Hanoi housing prices surge sharply in Q3/2025 amid limited supply
Hanoi apartment prices remained high in Q3/2025, rising sharply amid limited supply and growing affordability concerns.
THE HANOI TIMES — Apartment prices across Hanoi rose sharply to an average of VND95 million ($3,610) per square meter in Q3/2025, with more than 43% of new projects priced above VND120 million ($4,560) per square meter, according to the Ministry of Construction.
Apartment prices in Hanoi continue to climb steadily. Photo: Pham Hung/The Hanoi Times
In the high-end segment, apartments in Cau Giay and Tay Ho wards climbed to VND180 million ($6,840) per square meter such as Sun Feliza Suites Cau Giay, Starlake Tay Ho Tay and The Nelson Private Residences.
At other developments, prices ranged from VND130 million ($4,940) and to nearly VND150 million ($5,700) per square meter, including Lancaster Legacy, Heritage West Lake, Discovery Complex and Vinhomes Global Gate.
Ho Chi Minh City recorded a similar price surge. The average primary selling price reached VND91 million ($3,450) per square meter, while many central projects hit VND120 million – VND150 million ($4,560 - $5,700) per square meter.
In the luxury segment, The Opusk Residence reached VND290 million ($11,000) per square meter, while The Metropole Thu Thiem hit VND225 million ($8,550) per square meter.
Villas and townhouses also saw a slight price increase of 1%–3% compared to Q2/2025.
In Hanoi, projects such as Ciputra, Embassy Garden, The Manor Central Park, An Vuong Villa and Pandora Trieu Khuc were listed from VND270 million ($10,260) to VND395 million ($15,000) per square meter.
In Ho Chi Minh City, this segment stayed stable at high prices. The 9 Stellars, The Classia and The Rivus Elie Saab recorded listings up to VND500 million ($19,000) per square meter.
Other provinces and cities such as Danang, Khanh Hoa and Ninh Binh also saw moderate price increases, especially in riverside and seaside urban areas with strong tourism and service infrastructure.
Despite higher prices, real estate transactions fell during Q3. About 136,680 transactions were recorded, down 13% from Q2 and 3% year-on-year.
Of these, apartments and private houses accounted for more than 32,100 transactions. This figure dropped nearly 7% from the previous quarter and 16.4% year-on-year. Land plot sales fell 14.7% from Q2 to some 104,500 successful transactions.
Fewer transactions led to higher inventories of apartments and houses. Reports from 22 out of 34 provinces showed that inventories at projects reached about 26,700 units, including 6,300 apartments, 12,300 houses and 8,100 land plots.
According to the Ministry of Construction, apartment prices in Hanoi and Ho Chi Minh City surged due to scarce land, rising input costs, slow legal processes and high expectations from developers.
The ministry is drafting new policies to control and stabilize real estate prices as directed by the Prime Minister. These regulations will also strengthen inspection and supervision of property activities across localities and businesses.
New policies will feature strict penalties for violations such as illegal fundraising, unqualified property trading, misinformation, price manipulation and fraud in areas showing unusual price increases.
