Supply of townhouses, villas in Hanoi expected to exceed 7,000 units
Supply of townhouses, villas in Hanoi expected to exceed 7,000 units
Hanoi remains a bright spot for the supply of landed properties (townhouses and villas), with total supply expected to exceed 7,000 units in 2025, according to a survey by CBRE Vietnam, a foreign real estate service company.
Total supply of townhouses, villas in Hanoi expected to exceed 7,000 units in 2025 (Photo: VNA) |
Hanoi – Hanoi remains a bright spot for the supply of landed properties (townhouses and villas), with total supply expected to exceed 7,000 units in 2025, according to a survey by CBRE Vietnam, a foreign real estate service company.
CBRE experts noted that the outlook for the coming years shows that in Hanoi, in addition to the supply from subsequent phases of existing projects, the market will also see new supply from urban development projects in Dan Phuong, Long Bien, and Tay Ho districts within the next 2-3 years.
Meanwhile, the supply of landed properties in Ho Chi Minh City is also expected to improve due to new urban projects being developed in the Eastern and Southern regions of the city. The new supply in 2025 is projected to reach around 2,000 units, an eight-fold increase compared to 2024.
Regarding the residential market in Hanoi and HCM City this year, Executive Director of CBRE Vietnam Duong Thuy Dung said that the year 2025 will mark the beginning of a new cycle in the residential market, with abundant supply and improved product quality driven by increasing competition among developers.
The market is expected to become more stable and sustainable as it has time to adapt to the revised laws, as well as new circulars and implementation guidelines.
This will create a clear legal environment, encouraging developers to actively participate in project development while also opening up opportunities for more people to access and purchase houses more easily.
In 2024, the new supply of landed properties in Hanoi doubled compared to 2023. Total supply of this segment was marked by over 6,300 townhouses and villas launched from subsequent sale phases of existing urban areas in Dong Anh and Ha Dong districts. With a relatively abundant new supply, the absorption capacity of this market in Hanoi remained stable.
As a result, the total number of units sold in 2024 exceeded 6,100, up 43% year-on-year. The asking prices for townhouses and villas in the last quarter of 2024 remained relatively unchanged, with the primary sale price reaching approximately 220 million VND (8,660 USD) per square metre (excluding VAT and maintenance fees), up 20% year-on-year.
In HCM City, over 230 apartments were offered for sale in 2024, eight times higher than the previous year. With the high demand for housing, the sale rate of newly launched projects in the year reached nearly 80% of the total.
The primary sale price of townhouses and villas in the southern metropolis reached 310 million VND per square metre by the fourth quarter of 2024, increasing by 13% year-on-year but decreasing by 1% compared to the second quarter.
