According to Savills Vietnam's announcement of Hanoi real estate market information for the third quarter of 2025, the average price of apartments in Hanoi has reached more than 101 million VND/m2.
Ms. Do Thu Hang - Senior Director, Research and Consulting Department of Savills Hanoi said that the Hanoi apartment market will continue to show strong resilience in 2025, supported by improved infrastructure, planning reforms and large demand. In the third quarter of 2025, new supply decreased slightly compared to the previous quarter but increased annually to 6,300 units.
The number of apartments sold reached 7,300, an increase quarter-on-quarter and year-on-year. New supply has an absorption rate of over 80%. New supply is always superior to the whole market in terms of absorption rate. This reflects buyers' preferences for newly launched projects, often with modern designs, better utilities and more flexible payment policies.
Primary selling prices continue to maintain an upward trend as the market is witnessing an increase in the supply of class A apartments. Previously, the market was mainly class B apartments, but in the third quarter of 2025, many class A projects were launched in the surrounding belt area. This helps the market share of Class A apartments increase and improve, while reducing the market share of Class B apartments. Meanwhile, the supply of Class C apartments is still limited.
In the first 9 months of 2025, apartments priced over VND4 billion accounted for the majority of the units sold, while there were no products under VND2 billion.
When Hanoi faces a limited supply of affordable apartments, the development of satellite cities may be a necessary solution to expand housing options.
At the same time, the Hanoi government is accelerating the development of social housing projects and housing for workers to address limitations in payment capacity and support more open access to housing.
"As key infrastructure projects are accelerated, housing demand is increasingly shaped by improvements in connectivity and access" - Ms. Do Thu Hang said.
In the second quarter of 2025, the market is expected to welcome a new supply of 8,900 units, mainly B-class apartments, while the more abundant supply is expected from 2026 onwards.
Along with that, in the coming time, Hanoi will also have to face competition from neighboring areas such as Bac Ninh and Hung Yen, where many apartments are expected to be launched. Specifically, Hung Yen area is considered a solution for customers looking for products at more reasonable prices. Currently, the average price of projects in Hung Yen is 40% lower than in Hanoi. Infrastructure development in external areas, especially Hung Yen or Bac Ninh, is also a solution to help increase people's assets.
