According to data from many real estate market research units, currently, the housing supply in Hanoi is no longer as scarce as at the beginning of 2024, but housing prices have not shown any signs of cooling down.
In 2025, with a series of projects opening for sale, the Hanoi real estate market is expected to be vibrant again.
According to Lao Dong reporter's research, in Dong Da district (Hanoi), The Ninety Complex Apartment Project (No. 90 Lang street, Dong Da district) with a scale of 4 basements, 27 upper floors with about 480 apartments is attracting the attention of people.
The expected selling price of apartments at The Ninety Complex Project is from 80-90 million VND/m2, handed over around the second quarter of 2025.
Talking to Lao Dong reporter on February 14, Ms. Nguyen An - a real estate broker in Hanoi - informed that this apartment project is expected to be handed over in the second quarter of 2025, with 480 apartments including studios (31.5 - 37.31 m2); 2 bedrooms and 1 bathroom (45.15 m2); 2 bedrooms and 2 bathrooms (63.35 - 76.27 m2); 3 bedrooms and 2 bathrooms (92.14 m2).
Not far away, in Ba Dinh district, The Nelson Private Residences project is gradually reaching the finish line and is also attracting the attention of many investors.
This project has a scale of 27 floors above ground, 3 basements, with 175 apartments, with an expected selling price of 140-150 million VND/m2, expected to be handed over in the third quarter of 2025.
With many projects being implemented, the housing supply in the market will become more abundant.
Real estate services company CBRE recently said that the number of newly opened apartments in Hanoi in 2024 has increased by 3 times compared to the previous year, this is also the highest annual supply since 2020.
CBRE also forecasts that the number of new apartments in the capital is estimated to reach more than 31,000 units in 2025, higher than in 2024. The new supply tends to expand to the South (Hoang Mai District), the East (Long Bien District) and the West (Dan Phuong District).
According to CBRE, 2025 will start a new cycle of the housing market as supply is increasingly abundant, promoting competition among investors.
Ms. Duong Thuy Dung - CEO of CBRE Vietnam - said that in 2025, housing prices will not decrease but will no longer increase as rapidly as in the recent period. The increase in 2025 can be from 5 - 8% compared to 2024.
The Vietnam Association of Realtors (Vars) stated that in 2024, the entire real estate market recorded nearly 10,000 apartments priced from 80 million VND/m2 or more, an increase of more than 3 times compared to the same period in 2023.
