According to Lao Dong reporter's research, the affordable apartment segment in large cities such as Hanoi and Ho Chi Minh City currently has a common price of less than 45 million VND/m2; the mid-range segment ranges from 45 - 70 million VND/m2; the high-end segment has a price of 70 - more than 100 million VND/m2.
Meanwhile, the super luxury apartment segment in many projects has an advertisement price of approximately 200 million VND/m2.
For example, in Ba Dinh district, Vinhomes Lieu Giai apartment ( Metropolis) is being advertised for sale at about 180 million VND/m2;
In Tay Ho district, Sunshine Tay Ho apartments are being offered for sale at around VND 180 million/m2; Or apartments are introduced as corner apartments of the Starlake project, with a view to West Lake, and are also being offered for sale at up to nearly VND 200 million/m2.
In Cau Giay district, the D'.Palais de Louis project after changing its name to Hanoi Signature, some apartments in this project are also being offered for sale at prices reaching 200 million VND/m2.
Many real estate experts believe that the above projects are being offered for sale at quite high prices compared to the time of initial opening for sale. This shows the role of the secondary market in "heating up" price levels.
When supply is tightened, the psychology of home ownership in the center increases, apartment prices are pushed up rapidly through each sale, both from investors and secondary investors.
Referring to this content, Ms. Nguyen Hoai An - Senior Director of CBRE Vietnam branch in Hanoi - commented that Hanoi apartment prices will continue to increase in the coming time. The reason is that the large proportion of the current apartment supply is concentrated in the high-end segment.
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association - also said that if Hanoi apartments and other residential real estate segments continue to increase and there are no early intervention measures, it will cause great instability for the real estate market.
According to experts, management agencies need to soon take measures to "unblock" affordable commercial housing projects and social housing. Investors need to promote research and product development in line with trends and affordability of the majority of people, limiting surplus and large-scale shifting to high-end and luxury products.
