Information from the research unit Global Property Guide - a global real estate market research unit - said that as of early February 2025, Hanoi people are spending an average of 18 million VND/month to rent a unit 2 bedrooms, more expensive than Kuala Lumpur, Jakarta or Mumbai.
According to the Global Property Guide, on the apartment for rent, Seoul (South Korea) ranked first in terms of expensive level, up to 3,500 USD (about 88 million) for 1 -bedroom apartment/month. Followed by Singapore (about 2,826 USD) and Hong Kong (China), $ 2,100.
Notably, Hanoi is ranked 11th in the price of expensive apartments in the area. The tenant must spend about 525 USD (more than 13 million) for an apartment one bedroom every month. With two -bedroom apartment, the average rent is up to 715 USD (about 18 million).
In fact, according to the PV Lao Dong, the average price of apartments for rent at Van Phu Victoria Project (Ha Dong District) at the end of 2023 only fluctuated in the range of 8.3-12.5 million VND/month. However, the current price has increased to 10.3-14.5 million/month.
In Nam Tu Liem district, the rental price of apartments in An Binh Plaza project, at the end of 2023, ranges from 10.5-15.5 million VND/month. However, at present, the average rent has increased to 11.3-18 million VND/month.
Particularly in Vinhomes Smart City urban area (Nam Tu Liem district), the rental price of 2-bedroom apartments in the buildings has handed over 2-3 years about 10-15 million VND/month, depending on interior design. With the type of studio or a bedroom, the rent here is fluctuating about 7-10 million/month.
Mr. Tran Hoang (long -term real estate brokerage in Hanoi) informed that the recent apartment rental price has been fluctuating strongly due to the increasing demand for rent.
Even many owners of apartments in the central districts of Hanoi also raise the rent from 1-5 million VND/month, increasing monthly rental profit.
According to Mr. Tran Hoang, many apartments with an area of 48m2 or more are far away from the center of Hanoi such as Thanh Tri district, which is rented from 7-12 million VND/month, instead of at the end of 2023, only about 6 -10 million/month, depending on the segment.
In the psychological report of the recent tenant of Batdongsan.com.vn information, the rental price in Hanoi capital tends to increase stronger than Ho Chi Minh City, an average of 19 million VND a month, up to, up to Late last year. Notably, this level increased by more than 10% compared to early 2024.
Meanwhile, in Ho Chi Minh City, the average rental rate of 14 million VND/month, down about 28% compared to the beginning of 2023.
Referring to this content, Mr. Pham Duc Toan - General Director of EZ Property - said that the price of apartments is increasing sharply in the past year, dragging the escalating rent.
Experts said that the high rate of litigant for rent is helping the apartment segment is chosen by many investors. Notably, in 2024, the price of apartments in many projects continuously escalated, up 40-50% after only one year.
