More than 50% of new housing supply in Hanoi and Ho Chi Minh City is priced above VND100 million/m²

Specifically, average apartment price in both major cities continued to increase strongly, both over 20% compared to the same period last year.

In Hanoi , the average price reached 85.6 million VND/m², up 23%, while in Ho Chi Minh City (old) it was 95.4 million VND/m², up 21% over the same period. Newly opened projects in the third quarter alone approached 108 - 131 million VND/m², clearly reflecting the trend in the high-end product group.

The price structure shows that more than 50% of new supply in both markets is over 100 million VND/m². Especially in the West of Hanoi, the first projects launched for sale have prices from 104 million VND/m². In Ho Chi Minh City after the merger, the price range is wider, 30 - 200 million VND/m², but mid-range apartments are mainly located in Binh Duong , while the central area still records the highest price level in the market.

Mr. Tran Minh Tien - Director of One Mount Group's Center for Market Research and Customer Insight - said that according to One Mount Group's calculations, a household with a good income (VND 200 million - VND 1.3 billion/year) needs an average of 9 - 10 years of work to own a standard 70m² apartment (price VND 85-95 million/m², excluding VAT). Meanwhile, the mass income group (

This shows that the gap between income and real estate prices is widening, posing a big challenge to housing in special urban areas such as Hanoi and Ho Chi Minh City.

Despite high selling prices, the absorption rate of projects launched in the third quarter of 2025 is still impressive: 93% in Hanoi and 80% in Ho Chi Minh City. Total transaction volume reached 10,100 units in Hanoi (up 6.3% compared to the same period in 2024) and 5,300 units in Ho Chi Minh City (up 65.2% compared to the same period in 2024).

Many projects in Hanoi and Ho Chi Minh City recorded "sold out" status on the opening day, showing that real demand and investment cash flow remain stable, especially for projects with favorable locations and transparent legal status.

About Real estate supply, the third quarter 2025 report of One Mount Group recorded that the Hanoi real estate market continues to be vibrant with the supply of newly opened apartments reaching 8,100 units, a slight decrease of 9% compared to the same period last year but still higher than the average of the period 2023 - 2025.

Hanoi's new supply is mainly concentrated in the East and West, notably Van Giang ( Hung Yen ) - accounting for 11% of the total sales volume. The West still plays a leading role thanks to its complete infrastructure and abundant land fund, accounting for about 36% of new supply.

Meanwhile, post-merger Ho Chi Minh City witnessed a strong breakthrough with 5,500 units, an increase of 261% compared to the same period in 2024, marking the highest recovery in the past three years. The driving force comes from the new legal regulations starting to take effect, helping the supply gradually improve, although the distribution is still uneven. More than 60% of the sales volume comes from Binh Duong area, while the center of Ho Chi Minh City is still scarce in new projects due to prolonged legal progress.

One Mount Group forecasts that in 2025, primary supply in Hanoi will reach about 31,000 units, the highest in three years, while Ho Chi Minh City is expected to reach 28,000 units. In 2026, supply will remain at 32,000 units in Hanoi and 23,000 units in Ho Chi Minh City, respectively.

Notably, Binh Duong accounts for about 65% of the supply in the Southern region in 2025 and will maintain a rate of about 50% next year, affirming the trend of expanding to the outskirts of the Ho Chi Minh City market after the merger.

Source: https://baolangson.vn/hon-50-nguon-cung-nha-moi-o-ha-noi-va-tp-hcm-co-gia-tren-100-trieu-dong-m-5061042.html