On October 7, the online event “Real estate market overview in the third quarter of 2025 – Leading the way” organized by Batdongsan.com.vn attracted attention when many experts commented: Vietnam’s real estate market is showing strong resilience and resilience to macro pressures, with large cities leading the trend.
Accordingly, the leading cities still maintain their sustainable appeal. Hanoi, Ho Chi Minh City, Da Nang and Hai Phong continue to show impressive price growth in the period 2021-2025. According to online data from Batdongsan.com.vn, Hanoi leads with an increase of about 112%, followed by Hai Phong with an increase of 71%, Da Nang with an increase of 53% and Ho Chi Minh City with an increase of 42%.
Da Nang: Growth Triangle Opens New Opportunities
In the Central region, the Da Nang – Quang Nam region recorded strong progress in the third quarter of 2025, thanks to three pillars of development: trade – tourism, industry – logistics and border gate economy. Da Nang holds the position of financial – trade – tourism center, while Lien Chieu and Chu Lai become industrial – logistics zones, and Nam Giang rises to become a strategic border gate.
Compared to the same period last year, the level of buyer interest in Da Nang increased by 24%, while Quang Nam jumped by 58%. Selling prices in these two localities also increased by 30% in Da Nang and 32% in Quang Nam. Capital flows from other provinces are playing a key role – interest from Hanoi increased by 141%, from Ho Chi Minh City increased by 32%.
In the product structure, land and apartments both increased sharply. Compared to the first quarter of 2023, land prices in Da Nang increased by about 68%, and apartments in Da Nang increased by 50%. Districts such as Ngu Hanh Son and Son Tra became hot spots with price increases of +33% and +41% respectively. Da Nang apartments in particular are also in the Top tourist cities with outstanding investment rates with an increase of 146% over the same period in 2023.
Mr. Ha Nghiem, Director of Da Nang branch of Batdongsan.com.vn, assessed that the merger of Quang Nam land fund into Da Nang has created new development space, accelerated the price increase and attracted attention from investors compared to many provinces in the region. Although land prices have increased sharply, they are only slightly higher than the 2019 peak by less than 15%, there is still room for further breakthroughs in the next period.
Hai Phong: Recovery Taking Shape
In Hai Phong, the recovery momentum is increasingly evident with post-merger economic advantages and a new position in the Northern industrial-logistics map. GRDP after the merger reached 658 trillion VND, and the city continues to lead in attracting FDI. In the third quarter of 2025, the apartment segment became the driving force when prices increased by 17% compared to the first quarter of 2023, keeping rental yields at around 4.6%, just behind Bac Ninh. New supply expanded into the mid- and high-end segments in central districts.
Private houses in Hai Phong also made a clear mark with a 32% price increase, concentrated in Le Chan and Kien An. Although land has not yet fully recovered its interest, the 38% increase shows that the central area still maintains a stable attraction. Notably, the increase in searches from Hanoi reflects the increasingly clear trend of inter-regional investment. Ms. Nguyen Thi Ngoc Thuong, Director of Batdongsan.com.vn’s Hai Phong branch, assessed that the merger of Hai Duong has created a new growth pole, promoting domestic and foreign capital attraction, and opening up a variety of real estate options from industrial, land to villas, apartments and townhouses.
Hanoi: Apartments Continue to Lead the Market
In Hanoi, 2025 marks a period of slight recovery, with selling prices still increasing but at a slower pace. Compared to the previous year, the increase in asking prices in 2025 was only 13%, much lower than the 39% increase in 2024. In the third quarter of 2025, the apartment segment increased in price by 95% compared to the first quarter of 2023, especially in high-end areas such as Tay Ho and Ba Dinh, where the common asking price is 130-210 million VND/m2. This makes up to 56% of survey participants rate apartments as currently “difficult to access”.
In the popular and mid-range segments (<55 million/m2), the price increase rate is remarkable, from 57% to 71% compared to the first quarter of 2024, with stable rental yields. Supply and demand shifted strongly to Dong Anh, Gia Lam, and Long Bien districts. Private houses in Hanoi increased in price by 63% compared to the first quarter of 2023 thanks to the psychology of safe investment and real estate ownership still being a high priority for Hanoians. Land also increased by 50%, in which the suburbs and close to the center recorded a breakthrough increase of 95% and 75%. However, due to high sensitivity to fluctuations, land has not shown a clear recovery in interest.
Ho Chi Minh City: Liquidity Increases Thanks to Capital Flow and Real Demand
The real estate market in Ho Chi Minh City shows signs of strong recovery after a period of stagnation, both in terms of price and demand. The third quarter of 2025 recorded an average asking price of VND99 million/m2 – the highest in the past two years –, along with a new peak in interest, showing expectations for the next growth cycle.
In the apartment segment, in the old Ho Chi Minh City area, the average price in the second quarter of 2025 reached VND72 million/m2, an increase of 35% compared to early 2023. In Binh Duong, prices increased by 30%, to VND41 million/m2; interest in the two localities increased by 19% and 48%, respectively. In addition, although Ba Ria – Vung Tau increased slightly, demand was not clear, showing a clear differentiation between satellite provinces.
In the inner city of Ho Chi Minh City, the central apartment segment continues to lead. In District 1, the luxury segment maintains high prices, around VND222 million/m2, up 39% in two years. The new bright spot is Thu Duc City: since 2023, apartment prices in District 2, District 9 and the center of Thu Duc have increased by 32-48%. The role of a “city within a city”, synchronous infrastructure and modern urban development potential have helped Thu Duc become a growth pole attracting medium- and long-term capital flows.
Mr. Dinh Minh Tuan – Director of the Southern region of Batdongsan.com.vn commented that Ho Chi Minh City is bouncing strongly when the supply is improved and liquidity is supported by investment cash flow and real demand. Regarding Hanoi, he assessed that prices continue to increase but demand shows signs of cooling down, capital is still focused on the high-end segment near the center and apartment real estate continues to hold the leading position. The shifting cash flow, the shift in supply – demand structure and optimistic psychology become new driving forces, suggesting the next opportunities for the Vietnamese real estate market.
