Hanoi is about to put nearly 14,000 houses up for sale, most of them expensive.

For the apartment segment, units about to be launched are priced around 70-80 million VND/m2. As for the low-rise segment, each square meter will cost almost as much as a mini electric car.

The Hanoi Department of Construction has just updated the list of future housing projects eligible for sale in the city. Accordingly, 11 new housing projects have been approved, adding 13,995 units to the market supply.

Of these, apartments continue to dominate with 8,798 units across 5 projects. The low-rise segment has 6 projects, providing 5,197 units.

A new apartment project is now open for sale in Ha Dong district. Photo: Thanh Vu

Most of the apartment projects are located within the two large urban areas of Ocean Park and Smart City. Among them, Masterise Homes has the largest number of apartments for sale with 2,461 units. These are high-rise products from buildings Z34, U38, and U38A on plot B6-CT01 (Ocean Park 1).

Additionally, another project at Ocean Park will also be launching more than 2,000 apartments in the near future. This is the U26A, T26M, Z30 apartment complex located on plot B4-CT01, developed by CapitaLand.

In the low-rise housing segment, the two largest projects are located in the western area of Hanoi. The Sunshine Grand Capital urban area has been approved for sale with approximately 2,300 units. This project spans the communes of Tan Lap and Tan Hoi (Dan Phuong district) and Duc Thuong and Duc Giang (Hoai Duc district).

Also in Dan Phuong district, Vingroup 's Green City urban area has been granted permission to sell 2,279 units. The project covers an area of 133.4 hectares, located in four communes: Tan Hoi, Tan Lap, Lien Ha, and Lien Trung (Dan Phuong district). This project was only launched on March 10th.

Entering 2025, the supply of housing in Hanoi will no longer be scarce. However, another challenging problem has emerged: a supply-demand imbalance, with the high-end segment almost completely dominating the market, while the affordable housing segment is severely lacking.

According to One Housing's Market Research and Customer Insights Center, the Hanoi residential real estate market is projected to see more than 30,000 new apartments in 2025, equivalent to the peak period of 2016-2019.

Of that, 48% of the new supply will come from the eastern area of Hanoi, with projects from Vinhomes Ocean Park 1 - 2. Conversely, the supply in the western area mainly comes from the launch of existing projects.

Notably, the northern region is projected to contribute 19% of the apartment supply market share thanks to the Vinhomes Global Gate mega-project.

Despite clear signs of recovery in apartment supply, Mr. Tran Quang Trung, Business Development Director of OneHousing, believes that selling prices are unlikely to decrease. The reason stems from the fact that the newly launched supply is mainly in the high-end and luxury segments.

According to the company's forecast, all new apartments in 2025 will belong to the high-end (50 - 80 million VND/m2) and luxury (80 - 230 million VND/m2) segments. Of these, luxury apartments will account for 36%, while the mid-range and affordable segments will be completely absent.

Given the above situation, the average price for newly launched apartments in 2025 could reach VND 72 million/m2 (excluding VAT and maintenance fees), a 75% increase compared to Q1/2022.

Source: https://baodautu.vn/batdongsan/ha-noi-sap-mo-ban-gan-14000-can-nha-da-phan-deu-dat-do-d257086.html