Capital in the real estate market is shifting back to the apartment segment as the fever surrounding suburban land plots cools down.

Apartment Resale Transactions Reach a Peak

Hanoi’s real estate market in April 2025 showed clear signs of recovery in the resale segment, including apartments, landed houses, and low-rise project units.

Data from One Mount Group indicates that total secondary market transactions reached approximately 7,600 units, a 67% increase compared to March, and above the market average of 6,150 units/month.

In this overall landscape, the apartment segment accounted for around 3,400 units, up 39% from the previous month — the highest level in 12 months since May 2024.

Compared to the February 2025 low of only 1,000 units, the market has seen two consecutive months of growth, exceeding the average of around 2,650 units/month.

These are strong indicators of capital returning to the high-rise segment, especially in completed projects with superior living conditions.

According to Mr. Trần Minh Tiến, Director of Market Research and Customer Insights at One Mount Group, the surge in apartment resale activity in April 2025 was driven by three main factors:

  1. Sustained real demand, particularly from young families seeking homes in well-planned urban areas with complete infrastructure and full amenities.
  2. Cooling of the suburban land frenzy, prompting investment capital to return to more liquid, legally clear, and readily usable assets like completed apartments.
  3. Seasonal factors also played a role, as many buyers initiated transactions before Tet (Lunar New Year) but only finalized legal procedures after the holiday, causing transaction volume to concentrate in March and especially April, creating a notable liquidity “spike” early in the year.

       

Transactions Concentrated in Mega Urban Townships

In Hanoi, most transactions were concentrated in major urban complexes such as:

  • Vinhomes Ocean Park: 570 units (+48% MoM)
  • Vinhomes Smart City: 430 units (+36% MoM)
  • Vinhomes Times City: 130 units (+25% MoM)

In April 2025, Vinhomes Ocean Park recorded 590 secondary transactions, a 48% increase from March. The Sapphire subdivision continued to lead in volume, with 350 transactions (+41%), accounting for 61% of total activity in the project.
Masteri Waterfront ranked second in Ocean Park, with 70 units traded in April 2025. Its growth not only reflects the overall market’s vibrancy but also highlights a clearer buyer preference.

Meanwhile, in the west of Hanoi, Vinhomes Smart City saw 430 transactions, up 36% from March and 54% year-over-year — the highest since 2024.

Subdivisions such as The Miami, The Sakura, Masteri West Heights, and Imperia Smart City were among the most active areas due to newly delivered inventory and immediate usability.

Mr. Tiến noted that the secondary market in the first four months of 2025 is showing a clear trend: capital is shifting from low-liquidity land to completed, transferable apartments.

Stability, rental potential, living quality, and legal readiness remain key factors sustaining the secondary apartment market's appeal.

If this recovery continues in the coming quarters, the apartment resale segment will remain a critical “anchor,” helping to maintain overall liquidity in the real estate market throughout 2025.

Today’s buyers increasingly prioritize completed projects located within large urban complexes that offer convenient transportation and comprehensive amenities for modern living.