Data of many real estate market research units shows that the supply of housing in Hanoi is no longer scarce as the beginning of 2024 but the price of the house has not shown signs of cooling down.
In 2025, with a series of sale projects, many experts predict, the Hanoi real estate market is considered to be exciting again.
For example, the Noble Crystal project is invested by Wonderland Real Estate Joint Stock Company located in Ciputra urban area (Tay Ho district). It is expected that the price of apartments is 150-270 million VND/m2, handed over in 2026.
Also in Tay Ho district, the Endless Skyline West Lake project on Vo Chi Cong street is invested by Nam Hung Joint Stock Company, with a total investment of nearly VND 1,000 billion.
The project is designed with 27 floors, 4 basements with 150 apartments. Expected selling price of apartments 95 - 120 million VND/m2, handed over in the second quarter/2025.
The Nelson Private Residences project is invested by HD Mon Group Joint Stock Company at 29 Lang Ha (Thanh Cong Ward, Ba Dinh District). The project has a scale of 27 floors, 3 basements, with 175 apartments. Expected selling price of apartments 140-150 million VND/m2, handed over in the third quarter of 2025.
Similarly, The Matrix Premium Project is located at Me Tri-Lenura intersection (Me Tri ward, Nam Tu Liem district) invested by Mik Group.
The project has a scale of 2 towers 37 and 44 floors, which will provide 990 apartments to the market. It is expected that the selling price of apartments is 90-120 million VND/m2, handed over in 2027.
The Vietnam Real Estate Brokers Association (VARS) said that in general 2024, the whole market recorded nearly 10,000 apartments costing from 80 million VND/m2 or more, increasing more than 3 times compared to the same period of the year 2023.
VARS research shows that, in order to buy an apartment in Hanoi, buyers need a minimum income ranging from 45-210 million VND/month, depending on the area.
VARS also recommends that the minimum income is recommended to buy an average price house in Hanoi about 2.3-10 times higher than the average income of the household.
In the context of continuous price apartments, Ms. Do Thu Hang - High Director of Savills Hanoi Research and Consulting Department - Evaluation, although the market grows, the difference between household income and price The house is increasingly obvious.
With the average income of a household in Hanoi about 250 million VND/year, the average price of an apartment is about 4 billion VND, people need 18 years of saving without spending to be able to buy houses.
Notably, real estate experts emphasized that, while the average income only grew by 6%/year, housing prices in the secondary market increased on average 17-20%/year, causing many difficulties , pressure for people in buying houses.
