Although there are many forecasts about the possibility of stable and soon cooling down apartment prices, Lao Dong reporters show that many apartment projects in Nam Tu Liem district (Hanoi) are still being advertised for sale at high prices of nearly 5 billion VND/unit, attracting the attention of investors.
For example, at the FLC Complex apartment project (Pham Hung Street, Nam Tu Liem District), the apartment type of over 50 m2 is still priced from 3.94.2 billion VND/apartment. The apartment type of over 70m2 still maintains the asking price at the end of 2024 at 5.2-5.5 billion VND/apartment.
Both located in Nam Tu Liem district, 2-bedroom, 2-bathroom apartments in the Golden Palace apartment project (Me Tri ward, Nam Tu Liem district) are still maintaining the asking price from the end of 2024 at 4.6-4.7 billion VND/unit.
The Garden Hill apartment project (Tran Binh street, Nam Tu Liem district) has an asking price of VND4.5-4.7 billion for a 2-bedroom, 2-bathroom apartment.
At the Golden Field apartment project (My Dinh ward, Nam Tu Liem district), the selling price of a 2-bedroom, 2-bathroom apartment still maintains the previous common price level of about 4.7 billion VND/unit.
According to Mr. Tran Hoang (a real estate broker in Hanoi), the selling price of apartments in inner-city districts has been continuously increasing recently, fluctuating around 4-5 billion VND/unit, exceeding the payment level and financial capacity of many families.
Mr. Hoang hopes that the information about social housing projects being implemented has made many people expect and have the mentality of waiting for housing prices to decrease in the coming time.
Referring to this content, Ms. Do Thu Hang - Senior Director of Savills Hanoi - commented that apartment prices are unlikely to decrease in 2025 and tend to remain stable or increase slightly.
Ms. Do Thu Hang added that in 2024, the total new supply will reach 24,996 units, the highest in the past 5 years. In which, class B dominated with a market share of 97%.
In 2025, the new supply is expected to include 25,200 apartments. Group B continues to lead, accounting for 88% of future supply, large urban projects will account for 70% of the market share. Reversal
Sharing the same view, Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that in 2025, apartment prices will hardly tend to decrease.
The reason is that the new primary supply available on the market in 2025 will focus mainly on the high-end and luxury segments. Therefore, apartment prices will continue to stay high.
Experts say that supply from social housing projects is likely to increase in 2025. Meanwhile, the supply of affordable commercial housing is still absent in the real estate market. Therefore, the price level of apartments in Hanoi will hardly tend to decrease, only maintaining a flat or slight price increase.
