Interest in Hanoi apartments is on the rise again
Batdongsan.com.vn's real estate market report for May and the first 5 months of 2025 shows that May saw a sharp increase in interest in apartments in Hanoi, up 9% compared to April. This is the only segment with clear growth in the context of other types of decline: land plots decreased by 15%, private houses and townhouses both decreased by 8%, villas decreased by 4%.
In provinces bordering Hanoi, interest in apartments increased even more strongly, reaching 19% in May – reflecting real demand along with the attraction of new projects with competitive prices.
Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com.vn commented that the return of the apartment segment is a sign that investors and buyers are prioritizing products with cash flow and liquidity.
"When the market becomes unstable, investors often return to apartments as a safer choice," said Mr. Quoc Anh.
Data also shows that the number of apartment listings in Hanoi and the northern provinces increased slightly in May, by 6% and 7% respectively, demonstrating the return of initiative from trading floors and sellers.
Meanwhile, Ho Chi Minh City recorded growth across all segments in May. Of which, villas increased by 22%, apartments increased by 17%, land and private houses both increased by 7%, and townhouses increased by 4%.
Apartment prices in Ho Chi Minh City continue to increase, currently reaching an average of about 60 million VND/m2, an increase of 46% compared to the first quarter of 2021. Rental prices also increased by about 9%, reaching 12 million VND/apartment. Binh Duong continues to be a real estate hotspot in the Southern region (outside Ho Chi Minh City) in terms of interest.
Northern land prices remain high
Also according to Batdongsan.com.vn’s report, after peaking in March, the land segment in the northern provinces (outside Hanoi) recorded a slight decrease in interest in May – reflecting cautious sentiment after information about reciprocal taxes. However, compared to the same period last year, interest levels still increased, especially in Bac Ninh (up 43%), Hung Yen (38%), and Bac Giang (36%).
In terms of prices, land prices in the northern provinces remain high, and many places have increased sharply compared to the beginning of the year. Hoa Binh leads with a 67% increase compared to January 2024, Hung Yen increased by 59%, Vinh Phuc increased by 47%, and Bac Giang increased by 39%. Bac Ninh also recorded a 20% increase and continued to increase by 3% compared to March 2025. Quang Ninh increased by 12%. Hai Phong remained almost unchanged.
Meanwhile, the Central market witnessed a shift in purchasing power from land to apartments and villas. In Da Nang, May saw an impressive increase in interest in apartments (19%) and villas (18%). Meanwhile, land decreased by 9%, townhouses decreased by 6%, and private houses decreased by 1%.
In other Central provinces, interest was more evenly distributed: villas increased by 15%, private houses increased by 9%, apartments increased by 8%, and land increased slightly by 2%. However, land is still the main segment in this area.
After the peak in March, the Central market also recorded a slowing trend due to the impact of the long holiday, information on tax policies and investors' waiting psychology related to the proposal to merge administrative boundaries.
Source: https://doanhnghiepvn.vn/kinh-te/bat-dong-san/dat-nen-chung-lai-chung-cu-hut-khach/20250617054824491
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