According to the Q3/2025 Hanoi Secondary Apartment and Residential Land Market Overview Report by One Mount Group’s Market Research and Customer Insight Center, the apartment segment continued to lead the market in the past quarter, driven by strong investment in both primary and secondary markets.
Secondary transactions in Q3 reached 10,700, a 14% increase year-on-year and the highest in two years.
High-rise transactions totaled approximately 20,800, the highest in the past two years. In contrast, residential land transactions continued to decline, reaching 6,100 in Q3, a 39% drop year-on-year.
Primary apartment transactions reached 10,100 units. The Eastern area (Hanoi) and Van Giang (Hung Yen) recorded a combined total of 8,200 apartment transactions, the highest in two years. Primary and secondary transactions were evenly matched. The Eastern area has the lowest market prices, with average primary and secondary prices ranging from 60 to 70 million VND/m². Key infrastructure projects launched in the quarter significantly improved connectivity to Hanoi’s city center, boosting liquidity across the region.
In the Western area, apartment transactions reached 7,500 units, primarily in the secondary market due to limited new primary supply and lower secondary prices compared to new primary units.
Notably, secondary transactions in Q3/2025 reached 10,700, a 14% increase year-on-year and the highest in two years. The Eastern area saw the strongest growth at 56%, while the Western area declined by 11%. However, the Western area still accounted for the largest transaction share, with 5,200 transactions in Q3/2025, though its market share dropped from 65% in Q2 to 43% in Q3/2025.
According to One Mount, despite stable real demand, slow infrastructure development in the area has not kept pace with population growth, prompting some buyers to shift to other regions.
The Eastern area recorded approximately 3,900 transactions, with its market share rising from 24% to 37%. Average prices in the Eastern area (76 million VND/m²) showed an upward trend but remained lower than other areas. Additionally, new infrastructure projects connecting the Eastern area to the city center supported liquidity in the past quarter.
One Mount Group forecasts a 4.5% increase in secondary high-rise transactions in 2026 compared to 2025.
One Mount Group’s report also highlights that since 2023, Vinhomes Ocean Park and Vinhomes Smart City have consistently led secondary sales in the Eastern and Western areas. In Q3/2025, Vinhomes Smart City achieved 1,500 transactions, a 34% increase year-on-year. The project captured 30% of the Western area’s market share, significantly outperforming other projects (under 300 transactions/project/quarter).
Vinhomes Ocean Park recorded 3,200 transactions, double that of Vinhomes Smart City and a 66% increase year-on-year. Secondary transactions at this project dominated the Eastern area’s secondary apartment market with an 80% share. Despite rising prices, two-bedroom apartments here start at just 3.5 billion VND, significantly lower than the Eastern area’s average of 5.3 billion VND for a 70 m² 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, significantly increasing secondary transactions in both megacities compared to 2024.
One Mount Group forecasts a 4.5% increase in secondary high-rise transactions in 2026 compared to 2025. Upcoming handovers in various sub-zones will continue to drive transaction growth in Vinhomes Ocean Park and Vinhomes Smart City, with all sub-zones expected to be handed over between 2026 and 2028.
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