This data was presented during the fifth meeting of the Central Steering Committee on Social Housing and the Real Estate Market. Alongside the condo market, prices of other property types also increased notably.

Townhouses and villas within development projects climbed by 10–20% compared to 2024, especially in central zones and areas with well-developed infrastructure. Land prices rose by 20–25%, while primary prices for high-rise resort properties increased by 11%, and low-rise resort real estate saw a 5% jump year-on-year.

Transaction volume remained robust in 2025, with over 579,700 successful property deals nationwide - representing about 107.7% of the volume in 2024. Among these, more than 138,000 transactions involved condominiums and standalone homes.

Quarterly reports from the Ministry of Construction confirmed a sustained upward trend in apartment prices, particularly in the mid- to high-end segments. In Q3 2025, the average primary sale price for condos in Hanoi rose sharply to approximately 95 million VND per square meter (3,900 USD/m²), pushing up the market’s overall price level. In Ho Chi Minh City, the average price reached 91 million VND/m² (3,735 USD/m²), with many central-area projects listed between 120–150 million VND/m² (4,925–6,150 USD/m²).

Remarkably, more than 43% of new apartment supply on the primary market is now priced above 120 million VND/m².

Research from the Vietnam Real Estate Market Research Institute (VARS IRE) shows that condo prices in Hanoi, Da Nang, and Ho Chi Minh City have been on a continuous upward trajectory since 2023. By Q3 2025, prices had increased by 96.2% in Hanoi, 77.1% in Da Nang, and 56.9% in Ho Chi Minh City compared to 2019.

Many individual projects recorded gains ranging from several hundred million VND to over 1 billion VND (up to 41,000 USD) per unit within a short timeframe, despite limited improvements in infrastructure or project quality.

In Hanoi, it is now common to see condo developments priced at hundreds of millions of VND per square meter - a phenomenon unprecedented in previous property cycles.

Hong Khanh