What factors create the attraction of Hai Phong real estate?
According to market research data, 2025 recorded clear signs of recovery, especially the market showing "good recovery in new supply and investor sentiment".
The level of interest in real estate in the third quarter of 2025 fluctuated from 11 - 22% compared to the beginning of the year. Nearly 90% of brokers assessed the ability to absorb supply at an average - good level. Apartments became the leading segment, accounting for the highest proportion of growth expectations (36%). In March 2026, the level of interest in apartments in many areas increased by 4 - 7% compared to December 2025, a significantly higher increase than other types.
Notably, investment cash flow is not only concentrated in central cities but is showing signs of shifting to satellite areas, where there is room for growth and synchronous infrastructure development. In the trend of capital flow shift, Hai Phong emerged as one of the leading markets in the Northern region, recording an interest growth rate of over 50% compared to the beginning of 2025. Not only attracting cash flow from local investors, this market also recorded an increase in interest from investors in Hanoi and neighboring provinces.
Real estate experts believe that in the context of Vietnam's economy gradually recovering and accelerating, Hai Phong has emerged as a strategic growth pole in the Northern region. Not only playing the role of a key port city, Hai Phong is also entering a new urban development cycle, where modern planning, synchronous infrastructure and strong investment capital converge, creating momentum for the real estate market to transform clearly.
Sharing at the event "Capital Flow 2026 - Where is the real estate capital flow?" organized by Batdongsan. com. vn in coordination with Gamuda Land on May 15, Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan. com - said that the first factor when mentioning the driving force of Hai Phong real estate growth is the economic strength and development potential of this city.
In fact, Hai Phong is one of the localities with the leading economic scale in the country. The GRDP growth rate of the city is very sustainable, with 11 consecutive years of maintaining a growth rate of over 10%.
While in 2026, the whole country only set a double-digit growth target, Hai Phong has achieved this many years ago. This is a very impressive foundation. In addition, Hai Phong's GRDP per capita is also in the leading group in the country. If considering the population scale of about 4.6 million people, ranked 4th nationwide, this is a very noteworthy figure. Some localities have higher GRDP per capita such as Quang Ninh but significantly lower population scale.
Hai Phong is currently also in the leading group in the country in terms of provincial competitiveness (PCI), while maintaining a high level of public investment disbursement. According to experts, this is an important foundation to help Hai Phong strongly attract FDI capital in recent years. The city currently has about 45 operating industrial parks with the presence of a series of large corporations such as LG, Pegatron and large-scale industrial parks such as Deep C, VSIP Hai Phong, Trang Due or Nam Dinh Vu. Hai Phong is also in the leading group in public investment disbursement, second only to Hanoi. In 2025, the disbursement rate reached about 105%.
From these factors, it can be seen that Hai Phong's attractiveness comes from a very solid economic foundation. When the economy develops and people's incomes improve, the demand for spending, renting and buying real estate also increases" - Mr. Nguyen Quoc Anh emphasized.
Also according to Mr. Nguyen Quoc Anh, the second factor is that Hai Phong's urban development trend is having many similarities with Hanoi. If you observe the current projects, it can be seen that most are developing along the ring roads. Currently, Hai Phong has only developed strongly around Ring Road 1, some sections of Ring Road 2 are being implemented, while Ring Road 3 is still on a long-term roadmap. The trend of urban development following the ring roads is something Hanoi has experienced very clearly. Hai Phong is also currently following a similar trajectory, only at an earlier stage.
The third factor that Mr. Nguyen Quoc Anh assessed as very important is the change in the psychology of Hai Phong people. Previously, people tended to prioritize low-rise real estate and land. However, now a shift has begun to appear to the apartment segment. This is also what happened in Hanoi from around 2019.
It is the similarity in economic development, infrastructure and urban trends that has increased the level of interest of Hanoi investors in the Hai Phong market. According to our records, the amount of interest from Hanoi investors in Hai Phong real estate has increased sharply compared between recent periods" - Deputy General Director of Batdongsan. com. vn emphasized.
