Selling price of apartments in Hanoi suburbs reaches 90 million VND/m2

(Dan Tri) - Many apartments in suburban districts of Hanoi are now over 70 million VND/m2. Experts say that if people only work in offices, the opportunity to own a house is almost non-existent.

Suburban apartment prices exceed 70 million VND/m2

According to a survey by Dan Tri reporters, many apartment projects in districts on the outskirts of Hanoi have prices reaching 70 million VND/m2.

Specifically, the Eco Green project (Tan Trieu, Thanh Tri district) is selling apartments at prices ranging from 65 million VND/m2 to 71 million VND/m2. An apartment in this project with an area of ​​85m2, designed with 3 bedrooms, is being sold for more than 6 billion VND, equivalent to 71 million VND/m2.

In Thanh Tri district, the projects Housinco Premium, Tecco Diamond, Hong Ha Eco City... have selling prices ranging from 45 million VND/m2 to 56 million VND/m2. A 65m2 apartment with 2 bedrooms at the Tecco Diamond project, although being sold urgently, still costs 3.65 billion VND, equivalent to more than 56 million VND/m2.

In Hoai Duc district, the selling price of apartments in the An Lac Green Symphony and The Wisteria projects ranges from nearly VND60 million/m2 to VND73 million/m2. A 108m2 apartment with 3 bedrooms at The Wisteria project is being sold for VND7.5 billion, equivalent to more than VND69 million/m2.

In addition, other projects in Hoai Duc district such as Gemek Tower, The Golden An Khanh, Thang Long Capital... also have prices ranging from 43 million VND to 53 million VND/m2.

Many apartments in the suburbs of Hanoi cost over 70 million VND/m2 (Photo: Duong Tam).

In Gia Lam district, Vinhomes Ocean Park urban area has apartments priced from 80 million VND/m2 to over 90 million VND/m2. A 62m2, 2-bedroom apartment at Masteri Water Front project in Vinhomes Ocean Park urban area is being sold for 5.7 billion VND, equivalent to nearly 92 million VND/m2.

The seller said that the family wanted to move to a 3-bedroom apartment so they transferred it. The apartment had been paid early to the investor, just waiting to receive the house in November.

In addition, some other projects in Vinhomes Ocean Park Urban Area have apartment prices ranging from 45 million VND/m2 to 65 million VND/m2.

In Dong Anh district, the selling price of apartments at Intracom Riverside Vinh Ngoc ranges from 52-64 million VND/m2. At the CT3-CT4 apartment project in Kim Chung commune, the selling price ranges from 36 million VND/m2 to 48 million VND/m2.

Expert: If you only work in an office, the chance of owning a house is almost zero.

Previously, Mr. Nguyen Quoc Khanh, Vice President of the Vietnam Association of Real Estate Brokers (VARS), shared that during his 15 years in the profession, what he did not expect was that the price of suburban apartments had increased to 60-70 million VND/m2.

Mr. Khanh commented that with the high price of apartments, the ability to access housing for people, especially those with average and low incomes, is becoming increasingly difficult. With the average salary of workers today, if they buy a house, they will hardly have enough money to pay the bank loan interest.

Talking to Dan Tri reporter, Mr. Le Dinh Chung, real estate expert, said that the average price of a primary apartment with 2 bedrooms in Hanoi currently ranges from 4 billion to 5 billion VND, equivalent to 65-70 million VND/m2.

Meanwhile, the average income of a family in Hanoi is about 200-250 million VND/year. However, the recent increase in apartment prices has caused all living expenses to increase. Therefore, people's savings have also decreased due to increased costs.

"With the current average income and apartment prices in Hanoi, I think that if you only work in an office, the chance of owning a house is almost zero. Even if you can buy one, you have to save for several decades," he said.

An apartment building in Hanoi (Photo: Duong Tam).

According to Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Realtors (VARS), the supply of apartments in Hanoi has increased in recent times but still cannot meet the needs of the people. In addition, most of the new supply continues to be completed at high standards with high investment costs and land costs.

With the current high investment costs, investors also expect higher profits than before. The high price of apartments in the primary market has led to a sharp increase in prices in the secondary market.

However, Mr. Dinh assessed that the recent period of abnormal increase in apartment prices, especially in Hanoi. This phenomenon is certainly influenced by interest groups while the economic context, market as well as people's income have not recovered. "Housing prices are high, but transactions do not appear, this could be a trick of an investment group with unclear purposes," he emphasized.

Source: https://dantri.com.vn/bat-dong-san/gia-rao-ban-chung-cu-vung-ven-ha-noi-cham-nguong-90-trieu-dongm2-20241030014923376.htm