What is the average property price in Hai Phong?

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BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Hai Phong. If you'd like to learn more about us, you can check our presentation page.

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At BambooRoutes, we explore the Vietnamese real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Hai Phong, Hanoi, and Ho Chi Minh City. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What's the average property price in Hai Phong right now?

As of September 2025, the average property price in central Hai Phong reaches VND 45 million per square meter for apartments.

Central district apartments command the highest prices at VND 45 million per square meter, while new project apartments range between VND 30-45 million per square meter depending on location and amenities. Villas and townhouses in central areas are priced slightly higher at VND 49 million per square meter, representing a premium due to their scarcity and rising demand from expatriates and high-net-worth investors.

Suburban apartments offer more affordable entry points at VND 12-15 million per square meter, making them attractive for first-time buyers and rental investment strategies. Land plots in developing areas like An Duong district are available at VND 12-40 million per square meter, representing significant discounts compared to central locations while offering long-term appreciation potential.

Industrial zone properties, positioned near major manufacturing facilities, are priced at VND 20-30 million per square meter and generate strong rental yields due to consistent worker demand. Coastal premium properties command VND 35-50 million per square meter, appealing to lifestyle buyers and tourism-focused investments.

The Hai Phong residential market remains significantly more affordable than Hanoi or Ho Chi Minh City, where comparable properties cost 30-60% more.

How do prices differ between apartments, houses, and villas?

Villas and townhouses are the most expensive property type in Hai Phong, averaging VND 49 million per square meter in central areas.

Central apartments are priced at VND 45 million per square meter, making them slightly more affordable than villas but still commanding premium prices due to their prime locations. New project apartments offer modern amenities at VND 30-45 million per square meter, providing good value for buyers seeking contemporary features and facilities.

Villas have outpaced apartment price growth over the past two years due to limited supply and increasing demand from expatriate families and investors seeking larger living spaces. The premium for villas reflects their land ownership component, privacy, and typically larger floor areas compared to apartment units.

Suburban apartments represent the most budget-friendly option at VND 12-15 million per square meter, ideal for rental investment strategies targeting local workers and young professionals. Houses in established neighborhoods typically fall between apartment and villa pricing, depending on land size and condition.

It's something we develop in our Vietnam property pack.

What are the average prices in the main districts and neighborhoods of Hai Phong?

District/Area	Price Range (VND/m²)	Market Profile
Hong Bang (Central)	40-100 million	Premium luxury, expat hub
Le Chan	30-42 million	Balanced, largest housing supply
Kien An	28-38 million	Family-oriented, good schools
Coastal Areas	35-50 million	Tourism, lifestyle investment
Thuy Nguyen	25-35 million	Up-and-coming, city status 2025
An Duong	12-40 million	Developing, infrastructure growth
Industrial Zones	20-30 million	Rental-focused, worker housing
Du Hang Kenh	~45 million (apartments)	Value growth potential

How does the price per square meter compare across different property types?

Price per square meter varies significantly across property types, with central villas commanding the highest rates at VND 49 million per square meter.

Central apartments closely follow at VND 45 million per square meter, representing excellent value for prime location access without the premium associated with landed properties. New project apartments range from VND 30-45 million per square meter, offering modern specifications and amenities that appeal to contemporary buyers.

Suburban apartments provide the most affordable entry point at VND 12-15 million per square meter, delivering strong rental yields and capital appreciation potential as the city expands. Land plots in developing districts like An Duong offer flexible pricing from VND 12-40 million per square meter, allowing buyers to customize their investment approach.

Industrial zone properties at VND 20-30 million per square meter specifically target rental income generation, benefiting from consistent demand from factory workers and industrial professionals. Coastal premium properties command VND 35-50 million per square meter, reflecting their tourism potential and lifestyle appeal.

The price differential between property types has widened over the past year, with villas and premium apartments appreciating faster than suburban options due to limited supply and increasing affluent buyer demand.

What is the total cost of buying a property once you include taxes, fees, and legal costs?

The total cost of buying property in Hai Phong includes several additional expenses beyond the purchase price, typically adding 1-2% to the transaction value.

Registration fees amount to approximately 0.5% of the property value, while notarization and legal fees range from 0.2-0.5% of the transaction price. Land use rights transfer fees and administrative payments constitute additional costs that vary by district and property type.