Hai Phong apartment building is entering a period of transformation
Ms. Le Thi Bich Lien - Deputy General Director of Gamuda Land Vietnam - said that apartments are becoming the main type of housing in major cities. The proportion of apartments currently accounts for about 85% of the housing supply in Hanoi and 75% in Ho Chi Minh City.
According to Ms. Lien, homebuyers are currently not only interested in area but also focus on utility ecosystems, operating quality and living environment. "Previously, people tended to prefer real estate. But now, as income increases, the need to upgrade living quality also changes," she said.
In Hai Phong, the wave of migration of residents and experts to live and work in this locality is increasingly clear. This creates pressure on the supply of quality housing, and at the same time opens up opportunities for modern apartment products, integrating utilities, segments that have not really developed commensurate with the city's potential.
With more than 30 years of urban development experience in many international markets such as Malaysia, Singapore, Australia and the United Kingdom, Gamuda Land pursues a sustainable development philosophy, putting people at the center and focusing on long-term values. Ambience is the first project of this business in Hai Phong, approaching high requirements for planning, architectural design and living space organization" - Ms. Le Thi Bich Lien, Deputy General Director of Gamuda Land Vietnam, shared.
Also according to Ms. Le Thi Bich Lien - Deputy General Director of Gamuda Land Vietnam, the projects of this enterprise built in Gamuda Gardens urban area of Hanoi have recorded a price increase of up to 300% after many years of handover. The first project took about a year to fill 50%, while the second project only took three months to achieve a similar rate.
According to Batdongsan. com. vn, Hai Phong is recording a double-digit increase in apartment searches, reflecting a change in buyers' tastes, from traditional real estate to convenient, safe and highly community-oriented living products.
According to Mr. Nguyen Quoc Anh, many people often look at the very strong price increase of Hanoi apartments in recent times. For example, in the period 2023 - 2026, the average price of Hanoi apartments almost doubled. However, in Hai Phong, from 2023 to 2025, the average price only increased by about 20%. This shows that real estate prices in Hai Phong are still increasing at a stable and quite "normal" level, and there has not been a situation of hot increase like Hanoi.
When compared with major cities such as Hanoi, Ho Chi Minh City or Da Nang, we see that Hai Phong apartment prices are still very competitive. In particular, the profit margin from rent is at a very good level compared to many other major cities. While prices are still stable, the growth potential is still very large. This is a factor that makes Hai Phong real estate market attractive" - Mr. Nguyen Quoc Anh assessed.
According to research by Batdongsan. com. vn, the amount of interest in apartments in Hai Phong is tending to spread along the ring roads. This is a very noteworthy signal. In Hanoi, reality shows that apartment projects located around the ring roads often have very strong price increases after infrastructure is completed, in some places increasing from 2.5 - 3 times after about 5 years. Meanwhile, Hai Phong is still in the early stages of this process. Ring roads are forming, the price level is still relatively stable, so the growth room is still quite large.
Along with that is the psychological shift of homebuyers. When people start to pay more attention to apartments than private houses, it is often a sign of an important market transition period. In Hanoi, this shift began to appear around 2019. After about 3 years, apartment prices have increased very sharply.
Currently, Hai Phong is starting to show signals similar to Hanoi and we expect the market to enter a new growth cycle in the next few years. Of course, the current context still has many impacting factors such as global economic or geopolitical fluctuations, but overall, we still assess that Hai Phong has many similarities with Hanoi's previous development period" - Mr. Nguyen Quoc Anh emphasized.
Real estate experts also said that the absorption capacity of Hai Phong market is assessed as quite good. With a population of about 4.6 million people, Hai Phong's current supply is not too large. For example, on central roads such as Vo Nguyen Giap, the total supply is only about 7,000 - 10,000 apartments, which is still a relatively normal level compared to market demand.
The absorption level of the market is currently quite stable and even better than the Hanoi market at the present time. We believe that Hai Phong will continue to be a very potential market for both investors and real buyers in the coming time" - Mr. Nguyen Quoc Anh emphasized.
