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Vietnam Economy Hanoi Investment News

Hanoi’s Apartment Prices Continue to Skyrocket

minh luu minhluu com aa photography XZHK8gR1xh4 unsplash

Hanoi apartment prices have risen by 38% from 2019, according to the Ministry of Construction.

Many projects sell at over VND60 million (about $2,400) per square meter, rising to even VND150 million in some places.

The smallest apartment (40 sq.m) at Heritage West Lake to the northwest of West Lake is priced at VND3.8 billion, and a 30-square-meter unit at Masterise West Height in the southwest of the city starts at VND1.8 billion.

According to the ministry, apartments continue to attract interest from buyers with residential needs and medium- and long-term investors.

Prices have been rising rapidly since the end of last year due to a widening gap between supply and demand. Many projects have seen prices rise by 20-25% in the last six months.

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