The Hanoi Apartment Resale Market is Witnessing a Turnaround: Transactions Reach Approximately 3,400 Units – the Highest in the Last 12 Months

According to data from the One Mount Group’s Market Research and Customer Insight Center, the total number of secondary transactions in the market reached approximately 7,600 units, a 67% increase compared to March, and higher than the market average of 6,150 units per month.

In the overall picture of the resale market, the apartment segment accounted for about 3,400 units, a 39% increase from the previous month, and the highest in the past 12 months (since May 2024). Compared to the “bottom” of 1,000 units traded in February 2025, the market has witnessed two consecutive months of growth, surpassing the average of 2,650 units per month.

Mr. Tran Minh Tien, Director of the One Mount Group’s Market Research and Customer Insight Center, attributed the breakthrough in the resale apartment market in April 2025 to the synergy of three main driving forces.

First, the demand for real housing remains high, especially among young families who tend to seek residences in well-planned urban areas with complete infrastructure and ample amenities.

Second, the land fever in the outlying provinces is cooling down, causing investment funds to flow back into highly liquid real estate products with clear legal status and immediate exploitation potential, such as already-delivered apartments.

Third, seasonal factors also played a significant role. Many customers had transaction needs before Tet, but only completed legal procedures and transfer paperwork after the holiday. This led to a concentration of transactions in March and especially April 2025, creating a clear “fallout” in liquidity during the early part of the year.

Capital flows into large urban areas

In Hanoi, the majority of transactions were concentrated in large urban areas such as Vinhomes Ocean Park (570 units), Vinhomes Smart City (430 units), and Vinhomes Times City (130 units), increasing by 48%, 36%, and 25%, respectively, compared to the previous month.

According to the market research unit, secondary transactions in Vinhomes Ocean Park reached 590 in April 2025, a 48% increase from the previous month. Sapphire continues to be the subdivision with the highest transaction volume, with 350 transactions, up 41% month-on-month and accounting for 61% of the transactions in Vinhomes Ocean Park.

Notably, Masteri Waterfront recorded the second-highest number of secondary transactions in Vinhomes Ocean Park 1, with 70 units traded in April 2025.

Meanwhile, in the western region, the entire Vinhomes Smart City saw 430 transactions, a 36% increase from March and a 54% increase from the same period last year, setting a record since 2024.

“Factors such as inter-regional connectivity, quality of delivery, and the ecosystem of utilities are becoming important filters in consumers’ purchasing decisions,” added Mr. Tran Minh Tien. “Today’s buyers are not just looking at price or area; they are paying more attention to the actual utility value and stable profit potential.”

The performance of the secondary market in the first four months of 2025 indicates a clear trend: capital is being strongly regulated from illiquid land to resale apartments that have been delivered. Stability, rental potential, quality of life, and readily available legal status continue to be the factors that attract buyers to the secondary apartment market.

“If this recovery momentum is maintained in the coming quarters, the resale apartment segment will continue to play a crucial role in maintaining liquidity for the entire real estate market in 2025,” said Mr. Tran Minh Tien.