Rising popularity: Motorcyclists riding in front of high-rise buildings in Hanoi. The city leads with a 112% increase in property prices over a five-year period. — AFP
HO CHI MINH CITY: Vietnam’s property market continues to show resilience amid economic volatility, with major cities remaining bright spots.
According to property technology platform Batdongsan.com.vn, Hanoi, Ho Chi Minh City, Hai Phong and Da Nang have demonstrated strong appeal, recording strong price growth throughout the 2021 to 2025 cycle.
The findings were unveiled at the Vietnam real estate market overview for the third quarter of 2025 seminar held online on Oct 7, which drew strong interest from industry experts, investors and real estate businesses.
Hanoi led with a 112% increase in property prices over five years, followed by Hai Phong (71%), Da Nang (53%) and Ho Chi Minh City (42%).
In the central region, Da Nang, after merging with Quang Nam Province, saw a strong rebound with buyer interest up 24% in the former Da Nang and 58% in the former Quang Nam.
Prices rose by 30% and 32% respectively, driven mainly by investors from other localities, including Hanoi and Ho Chi Minh City. Land and apartment prices in Da Nang have soared by 68% and 50% from the first quarter (1Q) of 2023.
Ha Nghiem, director of Batdongsan.com.vn’s Da Nang branch, said land prices remained only slightly above their 2019 peak, meaning there is room for growth.
Hai Phong has also entered a clear recovery phase. Nguyen Thi Ngoc Thuong, director of Batdongsan.com.vn’s Hai Phong branch, said the merger with Hai Duong has made the former city Vietnam’s third-largest economy, creating a new national growth hub.
It has maintained a 4.6% rental yield, second only to Bac Ninh, and supply is expanding in the mid- and high-priced segments, she said.
The city’s mega coastal urban model that integrates industry, logistics, housing, seaport, commercial, and service functions under one large-scale administrative structure continues to attract both investors and new residents, paving the way for diverse real estate from industrial and commercial assets to apartments and shophouses, she added.
In Hanoi, property prices continue to rise this year, though at a slower pace. Listing prices are up 13% compared with a 39% jump in 2024.
Apartments remain the most active segment, but affordability challenges are emerging, especially in premium districts.
Ho Chi Minh City’s real estate market also showed clear signs of revival, with stronger growth in both prices and buyer interest.
Batdongsan.com.vn’s 3Q data showed average listing prices climbed to 99 million dong per sq m, the highest in two years, while property searches reached record highs, reflecting expectations of a new growth cycle. The apartment segment has been most active.
In the former Ho Chi Minh City area, prices averaged 72 million dong per sq m in 2Q, up 35% from early 2023.
In the former Binh Duong Province, they rose by 30% to 41 million dong.
Buyer interest in these two areas increased by 19% and 48% respectively, signalling real demand.
The Ba Ria-Vung Tau Province saw slow growth and declining buyer interest, underscoring the growing divergence among satellite markets.
The land segment in Ho Chi Minh City and Binh Duong has also recovered after several quiet quarters.
Average land prices rose by 6% from the second quarter to 69 million dong per sq me in Ho Chi Minh City and 5% to 21 million dong in Binh Duong.
“After a period of waiting and observation, Ho Chi Minh City is bouncing back strongly, with improving liquidity driven by both end-user and investment demand,” Dinh Minh Tuan, southern regional director of Batdongsan.com.vn, pointed out.
In Hanoi, prices remained high but buyer demand has cooled, with capital still focused on near-central high-end projects, he said.
“This divergence between the two biggest markets reflects a broader national recovery trend.”
Speaking about the prospects for 4Q, Batdongsan.com.vn said 60% of surveyed agents said the market would continue to grow, with 17% expecting strong growth, a third anticipating stability, while only 6% were concerned about a potential short-term decline. — Viet Nam News/ANN
