Lao Dong reporters' records in recent days show that the segment of villas and townhouses in Hanoi districts such as Ha Dong, Hoai Duc, Nam Tu Liem, Long Bien, Hoang Mai... has recently been showing an upward trend in price.
Notably, on many real estate trading floors, information has appeared about selling a villa and townhouse in Nam Tu Liem district with an area of over 300m2 for about 435 billion VND, more than 1.4 billion VND/m2, making many investors dizzy.
Meanwhile, in some urban areas in Tay Ho district, single villas with an area of over 340 square meters are being sold for 500-600 million VND/square meter, depending on location.
In the Ciputra urban area (Tay Ho district), there are also many villas with prices of hundreds of billions of VND. For example, a single villa with an area of 336 square meters is being sold for 205 billion VND, equivalent to more than 609 million VND/square meter.
Data from the Ministry of Construction shows that the average selling price of some villa and townhouse projects in the third quarter of 2024 increased compared to the second quarter of 2024, ranging from 7-10% depending on the project and area.
Savills Vietnam's Hanoi real estate market report for the third quarter of 2024 shows that the number of transactions in the villa and townhouse segment increased sharply by 194% quarter-on-quarter and 223% year-on-year, reaching 326 units, the absorption rate in the quarter increased by 30% quarter-on-quarter, reaching 48%. This is the consecutive increase of this segment over the past 3 years.
Regarding selling prices, in the third quarter of 2024, secondary prices of villas and townhouses increased and were higher than the primary market. Secondary prices of villas were 13% higher, up 3% quarter-on-quarter; Townhouses increased 4% quarter-on-quarter, 20% higher than primary prices.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - commented that the reason for the sharp increase in the price of townhouses and villas in recent times is due to the scarcity of supply, while people's demand is increasing. Accordingly, not only new projects but also projects that have been abandoned for many years have seen sharp price increases.
Mr. Nguyen The Diep said that the adjustment of secondary prices of adjacent and villa segments may happen in the near future but will only decrease slightly. Because most of the investors in this segment are people with stable financial capacity and the goal of holding and investing in the long term.
