(Dan Tri) - Experts say that this year the supply of apartments in Hanoi will continue to increase, but will mainly focus on the high-end segment, so prices will still be difficult to decrease.
Series of real estate projects about to launch
This year, the supply of apartments in Hanoi is expected to improve compared to last year. According to Avision Young Vietnam, the capital market is expected to welcome new supply with about 13,598 apartments for sale from 10 projects of major investors.
Specifically, Vinhomes Wonder City (Dan Phuong district), Vinhomes Co Loa (Dong Anh district) by investor Vinhomes; Starlake - Phase 2 (Bac Tu Liem district) by Daewoo E&C; North Red River Smart City (Dong Anh district) by the consortium BRG Group - Sumitomo; Central Residence (Hoang Mai district) by Gamuda Land...
Dat Xanh Services Economic - Financial - Real Estate Research Institute (Dat Xanh Services - FERI) said that since the beginning of this year, many projects in Hanoi have had information about their business implementation schedule right after Tet holiday such as The Ninety Complex, HH3 - Imperia Signature Co Loa, Noble Crystal, The Matrix...
Recently, the TIG Tower Office project at 108 Nguyen Trai (Hanoi) has also been started with a scale of 2.9 hectares. The project includes a 29-storey building with a total of 200 hotel apartments.
An apartment project in Hanoi (Photo: Tran Khang).
Many experts assess that the supply of apartments in the Hanoi market is not as scarce as in early 2024, with many projects being and about to open for sale in the first quarter. However, the selling price remains high because the newly opened projects are mostly in the high-end and luxury segment.
Supply increases but prices are unlikely to fall
Ms. Do Thu Hang - Senior Director of Consulting and Research at Savills Hanoi - said that the Hanoi apartment market has recovered and entered a new cycle. Regarding selling prices, primary apartment products reached 75 million VND/m2, up 9% quarter-on-quarter and 29% year-on-year.
Commenting on the trend of the Hanoi apartment market this year, Ms. Hang shared that the new supply of the entire market is expected to reach 25,200 apartments, of which mid-range apartments continue to lead, accounting for 88% of the market supply. This supply is still mainly concentrated in the capital's major metropolitan areas.
According to Ms. Hang, the imbalance between supply and demand, with most of the supply concentrated in the mid-range, high-end and super luxury apartment segments, will make it difficult for apartment prices to decrease this year and tend to remain stable or increase.
It is forecasted that the supply of apartments in Hanoi will improve significantly in 2026, with the supply of new apartments expected to reach about 70,000 apartments, from 91 projects opened for sale. The areas of Dong Anh, Hoai Duc, and Hoang Mai will contribute about 52% of the supply.
Sharing the same view, Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (VARS) - predicted that this year, housing supply will continue to grow, mainly contributed by suburban metropolises. It is estimated that the real estate supply in Hanoi and satellite cities will reach about 37,000 products.
"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," he said.
According to him, with the current high investment costs, investors also expect higher profits than before. Therefore, it is very difficult for the price level of primary apartments to decrease. The high price of apartments in the primary market has led to a sudden increase in the price in the secondary market.
Source: https://dantri.com.vn/bat-dong-san/loat-chung-cu-ha-noi-sap-bung-hang-chuyen-gia-nhan-dinh-gia-van-kho-giam-20250301024812148.htm
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