Hanoi market has lower new condo supply but higher sold units in Q3
The Hanoi condominium market had lower new supply volume in the third quarter of this year (Q3 2020), while the sold units have exceeded new launches, according to CBRE Vietnam's report on the Hanoi property market in Q3 2020.
An apartment complex near Nhat Tan Bridge in Hanoi (Photo: VNA)
Hanoi (VNA)ꩵ - TheHanoi condominium market had lower new supply volume in the third quarter ofthis year (Q3 2020), while the sold units have exceeded new launches, accordingto CBRE Vietnam's report on the Hanoi property market in Q3 2020.
In Q3 2020, there were about 3,500 units launched in Hanoileading to a total new launch during the first nine months of this year ofaround 10,700 units – down 61 percent year on year (y-o-y). In terms of segments, there were only mid-end and affordableproducts launched in Q3 2020, accounting for 51 percent and 49 percent of total new launches,respectively. Most projects launched during this quarter are small to mediumprojects located outside Ring Road No 3. Meanwhile, about 4,200 apartments were sold during thequarter, 20 percent higher than the new launch volume, although there were somedelays in sales and marketing activities due to the second wave of COVID-19 inlate July and early August. Selling prices in the primary market in Q3 2020 averaged 1,325 USD per sq.m (excluding VAT andmaintenance fees), down by 4 percent y-o-y due to the higher share of newlaunches in the affordable segment. Moving forwards, the level of new launches is expected to hoverat around 14,000 - 16,000 units in 2020, allowing sales absorption to catch up.The primary pricing is forecast to remain flat in Q4 2020 since new supply isheavily dominated by the mid-end segment and higher competition in this segment. Nguyen Hoai An, director of HanoiBranch, CBRE Vietnam, said: “The Hanoi condominium market has been heavilydominated by local, Hanoi-based developers. We expect this to change in thenear future, as an increasing number of foreign developers, and VietnameseSouthern-based developers areexpected to invest in new projects in Hanoi.”/.
Real estate companies have said that they will push marketing channels on social media and e-commerce floors instead of calling or sending text messages as a Government decree to tackle spam comes into effect next month.
The Ministry of Construction has asked provincial and municipal people’s committees to tighten management on condotels, officetels, resort villas and shophouses while there remains a shortage of regulations to ensure the development of these new property products.
The severe economic blows from COVID-19 have forced scores of businesses to suspend operations and even file for bankruptcy, with real estate companies among the hardest hit.
There is a trend of real estate developers moving their investments from big cities of Hanoi and Ho Chi Minh City to other localities, experts have said.
Industrial real estate will be a highlight this year and next, despite the sector as a whole struggling with the impact of COVID-19, according to Nguyen Quoc Anh, Deputy Director General of Batdongsan.com.vn, the leading property website in Vietnam.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
An apartment complex near Nhat Tan Bridge in Hanoi (Photo: VNA) 
