Apartment prices in Hanoi have surged to a record high, reaching 210 million VND/m2.
Apartment prices in Hanoi have surged to record levels, commonly ranging from 130 to 210 million VND/m2, making the capital the hottest market in the country, far surpassing Ho Chi Minh City and Da Nang.
In 2025, apartment prices in Hanoi are expected to continue rising and show no signs of slowing down. According to data from Batdongsan.com.vn, Hanoi leads the country in the rate of real estate price increase during the 2021-2025 period, with an increase of up to 112%.
Compared to other major cities, Hanoi is far ahead of Hai Phong (up 71%), Da Nang (53%), and Ho Chi Minh City (42%).
The real estate market in the capital city is recovering strongly after a period of stagnation. Although the growth rate has slowed somewhat, apartment prices in 2025 are still expected to increase by an average of 13% compared to 2024.
In the third quarter of 2025 alone, the growth rate reached 95% compared to the first quarter of 2023, a record high in the last three years.
The West Lake, Ba Dinh, and central Hanoi areas are currently "hot spots" with apartment prices ranging from 130 to 210 million VND/m2. According to Mr. Dinh Minh Tuan, Southern Region Director of Batdongsan.com.vn, although demand shows signs of cooling down, capital continues to flow strongly into the high-end and near-central segments. This is the reason why apartment prices in Hanoi maintain a strong increase, despite the overall weakening purchasing power.
In major projects, asking prices remain high. Berriver Jardin Long Bien ranges from 75 to 90 million VND/m2; Vinhomes Green Bay Me Tri reaches 90 to 125 million VND/m2; Cau Giay Center Point is approximately 88 to 123 million VND/m2; and Lumi Hanoi is at 82 to 112 million VND/m2.
In the ultra-luxury segment, apartment prices at The Nelson Private Residences reach 229 million VND/m2, while Noble Crystal reaches 270 million VND/m2, the highest price on the market currently.
The Matrix One also maintains a price of around 120-150 million VND/m2, the highest price in the Western area in the luxury segment.
Not only in the city center, but apartment prices in suburban districts such as Dong Anh, Gia Lam, and Long Bien are also rising rapidly. The mid-to-high-end segment here ranges from 70 to 140 million VND/m2, attracting both buyers with real needs and long-term investors.
Notable projects include Endless Skyline West Lake (Tay Ho) at 120 - 170 million VND/m2, and The Canopy Residences (Vinhomes Smart City) at 77 - 99 million VND/m2.
Despite the high prices, many people are still willing to buy because they expect the price increase to continue in the future.
The third quarter of 2025 saw the launch of numerous new projects, primarily in the high-end segment. Projects such as Masteri Lakeside and The Paris in Gia Lam had apartment prices ranging from 62 to 82 million VND/m2, while The Senique was priced between 72 and 91 million VND/m2.
The Dong Anh area continues to witness the emergence of Imperia Signature Co Loa (90 - 120 million VND/m2) and Masteri Grand Avenue (95 - 120 million VND/m2).
These projects are helping to bring new supply back after a long period of scarcity. However, with apartment prices escalating, homebuyers are finding it increasingly difficult, while investors are becoming more cautious before committing their money.
