The Hanoi real estate market is witnessing a strong comeback of diverse property projects across the city in Q2 2025.
While the market witnessed a contraction in 2023-2024, with new supply mainly concentrated in the East and West, the second quarter of 2025 sees a different story. Hanoi is experiencing a robust comeback of real estate projects across all four directions: East, West, South, and North. This balanced distribution not only contributes to a more equitable supply but also expands housing accessibility for a wider range of buyers with varying financial capabilities.
“The primary market in the first five months of 2025 is marked not only by an increase in the number of apartments compared to the 2021-2024 average but also by a diversity of locations and segments, ranging from middle to high-end and from social housing to luxury apartments,” said Mr. Tran Minh Tien, Director of the One Mount Group’s Market Research and Customer Insight Center. “This indicates the return of projects that were once introduced to the market but not implemented.”
New prominent projects like Masteri Trinity Square and The Paris are energizing the market.
Notable new developments, such as Masteri Trinity Square (Vinhomes Ocean Park 2), The Paris (Vinhomes Ocean Park), Kepler Land (Mo Lao, Ha Dong), and The Cosmopolitan (Vinhomes Global Gate), are simultaneously launching sales, invigorating the market in May. Additionally, several projects are in the booking phase and expected to be released in June, including Lumière Cổ Loa (Masterise Homes), The Matrix One Premium (MIK Group), Galia Hanoi (MeyLand), Greenera Southmark (Ramond Holdings), Westlake Residential, Ruby Riverside, and Noble Crystal Long Bien, to name a few.
According to One Mount Group’s forecast, the total primary apartment supply in Hanoi by the end of Q2 may surpass 8,000 units, doubling that of Q1 and approaching the peak witnessed in Q3/2024, when the market experienced a short-term breakthrough after a prolonged stagnation.
Apartments remain the most sought-after property type, with 50% of buyers planning to purchase in the next two years.
A survey conducted by the One Mount Group in May 2025 in Hanoi revealed that apartments are the most sought-after property type, accounting for 50% of preferences. Notably, 88% of respondents intend to buy within the next two years, indicating strong short-term purchasing power. The primary buyer demographic falls in the 35-44 age group, but there is also a significant proportion of younger buyers aged 18-34, reflecting a growing trend of early homeownership aspirations.
Mr. Tran Minh Tien attributes the preference for apartments among young buyers to their desire for modern and amenity-rich living spaces.
Analyzing the trend, Mr. Tran Minh Tien remarked, “The trend of a younger buyer demographic is becoming more pronounced, and this cohort typically seeks modern and amenity-rich living spaces. Hence, it’s no surprise that apartments continue to be the preferred choice.”
The East of Hanoi and Van Giang, Hung Yen, are expected to remain hotspots, accounting for 40-50% of new supply.
Hanoi’s Real Estate Market Outlook for Q2 2025
Looking at the Q2 2025 market outlook, the East of Hanoi and Van Giang, Hung Yen, are expected to remain hotspots, accounting for 40-50% of new supply. Their appeal lies in competitive pricing, improved infrastructure, and the trend of decentralizing away from the city center.
Summarizing the market performance in May, the One Mount Group representative emphasized, “The market in 2025 has the three critical elements to sustain the growth momentum from 2024: abundant supply, stable demand, and gradually restoring confidence. If the macroeconomic factors remain stable, liquidity is likely to improve in the next quarter. The key to seizing the new market cycle lies in the strategic choices of location, clear legal framework, and growth potential.”
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