Hanoi apartment prices approach 100 million VND per square meter

Primary apartment prices in Hanoi have reached approximately 95 million VND per square meter, with experts forecasting they may soon exceed the 100 million VND threshold. Despite the planned launch of numerous projects, including social housing expected to provide at least 120,000 units between 2026 and 2030, market prices are projected to continue rising for the next three to five years.

An Nguyen, a senior director at CBRE Vietnam, notes that supply volume alone does not dictate price trends. A significant mismatch exists between social housing, which serves specific policy-based groups, and the commercial market, which is currently concentrated in mid-to-high-end segments. Affordable commercial housing remains scarce.

Furthermore, rising input costs—including land use fees, site clearance, construction, marketing, and utility investments—limit the ability of developers to reduce prices. Data indicates that apartments priced above 80 million VND per square meter have accounted for 50–60% of new supply in recent quarters.