Income under 200 million VND/year is difficult to buy a house in Hanoi and Ho Chi Minh City

(NLDO)- Apartment prices have increased to 100 million VND/m2 despite the supply in Ho Chi Minh City increasing dramatically by 261% compared to the same period, the highest in 3 years.

House prices increase, transactions remain active

The third quarter 2025 report of One Mount Group's Center for Market Research and Customer Insights shows that the real estate market in Hanoi and Ho Chi Minh City remains vibrant, despite record high housing prices.

In Hanoi, the supply of newly opened apartments reached 8,100 units, down slightly by 9% compared to the same period last year but still higher than the average for the period 2023 - 2025. The East and West of Hanoi continue to be the two focal points.

Of which, the West accounts for 36% of the total supply, thanks to the completed traffic infrastructure and abundant land fund. Meanwhile, the Van Giang area ( Hung Yen ) accounts for about 11% of the sales volume, showing that the trend of expanding urban space to the suburbs is increasing strongly.

Meanwhile, post-merger Ho Chi Minh City recorded a clear breakthrough with 5,500 apartments opened for sale, up 261% compared to the same period in 2024, the highest recovery in the past three years. This recovery is said to be thanks to new legal regulations that have begun to take effect, making the project approval and implementation process more favorable. However, supply is still unevenly distributed: the old Binh Duong area accounts for more than 60% of the opening for sale, while the center of Ho Chi Minh City is still scarce due to many projects being entangled in legal issues for a long time.

Apartments in Ho Chi Minh City and Hanoi still increase in the third quarter

The average apartment price in both major cities continued to increase sharply, over 20% compared to the same period last year. Hanoi reached an average of 85.6 million VND/m², while Ho Chi Minh City (old) reached 95.4 million VND/m².

Many projects exceed 100 million VND/m2

Newly launched projects in the third quarter approached the threshold of VND108-131 million/m², reflecting the strong development trend of the high-end segment. Notably, more than 50% of new supply in both markets had prices above VND100 million/m².

In the West of Hanoi, many projects that have just opened for sale have listed prices from 104 million VND/m². In Ho Chi Minh City, the average price ranges from 30 to 200 million VND/m², in which mid-range apartments are mainly concentrated in Binh Duong, while the central area still leads in terms of the highest price.

According to Mr. Tran Minh Tien, Director of the Center for Market Research and Customer Understanding One Mount Group, a household with a good income (VND 200 million to VND 1.3 billion/year) needs 9-10 years of work to buy a standard 70m² apartment (price VND 85-95 million/m², excluding VAT). Meanwhile, the group with income under VND 200 million/year has almost no access to commercial housing, as it takes more than 35 years of accumulation to have enough financial capacity.

"The gap between income and housing prices is widening, making housing more difficult than ever. However, purchasing power in the market remains stable thanks to real housing demand and projects with transparent legal status and synchronous infrastructure," said Mr. Tien.

According to One Mount Group, the real estate market in Hanoi and Ho Chi Minh City is in a clear recovery phase, but the rapid price increase is posing a big challenge to the goal of sustainable housing development, especially for the middle and low-income groups in these two special urban areas.

Source: https://nld.com.vn/thu-nhap-duoi-200-trieu-dong-nam-gan-nhu-khong-the-mua-duoc-nha-o-ha-noi-va-tp-hcm-196251007082224418.htm