Data from many real estate market research units recently informed that the current 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.
Mr. Nguyen An Binh (living in Me Tri ward, Nam Tu Liem district) said that the information about some new apartment projects about to open for sale is making many people like him very interested.
Mr. Binh informed that in 2024, apartments in many old apartment projects will still be advertised for sale at 4-5 billion VND/unit after decades of use. With the addition of newly opened projects, those who want to buy a house will have better options for both project quality and price.
Notably, Lao Dong reporter's records show that in 2025, with a series of apartment projects about to open for sale, the Hanoi real estate market is expected to be vibrant again.
For example, located at the Me Tri - Le Quang Dao intersection (Me Tri ward, Nam Tu Liem district), The Matrix One Phase 2 project invested by MIK Group is attracting many investors.
The project has a scale of 2 towers of 37 and 44 floors, expected to provide the market with 990 apartments this year.
This is phase 2 of The Matrix One project previously invested by MIK Group.
Another project is The Victoria in Vinhomes Smart City urban area (Nam Tu Liem district) with 1,836 apartments launched in 2024.
Accordingly, the average selling price of apartments at The Victoria invested by MIK Group is around 80-85 million VND/m2.
Also located in Nam Tu Liem district, The Solar Park project at Vinhomes Smart City will also open for sale in 2024.
This project includes 4,500 apartments, with a selling price of about 70 million VND/m2.
According to Ms. Do Thu Hang - Senior Director, Consulting and Research Department of Savills Hanoi, in addition to residential purposes, apartments are becoming a type of hoarded asset.
According to Ms. Hang, if in the past, apartment buyers were just for living or renting, now many people still expect the price increase of apartments.
The latest report from the OneHousing Center for Market Research and Customer Insight also stated that in 2024, the Hanoi apartment market recorded strong growth in selling prices.
In addition to serving real housing needs, apartments have become an investment type with the leading high profit rate in the market, averaging over 30%.
However, forecasting the profitability of apartments in 2025, many analysts have given a cautious view because this type of property has grown too much in 2024.
