A report by the Ministry of Construction shows that in 2024, apartment prices in some major cities will continue to increase.
In Hanoi, apartment prices increased by 40-50% compared to 2023, with some projects increasing at a higher rate. In Ho Chi Minh City, apartment prices in 2024 increased by about 20-30% compared to 2023.
Economist, Associate Professor, Dr. Dinh Trong Thinh shared that 2024 is the year that the apartment segment will witness a rapid increase in prices. However, in 2025, the price increase will slow down, and there will no longer be a "feverish" situation like many previous months.
The Vietnam Association of Realtors (VARS) believes that because the current apartment price level is quite high, the growth momentum in the market in 2025 will slow down.
According to VARS, housing projects launched in 2025 will still receive attention, be traded, and be well absorbed, but the absorption rate is likely to be slower than in 2024. The apartment segment will continue to "dominate" market liquidity. However, apartment liquidity will still be concentrated in large urban projects.
VARS forecasts that the apartment segment, mainly the segment priced from 50 million VND/m2 or more, will continue to "lead" the market, with an increase in luxury supply.
Mr. Vu Cuong Quyet - General Director of Dat Xanh Mien Bac - analyzed that at the end of last year, apartment prices in Hanoi and Ho Chi Minh City were quite high. If investing in apartments in these two cities for rent, the rental price compared to the purchase price is not really attractive, even though the demand for renting houses is high.
In addition to the apartment segment, according to Mr. Quyet, the land segment in Hanoi and Ho Chi Minh City is also quite expensive. However, land in satellite provinces of these two cities has not increased dramatically in recent times, only about 5-10%, so the price is still reasonable.
Therefore, according to this person, land in the provinces is still a good investment segment in 2025.
In fact, when you have billions of dollars, choosing to invest in real estate or apartments is always a difficult question to answer. Because both types of housing have their own advantages and disadvantages. Therefore, experts say that it depends on the needs and purposes of the home buyer to choose.
Mr. Le Van Tam (37 years old, in Thanh Xuan district) - a real estate investor in Hanoi - commented that the profit margin of investing in apartments may be lower than that of real estate (unless there is a sudden increase like recently), but it is quite easy to rent out, with a steady monthly cash flow.
According to Mr. Tam, most apartment projects are often located in convenient locations, close to schools, hospitals, etc., with many amenities, thus improving the lives of residents. In addition, apartments have a high level of safety because they have a security team and guards.
Meanwhile, real estate may have a better price increase margin but is often much more expensive than apartments. With 3-5 billion VND, investors can only buy land or a house with a small area, located deep in an alley or in a house location far from the center, with inconvenient transportation.
