According to One Mount’s Q3/2025 real estate market report, condominiums continue to lead the market, driven by strong investment in both primary and secondary segments.
High-rise transactions reached approximately 20,800, the highest level in two years. In contrast, landed property transactions continued their downward trend, with 6,100 deals in Q3, a 35% decline from the previous quarter and a 39% drop year-over-year.
Source: One Mount
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Primary condominium transactions reached 10,100 units, while secondary transactions totaled around 10,700 units in Q3, concentrated in the East and West regions.
The East region (Hanoi) and Van Giang (Hung Yen) recorded a combined total of 8,200 condominium transactions, the highest in two years. Primary and secondary transactions were evenly matched. The East region boasts the lowest market prices, with average primary and secondary unit prices ranging from 60 to 70 million VND/m². A series of key infrastructure projects launched during the quarter significantly enhanced connectivity with Hanoi’s city center, boosting liquidity across the area.
In the West region, condominium transactions reached 7,500 units, primarily in the secondary segment due to limited primary supply and lower secondary prices compared to new primary launches.
Secondary transactions in Q3 totaled 10,700, a 14% increase year-over-year and the highest in two years. The East region saw the most significant growth at 56%, while the West region experienced an 11% decline.
In terms of volume, the West region led with 5,200 transactions, increasing its market share from 24% to 37%. Average prices in the East region (76 million VND/m²) showed an upward trend but remained lower than other areas. Additionally, new infrastructure projects connecting the East region to the city center supported liquidity during the quarter.
Source: One Mount
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Since 2023, Vinhomes Ocean Park and Vinhomes Smart City have consistently led secondary sales in the East and West 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). Vinhomes Ocean Park achieved 3,200 transactions, double that of Vinhomes Smart City and a 66% increase year-over-year. Secondary transactions at this project accounted for nearly 80% of the East region’s condominium market share. Despite rising prices, two-bedroom units here start at just 3.5 billion VND, significantly lower than the East region’s average of 5.3 billion VND for a 70m² two-bedroom unit.
In 2024, Vinhomes Ocean Park and Vinhomes Smart City accounted for 83% of total primary high-rise transactions in Hanoi, with a high absorption rate of 92%. In 2025, investors began reselling units purchased the previous year, driving a significant increase in secondary transactions at both megacities compared to 2024.
At Vinhomes Ocean Park, secondary transactions for upcoming projects like Metropolitan and Masteri Lakeside totaled approximately 1,400 units in Q3, a fourfold increase from Q2. 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 sub-zones accounted for 630 units, a 46% increase, while transactions in completed zones dropped by 10%. One Mount forecasts that upcoming sub-zones, scheduled for completion between 2026 and 2028, will continue driving transaction growth in both megacities.
– 15:43 11/11/2025
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