According to data from Batdongsan.com.vn, Hanoi’s real estate market in Q3/2025 showed signs of recovery in interest, with prices continuing to rise but at a slower pace.
In Q3/2025, apartments remained the focal point, with prices surging by 95% compared to Q1/2023, particularly in the high-end segment in Tay Ho and Ba Dinh districts, where prices ranged from VND 130 to 210 million per square meter. This led to 56% of surveyed individuals deeming current apartment prices “inaccessible.” The escalating prices have created a significant barrier for the majority of homebuyers, especially those with genuine housing needs.
The average apartment price in Hanoi has risen from VND 37 million per square meter in Q1/2022 to VND 51 million per square meter in Q1/2024, and further to VND 81 million per square meter in Q3/2025.
Hanoi apartment prices have soared over the past three years, with supply shifting towards the suburban areas.
In the central districts, Dong Da saw the highest price growth at 111% (average price of VND 86 million per square meter), followed by Cau Giay at 99% (VND 84 million per square meter), Thanh Xuan at 98% (VND 87 million per square meter), Tay Ho at 91% (VND 106 million per square meter), and Ba Dinh at 74% (VND 128 million per square meter).
Mr. Dinh Minh Tuan, Regional Director of Batdongsan.com.vn in the Southern region, stated that since 2021, the supply of apartments in the central area has only accounted for 37%, while the suburban and peri-central areas have made up 62%. Investment capital is thus gradually shifting to satellite cities like Gia Lam, Dong Anh, and Ha Dong, where there is a more diverse range of properties.
Peri-central districts are demonstrating better price growth.
Prices in satellite areas range from VND 62 to 130 million per square meter, depending on location and product. Some projects in Dong Anh have higher prices than the average, ranging from VND 95 to 120 million per square meter.
In the peri-central areas, price growth is also notable: Thanh Tri increased by 119% to VND 59 million per square meter, Gia Lam by 114% to VND 64 million per square meter, Bac Tu Liem by 110% to VND 84 million per square meter, Ha Dong by 108% to VND 61 million per square meter, and Hoang Mai by 102% to VND 68 million per square meter.
The market considers apartment prices increasingly inaccessible.
While prices have risen sharply, the rental yield for apartments in Hanoi has dropped to its lowest level in five years. The affordable segment (below VND 35 million per square meter) and mid-range segment (VND 35-55 million per square meter) saw rental yields of approximately 2.5% and 2.2% in Q3/2025, respectively, a significant decrease from the 3.6% recorded in 2024.
Mr. Tuan believes that the rental yield for affordable apartments is now approaching that of townhouses and private houses, indicating that the market is entering a rebalancing phase after a period of rapid growth.
Investor sentiment is also shifting. While private houses were once preferred, the increasing frequency of flooding and traffic congestion in Hanoi has led to a growing demand for apartments, particularly those catering to genuine housing needs.
“In general, Hanoi’s real estate market in 2025 is characterized by two main trends: prices continue to rise but are no longer ‘hot,’ and buyers are becoming more selective, focusing on products that generate cash flow and meet real needs,” Mr. Tuan concluded.
“1,000 Affordable Apartments Sold Out in 5 Hours: Can Sunshine Group Cool Down Hanoi’s Real Estate Market?”
Recently, nearly 1,000 apartments at Sunshine Legend City were officially declared “sold out” after being distributed across various sales floors for unit matching. What sets this project apart is its starting price of just 50 million VND, which is 25% lower than comparable units in the surrounding area, attracting over 4,000 booking inquiries.
Tax Real Estate Soon to Cool Down Soaring Housing Prices
Amidst the relentless surge in housing prices, which fail to accurately reflect true market value, experts advocate for the prompt implementation of a property tax to curb escalating home costs.
Soaring Home Prices: A 26-Year Grind to Afford a Condo
In Vietnam, it takes an average government employee nearly 26 years of work to afford a condominium. This stark reality highlights the rapid rise in property prices, which have outpaced income growth, creating a significant disparity compared to global averages.
Hanoi Apartment Prices Skyrocket by 300%
Over the past decade, apartment prices in Hanoi have tripled, making the dream of homeownership increasingly unattainable for many.
“Are Hanoi Condo Prices on an Ever-Increasing Trajectory? Will There Be Another ‘Frenzy’ by Year-End?”
The Hanoi apartment market is experiencing a continuous surge in prices, leaving investors wondering if a new frenzy of apartment hunting will ensue towards the year’s end.
