for sale at VND13 billion, equivalent to VND25 million/m2.
Mr. Tran Van Duc (Hanoi) said that because he wanted to get married, he was looking to buy a private house in Thanh Xuan ward to facilitate work and life. However, with a financial budget of 5 billion VND, he had many difficulties in finding a suitable house.
"With this price, most of the houses are only small, located deep in alleys, with limited area. I am considering buying an apartment in the suburbs, although it is further away, it is suitable for my financial capacity" - Mr. Duc shared.
Real estate market data for the third quarter of 2025 from Batdongsan.com.vn shows that in Hanoi, the real estate market recorded signs of interest, selling prices continued to increase but the pace has slowed down. Specifically, the selling price in 2025 will increase by 13%, slowing down compared to the 39% increase recorded in 2024.
The private house segment increased by 63% compared to the first quarter of 2023, thanks to investment safety (43%) and the preference of Hanoi people to own private houses (41%). Land also increased by 50%, especially in the suburban and suburban areas (increased by 95% and 75% respectively). Although prices have increased, due to high speculative nature, land is still sensitive to macro fluctuations, the level of interest has not shown clear signs of recovery.
According to Mr. Tran Minh Tien - Director of the Center for Market Research and Customer Insight (One Mount Group), in 2024, the private house segment recorded a very strong price increase. Mr. Tien commented that the increase in residential land is not inferior to the apartment segment.
"In reality, it is quite difficult to find a house for residential purposes around 10 billion VND. Buyers must accept a location deep in the alley, in position 3 or 4. In our survey with One Mount's customer group, one of the reasons why they did not choose to buy real estate at this stage was because the price level was too high, said Mr. Tien.
