Although recent months have not been bustling, apartment prices in Hanoi have remained high.
According to a survey, a 64m2 house with 2 bedrooms at the Vinhomes Smart City project in mid-September 2024 was advertised for sale at around 4.2 billion VND. Up to now, the same house is being advertised for sale at prices ranging from 4.5 to 4.7 billion VND.
Or at the Thang Long Number One project, an 87m2 apartment with 2 bedrooms was advertised for sale at the end of September 2024 for 5.7 billion VND. However, the price of this apartment has now been increased to 6 billion VND.
Mr. Nguyen Duc Nam (from Hung Yen, currently an office worker in Hanoi) after 2 months of looking for a house, has closed on a satisfactory apartment in the urban area in Tay Mo (Nam Tu Liem district) for 3.9 billion VND.
Although knowing that the apartment is at its peak price, but afraid that the price will continue to increase, Mr. Nam and his wife still decided to borrow an additional 1.4 billion VND from the bank to buy the apartment above.
Not only apartments, the land segment has also recently become active again. Although she did not post any ads for sale, Ms. Vu Thi Thu (60 years old, living in An Khanh commune, Hoai Duc district) said that recently, many investors have come here to hunt and ask to buy her family's land plot.
"The plot of land is 40 square meters wide and has a red book in the owner's name. Although my family has no intention of selling, recently many investors have called to ask for the price, expressing their desire to buy it for 2.8 billion VND" - Ms. Thu said.
According to Mr. Tran Minh Tien - Director of OneHousing Market Research and Customer Insight Center, the apartment transfer market in Hanoi has been quite active in recent months, reflected in the large customer demand for this product segment.
While primary supply is limited and prices are high, many customers are turning to search for apartment products on the transfer market.
In the latest report on real estate market management, the Ministry of Construction said that the real estate market from the beginning of 2024 until now has shown signs of positive change.
Typically, the real estate supply after a period of limitation has improved; the transaction volume for apartments, individual houses and land plots tends to increase. However, there are still local price fluctuations in some segments and some areas.
Faced with the situation of rising real estate and commercial housing prices in some large cities, the Ministry of Construction promptly reported to the Prime Minister, assessing the current situation, analyzing the causes and proposing solutions.
At the same time, the Ministry of Construction has issued many documents urging and reminding localities to have timely solutions.
