Hanoi is about to have 37,000 new apartments, but the price of 1.5 billion VND is still difficult to buy

Anh Tuấn |

According to a representative of the Ministry of Natural Resources and Environment, in the past, people with 1-1.5 billion VND could buy an apartment in Hanoi, but now it is very difficult because prices have increased dramatically.

At the 2025 real estate market seminar organized by Dan Viet Newspaper on February 11, from 2025, real estate supply is forecast to be more abundant than last year, helping housing prices stagnate.

Mr. Nguyen Van Dinh - Vice Chairman of the Vietnam Real Estate Association, said that the new supply in Hanoi is estimated to reach 37,000 products this year, and about 18,000 units in Ho Chi Minh City. However, the mid- and high-end segments still dominate, while affordable commercial housing projects are unlikely to appear.

"People can access social housing because this supply will improve positively this year," Mr. Dinh said.

Mr. Le Van Binh - Deputy Director of the Department of Land (Ministry of Natural Resources and Environment) said that the housing segments have recorded a sudden increase in the past two years.

It is now very difficult to find an apartment project priced under 50 million VND per square meter in the center of Hanoi. Most projects in the districts have increased to more than 70 million VND per square meter. Even old apartments and collective houses have been pushed up 1.5-2 times in price compared to before.

"In the past, with 1-1.5 billion VND, people could buy a house, but now it's very difficult," said Mr. Binh.

Mr. Binh also said that to answer the question of whether to buy a house or not, one needs to put oneself in the buyer's shoes. If one is an investor, the common mentality is to buy when the price is high. If one is a home buyer, one will wait for the house price to "cool down" and when it is within one's budget, one will immediately pay.

"I suggest that people with low and middle incomes should take advantage of buying a house about 15-20km away from the city center at the present time, which would be the most suitable answer," said the Deputy Director of the Land Department.

Anh Tuấn
TIN LIÊN QUAN

3 low -cost social housing projects with 855 apartments are about to break up

|

Phu Lam Social Housing Project, Thach Ban Housing Area, Ha Dinh Social Housing (Hanoi) have been eligible to sell 855 apartments.

Xuan Son was awarded an apartment in Hanoi by the Chairman of Nam Dinh team

|

The Chairman of the Nam Dinh Steel Club presented Nguyen Xuan Son with a luxury apartment in Hanoi. Two players Van Vi and Van Toan received 500 million VND.

Series of projects opening for sale, advantages for apartments to dominate the market

|

In 2025, Hanoi will have at least 12 apartment projects open for sale, so experts believe that the apartment segment will still "dominate" the real estate market.

Social networks are becoming potential forces

|

According to the Standing Committee of the Secretariat Tran Cam Tu, social networks are becoming a potential power force for the ideological life of millions of people.

What is the status of the first gold enterprise on the stock exchange

|

Lao Cai - Due to the failure to extend the mining license at Minh Luong gold mine, the stock price of Lao Cai Gold Joint Stock Company decreased sharply.

Russia warns of serious consequences when NATO sends troops to Ukraine

|

Russian authorities continue to warn of serious consequences when NATO deploys troops to Ukraine, including the risk of leading to a full-scale war.

Mercedes driver causes accident in Ho Chi Minh City, one person dies

|

HCMC - Regarding the case of a female Mercedes driver causing a series of accidents at Thu Duc intersection, Gia Dinh People's Hospital informed that 1 victim had died.

4 prime lands are about to be built into modern urban areas in Ho Chi Minh City

|

HCMC - 4 land plots located in prime locations in Thu Duc City and Tan Phu District will be reclaimed to develop 4 modern urban areas according to the TOD model.

3 low -cost social housing projects with 855 apartments are about to break up

Thu Giang |

Phu Lam Social Housing Project, Thach Ban Housing Area, Ha Dinh Social Housing (Hanoi) have been eligible to sell 855 apartments.

Xuan Son was awarded an apartment in Hanoi by the Chairman of Nam Dinh team

Thanh Vũ |

The Chairman of the Nam Dinh Steel Club presented Nguyen Xuan Son with a luxury apartment in Hanoi. Two players Van Vi and Van Toan received 500 million VND.

Series of projects opening for sale, advantages for apartments to dominate the market

ANH HUY |

In 2025, Hanoi will have at least 12 apartment projects open for sale, so experts believe that the apartment segment will still "dominate" the real estate market.