In early 2025, the Hanoi real estate market was bustling with sales and kickoff activities of real estate projects. Most of the market’s supply at the beginning of the year was concentrated in the market’s big players.
Hanoi Real Estate Market at the Beginning of the Year: Many Projects Launched
Right at the beginning of 2025, the big projects of Vinhomes continued to be bustling with the next launches with Vinhomes Global Gate, Vinhomes Ocean City, Vinhomes Star City and the new opening plan of Vinhomes Wonder City… In general, Vinhomes’ projects had a quite favorable start at the beginning of the year when transactions were quite good. For example, on February 23, before the news that Tu Lien Bridge would start construction on May 19, the opening ceremony of Vinhomes Global Gate recorded more than 1,000 billion VND in successful transactions. Vinhomes Ocean City also recorded a strong increase in purchasing power before the announcement of a 3% price increase applied from March 1. In addition, Vinhomes Wonder City in Dan Phuong has also been bustling with bookings throughout the past time.
The Charm An Hung project (Ha Dong) of investor Van Phu has also officially accepted bookings, The Nelson (Lang Ha, Ba Dinh) has also been launched, L3 Masteri Lakeside building (in Vinhomes Ocean Park urban area) of Masterise has also opened for sale since the end of February, PR2 building – The Paris subdivision of Vinhomes Ocean Park urban area of investor Mitsubishi is accepting bookings, The Cosmopolitan – Imperia Signature project of Vinhomes Global Gate urban area of big guy MIK was officially announced on March 5. In the near future, the Hanoi real estate market will welcome a new supply of luxury apartments, which is the Masteri high-rise complex of Masterise in Vinhomes Ocean City. In addition, the Keppler Land twin towers developed by NSI in Ha Dong will also be launched on the market in the near future.
It is not difficult to see that the supply of Hanoi’s real estate market at the beginning of the year was quite active, mainly concentrated in the West and East of the capital. The two types of products that dominated the supply at the beginning of the year were apartments and low-rise segments such as villas, townhouses, and shophouses. This supply was the gathering of famous real estate giants such as Vinhomes, MIK, Masterise, and Van Phu.
What Scenarios For Hanoi Real Estate Market 2025?
Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that the Hanoi real estate market in early 2025 is “benefiting” from the positive consequences of the developments of the previous year. Specifically, 2024 is the year that creates a “turning point” in the process of building a new legal corridor for the Vietnamese real estate market. The fact that three laws related to the real estate market simultaneously take effect 5 months earlier than the regulations has created positive effects for the market in general, including Hanoi. At the same time, the issuance of a series of circulars and decrees even before the Law takes effect clearly demonstrates the great efforts and determination of the Government and ministries and branches in promoting the market to recover soon.
That is why at the beginning of 2025, investors confidently launched their products, notably major investors such as Vingroup, MIK, Masterise, Van Phu… Launching events, official openings, announcements, introductions or kickoffs were all organized on a large scale, with extensive media coverage. Typical examples are Vinhomes Global Gate, The Charm An Hung, The Cosmopolitan – Imperia Signature… This reality shows that the signs of growth in the real estate market are increasingly clear.
According to Mr. Dinh, recent developments show that real estate investment demand has recovered by about 40%. Investment demand is driven by new supply and investors are more cautious when choosing products from large, reputable investors in the market. Regarding the Hanoi real estate market, the Chairman of the Real Estate Brokerage Association emphasized that housing supply is still mainly contributed by suburban metropolises. Supply is still concentrated and led mainly by large investors. With the two main segments of apartments and low-rise launched at the beginning of the year, Mr. Dinh said that primary prices in both segments will continue to be “anchored” high due to scarce land funds, increased investment costs and land-related costs.
