Luxury villas priced at over 1 billion VND per square meter are appearing on the market.
According to a survey by Dan Tri reporters, some villas in Hanoi are currently being advertised for sale on online real estate websites at prices exceeding 1 billion VND/m2.
Specifically, a 307m2 detached villa in a project located in Nam Tu Liem district is being offered for sale at 435 billion VND, equivalent to 1.42 billion VND/m2. According to the seller, the villa is situated on a corner lot, right next to the lake. The house has 4 floors and 8 bedrooms.
Another villa in the same project, with an area of 310m2, is being offered for sale at 355 billion VND, equivalent to 1.14 billion VND/m2. According to the seller, this villa has a 20m wide frontage and is located right next to the lake.
Several villas have appeared with prices exceeding 1 billion VND/m2 (screenshot).
In the Ciputra urban area (Tay Ho district, Hanoi), many villas priced at hundreds of billions of VND have also appeared. For example, a detached villa with an area of 336m2 is being offered for sale at 205 billion VND, equivalent to more than 609 million VND/m2.
According to the seller, the owner needed to sell urgently at the end of September, so they reduced the price by 30 billion VND to 205 billion VND. The house is designed with 4 floors and a floor area of 150m2.
Another detached villa in the Starlake project (Tay Ho, Hanoi), with an area of 348m2, is also being offered for sale at over 186 billion VND, equivalent to 535 million VND/m2. According to the seller, behind the house is an internal park, near a regulating lake.
According to a report by CBRE Vietnam, the total supply of landed houses in the first nine months of the year reached over 3,500 units, the highest level in the past five years. Regarding absorption rates, the number of units sold in the third quarter recorded a significant increase compared to the beginning of the year, reaching over 2,500 units, nearly five times more than the previous quarter and a 124% increase compared to the same period last year.
The total number of units sold in the first nine months was over 3,400, almost matching the supply of new units launched during the period. The average primary selling price in the third quarter increased significantly compared to the previous quarter, reaching 235 million VND/m2, a 16% increase quarter-on-quarter and nearly a 27% increase year-on-year.
A cluster of townhouses and villas in Hanoi (Photo: Duong Tam).
Meanwhile, the average selling price of secondary landed houses continued its upward trend from previous quarters, reaching approximately VND 167 million/m2 (including construction costs and excluding VAT), an increase of 3% quarter-on-quarter and nearly 7% year-on-year.
According to Savills' report, in the third quarter, the primary supply of villas and townhouses recorded 673 units from 15 projects, with villas and townhouses each accounting for 38%. Transactions in the third quarter reached 326 units, a 194% increase compared to the previous quarter and a 223% increase compared to the same period last year, with an absorption rate of 48%.
Expert: Prices may adjust
Speaking with a reporter from Dan Tri newspaper , Mr. Nguyen The Diep, Vice Chairman of the Hanoi Real Estate Club, stated that the reason for the sharp increase in the price of townhouses and villas recently is the scarcity of supply while demand is ever-increasing. Accordingly, not only new projects but also projects that have been abandoned for many years have seen significant price increases.
"Besides, according to the new law, land compensation prices will be based on market value, so primary market prices could be pushed up very high. In addition, the new law is more open to land use rights for overseas Vietnamese, which will attract more remittances, boosting demand. Therefore, the selling prices of townhouses and villas may continue to rise, but it will take longer," Mr. Diep said.
On the other hand, Mr. Diep believes that while secondary market prices for townhouses and villas may adjust, the decrease will only be slight. This is because most investors in this segment are financially stable and aim for long-term ownership.
Matthew Powell, Director of Savills Hanoi, assessed that the villa and townhouse market has shown signs of recovery through increased supply, transaction volume, and secondary market prices. The improvement will be more evident by 2025, especially with the supply from new large-scale projects.
Source: https://dantri.com.vn/bat-dong-san/gia-rao-ban-biet-thu-tai-ha-noi-len-toi-14-ty-dongm2-gay-choang-vang-20241009144543368.htm
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