Talking to Lao Dong reporter, Mr. Tran Van Canh (living on Tran Duy Hung street, Cau Giay district) said that due to having idle money, at the end of November 2024, Mr. Canh and his wife decided to buy an apartment in Nam Tu Liem district for 3.6 billion VND, including furniture and interior.
According to Mr. Canh, right after closing the purchase, his family signed a contract with a company that provides apartment rental services for 12 million VND/month.
"The demand for renting apartments in suburban areas is constantly increasing. My family determined that buying this apartment was a long-term investment, with an additional source of income from monthly rental," Mr. Canh added.
Similarly, Mr. Trinh Huu Khoa (real estate broker in Hanoi) informed that the supply in the inner city is scarce, recently, many investors are looking for apartments in suburban areas such as Hoai Duc, Thanh Tri, Nam Tu Liem... with the purpose of closing the purchase and long-term investment.
According to Mr. Trinh Huu Khoa, a reality is that the high price of apartments has forced many workers in Hanoi to switch to long-term rental housing.
To save money, many people tend to move to the suburbs to rent apartments priced from 8-12 million VND/month, depending on the area, to save on monthly living expenses.
The Vietnam Association of Real Estate Brokers (VARS) recently commented that in the short term, housing supply in 2025 will continue to grow by about 10% compared to 2024, contributed more evenly by many projects that have had their problems resolved, have been re-implemented and are preparing to open for sale.
According to Vars, in terms of product types, apartments priced from VND50 million/m2 and above continue to lead the real estate market. Meanwhile, the supply of land will continue to decrease along with the tightening of regulations on subdivision and sale of land.
Forecasting the real estate market in 2025, Ms. Duong Thuy Dung - CEO of CBRE Vietnam - said that housing prices are expected to not decrease but the growth rate will slow down, about 5-8% compared to 2024.
In particular, primary selling prices continue to increase due to supply not meeting demand. Many real estate experts even predict that the new apartment segment priced under VND50 million/m2 in Hanoi will gradually disappear from the Hanoi market.
