Written by Dustin Trung Nyugen, Head of Vietnam 

Apartment prices in Hanoi have surged sharply over the past decade, with values now exceeding VND100 million (US$3,786) per sqm across several major projects.

Some developments have seen prices rise more than 2.5 times since launch, and year-on-year gains remain substantial, including 39% at Royal City, 36% at Park View City, 32% at Hinode City, and 29% at Times City. This rapid appreciation has firmly established VND100 million per sqm as the new benchmark for mid- to high-tier apartments in the capital. 

In Ho Chi Minh City, the trend is even more pronounced. More than 50% of the 5,500 units launched last quarter were priced at or above VND100 million (US$3,800) per sqm, reinforcing the dominance of the high-end segment.

Average prices in HCMC climbed 21% to VND96 million per sqm, with surrounding provinces Ba Ria–Vung Tau and Binh Duong showing similar upward momentum after being merged administratively with the city.

Together, these developments indicate a sustained upward trajectory for Vietnam’s residential market, driven by strong demand and limited supply in key urban centres.