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Housing prices have skyrocketed, there are no apartments for less than 25 million VND/m2, people are more worried about where to live.

Apartment prices in localities in the first months of this year tend to increase, the average increase rate is about 3% compared to the end of 2021. There are no more apartments priced under 25 million VND/m2 in the cities. big street.

Nguyen Hung Van, a native of Thai Binh with his wife and children, has rented a house in Hanoi for nearly a decade. After a long time of saving, along with selling the land in the countryside, he and his wife “led” about 1 billion VND. He did not have much money, so he chose the area of ​​Thanh Tri district to find an apartment, hoping to choose an apartment suitable for available finance.

The couple searched everywhere, but only the social housing project had the lowest price, just right for their money, but it was a pity that his family was not in the audience to buy this type of house.

Looking to commercial apartment projects, he ‘targeted’ a project located in Tu Hiep commune, the smallest apartment is only 63m2 with 2 bedrooms and 2 bathrooms, but he was startled when these apartments are priced at 28-29 million VND/m2, falling to nearly 2 billion VND/unit.

Housing prices have skyrocketed, there are no apartments for less than 25 million VND/m2, people are more worried about where to live.
According to the Ministry of Construction, the price of houses and residential land has increased compared to people’s incomes; In big cities like Hanoi and Ho Chi Minh City, there are no apartments for less than 25 million VND/m2.

If you buy and then borrow from a bank, Van and his wife are worried that they cannot afford to pay the monthly principal and interest when they have to borrow too much.

“The price of the apartment is so high, I don’t know when my wife and I will find a ‘settlement’ place to escape the monthly rental,” worried Mr. Van.

According to the Ministry of Construction, the price of houses and residential land has increased compared to people’s incomes. In big cities like Hanoi and Ho Chi Minh City, there are almost no apartments for rent under 25 million VND/m2.

Apartment prices in all localities tend to increase, the average increase rate is about 3% compared to the end of 2021.

Accordingly, in Hanoi, apartment prices increased by about 4-5%, higher than in Ho Chi Minh City while apartment prices in this place only increased by 1-2% compared to the end of 2021.

In the market, mid-end apartments, priced at about VND 30 million/m2 to less than VND 50 million/m2, are still the dominant segment. In Hanoi, some projects such as Sunshine Garden (Hai Ba Trung) cost about 37.1 million VND/m2, Hapulico Complex (Thanh Xuan) cost about 33.8 million VND/m2, Sunshine City (Northern Tu Liem) ) cost about 41.8 million VND/m2…

Or in Ho Chi Minh City, An Gia Skyline apartment project (District 7) costs about 38.6 million VND/m2, Happy Valley (District 7) costs about 47.6 million VND/m2.

In addition, the market also appeared high-end apartments with prices over 50 million VND/m2, even in Ho Chi Minh City there are apartment projects costing up to 200 million VND/m2.

The increase in the price of apartments, according to the Ministry of Construction, is still lower than that of real estate. Specifically, the price of individual houses and land plots in the first 3 months of this year increased by a higher margin than that of apartments, an average increase of about 5-10% compared to the previous quarter.

Even at the end of last March, in some localities, in the suburbs of Hanoi, Ho Chi Minh City, Thai Binh, Lam Dong, Khanh Hoa, Da Nang, Dong Nai… there was price and transaction volume phenomenon. land plots increased rapidly, in some places the price increased by 15-20% compared to the end of 2021. This increase was similar to that at the end of the first quarter, the beginning of the second quarter of 2021, but the spread and the price increase margin were low. than.

Specific figures show that, in Hanoi, the 4th belt areas passing through Hoai Duc district such as near Duong Lieu industrial cluster, Song Phuong overpass, land prices are about more than 100 million VND/m2; the area near the project Vinhomes Wonder Park Dan Phuong costs about 150 million VND/m2; Nhat Tan bridgehead area in the East of England, the price is about more than 200 million VND/m2 with beautiful plots of large road surface….

In Ho Chi Minh City, the land plot at Thu Thiem Villa project (District 2) costs about 125.3 million VND/m2; The EverRich III (District 7) costs about 117.5 million VND/m2; Dong Tang Long project (District 7) costs about 64.4 million VND/m2; Hoang Anh Minh Tuan project (District 9) costs about 91.5 million VND/m2; Kim Son project (District 7) costs about 136.5 million VND/m2….

In Da Nang, the FPT City project (Ngu Hanh Son district) costs about VND 60 million/m2; The project at Halla Jade Residences (Hai Chau district) costs about 90 million VND/m2.

In Hai Phong, the project in the North Song Cam urban area (Thuy Nguyen district) costs about 82.3 million VND/m2; Him Lam Hung Vuong project (Hong Bang district) costs about 34.8 million VND/m2.

Or in Binh Duong, the Green Square project (Di An city) costs about 140 million VND/m2; VSIP I Binh Duong project (Thuan An city) costs about 90 million VND/m2.

In Dong Nai, the project at Dai Phuoc Lotus (Nhon Trach district) costs about 55 million VND/m2; The project in the residential area of ​​extended street 5 (Bien Hoa city) costs about 70 million VND/m2.

In Khanh Hoa, the project in Vinh Hoa New Urban Area (Nha Trang City) costs about 125 million VND/m2; The project in An Vien coastal urban area (Nha Trang city) costs about 120 million VND/m2….

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