Personal income tax on real estate transfers is proposed at 20% of net gain for properties sold within ownership periods, calculated as sale price minus purchase price and associated costs. If original purchase price cannot be verified, tax rates apply at 10% of gross sale value for properties owned under 2 years, progressively declining to 2% for properties held over 10 years.

For a typical 70-square-meter central apartment priced at VND 3.15 billion (VND 45 million × 70), additional costs include VND 15.75 million in registration fees and VND 15.75 million in legal and notary fees, bringing the total to approximately VND 3.18-3.19 billion excluding potential tax liabilities.

Buyers should budget an additional 1-3% of purchase price for all transaction costs, depending on property type and specific circumstances.

How much would a typical mortgage cost for an average property here?

Home loan interest rates in Vietnam range from 5.3-7.2% annually as of 2025, with most lenders requiring 30% down payment for foreign buyers.

For a VND 3.15 billion central apartment with 70% loan-to-value financing, buyers would need VND 945 million cash for the down payment and borrow VND 2.205 billion. With a 20-year term at 6% interest, monthly payments would reach approximately VND 15-17 million.

Lenders typically require stable monthly income documentation and proof of funds for the down payment, with foreign buyers facing additional documentation requirements including work permits and income verification from overseas sources. Processing times range from 4-8 weeks depending on lender and borrower documentation completeness.

Variable rate mortgages are common, with rates potentially adjusting based on Vietnam's central bank policy changes. Fixed-rate options are available but typically carry higher initial rates. Some developers offer preferential financing arrangements for new project purchases.

Mortgage qualification requires demonstrating monthly income capacity to service the loan while maintaining adequate living expenses, with debt-to-income ratios typically capped at 40-50% of gross monthly income.

What are some recent example purchase prices for different property sizes and types?

Recent transaction examples in Hai Phong demonstrate the current market pricing across different property categories and sizes.

• 60-square-meter modern apartment in Le Chan district: VND 2.2 billion (VND 36.9 million per square meter)
• 130-square-meter luxury apartment in Dong Khe area: VND 4.8 billion (VND 36.9 million per square meter)
• 50-square-meter suburban apartment: VND 600 million (VND 12 million per square meter)
• 100-square-meter modern villa: VND 4.9 billion (VND 49 million per square meter)
• 80-square-meter new project apartment with amenities: VND 2.8 billion (VND 35 million per square meter)

These examples reflect September 2025 market conditions and demonstrate the price variations based on location, property age, and amenities. Le Chan district properties command premium prices due to established infrastructure and retail accessibility, while suburban options provide significant value for budget-conscious buyers.

Luxury apartments in prime locations like Dong Khe maintain consistent pricing per square meter regardless of unit size, indicating strong market demand. New project developments typically include modern amenities like swimming pools, gyms, and security services, justifying their premium pricing compared to older buildings.

Villa transactions show the highest per-square-meter values, reflecting the scarcity of landed properties and growing demand from affluent Vietnamese and expatriate buyers seeking larger living spaces.

Which neighborhoods are the most expensive, which are up-and-coming, and which are budget-friendly?

The most expensive neighborhoods in Hai Phong are central districts including Hong Bang and premium coastal areas, where properties can reach VND 40-100 million per square meter.

Hong Bang district represents the luxury market with limited supply and high expatriate demand, while coastal areas command premiums due to tourism potential and lifestyle appeal. Le Chan district offers balanced pricing at VND 30-42 million per square meter with the largest supply of landed housing and strong retail infrastructure.

Up-and-coming neighborhoods include Thuy Nguyen and An Duong districts, both positioned for significant growth. Thuy Nguyen will gain official city status by 2025 with major connectivity upgrades, while An Duong benefits from long-term infrastructure development plans and currently offers properties at VND 12-40 million per square meter.

Budget-friendly options are concentrated in suburban areas and industrial zones, where properties start at VND 12-15 million per square meter. These areas maintain steady rental demand from factory workers and young professionals, providing reliable investment income for buyers seeking affordable entry points.

Du Hang Kenh district offers compelling value at approximately VND 45 million per square meter for apartments, combining affordability with long-term capital appreciation potential as the city continues expanding.

What are the smartest choices today if you want to live, rent short-term, rent long-term, or resell later at a higher price?

For long-term living, Le Chan, Thuy Nguyen, and Kien An districts offer the best combination of modern amenities, stable neighborhoods, and improving connectivity.

