Hanoi apartment prices forecast to further increase 10%: CBRE
Apartment prices in Hanoi are forecast to continue climbing by an additional 10% due to low supply, property service firm CBRE said in a report.
The report showed that the housing market in Hanoi continued to see scarce supply in the first quarter of this year. New supply mainly came from high-end apartment projects in the west of the city, with more than 2,300 apartments and 30 low-rise houses put up for sale.
The number of new apartments for sale increased 11% in Q1 from a year earlier, but was still lower than the 3,000-4,000 units recorded in Q1 of 2021 and 2022.

Apartment buildings in a highly-dense area in Hanoi. Photo by The Investor/Trong Hieu.
Apartment absorption was relatively positive in Hanoi, with more than 2,000 units sold, equivalent to that in Q1/2023.
CBRE said that the biggest bright spot in the primary housing real estate market came from projects that are currently accepting reservations. For example, a project in Tay Mo ward, Nam Tu Liem district was oversubscribed with 4,500 reservations. This project, along with many others recently opened for sale in Hanoi, is attracting interest from local customers and people based in Ho Chi Minh City.
Notably, the average selling prices of projects in Hanoi in both the primary and secondary markets have increased rapidly and are gradually approaching HCMC levels. Most of the new supply was in the high-end segment, pushing up primary selling prices. The average primary selling price has reached VND56 million ($2,240) per square meter (excluding VAT and maintenance costs), an increase of 5% quarter-on-quarter and 19% year-on-year.
In the secondary market, apartment prices recorded the highest ever hike of 17% in Q1 over the same period last year, reaching VND36 million ($1,440) per sqm. Strong growth was seen in most districts in Hanoi, especially in the west where supply is abundant and the population is dense.
Nguyen Hoai An, senior director of research and consulting at CBRE Vietnam, said that interest in apartments in Hanoi is increasing. Meanwhile, the villa and row house segments remain quiet.
For landed real estate, nearly 300 units were sold in Q1, down 73% year-on-year. However, many projects recorded positive absorption rates. For example, a project in Nam Tu Liem district offered nearly 700 new units for sale, about 80% of which were sold. A low-rise housing project in Ha Dong district that opened for sale at the end of 2023 has also sold nearly 90% of its portfolio.
Primary selling prices in this segment have continued to rise and reached more than VND190 million ($7,600) per sqm in Q1, up 4% from Q4/2023, mainly because new supply remained limited. Secondary selling prices also began to rise again, hitting an average of nearly VND160 million ($6,400) per sqm, up 1% quarter-on-quarter.
This year, the Hanoi market is expecting more than 12,000 new apartments launched for sale, an increase of nearly 20%. New supply continues to concentrate in the high-end segment, causing primary prices in 2024 to remain high and possibly increase by 10% year-on-year. Meanwhile, the secondary selling prices of apartments, after fluctuating over the past two years, are expected to gradually level out thanks to abundant new supply in the coming quarters.
New supply of landed properties is estimated at more than 5,500 units, mainly in large urban areas, contributing to livening up the market.
According to Duong Thuy Dung, executive director at CBRE Vietnam, signs of a recovery in Vietnam's economy and the government's moves to accelerate the enforcement of the revised 2024 Land Law have contributed to enhancing investor sentiment.
"This year is considered a pivotal year for the market to transition to a new, healthier, and more sustainable stage of development. Market players will benefit from home purchase and rental policies with many attractive incentives," she said.
- Read More
Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province
Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.
Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7
Vietnam willing to open doors to US agricultural products: minister
Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.
Economy - Thu, March 27, 2025 | 3:08 pm GMT+7
S Korea chaebol Lotte eyes hypermarket in northern Vietnam
South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.
Industries - Thu, March 27, 2025 | 12:15 pm GMT+7
Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam
PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.
Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7
S Korea's SK set to divest from Vietnam's giant Vingroup
South Korean chaebol SK Group is set to divest from Vietnamese conglomerate Vingroup, according to the former’s annual report 2024.
Companies - Thu, March 27, 2025 | 11:30 am GMT+7
StanChart adjusts USD/VND exchange rate forecast amid changing economic trends
Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.
Economy - Thu, March 27, 2025 | 9:29 am GMT+7
Fund inflows help stabilize Vietnam's stock market: analyst
As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).
Finance - Thu, March 27, 2025 | 8:30 am GMT+7
VSIP begins work on industrial park project in northern Vietnam province Thai Binh
Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.
Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7
Vingroup starts building mega urban project in Vietnam's Mekong Delta
Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.
Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7
Indonesia, China cooperate in digital technology
Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.
Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7
Indonesia decides to join BRICS New Development Bank
Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.
Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7
Major Vietnamese broker SHS to double charter capital
Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.
Companies - Wed, March 26, 2025 | 8:30 pm GMT+7
Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam
Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.
Industries - Wed, March 26, 2025 | 5:18 pm GMT+7
Danish toymaker Lego to open $1.3 bln Vietnam plant next month
Denmark's Lego will officially open its factory in VSIP III Industrial Park in Vietnam's southern province of Binh Duong on April 9.
Industries - Wed, March 26, 2025 | 4:18 pm GMT+7
Top Singaporean firms earn high incomes in Vietnam
Singapore is the second-biggest foreign investor in Vietnam, with over $84 billion in registered investment capital as of end-January and many prominent investors raking in high incomes.
Companies - Wed, March 26, 2025 | 3:45 pm GMT+7
Vietnam, Singapore ink significant deals in Hanoi
Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong on Wednesday witnessed the signing of many cooperation deals between agencies and enterprises of the two countries.
Economy - Wed, March 26, 2025 | 2:51 pm GMT+7