Impressive Opening Figures for 2025
The condo market has witnessed impressive developments in early 2025. According to the Q1/2025 report by the Vietnam Real Estate Brokers Association, condo transactions accounted for 72% of the total market volume in the quarter. Hanoi was a notable highlight, with primary condo prices reaching 79 million VND/sqm, a 2.5% increase from the previous quarter and a significant 77.6% surge compared to Q3/2019. The leading position in terms of transactions and price growth demonstrates the crucial role of real demand in sustaining market stability.
Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, attributed the sustained high condo prices to a combination of factors, including limited land availability in major cities, changes in land price frames, and rising construction material and labor costs. Moreover, new supply remains scarce due to land constraints, channeling transaction funds into newly launched condo projects and driving up prices. Despite the high prices, the market maintains stable liquidity thanks to robust real demand. This enormous and ever-present demand makes condos the primary driver of the market, especially during the recent turbulent times.
Projects that fulfill comprehensive criteria regarding transparent and solid legal foundations and superior construction quality always act as a “magnet” for customers.
Sharing the same viewpoint at Savills’ Q1/2025 press conference, Ms. Do Thu Hang, Senior Director of Research and Consulting at Savills Hanoi, stated that new supply in Q1/2025 reached over 7,900 units, with transaction volume recorded at 7,914 units, an increase from the previous year. This indicates the market’s stability and robust demand.
“Limited land availability, coupled with strong demand, has led to a 5% increase in primary selling prices compared to the previous quarter and a double-digit rise compared to the same period last year,” said Ms. Hang. “This reflects customers’ continued faith in choosing condos for both living and investment purposes.”
The Charm An Hung: Strong Appeal to Real Buyers
Mr. Dinh emphasized that, within the context of condo market growth, projects that fulfill comprehensive criteria regarding transparent and solid legal foundations, superior construction quality, clear progress, and well-connected infrastructure would always attract investors’ capital.
The Charm An Hung stands out as a bright spot in this landscape, significantly contributing to the positive growth of the Hanoi condo market in the past period. Beyond being a mere residence, The Charm An Hung embodies a declaration of authentic living values by satisfying criteria such as comprehensive and transparent legal foundations, superior construction quality, assured progress, well-connected infrastructure, and a comprehensive range of amenities.
The Charm An Hung also boasts several competitive advantages that not every project can offer. Located at a prime location in the western gateway, right on Nguyen Thanh Binh – To Huu Street, The Charm An Hung enjoys flexible connectivity to the city center and surrounding key areas. The recently inaugurated Le Quang Dao Road, connecting to Ha Dong, has reduced the distance from the My Dinh National Stadium to this area to just 15 minutes.
The Charm An Hung possesses competitive advantages that set it apart from other projects.
The area’s infrastructure has been synchronously developed, surrounded by a system of schools, hospitals, and the vast Astronomy Park, along with existing commercial centers such as Aeon Mall Ha Dong and Metro Ha Dong. This integration creates a harmonious, convenient, modern, and green living environment.
With a total area of 16,256 sqm, The Charm An Hung features a modern planning design comprising two 30-story condo buildings, three spacious basement levels, and three bustling commercial podium floors. The project offers 592 long-term ownership apartments, expected to be handed over in Q2 2026.
According to various sources, The Charm An Hung is among the few projects scheduled for delivery in mid-2026. The swift construction progress and comprehensive, transparent legal foundations are not only a “golden” commitment from the investor but also a guarantee of customer confidence in a market that has witnessed projects stalled due to legal entanglements.
The comprehensive range of amenities at The Charm An Hung creates an ideal living environment for the entire family.
In addition to meticulous design, The Charm An Hung also stands out with its diverse amenities: from supermarkets, sports facilities, and premium healthcare services to an international-standard kindergarten. Together, they create a convenient, modern, and humane living environment for today’s residents.
From the very first day of sales (March 1, 2025), the project recorded an impressive liquidity rate, with two-thirds of the total apartments sold. This figure vividly illustrates The Charm An Hung’s market appeal, not only by “hitting” the real demand but also by affirming its position as a safe and promising investment channel in the context of the real estate market transformation in 2025.
The Expert’s Paradox: When Supply Increases, Prices Should Decrease, But Not in This Case.
Mr. Nguyen Van Dinh, Vice President of the Vietnam Real Estate Association, shared his insights on the country’s real estate market. He noted that it is unlikely for property prices to decrease and that there are indications of rising prices. Interestingly, he pointed out a contradiction where an improvement in supply should, in theory, lead to lower selling prices. However, in the current market, supply is increasing, but prices remain high.
The New Era of Hanoi Real Estate: Unlocking the Post-August 1st Chapter
Mrs. Do Thi Thu Hang, Senior Director of Consulting and Research at Savills Hanoi, believes that with the official early enactment of the Land Law, Housing Law, and Real Estate Business Law on August 1st, many issues in the market will be addressed, and the impacts will be felt more swiftly.
Real Estate Forecast for the Second Half of 2024: Too Soon to Call a Market Recovery
The real estate market is expected to witness a positive shift in the latter half of 2024. This optimistic outlook is attributed to a combination of factors, including the impact of newly enacted laws, a rebound in supply and demand dynamics, and the availability of financial resources that have been meticulously prepared by stakeholders over time.
Hanoi Apartment Prices Surge to Nearly $2,600 per sqm, Will the Increase Continue?
New apartment prices in Hanoi are averaging VND 59 million per square meter, according to experts – marking a steady five-year increase with little sign of abating and potential for further growth.
