According to Lao Dong, in some suburban areas of Hanoi, the selling price of many apartments in July 2025 has reached more than 60 million VND/m2.
In Hoai Duc commune (formerly Di Trach commune, old Hoai Duc district), an apartment in The Wisteria project with an area of 73m2 is being offered for sale at 4.75 billion VND, equivalent to 65.07 million VND/m2.
In Son Dong commune (formerly Van Canh commune), a 95m2 apartment is being offered for sale at 6.05 billion VND, or more than 63 million VND/m2. Meanwhile, in An Khanh commune, an apartment belonging to the Thang Long Capital project, 97m2 wide, is being offered for 4.9 billion VND.
The old Long Bien district also recorded high selling prices. In Bo De ward (formerly Ngoc Thuy ward), a 3-bedroom apartment, area 101m2, is being offered for sale at 6.15 billion VND, or more than 60 million VND/m2. Another house in the same area, belonging to Khai Son City project, with an area of 89m2, costs 5.5 billion VND, equivalent to 61.8 million VND/m2.
In Viet Hung ward (old Long Bien), apartments in the Valencia Garden project with an area of 79m2 are being offered for sale at 4.9 billion VND, equivalent to 62 million VND/m2.
Meanwhile, in O Dien commune (formerly Tan Lap commune, old Dan Phuong), a 2-bedroom apartment in the new urban area of Tan Tay Do with an area of 62m2 is being advertised for sale at 3.5 billion VND, equivalent to more than 56 million VND/m2.
According to Ms. Pham Thi Mien - Deputy Head of Market Research and Investment Promotion and Consulting Department, Vietnam Association of Real Estate Brokers (VARS), in the second quarter of 2025, Hanoi will continue to lead the country in terms of increasing apartment prices, followed by Da Nang, while Ho Chi Minh City will also record a significant increase. Compared to the original period, the average selling price in Hanoi increased by 87.7%, Da Nang increased by 69.8% and Ho Chi Minh City increased by 48.3%.
In Hanoi, the average selling price of apartments in the second quarter reached about 75.5 million VND/m2, an increase of 7.7% compared to the previous quarter. The increase is mainly due to investors continuing to offer inventories at increasing prices. Secondary prices in Hanoi also increased again when newly opened projects were priced from 75 million VND/m2 or more (including VAT and KPBT), in which some projects were offered for sale at over 100 million VND/m2, although liquidity has not improved much.
The Vietnam Association of Realtors predicts that real estate prices will continue to increase in the short term, as investors' profit expectations are still high. A large number of investors are not currently under significant financial pressure, including loan costs, so there is no incentive to adjust prices down. On the contrary, the expectation of price increases is still on the rise in the context of low interest rates, cheap cash flow continues to be pumped into the market, along with policies to promote public investment being promoted, while the supply of real estate in the appropriate price segment is still scarce.
According to Dr. Tran Xuan Luong - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation, the real estate price level in the first and second quarters of 2025 has been pushed up too high, exceeding previous forecasts, pushing the market into a state of potential liquidity risks.
"Investment cash flow will have strong selection. Products that are capable of creating cash flow, clear legal documents and reasonable prices will be a safe choice in the current context. However, the number of projects that fully meet these criteria is still very limited" - Dr. Tran Xuan Luong said.
