Hanoi apartment price chart continues to increase

CBRE Vietnam Company commented that the secondary selling price of Hanoi apartments is expected to continue to record an upward trend until the end of the year, with an estimated increase of about 20% compared to the same period last year. This is still a high price increase, although it is lower than the increase in secondary selling price of Hanoi apartments recorded in 2024. In general, the price chart of Hanoi apartments continues to trend upward.

Apartment prices in Hanoi continue their upward trend. (Photo: Tuan Anh/TTXVN)

Experts warn that if secondary market prices continue to rise sharply, it will raise concerns about the sustainability of the market, especially given the clear divergence between real demand and buyer affordability.

In the final months of 2025, the Hanoi apartment market is expected to continue its vibrant activity. The total new supply in the last quarter of the year in Hanoi is projected to reach over 11,100 units, bringing the total number of new units launched for the whole year of 2025 to over 32,300, higher than in 2024. The more diverse supply in terms of location will help the market see more products in the price segment of 50-60 million VND/m2.

Ms. Nguyen Hoai An, Senior Director of CBRE Vietnam's Hanoi branch, commented that the growth and diversification of supply, along with the development of infrastructure connectivity and appropriate management and regulatory policies from the authorities, will play a crucial role in maintaining the stability and health of the Hanoi apartment market in the 2026-2027 period.

According to CBRE statistics, in the past quarter, the total supply of new apartments launched in Hanoi reached over 10,300 units, marking the second quarter in the last five years with new supply exceeding 10,000 units. For the first nine months of the year, the total supply reached nearly 21,100 units, a 10% increase compared to the same period in 2024.

Notably, this quarter saw a record high in new supply from projects with asking prices above VND 120 million/m2 (excluding VAT, maintenance fees, and discounts), reaching over 2,000 units launched. These new projects were distributed across various areas, particularly those with good connectivity such as Tay Ho, Cau Giay, and Long Bien. Additionally, projects with prices of VND 60 million/m2 or higher were increasingly appearing in areas further from the city center, such as Dan Phuong and Van Giang ( Hung Yen province bordering Hanoi).

The emergence of many new projects in favorable locations has contributed to boosting transaction activities in the quarter. The total number of apartment transactions in the third quarter of 2025 in Hanoi reached more than 11,100 units, the highest quarterly level ever recorded in Hanoi since 2018.

Regarding price trends, CBRE experts noted that apartment asking prices continued their upward trend in the third quarter in both the primary and secondary markets. The average primary asking price exceeded VND 90 million/m2 (excluding VAT, maintenance fees, and discounts), higher than the average price of apartments in Ho Chi Minh City during this quarter. The average primary price of apartments in Hanoi in Q3 2025 was 16% higher than the previous quarter and 41% higher than the same period last year.

In the past quarter, many developers continued to accelerate their sales plans and actively launched new units from their existing project portfolios. Many projects located near the city center and with convenient connectivity have driven up selling prices. However, even in areas that previously had reasonable prices, such as Dan Phuong and Van Giang (Hung Yen), this quarter also saw higher prices, driven by the participation of large, experienced developers, infrastructure development, and the formation of modern residential clusters.

Despite high primary market prices, most new projects launched in the quarter recorded positive absorption rates, averaging around 70-80% of the units offered. This development partly indicates that the demand for real estate investment in Hanoi remains stable and shows no signs of slowing down.

In the secondary market, the average selling price reached VND 58 million/m2 (excluding VAT, maintenance fees, and discounts), a 19% year-on-year increase. While this year-on-year increase is slower than in 2024, it is faster than in the first two quarters of 2025.

Source: https://baotintuc.vn/bat-dong-san/bieu-do-gia-chung-cu-ha-noi-van-tiep-tuc-xu-huong-tang-20251015154826877.htm