The Hanoi apartment market is experiencing diverging trends between the primary and secondary segments. While the primary market continues its upward price momentum, the secondary market has seen prices stagnate and move sideways. Liquidity in both markets remains relatively healthy overall.
 
Hanoi Apartments: Selling Prices Continue to Rise in the Primary Market
In the early months of the year, Hanoi’s apartment market welcomed numerous new project launches with higher pricing baselines. According to Q1 2025 real estate data from Batdongsan.com.vn, interest and apartment listings increased after the Lunar New Year. Specifically, compared to February 2025, the level of interest in Hanoi apartment listings rose by 13%, and the number of listings increased by 20%. The price momentum continued, and by March 2025, the average listing price for Hanoi apartments reached VND 63 million/m², a significant rise from VND 39 million/m² in January 2023.
 
       
Most primary market apartment projects are priced at high levels.
 
In reality, a series of projects launched in early 2025 recorded high initial selling prices. For instance:
In Gia Lâm, Masteri Lakeside is priced at VND 65–70 million/m², while The Paris ranges from VND 60–65 million/m².
 
In Đông Anh District, Imperia Signature Cổ Loa is selling for VND 90–100 million/m², and Masteri Grand Avenue is priced at VND 95–120 million/m².
 
In Tây Hồ District, Noble Crystal is listed at VND 160–270 million/m², and Endless Skyline West Lake at VND 95–120 million/m².
 
In Nam Từ Liêm, The Matrix Premium is going for VND 90–120 million/m².
 
In Đống Đa District, The Ninety Complex is listed at VND 80–90 million/m².
 
In Ba Đình District, The Nelson Private is priced between VND 130–170 million/m².
 
In Hà Đông, The Charm An Hưng is offered at VND 75–85 million/m².
 
During this period, primary market prices increased by 5–10% compared to the previous quarter. Notably, even with the high pricing, project liquidity remains quite good, with absorption rates averaging 40–60% per sales phase. Some projects priced over VND 150 million/m² have slower sales. However, the current performance is still lower than last year when a housing frenzy caused many projects to sell out in under a week.
 
Ms. Lê Linh, an apartment broker in East Hanoi, stated that although primary market liquidity is not as strong as last year, transaction volumes are still considered positive. The reason these projects are selling well is that they mostly come from reputable developers, are part of large-scale urban developments with full amenities and services, and offer attractive sales policies with preferential loan packages—encouraging buyers to commit.
 
Hanoi Apartments: Secondary Market Prices Remain Flat
Contrary to the rising prices in the primary market, the secondary apartment market in Hanoi has largely remained stable compared to the end of last year.
For example, in Nam Từ Liêm District, apartments at Vinhomes Smart City in the S subdivision are still commonly listed at:
 
VND 1.98–2.2 billion for studio units,
 
VND 3–3.2 billion for 1-bedroom + 1 units,
 
VND 3.65–3.8 billion for 2-bedroom, 1-bathroom units,
 
VND 4–4.2 billion for 2-bedroom, 2-bathroom units.
 
         
 Secondary market listings remain flat
 
At An Bình Plaza (Nam Từ Liêm), prices have not changed significantly since the Lunar New Year.
 
Apartments over 50m² with 2 bedrooms and 1 bathroom and a 50-year leasehold are commonly listed at VND 3.3–3.7 billion.
 
Similar units with freehold tenure are priced around VND 4.3–4.4 billion.
 
Larger 3-bedroom freehold apartments (over 80m²) are listed at VND 6–6.2 billion, while 50-year leasehold versions go for around VND 5 billion.
 
Some owners looking for a quick sale have reduced prices by VND 100–200 million below the market average.
 
In Thanh Xuân District, the prices of Handiresco and Hanoi Center Point on Lê Văn Lương Street have slightly increased since the New Year.
 
2-bedroom, 2-bathroom units have gone from VND 5.8 billion to VND 6–6.1 billion.
This is due to new or recently handed-over nearby projects like Handico and BRG, which are selling at VND 90–120 million/m², pushing prices up along the entire road.
 
In Cầu Giấy District, projects such as HomeCity and Central Field on Trung Kính Street maintain prices of VND 6–6.4 billion for 2-bedroom, 2-bathroom units.
 
2-bedroom units in Discovery Complex are still listed at VND 6.7–7.4 billion.
Other projects like Mandarin Garden, Chelsea Residences, and Vinhomes D’Capitale also maintain year-end prices.
 
Mr. Lê Thành Đồng, a broker in Cầu Giấy, noted that secondary market prices are flat and are unlikely to fall in the near term, as new supply in the primary market remains strong and is priced high. At present, the secondary market continues to see decent transaction volume, mostly driven by end-user buyers.