According to One Mount Group data, Hanoi’s real estate market recorded a total of 18,300 transactions in Q1/2025, including 8,300 primary market transactions (direct purchases from developers) and 10,100 secondary market transactions (resales). This represents a 14% decrease compared to the same period in 2024.

 

The slight drop in transaction volume reflects growing caution among both investors and genuine homebuyers amid macroeconomic challenges such as tightened credit, complex legal procedures, and the continued filtering out of non-transparent projects.

 

In addition, the sustained price hikes—particularly in the apartment segment—have made homeownership increasingly difficult for many.

 

   

 

 

 

Transactions in central districts such as Ba Dinh, Hoan Kiem, and Dong Da have declined significantly—mainly due to high prices and limited land supply. Conversely, outlying districts like Dong Anh, Hoai Duc, Thanh Tri, and Gia Lam have recorded stronger interest and better liquidity, particularly in landed houses and mid-end apartment segments.

 

According to One Mount Group, new apartment sales in Q1/2025 dropped to around 3,200 units—a 71% drop quarter-on-quarter and a 23% year-on-year decrease. The cumulative absorption rate for the quarter was only 80%.

 

Additionally, the inner-city land plot and townhouse segments have cooled down, while suburban areas have maintained appeal due to more affordable prices and improved infrastructure planning.

 

 

The shortage of new project launches continues in Hanoi’s real estate market. However, from early 2025, the situation has slightly improved as a few developers began introducing new projects.

 

New supply is mainly concentrated in major projects in Gia Lam, Dong Anh, and Thach That, most of which target the high-end and luxury segments. Many developers are accelerating legal approvals in hopes of launching products in the second half of 2025—especially now that buyer sentiment is gradually recovering.

 

 

Online data from Batdongsan.com.vn shows that since early March, property search interest in Hanoi has rebounded—up 27% compared to February.

 

Data from Savills and major exchanges indicates that demand for mid-range apartments and low-rise houses is increasing—mainly among end-users rather than speculators. This is a positive sign that the market is returning to its real demand base, rather than speculative "fevers" like those seen in 2020–2021.

 

Housing prices, especially for apartments, have risen sharply, while new supply remains scarce and buyer sentiment remains cautious. This has led to reduced speculation and stronger demand from genuine homebuyers.

 

In summary, Hanoi’s property market in early 2025 is in a stable—cleansing—accumulation phase, with liquidity centered around reasonably priced and legally transparent segments. Buyer sentiment is improving but remains selective and cautious before committing.

 

 

 

Hanoi’s apartment market is entering a stabilization phase after a prolonged price surge from 2021 through early 2024. In Q1/2025, prices rose modestly—only 1.5–2% over the previous quarter—far below previous peaks.

 

According to Batdongsan.com.vn, the average price for Hanoi apartments in Q1/2025 reached VND 63 million/m², up about 61.5% from VND 39 million/m² in early 2023. Prices are now stabilizing but remain high.

 

                                   

 

New supply mainly comes from suburban districts like Gia Lam, Dong Anh, Thach That, and Thanh Tri, which benefit from synchronized urban planning and connectivity to Ring Road 3 and Metro Line 1. Notably, Dong Anh is home to two premium projects—Imperia Signature Co Loa and Masteri Grand Avenue—priced from VND 90–120 million/m².

 

Affordable apartments remain unavailable, as no new projects priced below VND 30 million/m² have been launched since 2022. This puts heavy pressure on low-income buyers.

 

Meanwhile, mid- and high-end apartments priced between VND 45–70 million/m² continue to see solid demand, particularly for projects with clear legal status, strong construction progress, and flexible sales policies (such as interest subsidies and extended payment schedules).

 

 

Low-rise properties—including villas, townhouses, and shophouses—are gradually recovering from a slowdown in 2023. According to CBRE, new supply in 2025 is expected to exceed 7,000 units, coming from urban areas like Dan Phuong, Long Bien, and Tay Ho Tay.

 

These homes offer large plots, open designs, low construction density, and ease of resale. However, high prices mean that buyers are primarily financially stable individuals or end-users, with few short-term investors.

 

Noteworthy projects include Sunshine Capital Tay Thang Long, Vinhomes Wonder Park, and BRG Smart City Dong Anh—launched with prices ranging from VND 85–150 million/m² depending on location and property type.

 

In 2024, Hanoi saw a boom in low-rise supply, with over 6,300 townhouses and villas launched—mainly from new sales phases in Dong Anh and Ha Dong. New supply in 2024 doubled compared to 2023.

 

Absorption remained steady, with over 6,100 units sold in 2024—up 43% year-on-year.

 

 

Land plots have rebounded sharply in early 2025—especially in areas receiving major infrastructure investment and under consideration for administrative upgrades.

 

According to Batdongsan.com.vn, in March 2025, searches for land plots surged: up 52% in Hanoi, 31% in Ho Chi Minh City, and 54% in other provinces compared to February. Land prices in March 2025 rose by 42% in Hanoi, 7% in HCMC, and up to 67% in other provinces compared to January 2023.

 

Three districts saw the highest price increases:

Hoai Duc: +81% from early 2023

Dong Anh: +53%

Thanh Oai: +90%

 

These increases are driven by planning information, administrative upgrades, and suburban migration trends. Plots with completed infrastructure and red books, sized 50–80m², are most in demand.

 

Experts warn investors not to follow rumors and only buy in areas with clear legal titles and approved planning to avoid capital lock-in risks.