The price surge attributed to limited land availability, rising construction and input costs, and high investor expectations.

Apartment prices in major cities such as Hanoi and Ho Chi
Minh City continued to climb in the third quarter of 2025, according to the Ministry
of Construction.

The price surge was attributed to limited land availability,
rising construction and input costs, and high investor expectations.

Newly launched projects were offered at an average of VND78
million ($2,965) per sq.m, with more than 30% of the new supply priced at VND100
million ($3,802) per sq.m or higher. As a result, prices in the secondary
market have also risen, setting a new benchmark across the segment.

In Hanoi, primary apartment prices recorded a sharp
increase, averaging VND95 million ($3,612) per sq.m—up VND15 million ($570) per
sq.m from the previous quarter. Over 43% of new supply in the city is priced
above VND120 million ($4,562) per sq.m.

In Ho Chi Minh City (prior to the merger of localities),
prices continued to grow, particularly in the mid-range and high-end segments.
The average primary price reached VND91 million ($3,460) per sq.m, compared
with VND89 million in the previous quarter. In some central districts, prices
ranged between VND120–150 million ($4,562–$5,703) per sq.m.

The ministry noted that improved transport infrastructure
and limited new supply in key areas remain major factors sustaining high prices
in HCM City. Major infrastructure projects such as Metro Line No. 1 (Ben Thanh
– Suoi Tien), Ring Road 3, and Thu Thiem Bridge 4 are further supporting the
upward trend.

VnEconomy-Phan Dương