Sharp Increase in Condominium Prices in 2024

In 2024, condominium prices in major Vietnamese cities have

significantly, establishing new price across various segments.

Hanoi's Price Surge

In Hanoi, the average price increase for condominiums was between 40% and 50% compared to 2023. Specifically, the

, previously priced below 30 million VND per square meter, has risen to below 45 million VND per square meter. The mid-range segment, once priced between 30 to 45 million VND per square meter, now ranges from 45 to 70 million VND per square meter. High-end condominiums, previously priced between 50 to 70 million VND per square meter, have increased to between 70 to 100 million VND per square meter. Additionally, projects have emerged with prices around 200 million VND per square meter.

Ho Chi Minh City's Price Increase

In Ho Chi Minh City, condominium prices have increased by approximately 20% to 30% compared to 2023. For instance, The Horizon Phu My Hung is priced at about 125 million VND per square meter, The Ascent at around 64 million VND per square meter, and Lữ Gia Plaza at approximately 46 million VND per square meter.

Increase in

and Land

The surge in

is not limited to condominiums. Detached houses and land plots have also seen significant price increases. In Hanoi, the for detached houses within projects have risen by approximately 30% to 40% compared to 2023, with some areas experiencing increases of up to 60% to 70%. Common asking prices now range from 100 to 200 million VND per square meter, with certain projects exceeding 300 million VND per square meter. In Ho Chi Minh City, the asking prices for detached houses within projects have remained relatively stable, with some areas experiencing increases of about 5% to 10% compared to 2023. Typical asking prices range from 90 to 250 million VND per square meter.