(NLDO) - Vietnam's real estate market is witnessing a positive recovery after the Lunar New Year 2025.
Data from Batdongsan.com.vn just released shows that on the 9th day of Tet (February 6, 2025), the level of interest in real estate in Hanoi and Ho Chi Minh City increased 4 to 6 times compared to before Tet. In particular, on February 10, 2025 (January 13 of the lunar calendar), the number of real estate searches peaked in the past 5 months.
The land and apartment segments recorded a strong recovery in both interest and listings. In the rental sector, apartments continued to lead in interest, followed by private houses and boarding houses, reflecting stable demand from students, workers and foreign experts.
Experts say the market may experience local and short-term increases in temperature in some areas.
In Hanoi, buyers are focusing on apartments in western districts such as Nam Tu Liem and Ha Dong; land in suburban areas such as Long Bien, Hoai Duc and Ha Dong; and private houses in densely populated districts such as Dong Da, Hoang Mai and Long Bien.
In Ho Chi Minh City, the demand for buying apartments is mainly concentrated in the old District 2 (now Thu Duc City) and District 7; land in the old District 9 (Thu Duc City); private houses in Binh Thanh and Go Vap districts. Meanwhile, for the rental segment, apartments in the old District 2 and District 7 are the most sought after, while boarding houses are concentrated in Binh Thanh District.
Meanwhile, Savills Vietnam's report shows that in the fourth quarter of 2024, Hanoi recorded the highest number of apartments for sale since 2020, with 12,972 units, up 146% quarter-on-quarter and 351% year-on-year. Primary supply reached 16,629 units, up 58% quarter-on-quarter and 40% year-on-year. Total new supply in 2024 reached 24,996 units, the highest in the past 5 years. Sales were also positive with 13,401 units transacted in the fourth quarter, up 96% quarter-on-quarter and 340% year-on-year.
In Ho Chi Minh City, in 2024, primary supply increased by 10% year-on-year, reaching nearly 11,900 units. Q4/2024 recorded 2,700 transactions, up 43% quarter-on-quarter but down 10% year-on-year. It is forecasted that by 2027, Ho Chi Minh City will have an additional 46,000 apartments from 69 projects, with Thu Duc City accounting for 52% of the supply, Binh Tan 11% and District 7 accounting for 10%.
Provinces and cities such as Hai Phong, Hung Yen, Binh Duong, Dong Nai and Vung Tau also attract great interest, thanks to the development of industrial parks and transport infrastructure. Da Nang leads the interest in land in the Central region.
Mr. Dinh Minh Tuan, Southern Regional Director of Batdongsan.com.vn, commented that the market may experience local and short-term increases in temperature in some areas, but it is unlikely that there will be a comprehensive "fever" in land prices like in 2022. The reason is that banks are still cautious in lending for investment real estate, especially in provincial markets where local land fever has occurred. Investors currently prioritize areas with good infrastructure connections and clear economic development potential.
Source: https://nld.com.vn/chung-cu-dat-nen-co-dau-hieu-nong-sau-tet-196250219110718061.htm
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