With 8,704 apartments launched, the apartment market in Hanoi in Q3 2024 recorded remarkable growth 14% QoQ and 393% YoY. Newly launched projects with clear legal status, reputable investors, attractive sales policies and comprehensive infrastructure achieved high absorption rates, especially in large integrated urban areas in the West.
The Hanoi market also welcomed a significant increase, with 1,872 units sold, up 929% QoQ and about 1,820% YoY, showing the development potential of this segment, especially in the suburbs.
The suburbs of Hanoi are forecasted to provide abundant supply to the market in Q4 2024 with about 8,900 newly launched units and more than 1,030 townhouses. Suburban areas with larger land funds and increasingly improved infrastructure connections to the city center will lead the market supply in 2025.
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