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.
