According to Batdongsan.com.vn, Hanoi apartments were the only type of property that saw an increase in interest in May (up 9% compared to April), while other segments such as land, private houses, townhouses, and villas decreased.
Notably, Hanoi apartments were the only type of property that saw an increase in interest in May, up 9% compared to April. The remaining segments such as land, private houses, townhouses, and villas saw the opposite trend, with interest decreasing by 15%, 8%, 8%, and 4%, respectively.
Land dominated the entire Northern market (outside Hanoi). However, in May, interest in land unexpectedly decreased by 5% compared to April. While apartments increased by 19%, private houses and villas both increased by 9%.
Also in May, the level of interest in apartments in the Northern provinces recorded a sharp increase of 19% compared to the previous month. This is a signal that buyers are returning to the market, especially in the provinces bordering Hanoi – where prices are still attractive and new supply is expanding.
The chart also shows that both Hanoi and the Northern provinces recorded an increase in the number of apartment listings, respectively 6% and 7% compared to the previous month. Although the fluctuation in the number of apartment listings is not strong, this increase shows the initiative of sellers and trading floors.
In the period 2021-2025, the apartment market in the Northern region recorded a clear differentiation between selling prices and rental prices. Accordingly, while the average apartment selling price increased sharply, especially in Hanoi, the rental price only recorded a modest increase.
In Hanoi, the apartment selling price increased from 31 million VND/m2 (Q1/2021) to 66 million VND/m2 (Q2/2025), equivalent to an increase of 113%. This is an increase of almost double in just 5 years, especially the stronger increase since 2023.
In the Northern provinces outside Hanoi, the selling price also increased significantly, from 26 million VND/m2 to 46 million VND/m2, equivalent to an increase of 77%. Although lower than Hanoi, this increase still shows the growing attractiveness of real estate in neighboring provinces, thanks to the trend of population migration and the strong development of inter-regional infrastructure.
Similar to the increase in the Northern provinces, in the Central region, especially Da Nang, the interest in apartments in May increased by 19% compared to the previous month. Other Central provinces recorded a steady increase, in which apartments increased by 8%, followed by villas with an increase of 15% and private houses with an increase of 9%.
In the South, besides Ho Chi Minh City, neighboring provinces, although not increasing too strongly, still maintained a stable level of interest in the apartment segment. Meanwhile, selling prices and rental prices in Ho Chi Minh City continued to increase.
Specifically, the average selling price of apartments in Ho Chi Minh City reached about 60 million VND/m2, an increase of 46% compared to the first quarter of 2021. Rental prices increased by 9%, to an average of 12 million VND/apartment. Provinces outside Ho Chi Minh City currently keep rental prices at about 7 million VND/apartment, without many fluctuations.33
