Hanoi apartment prices to rise by up to 20% by year-end, CBRE says
Hanoi’s apartment market stays buoyant with rising prices and expanding supply while experts warn of growing affordability challenges.
THE HANOI TIMES — Property analyst CBRE Vietnam has forecasted that secondary apartment prices in Hanoi will continue to rise at a pace of 20% year-on-year until the end of 2025.
Although this is lower than the growth rate recorded in 2024, it remains relatively high, according to CBRE Vietnam.
The apartment sector in Hanoi has demonstrated the strongest rebound. Photo: Kinh te & Do thi Newspaper
The company said that the new supply in Q4 will exceed 11,100 units, pushing the total number of new launches for the year to over 32,300 units, higher than in 2024.
The market will benefit from a more diverse supply, especially in the VND50 million – VND60 million (US$2,000-2,400) per square meter segment, which is expected to help rebalance market dynamics.
Nguyen Hoai An, Senior Director of CBRE Vietnam in Hanoi, noted that diversifying supply, enhancing infrastructure connectivity and effective market regulation by authorities will be key to maintaining a stable and healthy apartment market in the 2026-2027 period.
In Q3, the Hanoi market recorded over 10,300 new apartment launches, marking the second quarter in five years to surpass the 10,000-unit threshold. Transactions reached 11,100 units, the highest quarterly level since 2018.
Notably, projects priced above VND120 million ($4,800) per square meter accounted for more than 2,000 new units, concentrated in Tay Ho, Cau Giay and Long Bien wards.
The average primary price in Hanoi has now exceeded VND90 million ($3,600) per square meter, surpassing that of Ho Chi Minh City and rising 41% year-on-year.
Despite the high price levels, absorption rates remain strong at 70–80%, indicating steady investment demand.
On the secondary market, the average price reached VND58 million ($2,320) per square meter, up 19% year-on-year, suggesting continued price growth albeit at a slower pace than in 2024.
Overall, Hanoi’s housing price index continues its upward trajectory, reflecting a vibrant market but also raising concerns about sustainability, as homebuyers’ affordability is becoming increasingly polarized.
