Nearly 81,000 units were available for sale in 2024, up more than 40% on year.

Hanoi's retail property market continues to show strong growth potential.

The fourth quarter would see increasing supply of new apartments, with around 9,700 units to get launched.

The mid-range segment in Hanoi will continue to play a significant role in supply.

Expectations are high following the approval by the National Assembly of the Real Estate Business Law, the Housing Law, and the Land Law, which will soon enter into force.

Hanoi's real estate market is expected to continue having positive developments in the upcoming quarters.

Remittance volumes will be a new source of demand driving the property market, according to VARS.