Vietnam’s Ministry of Construction reports that apartment prices continued to increase in the second quarter of 2025, though growth has moderated, Tuoi Tre has reported→view source.
Average prices reached VND 80 million/m² or US$3,077/m² in Hanoi and VND 89 million/m² or US$3,423/m² in Ho Chi Minh City.
Key details:
- Price changes: Hanoi apartment prices rose 5.6 percent quarter-on-quarter and 33 percent year-on-year. Ho Chi Minh City prices were stable compared to Q1 but rose 36 percent year-on-year.
- High-end segment: Most new apartments in Hanoi were in the high-end to super-luxury categories.
- Project pricing (Hanoi):
- Vinhomes Green Bay: VND 63–99 million/m² (US$2,423–3,808)
- Golden Palace A: VND 130–160 million/m² (US$5,000–6,154)
- Noble Crystal: VND 160–270 million/m² (US$6,154–10,385)
- Project pricing (HCMC):
- Conic Riverside: VND 33–43 million/m² (US$1,269–1,654)
- HaDo Centrosa: VND 94–130 million/m² (US$3,615–5,000)
- Thao Dien Green: up to VND 200 million/m² (US$7,692)
- Other cities:
- Hai Phong (Minato Residence): VND 40–55 million/m² (US$1,538–2,115)
- Can Tho (Cara River Park): VND 44–56 million/m² (US$1,692–2,154)
- Secondary market: Prices rose sharply in well-connected or recently completed projects.
Supply and transactions:
- Apartment supply: 87 projects were approved in Q2, totalling 20,893 units, up 19.2 percent from Q1 and 45.7 percent year-on-year.
- Social housing: Since 2021, 692 projects have been launched with 633,559 units; 59.6 percent of the government’s 1 million-unit target has been met.
- Q2 social housing: 16 projects licensed (9,544 units) and 32 projects completed or partially completed (26,528 units).
- Overall housing market: 58 new projects licensed (16,627 plots), while 157 projects with 52,223 units were deemed eligible for sale, up 55.4 percent from Q1.
Despite cooling momentum, Vietnam’s residential market remains underpinned by strong demand and limited supply, especially in high-end and affordable segments.
Continued price growth, even amid increased supply, suggests long-term potential for well-positioned projects.
See also: Real Estate in Vietnam 2025: Trends, Challenges & Outlook