The primary market saw a contrasting trend, with apartment prices in Q1 2025 rising by 5-10% compared to the previous quarter. According to Batdongsan.com.vn, many owners in Hanoi have accepted price reductions of VND 100 to 200 million per apartment to expedite sales.
“The secondary market is facing significant liquidity pressure”, said a representative from Batdongsan.com.vn.
Specifically, a two-bedroom, one-bathroom apartment in Cau Giay District is on the market for VND 4.3 billion, a reduction of VND 100-200 million compared to late 2024. In the A14 Nam Trung Yen area (Cau Giay District), similar apartments previously listed for VND 3.6-3.7 billion are now priced at VND 3.4-3.5 billion. Meanwhile, a 64-square-meter apartment in Thanh Xuan District, previously offered at VND 5.2 billion, has been adjusted to VND 5 billion.
This trend is also evident in Nam Tu Liem District, where two-bedroom apartments were priced between VND 3.4 and 3.6 billion at the end of 2024 but now sell for VND 3.2-3.3 billion, a decrease of about VND 200-300 million each. Three-bedroom apartments in the same project have also seen slight decreases, from VND 3.7-3.8 billion to VND 3.5-3.6 billion.
Some Hanoi real estate brokers say the apartment market is showing signs of stagnation and is unlikely to experience a feverish situation in 2025 due to improving supply. As a result, many homeowners have become more flexible in adjusting prices, willing to reduce prices by VND 100 to 200 million from the initial listing price to quickly recoup their money.
Source: Batdongsan.com.vn
However, some argue that this price reduction could be a marketing tactic to create an attractive impression for buyers as market competition intensifies.
According to Batdongsan.com.vn, the gap between supply and demand has been the main driver of Hanoi apartment prices in the past. Still, experts predict that in 2025, condo prices will not continue to rise sharply. If there is an increase, it will only be minor and localized. It is unlikely that homeowners will continuously push prices higher; instead, they will have to offer more reasonable prices to achieve liquidity.
Ms. Do Thu Hang, Senior Director of Savills Hanoi, believes that condo prices in 2025 are unlikely to drop significantly and will likely remain stable or increase slightly. Regarding the price reductions on the secondary market, she attributes them not to loss-cutting but to homeowners who have already profited and are now lowering their profit expectations to secure a gain.
The Capital’s Cooling Condo Market: A Post-Frenzy Standstill in Hanoi’s Property Prices
There are signs that apartment prices in many areas of Hanoi are stabilizing, with no further increases in sight. As a result, many sellers are willing to take a loss and offer discounts of up to VND 100-300 million per apartment to find buyers.
The Ultimate Renovation: Old Communal Apartments Reach Sky-High Prices of Over 100 Million VND per square meter.
The decades-old apartment buildings, once considered outdated, are experiencing a sudden surge in value as news of potential redevelopment spreads. With the prospect of modern upgrades and improved living conditions, property owners and real estate agents are demanding sky-high prices, with some quoting over 100 million VND per square meter based on the red book area.
The Capital’s Property Market Stalls: Hanoi’s Real Estate Prices Stall, Listing Slashed by Hundreds of Millions after Just a Few Days
The Hanoi property market is showing signs of cooling off after a prolonged period of price hikes. In some areas, there have been reports of significant price reductions on property listings, with some properties being offered for hundreds of millions of dong less just days after their initial listing.
A Modest $270 Million of Corporate Bonds Were Repurchased Prematurely in November
Data from the Vietnam Bond Market Association (VBMA), compiled from HNX and SSC sources, revealed that there were 29 private corporate bond issuances valued at approximately VND 24.4 trillion in November 2024.
The Capital’s Condo Prices Plateau
After consecutive quarters of increases, Hanoi’s condo prices are showing signs of stabilization, with some areas even experiencing slight declines.
