Soaring Apartment Prices
About a decade ago, the average apartment price in Hanoi ranged between 18–25 million VND/m². By 2024–2025, the average price in the primary market has surged past 50–70 million VND/m², with many high-end projects in central and western areas reaching 100–150 million VND/m². In just 10 years, prices have tripled.
In 2015, thousands of apartments in the HH complex of 12 buildings at Linh Đàm Urban Area, Hoàng Liệt Ward, were sold for 13.5–15.5 million VND/m². After a decade, these units have seen significant price increases.
Currently, apartments in the HH Linh Đàm complex are listed at 35–40 million VND/m². Units with prime locations and renovated interiors fetch 40–45 million VND/m².
Hanoi apartment prices have surged over threefold in a decade. Pictured: The HH complex of 12 buildings at Linh Đàm Urban Area, Hoàng Liệt Ward.
Similarly, the Đồng Mô Đại Kim social housing project (commercially known as Đại Kim Building) in Định Công Ward initially sold for nearly 15 million VND/m². After more than 7 years, some units are now listed at 70–80 million VND/m² (a fivefold increase from the launch price).
Even newer projects, less than 5 years old, have seen prices nearly triple. For instance, at Phương Đông Green Park (Yên Sở Ward), units were sold for 27–30 million VND/m² in 2020. Today, they are listed at 75–80 million VND/m², depending on location.
According to real estate market research firms, several factors have driven Hanoi’s apartment prices upward over the past decade: limited land availability, a shift toward mid- to high-end products by developers, rising construction and material costs, and urban infrastructure expansion.
The Elusive Dream of Homeownership
While apartment prices in Hanoi have more than tripled in 10 years, average worker incomes have only grown by 6–7% annually. This disparity has made homeownership an increasingly distant dream for many.
Soaring apartment prices in Hanoi, coupled with stagnant incomes, have made the dream of homeownership increasingly unattainable for many residents.
Data from the Vietnam Real Estate Market Research Institute (VARS IRE) shows that in Hanoi, average monthly income rose from 4.1 million VND in 2014 to 8.3 million VND by mid-2025.
Meanwhile, average apartment prices have tripled, from 25 million VND/m² to 75.5 million VND/m².
In 2014, a dual-income household earning the average wage would need 18 years to save enough for a 70 m², two-bedroom apartment (valued at 1.75 billion VND). Today, with the same income and an apartment price of 5.3 billion VND, the same household would require nearly 27 years to achieve homeownership.
According to VARS IRE, without comprehensive policies to develop affordable and social housing, coupled with strict price controls, the dream of homeownership will remain out of reach for most young people…
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The soaring prices of new apartment projects in Hanoi have reached staggering levels, with per square meter costs running into the hundreds of millions of dong. This has forced many young couples to consider pre-owned apartments, only to be met with further sticker shock as prices continue to climb relentlessly.
The Dream Home: Turning Your Vision into Reality at The Felix Project
In a crowded real estate market, the launch of The Felix, a C-Holdings development, coupled with ACB’s “First Home” loan package, offers a distinct advantage: it provides home buyers with a tailored financial solution. With its attractive terms, the project sold out quickly, and it is now in the stage of buyers finalizing their financial arrangements.
Danang Releases 300+ Affordable Housing Units, Starting from VND 700 Million per Unit
The Danang Construction Corporation is proud to announce the release of a new residential project: Bàu Tràm Lakeside. This vibrant, eco-friendly urban development offers a unique opportunity to secure a home in an idyllic, nature-rich setting. With a focus on sustainable living and a vibrant community, Bàu Tràm Lakeside presents an exciting prospect for those seeking a harmonious balance between modern convenience and a tranquil, natural escape.
Danang Unveils Hundreds of New Affordable Housing Units
On September 6th, the Danang Department of Construction announced the release of affordable housing units for sale at the B4-2 lot in the Bau Tram Green Urban Area (Hai Van Ward).
