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2 clusters · 4 sources · 13 days · First seen · Last updated

Hanoi residential real estate market trends

Overview

The apartment markets in different districts of Hanoi exhibit divergent pricing trends. In the Thanh Ha urban area, apartment sales have remained stagnant despite significant price reductions. Units that previously cost between 3.8 and 4 billion VND have seen listings drop to approximately 2.5-2.8 billion VND, a decrease of over 1 billion VND per unit. Local brokers suggest buyers are waiting for new building launches and social housing options.

Conversely, the My Dinh apartment complexes in western Hanoi have experienced a long-term price surge. Prices in the My Dinh 1 and My Dinh 2 areas have risen from 8-12 million VND per square meter in 2005 to current asking prices ranging between 50 million and 90 million VND per square meter. This growth is attributed to established infrastructure and proximity to essential services and major roads.

Entities

Housing and Urban Development Corporation · My Dinh · Thanh Ha Urban Area · Muong Thanh · Hanoi

Timeline

  1. [BUSINESS] 2 sources
    My Dinh apartment prices in Hanoi rise to 90 million VND per square meter

    Apartment prices in Hanoi's My Dinh area have surged from 8-12 million VND/m2 in 2005 to as high as 90 million VND/m2 today, despite many buildings being decades old.

  2. [BUSINESS] 2 sources
    Thanh Ha apartment prices drop despite low demand

    Apartment prices in Hanoi's Thanh Ha urban area have dropped by over 1 billion VND per unit, yet sales remain sluggish as buyers wait for new supply and social housing developments.

Sources

cafebiz.vn · kenh14.vn · kienthuc.net.vn · tienphong.vn