Land prices stagnate, while apartments attract buyers.

DNVN - The real estate market is gradually recovering, with the apartment segment being a bright spot. Meanwhile, land plots – once the "star" at the beginning of the year – are showing signs of slowing down after a period of rapid increase.

Interest in Hanoi apartments has surged again.

According to Batdongsan.com.vn's real estate market report for May and the first five months of 2025, interest in apartments in Hanoi surged again in May, increasing by 9% compared to April. This was the only segment showing clear growth amidst declines in other property types: land plots decreased by 15%, detached houses and townhouses both decreased by 8%, and villas decreased by 4%.

In provinces bordering Hanoi, interest in apartments increased even more sharply, reaching 19% in May – reflecting real demand along with the attractiveness of new projects with competitive prices.

Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, commented that the return of the apartment segment is a sign that investors and buyers are prioritizing products with cash flow and liquidity.

Interest in apartments in Hanoi increased by 9% compared to April 2025.

"When the market becomes unstable, investors often return to apartments as a safer option," said Mr. Quoc Anh.

The data also shows that the number of apartment listings in Hanoi and the northern provinces increased slightly in May, by 6% and 7% respectively, reflecting the renewed proactive approach of real estate agencies and sellers.

Meanwhile, Ho Chi Minh City recorded growth across all segments in May. Specifically, villas increased by 22%, apartments by 17%, land plots and detached houses both increased by 7%, and townhouses increased by 4%.

Apartment prices in Ho Chi Minh City continue to rise, currently averaging around 60 million VND/m², a 46% increase compared to Q1 2021. Rental prices have also edged up by about 9%, reaching 12 million VND per apartment. Binh Duong continues to be a real estate hotspot in the South (outside Ho Chi Minh City) in terms of interest.

Land prices in Northern Vietnam remain high.

According to Batdongsan.com.vn's report, after peaking in March, the land plot segment in northern provinces (excluding Hanoi) saw a slight decrease in interest in May – reflecting cautious sentiment following information about reciprocal taxes. However, compared to the same period last year, interest levels remained high, especially in Bac Ninh (up 43%), Hung Yen (38%), and Bac Giang (36%).

Regarding prices, land prices in the northern provinces remain high, with many areas experiencing significant increases compared to the beginning of the year. Hoa Binh leads with a 67% increase compared to January 2024, followed by Hung Yen with a 59% increase, Vinh Phuc with a 47% increase, and Bac Giang with a 39% increase. Bac Ninh also recorded a 20% increase and is expected to rise by another 3% compared to March 2025. Quang Ninh increased by 12%. Hai Phong remained almost unchanged.

Meanwhile, the Central Vietnam market witnessed a shift in purchasing power from land plots to apartments and villas. In Da Nang, May saw an impressive increase in interest in apartments (19%) and villas (18%). In contrast, interest in land plots decreased by 9%, townhouses by 6%, and detached houses by 1%.

In other central provinces, interest is more evenly distributed: villas increased by 15%, detached houses by 9%, apartments by 8%, and land plots by a slight 2%. However, land plots remain the dominant segment in this area.

Following its peak in March, the Central Vietnam market also saw a slowdown due to the impact of the long holiday period, information on tax policies, and a wait-and-see attitude from investors regarding the proposed administrative boundary merger.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/bat-dong-san/dat-nen-chung-lai-chung-cu-hut-khach/20250617054824491