Inner-city real estate prices continue to increase
scarce supply, new apartment projects appear in small drops, causing the Hanoi real estate market to not escape the imbalance between supply and demand. Notably, the selling price of apartments in a series of new projects is always high, investors have almost no "room" to invest.
A survey by Lao Dong reporters shows that the price of each square meter of apartments in many projects in Hanoi is currently as expensive, even higher than a tael of gold.
Typically, Lancaster Legacy project has an average price of about 149 million VND/m2; Heritage West Lake 140 million VND/m2; Discovery Complex 115 million VND/m2; Vinhomes Global Gate 130 million VND/m2; Cau Giay Center Point 88-123 million VND/m2; Lumi Hanoi 82-112 million VND/m2; The Matrix One 120-150 million VND/m2...
In the West of Hanoi, the market also recorded a number of projects with notable selling prices such as Endless Skyline West Lake (Tay Ho) 120-170 million VND/m2; The Canopy Residences (Vinhomes Smart City) 77-99 million VND/m2.
Mr. Tran Quang Tien (a long-time real estate investor in Hanoi) was also surprised by the selling price of real estate in the center of Hanoi from the beginning of 2025 until now.
According to Mr. Tien, many apartment projects in the inner city are anchored at high prices, even townhouse products and villas with no residents in Duong Noi ward have skyrocketed, with many signs for sale at prices ranging from 13-25 billion VND/unit, depending on the location.
Suburban areas attract investors, while there is room for price increase
According to recent data from the website Batdongsan.com.vn, Hanoi is leading in real estate price growth in the period of 2021-2025, with an increase of up to 112%.
In the third quarter of 2025, the apartment segment in Hanoi will continue to be the focus, increasing prices by 95% compared to the first quarter of 2023, especially in the high-end segment in Tay Ho and Ba Dinh, where prices are commonly 130-210 million VND/m2.
The assessment of the Vietnam Association of Realtors (VARS) shows that in the secondary market, transactions and prices of low-rise products and land have also recorded a sharp increase, especially in the suburbs of Hanoi thanks to the benefits of infrastructure and a series of new projects.
Mr. Nguyen The Diep - Vice President of Hanoi Real Estate Club - analyzed that investors' cash flow is shifting, looking for potential segments in new markets.
Experts say that the group of customers with stable financial resources has begun to shift to searching for " space" in the suburbs because they have almost no opportunity to invest in the central market of Hanoi when the prices of real estate, apartment, villa, townhouse segments... all have increased too much.
