Chua Boc Street, the busy fashion center of Hanoi, currently has extremely high house prices reaching more than VND1.2 billion per sqm.

Hanoi has called on police to investigate and address individuals and organizations illegally offering to submit applications for social housing purchases and rentals - practices deemed violations of housing policy.

As land prices in Hanoi continue to reach new highs, many buyers wonder if a budget of just over 1 billion VND (around 40,000–70,000 USD) can buy them a house in the heart of the capital.

In a draft land price framework under development, the highest residential land price in Hanoi is proposed at over VND700 million per sqm.

Hundreds of hopeful homebuyers lined up through the night to secure a spot in the application process for affordable apartments in Hanoi.

In the small alleys around Hanoi's old quarter, houses that are only a few sqm in size, lacking light and amenities, are still listed for sale at up to VND800 million/sqm.

As Hanoi apartment prices continue to climb, even units once criticized for poor location or feng shui are now selling for billions of dong more than last year.

Hanoi faces a deepening dilemma: it wants to both raise revenue from land and reduce housing prices. But these two goals cancel each other out.

Apartment prices in Hanoi and HCMC have continued to surge, with many projects reaching VND150-300 million per sqm. Experts say that for prices to drop naturally, multiple solutions are needed beyond just increasing supply.

Despite increasing supply, Hanoi's housing market skews toward luxury developments, driving out real demand.

Apartment prices in Hanoi are becoming increasingly expensive, with some selling prices around VND100 million/sq m, beyond the affordability of most people.

Whenever a new road is announced or opened, real estate prices in nearby areas often increase in value by an average of 20-30 percent.

Rising costs and luxury bias put homeownership beyond reach for most city residents.

60% of apartments launched in the first half of 2025 were priced above 80 million VND per square metre. Since the third quarter of 2024, no new developments have been recorded with prices below 60 million VND per square metre.

In a report on the capital city's property market in Q2 2025 published on July 10, CBRE experts revealed that nearly 6,850 new apartment units were put on the market in Q2, almost doubling the supply from the first quarter. ​

Statistics from the Vietnam Real Estate Research Institute show that the average household income in major cities like Hanoi and HCM City is just enough to cover 30-40 percent of the value of a typical apartment.

The Hanoi capital city region is witnessing a strong wave of real estate investment, particularly in satellite urban areas. The merging of provinces and cities is expected to create a breakthrough in market development.

Thousands of unused units on prime land may be repurposed to solve housing needs.

The Hoa Lac metro project is still on paper, but its proposal has sent land prices in the area skyrocketing. Many investors have rushed to surf for quick profits but were left disillusioned as the market stalled.