According to Lao Dong reporter's investigation, in Hapulico Vu Trong Phung area (Thanh Xuan district, Hanoi), the villa price is currently being advertised by many owners from 320-380 million VND/m2.
The highest price is a 141m2 garden villa with 4 floors and a 9m frontage, which is being offered for sale at 54 billion VND, equivalent to nearly 383 million VND/m2. Notably, statistics from many reputable real estate websites show that the selling price of villas here has increased by nearly 20% over the past year.
In O Cho Dua area (Dong Da district, Hanoi), Mr. Nguyen Van Trinh is also selling a villa for 27.5 billion VND, equivalent to 550 million VND/m2. This townhouse has an area of 50m2, a 7m frontage and is built with 7 floors.
In the My Dinh area, villas in The Manor Hanoi urban area are also being sold for 260-380 million VND/m2, the area of each villa ranges from 142-200m2, this price has also increased by 16.5% in the past year.
Previously, in the third quarter of 2023, statistics from the website Batdongsan.com.vn showed that the average selling price at The Manor urban area in Hanoi only fluctuated around 285 million VND/m2, now it is being sold at an average price of about 332.8 million VND/m2.
Ms. Do Thu Hang - Senior Director of Research and Consulting Department of Savills Hanoi - said that due to limited supply, the selling price of townhouses and villas in Hanoi also increased by 2-9%. Currently, the selling price of secondary villas is 8% lower than primary prices, and townhouses are about 5%.
However, Ms. Hang assessed that the villa/townhouse segment showed signs of slow recovery. From the beginning of 2024 to now, the number of transactions of the villa/townhouse segment decreased by 40% quarter-on-quarter, although it increased by 5% year-on-year, reaching 111 units, the quarterly absorption rate was only 18%. The new supply had an absorption rate of 48%, down 15 percentage points quarter-on-quarter and 3 percentage points year-on-year.
"The townhouse segment in projects has not shown signs of recovery, but prices have increased at a high level. Meanwhile, neighboring markets still have new supply with competitive prices, and demand for purchases is higher," Ms. Hang added.
Sharing with Lao Dong reporter, Dr. Tran Xuan Luong - real estate major (National Economics University) - analyzed that recently, the supply in some real estate segments is still "short of goods", especially the price increase of apartments is understandable.
Dr. Tran Xuan Luong said that the market is recovering and gradually having transactions again because the cash flow is moving towards real estate segments. This is also the reason to create confidence for investors to pour money into high-end segments such as villas and townhouses, making this market gradually warm up.