1. **Living long-term:** Choose Le Chan for established infrastructure, Thuy Nguyen for future growth potential, or Kien An for family-oriented amenities including quality schools and community facilities.2. **Short-term rental investment:** Target central areas and coastal properties in new projects with high rental demand from expatriates, tourists, and industrial professionals willing to pay premium rates for modern amenities.3. **Long-term rental income:** Focus on industrial districts, An Duong, and suburban markets where steady expatriate and worker demand creates reliable rental streams with lower vacancy risks.4. **Resale appreciation:** Invest in Thuy Nguyen, An Duong, new waterfront developments, and green building projects that remain below city center prices but are experiencing faster growth rates.5. **Emerging opportunities:** Du Hang Kenh offers affordable entry points with strong capital appreciation potential, while properties near new infrastructure projects and industrial parks provide growth catalysts.

The optimal strategy combines location fundamentals with property type selection, considering factors like proximity to employment centers, transportation links, and planned infrastructure improvements.

It's something we develop in our Vietnam property pack.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

How have property prices changed in Hai Phong compared to five years ago and compared to last year?

Property prices in Hai Phong have experienced dramatic appreciation over the past five years, with central apartments increasing from VND 20-25 million per square meter in 2019 to VND 45 million per square meter in 2025.

This represents an 80-120% price increase over five years, driven by infrastructure development, rising foreign direct investment, and growing middle-class demand for quality housing. The appreciation has been particularly pronounced in central districts and premium developments.

During 2024-2025, the market has shown 5-7% quarterly growth in top districts after rebounding from a brief correction in 2023. The recovery has been supported by improved economic conditions, resumed infrastructure projects, and increased expatriate workforce presence.

Villas and townhouses have outperformed apartments in recent years due to limited supply and increasing demand from affluent buyers seeking larger living spaces. Suburban areas have also seen significant appreciation as the city expands and transportation connectivity improves.

The pace of appreciation has varied by district, with emerging areas like Thuy Nguyen and An Duong showing the strongest percentage gains, while established central areas have seen steady but more moderate growth from their already elevated base prices.

What are the forecasts for property prices in Hai Phong over the next 1 year, 5 years, and 10 years?

Property price forecasts for Hai Phong indicate continued strong growth through 2026, with annual increases of 7-10% expected across most market segments.

The 1-year outlook through 2026 is particularly bullish, supported by massive infrastructure investment, ongoing foreign direct investment expansion, and continued middle-class income growth. Industrial development and port expansion are expected to drive sustained demand for both residential and investment properties.

The 5-year forecast through 2030 projects continued appreciation at 6-8% annually, assuming Vietnam maintains its economic growth trajectory and infrastructure development pace. Hai Phong's strategic location and industrial base provide strong fundamentals for sustained real estate demand.

The 10-year outlook through 2035 suggests more moderate but steady growth of 4-6% annually, reflecting market maturation and the natural slowing of appreciation rates as prices reach higher absolute levels. Long-term growth will depend on Vietnam's continued economic development and Hai Phong's evolution into a major regional center.

Forecasts beyond five years are subject to macroeconomic factors, global trade conditions, and domestic policy changes that could affect Vietnam's overall growth trajectory and foreign investment flows.

How do Hai Phong property prices compare with other big, similar cities in Vietnam?

City	Apartment Price (VND/m²)	Villa Price (VND/m²)	Rental Yields
Hai Phong (central)	45 million	49 million	3.2-5%
Hanoi	60-100 million	Up to 100 million	3.7%
Ho Chi Minh City	65-120 million	90-150 million	~4%
Da Nang	30-45 million	50-70 million	4-5%
Can Tho	25-35 million	40-55 million	4.5-6%
Nha Trang	35-55 million	60-80 million	3.5-5.5%

Hai Phong offers competitive rental yields of 3.2-5% while maintaining significantly lower purchase prices than Hanoi or Ho Chi Minh City, making it an attractive investment destination for yield-focused buyers.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Hai Phong Price Forecasts
2. Hai Phong Area Guide
3. Vietnam Law Magazine - Real Estate Sales Tax
4. Vietnam Net - Real Estate Taxation
5. Fazwaz - Hai Phong Properties
6. Vietnam Plus - Home Loan Rates
7. Hai Phong Real Estate Trends
8. Numbeo - Hai Phong Property Investment
9. Global Property Guide - Vietnam Price History
10. Vietnam Briefing - Real Estate Market 2025