Sharing with Lao Dong, Mr. Tran Minh Tien - Director of the One Mount Group Center for Market Research and Customer Insight - said that in the first quarter of 2025, the price of the apartment segment transferred has shown signs of slowing down. However, in reality, the price level is still higher than previous years. The slight decrease was mainly recorded in some old projects that had increased prices following the trend, but the quality was not guaranteed.
Also in the first quarter, the primary supply reached about 4,000 apartments. This is the first quarter to record a sharp decrease in the number of newly opened apartments after 8 consecutive quarters of price increases. The main reason is that it falls during the Lunar New Year holiday. In addition, apartment prices are still high, so buyers are cautious and continue to listen to market developments. This has caused investors to slow down to observe and find potential customers.
"In the past, many homeowners wanted to sell at high prices, but buyers wanted the most reasonable price. Therefore, the decrease in transaction volume in the first quarter of 2025 is a normal development" - Mr. Tien shared.
According to One Mount Group, the second quarter of 2025 will witness a recovery in the supply of newly opened apartments. The transaction volume increased thanks to many projects that have received bookings since the end of 2024 being officially opened for sale. It is expected that in the second quarter, the number of primary apartments will reach about 8,000 units, double compared to the first quarter of 2025.
In the secondary market, the transaction volume in the first quarter of 2025 decreased by 30% compared to the same period last year. However, at the beginning of the second quarter, the transaction volume increased again, recording about 2,800 transactions, an increase of nearly 18% compared to the previous month.
The increase in transaction volume in the secondary apartment segment at the same time as the primary segment shows that real demand is present in the market. After a period of observing and searching for information, many buyers have accepted the current price level and decided to pay for suitable apartments.
Many people prefer old apartments because of their reasonable prices, suitable for the majority of people. As for the newly opened apartment market, because most of the products are in the luxury and high-end segments, investors often prioritize choosing them, said Mr. Tien.
According to online data from Batdongsan.com.vn, in May 2025, apartments will continue to be the most popular type of real estate in the Hanoi and Ho Chi Minh City markets. Notably, Hanoi apartments are the only type to record the number of people interested in jumping back in May, an increase of 9% compared to the previous April.
Commenting on the developments in the real estate market in May, Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn - said that one of the notable points is the sharp increase in interest in apartments, especially in Hanoi and the Northern provinces.
This could be the first signal that investors and buyers are returning to the trend of choosing safe segments. Investors often tend to repeat psychological rotations. When they saw the market hot, they invested in land like last March. Currently, when they feel unsafe, they will return to the type with cash flow and liquidity like apartments" - Mr. Quoc Anh commented.
