According to One Mount’s Q3/2025 report on Hanoi’s secondary apartment market, transactions reached approximately 10,700, a 14% increase compared to the same period last year and the highest level in the past two years. The East region recorded the strongest growth at 56% year-on-year, while the West region saw an 11% decline.
Specifically, the West region still holds the largest transaction share, with 5,200 deals in Q3, though its market share dropped from 65% in Q2 to 43% in Q3/2025. Despite stable real demand, slow infrastructure development in this area has failed to keep pace with population growth, prompting some buyers to shift to other regions.
In Q3/2025, Vinhomes Smart City recorded 1,500 transactions, a 34% increase compared to the same period in 2024. The project captured 30% of the West region’s market share, significantly outperforming other projects (under 300 transactions/project/quarter).
The East region recorded around 3,900 transactions, with its market share rising from 24% to 37%. The average selling price in the East (76 million VND/m²) shows an upward trend but remains lower than other areas. Additionally, new infrastructure projects connecting the East region to the city center have boosted liquidity this quarter.
Notably, Vinhomes Ocean Park in the East region achieved 3,200 transactions, double that of Vinhomes Smart City and a 66% increase compared to the same period in 2024. This project dominates the East region’s secondary apartment market with an 80% share. Despite rising prices, its 2-bedroom apartments start at just 3.5 billion VND, significantly lower than the East region’s average of ~5.3 billion VND per 2-bedroom unit.
One Mount reports that since 2023, Vinhomes Ocean Park and Vinhomes Smart City have consistently led secondary sales in the East and West regions, respectively.
Upcoming handover sub-zones drive secondary transaction growth at Vinhomes Ocean Park and Vinhomes Smart City.
In 2024, Vinhomes Ocean Park and Vinhomes Smart City accounted for 83% of Hanoi’s total high-rise primary transactions, with a high absorption rate of 92%. In 2025, investors began reselling units purchased the previous year, significantly increasing secondary transactions in both megacities compared to 2024.
At Vinhomes Ocean Park, secondary transactions for upcoming handover projects like Metropolitan and Masteri Lakeside totaled nearly 1,400 units in Q3, a fourfold increase from Q2. Meanwhile, completed projects such as Sapphire and Masteri Waterfront recorded 1,800 transactions, a 26% rise from the previous quarter.
At Vinhomes Smart City, transactions in upcoming handover sub-zones accounted for approximately 630 units, a 46% increase from the previous quarter, while transactions in completed zones dropped by 10%.
One Mount forecasts that upcoming handover sub-zones will remain the primary growth driver for transactions in both megacities, with handovers expected between 2026 and 2028. The secondary high-rise market is projected to grow by 4.5% in 2026 compared to 2025.
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