According to Mr. Nguyen Quoc Anh, the reported average price of new condominium launches at 100 million VND/m² primarily reflects newly launched projects. However, many existing properties in several districts still trade below this threshold. A notable trend is the shift from central areas to suburban locations.
For instance, while the average price in Tay Ho District stands at approximately 106 million VND/m², other areas like Bac Tu Liem (84 million VND/m²), Long Bien (67 million VND/m²), and Nam Tu Liem (77 million VND/m²) offer more affordable options. This indicates that both new and older condominiums are available below 100 million VND/m².
Another concern raised by Mr. Quoc Anh is the rapid price growth in non-central districts, which has sparked investor apprehension. For example, Thanh Tri District saw a 119% increase, with an average price of 60 million VND/m², while Gia Lam District rose by 114%, reaching 67 million VND/m².
Condominium prices in Thanh Tri and Gia Lam surged in Q3/2025 compared to Q1/2023.
Amidst this rapid price escalation, Mr. Quoc Anh notes that investors are questioning whether the market is approaching its peak. A bi-annual survey by batdongsan.com on consumer behavior in Q1/2025 included 57% male and 43% female respondents, with 83% aged 18–44—a demographic actively engaged in real estate. Thirty-four percent were from Hanoi, and 27% from Ho Chi Minh City.
Sixty-five percent of respondents reported monthly incomes between 15–50 million VND, a common range in the market. When asked about recent real estate transactions, 55% had purchased property, 10% had sold, and 64% bought for personal use, while 36% invested.
“These responses reflect survey participants and may not represent the entire market,” Mr. Quoc Anh clarified. The most sought-after property types were condominiums (34%), land (33%), and private houses (21%).
Looking ahead, 31% of respondents plan to invest in condominiums in the next 12 months. Notably, interest in private houses (33%) has surpassed land, which has seen a significant decline in popularity. This shift underscores a growing focus on residential properties and stable investments, particularly among investors.
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