(Dan Tri) - It is forecasted that this year, Hanoi will have 10 projects opened for sale, contributing to the supply of nearly 13,600 apartments.
A recently published report on the Hanoi apartment market in 2024 by a unit shows that, as of the fourth quarter of 2024, with the launch of many high-end projects, primary selling prices in the Hanoi area have recorded an increase of about 5% compared to the previous quarter, fluctuating between 2,600-3,600 USD/m2, equivalent to 65-90 million VND/m2.
The above unit forecasts that this year, Hanoi will have 10 projects opened for sale, contributing to the supply of nearly 13,600 apartments.
These projects include Central Residence (Gamuda Land); Eco Smart City Co Linh (investor Thien Huong); Kepler Land (TSQ Vietnam); The Charm An Hung; Sunshine Crystal River - Ciputra; Vinhomes Co Loa; The Reflection West Lake (Kusto Home); Starlake phase 2 (Daewoo); Vinhomes Dan Phuong and BRG's Smart City project.
Dr. Nguyen Van Dinh - Chairman of the Vietnam Association of Real Estate Brokers (VARS) - stated that in the short term, the supply of residential real estate this year will continue to grow, about 10% compared to 2024. In fact, many projects also have plans to launch to take advantage of the market's recovery opportunity.
An apartment project in Hanoi (Photo: Tran Khang).
However, the expected supply is still mainly contributed by large urban areas in the provinces and cities in the Northern region of large investors. Hanoi and satellite cities alone are estimated to reach about 37,000 products this year. Meanwhile, Ho Chi Minh City and its suburbs are estimated to reach about 18,000 products.
The apartment segment, mainly priced from VND50 million/m2 and above, is forecast to continue to lead the market, with an increase in luxury supply.
Villas and townhouses are also gradually becoming the focus of the market with new supply growing from large urban projects expected to open for sale. Meanwhile, the supply of land will continue to decrease with the "tightening" regulations on subdivision and sale of land.
However, housing supply will continue to be scarce, especially in the affordable housing segment. The VARS Chairman said that the supply from social housing projects is expected to grow significantly in 2025 but still accounts for a very small proportion of the housing supply structure of the entire market.
In the land segment, the primary price level has increased sharply thanks to good price increase potential. The price level of villas/townhouses and townhouses will also continue to remain high in the context of scarce land funds and increasing investment costs, especially costs related to land.
According to Dr. Nguyen Van Dinh, housing projects launched this year will still attract attention and transactions, but the absorption rate is likely to slow down. The apartment segment will continue to dominate market liquidity.
However, apartment liquidity will still be concentrated in large urban projects. Housing demand, especially investment demand, will continue to shift to suburban areas and tier 2 and tier 3 cities, where prices are lower and there is more room for growth in the future. Meanwhile, land plots that have been divided into plots, with full legal status in areas with developed infrastructure and high potential, are still the segment that many people are willing to spend money on.
Assessing the housing market in 2025, Ms. Nguyen Hoai An - Senior Director of CBRE Hanoi branch - said that there are a number of factors that can be expected to stabilize the price level.
This year, the new supply of apartments in Hanoi is expected to continue to be abundant, estimated at more than 31,000 units for sale, higher than in 2024, mainly concentrated in the high-end segment, with an increase in luxury supply.
This supply is considered a good signal for the market. Citing research data, Ms. An said that after a year of rapid price movements, the price level in the fourth quarter of 2024 tends to increase more slowly. From that supply, primary prices are forecast to grow steadily, expected to increase by an average of 6-8% per year.
Source: https://dantri.com.vn/bat-dong-san/nhung-du-an-bat-dong-san-tai-ha-noi-du-kien-duoc-mo-ban-trong-nam-nay-20250128182840183.htm
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