Hanoi: Apartment prices in the inner city are double those in the suburbs.

Apartment prices in Hanoi's inner city commonly exceed 120 million VND/m², while in suburban areas they range from 50-60 million VND/m², indicating an increasing price disparity.

The price gap between apartments in Hanoi's inner city and suburbs is widening - Photo: HONG QUANG

This information was released by CBRE Vietnam, a real estate market research company, at its press conference on the Hanoi real estate market overview for Q4 2025, held on January 14th.

The price difference is too large.

According to CBRE Vietnam, 14,905 new apartments were launched in Hanoi in the fourth quarter of 2025, bringing the total new supply for the year to nearly 36,000 apartments. This is the second highest annual launch volume in the 2019-2025 period, only lower than 2019 when the apartment supply boomed.

Another prominent trend in the Hanoi apartment market in 2025, as noted by CBRE Vietnam, is that the supply from large urban areas in Van Giang, Hung Yen (bordering Hanoi) will account for a significant proportion of the total market supply.

New apartment launches in the Van Giang area accounted for over 60% of the total market supply in Q4 and approximately 40% of the total market supply for the entire year.

In addition, the total number of apartments sold in Hanoi in the fourth quarter of 2025 was approximately 13,500 units, bringing the total number of apartments sold for the whole year to about 34,700 units.

New apartment launches in Q4 2025 achieved an average absorption rate of approximately 79%, a figure indicating stable absorption capacity as supply increases.

Regarding apartment prices, according to research by CBRE Vietnam, there is a clear price disparity between inner-city and suburban areas.

Overall, the average primary market selling price in Q4 reached VND 78 million/m2, excluding VAT, maintenance fees, and discounts. This price is 14% lower than in Q3 this year but 8% higher than the same period last year.

Specifically, the selling price of primary market apartments in the suburbs of Hanoi is around 50-60 million VND/ ^m² , while in the inner city it is 90-100 million VND/ ^m² .

For the secondary apartment market (buying and selling used apartments), the average selling price recorded in Hanoi was approximately 62 million VND/ ^m² , a price that remained almost unchanged compared to the third quarter, but increased by 24% compared to the same period last year.

This cooling down in selling prices is due to the impact of factors such as sharply rising prices in previous quarters, abundant primary supply, and homebuyers' reaction to rising interest rates.

Notably, the number of apartments launched for sale in the segment priced above 120 million VND/ ^m² increased sharply in Hanoi last year, reaching approximately 4,000 units, equivalent to 11% of the total number of new apartments launched in the entire market.

The selling price of some apartment projects in Hoan Kiem and Ba Dinh districts (Hanoi) has been pushed up to over 500 million VND/m² - Photo: B. NGOC

Commercial apartment prices are expected to continue their slight upward trend in 2026.

Forecasting the Hanoi apartment market in 2026, Mr. Vo Huynh Tuan Kiet - Director of Residential Marketing (CBRE Vietnam) - believes that the supply of new apartments will increase by approximately 33,000 units, nearly equivalent to the number of apartments launched in 2025.

Primary apartment prices will be regulated by a combination of a strong increase in supply, competition from projects in the Van Giang area, and supply from higher-priced inner-city projects.

Ms. Nguyen Hoai An, Senior Director of CBRE Vietnam's Hanoi branch, also noted that the promotion of infrastructure development, especially transportation infrastructure, continues to be a crucial driving force for the development of new real estate projects in Hanoi, including many large-scale housing projects. This trend will boost supply growth in 2026 and subsequent years.

Regarding the Ho Chi Minh City market, Mr. Kiet stated that the supply of apartments in Ho Chi Minh City increased slowly before the merger, but after the merger, it increased sharply thanks to the addition of new apartment supply from the Binh Duong area.

Specifically, in 2025, the supply of new apartments in the old Ho Chi Minh City area will only increase by about 7,000 units. The average selling price in the old Ho Chi Minh City area is approximately 92 million VND/ ^m² , while in the city center it is over 120 million VND/ ^m² .

However, the average selling price of apartments in Ho Chi Minh City after the merger is approximately 68 million VND/ ^m² , which is due to the significantly lower prices in the new areas such as Binh Duong and Ba Ria - Vung Tau compared to the old Ho Chi Minh City area.

Speaking to Tuoi Tre Online , several real estate experts suggested that if considering only the commercial housing segment (apartments, townhouses), selling prices in 2026 might increase slightly. However, when viewed in the context of the entire market, the supply of social housing will increase sharply in the second half of 2026.

When the supply of both social housing and commercial housing increases sharply, the pressure to lower apartment prices will be greater, and therefore prices will tend to decrease.

Back to the topic

BAO NGOC

Source: https://tuoitre.vn/ha-noi-gia-ban-chung-cu-noi-do-gap-doi-vung-ven-20260114134004093.htm