Quarter II/2025: Apartments 'reign', Hanoi prices 25% higher than Ho Chi Minh City

In the second quarter of 2025, the apartment type continued to affirm its leading position in the market when recording a proportion of interest of up to 29%, surpassing land (28%) and private houses (22%). This rise shows that buyer behavior is clearly shifting from speculative trends to real housing needs and investment to exploit stable cash flow.

In the second quarter of 2025, the apartment type continued to affirm its leading position in the market when recording a rate of interest of up to 29%.. (Source: Thu Do Invest)

Survey data from 502 real estate brokers also agreed with this assessment. Up to 64% of brokers said that customers buying for residence accounted for over 40% of transactions, reflecting the growth momentum coming from real demand.

57% of brokers said that the group of customers buying to rent accounts for over 40%, showing that the investment trend has shifted from "surfing" to "real exploitation", focusing on the ability to generate stable profits over time.

Notably, 46% of brokers assessed the proportion of swing traders at less than 20%, showing that short-term investment sentiment is clearly weakening. This is a positive signal, showing that the market is developing in a healthier and more sustainable direction.

Data from Batdongsan.com.vn shows that the apartment market has recovered significantly since June 2025. Compared to April 2025, the level of interest in apartments in the new Ho Chi Minh City increased by 11%, and in the old Ho Chi Minh City increased by 9%. At the same time, the number of apartment listings in the new and old Ho Chi Minh City also recorded an increase of 12%, showing that supply is recovering according to demand.

According to Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn , the increased interest in Ho Chi Minh City is the result of the reasonable population dispersion process, new administrative planning, along with the formation of satellite economic - service centers. These are the fundamental factors that help this area strongly attract investment cash flow in the medium and long term.

In addition to local demand, Ho Chi Minh City continues to be an attractive destination for investors in the North. In the second quarter of 2025, the number of apartment searches in Ho Chi Minh City from local people still accounted for 73%, showing stable internal attraction.

In particular, the cash flow from the North into Ho Chi Minh City increased sharply, from 44% (QII/2024) to 61% (QII/2025). This coincided with the period when Hanoi apartment prices surpassed Ho Chi Minh City, causing Northern investors to consider Ho Chi Minh City as an area with better room for price increases.

In the context of housing prices in the old Ho Chi Minh City being higher than the price level in neighboring areas such as Dong Nai and Binh Duong, it is becoming a trend. Specifically, Binh Duong recorded a rental yield of 4.1%, while Dong Nai reached 4.4%, significantly higher than the old Ho Chi Minh City (2.8%). Not only that, the level of interest in Binh Duong increased sharply to 46% in the first half of 2025, showing that money is shifting to places with more accessible selling prices.

Land prices cooled down compared to the peak in March after many changes in tax policies. (Source: Batdongsan.com.vn)

In Hanoi, apartment prices continue to increase and remain higher than in Ho Chi Minh City. According to data from Batdongsan.com.vn , in early 2023, the average apartment price in Hanoi was VND38 million/m2, 23% lower than the average price in the old Ho Chi Minh City of VND47 million/m2.

By 2024, Hanoi apartment prices will catch up with Ho Chi Minh City and have now reached an average of VND70 million/m2, about 11% higher than Ho Chi Minh City. After the merger, the average price in Ho Chi Minh City is only VND57 million/m2, 25% lower than Hanoi. While the selling price is different, the apartment rental price continues to remain stable in the two major cities.

The increase in selling prices clearly reflects the stable demand and strong growth of the capital market, especially in the suburban districts - where synchronous infrastructure investment is being made and large-scale urban areas are being formed.

Specifically, the sub-central districts such as Ha Dong, Gia Lam, Hoang Mai are the focal points of price increases in the apartment market. The reason comes from the formation of metropolitan areas with synchronized utilities and planning; Large infrastructure projects such as Ring Road 4, Tran Hung Dao Bridge, Tu Lien... help shorten travel time.

Although prices in central districts are still 20-30% higher, the sub-central area is experiencing outstanding growth, large land funds, and good infrastructure connections, becoming a new destination for both home buyers and long-term investors.

Source: https://baoquocte.vn/quy-ii2025-chung-cu-len-ngoi-ha-noi-gia-vuot-25-so-voi-tp-ho-chi-minh-322495.html