West Lake West: Low-rise units surpass 1 billion VND/m², penthouses exceed 300 million VND/m²
A market report by JLL Vietnam, released on January 6, 2026, reveals that new supply in the landed housing segment in Hanoi remains low, with only 225 units launched in Q4/2025. In the secondary market, prices surged by 18.9% year-on-year, averaging 8,700 USD/m².
However, according to Hoang Quan, a real estate agent in Hanoi, actual prices in prime areas like West Lake West far exceed this average. “Essentially, waterfront properties around West Lake, depending on their condition, can surpass 1 billion VND/m². Properties located just a 3-minute drive from West Lake have been priced at 800–850 million VND/m² since mid-2025. In a major urban area a 5-minute drive away, prices range widely from 400–800 million VND/m².”
Real estate in West Lake West – Ciputra remains expensive yet highly sought after by the elite for genuine living needs.
Similarly, in Ciputra Urban Area—considered Hanoi’s upscale hub—limited penthouse and duplex units with West Lake views have traded above 300 million VND/m². Overall, secondary apartment transactions here range from 110–130 million VND/m². Low-rise units average 400–500 million VND/m², though luxury villas with special standards can far exceed this.
Why does the most expensive area retain its crown?
Despite soaring prices, Ciputra – West Lake West remains a magnet for buyers and investors, often selling out in both primary and secondary markets. “The area’s planning is nearly complete, with little room for expansion to increase supply. Primary supply is scarce, and secondary low-rise supply is virtually negligible,” notes Quan.
According to Quan, this is largely due to the long-term asset-holding mindset of wealthy or ultra-wealthy buyers. These are Ciputra’s primary clients, who purchase properties not for speculation but to assert status and preserve wealth. “Everyone knows Ciputra offers unparalleled value: leading infrastructure, a 65-hectare park—Hanoi’s largest, a world-class urban golf course, top-tier international schools, and a diverse expat community from over 80 countries. This positions homes here as generational assets, rarely resold once acquired,” explains Quan.
Notably, in late November 2025, a drainage system to the Red River was implemented, eliminating Ciputra’s flooding concerns.
Another key factor is the intrinsic value of emerging projects in the area. A Hanoi-based real estate sales director notes that most Ciputra projects adhere to exceptionally high standards, backed by reputable developers, ensuring sustainable price growth over time.
For instance, a low-rise project by Sunshine Group meets the highest luxury real estate standards today. It features fully underground infrastructure, direct access to private villa basements, ensuring absolute privacy. One VIP offering is a 5-story villa with a pool, garden, sun deck, and a basement customizable as a cinema, gym, wine cellar, or studio…
Sunshine Group’s low-rise project boasts a prime location near the golf course and 65-hectare park, with discreet underground infrastructure, AI security, and 5-star international amenities (Image: Noble Palace Tay Ho – The Boutique Mansion).
Another high-rise project by the same group in Ciputra impresses with first-of-its-kind amenities: a ground-level entertainment complex with a nearly 0.5 km lakefront, West Lake West’s largest aerial shopping street, and a cloud-level resort featuring an infinity pool and Ciputra’s only 6-star restaurant, operated by Dubai’s Sunset Hospitality Group (SHG)…
A high-rise project by Sunshine Group positioned in the Branded Residences segment at Ciputra’s core (Image: Noble Crystal Tay Ho WorldHotels Residences).
The synergy between West Lake West’s rare core position and the emergence of luxury projects is solidifying Ciputra’s status as a “heritage asset”—where value is defined not just by price but by quality of life, scarcity, and sustainable appreciation over time.
Platinum Long Biên Luxury Apartments Now Officially Distributed by Đất Xanh Miền Bắc
Recently, Thang Long Investment and Development Joint Stock Company – Vietnam officially selected Dat Xanh Mien Bac as its strategic partner and exclusive distributor for the Platinum Long Bien project.
Camellia Residences: Elevate Your Lifestyle with Private Retreat Living in an Untouched Valley
As the elite community shifts from bustling urban centers in search of absolute tranquility amidst nature, Camellia Residences at Thanh Xuan Valley emerges as the epitome of “Private Retreat Living” in Vietnam.
2026 Real Estate Market: Short-Term Speculative ‘Waves’ Crumble
The real estate market outlook for 2026 heralds a new growth cycle, albeit one marked by selective expansion. This shift will disrupt short-term speculative waves and curb skyrocketing price surges, paving the way for a more sustainable, long-term development trajectory.
Camellia Residences: Elevate Your Lifestyle with Private Retreat Living in an Untouched Valley
As the elite community increasingly seeks tranquility amidst nature, away from bustling urban centers, Camellia Residences at Thanh Xuan Valley emerges as the epitome of “Private Retreat Living” in Vietnam.
Year-End Real Estate Investment Trends: Shifting Preferences and Market Insights
As the year draws to a close, the portfolios of Hanoi’s elite are incomplete without prime real estate, particularly in the luxury segment. However, the supply of such coveted properties is becoming increasingly scarce, making them a rare and prized asset for discerning investors.
