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Everything you need to know before buying real estate is included in our Vietnam Property Pack
Hai Phong is Vietnam's third-largest city and a major port hub, making it a growing hotspot for apartment buyers in 2026.
This guide breaks down actual apartment prices, hidden costs, and neighborhood differences so you know exactly what to budget.
We constantly update this blog post as new data becomes available to keep the information fresh and reliable.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Hai Phong.
Insights
- The median apartment price in Hai Phong in 2026 sits around 39 million VND per square meter, which is roughly 30% cheaper than Hanoi or Ho Chi Minh City for comparable units.
- New apartments in Hai Phong often come with hidden add-ons totaling 13% to 16% on top of the sticker price, including VAT and the mandatory 2% maintenance fund that many foreigners miss.
- Thuy Nguyen district is flagged by Savills as the fastest-emerging area in Hai Phong, with major infrastructure projects driving apartment demand and price appreciation.
- A typical two-bedroom apartment in Hai Phong costs around 2.9 billion VND (about $116,000 USD), making it accessible for middle-income buyers compared to Vietnam's major cities.
- Monthly running costs for a Hai Phong apartment range from 1.6 to 4.8 million VND, with electricity being the biggest variable due to air conditioning usage.
- Vietnam does not have a US-style annual property tax on apartment market value, so yearly property taxes in Hai Phong typically stay under 500,000 VND for most units.
- Down payments in Hai Phong typically range from 30% to 50% of the purchase price, meaning you need at least 880 million VND cash upfront for a standard two-bedroom apartment.
- Budget-friendly districts like Kien An and Duong Kinh offer apartments at 25 to 35 million VND per square meter, roughly 40% below central district prices.
How much do apartments really cost in Hai Phong in 2026?
What's the average and median apartment price in Hai Phong in 2026?
As of January 2026, the average apartment price in Hai Phong is around 45 million VND per square meter (approximately $1,800 USD or €1,665 EUR per square meter), while the median price sits lower at about 39 million VND per square meter ($1,560 USD or €1,445 EUR).
This means for a typical 75-square-meter apartment, you're looking at a median total price of roughly 2.9 billion VND ($116,000 USD or €107,000 EUR) in Hai Phong's current market.
The typical price range that covers most standard apartment projects in Hai Phong falls between 30 and 55 million VND per square meter ($1,200 to $2,200 USD or €1,110 to €2,035 EUR), with premium developments in prime locations pushing up to 70 million VND per square meter or higher.
How much is a studio apartment in Hai Phong in 2026?
As of January 2026, a typical studio apartment in Hai Phong costs around 1.4 billion VND (approximately $56,000 USD or €52,000 EUR), based on the median price per square meter applied to a standard 35-square-meter unit.
Entry-level to mid-range studio apartments in Hai Phong start from about 900 million VND ($36,000 USD or €33,000 EUR) in outer districts, while high-end or luxury studios in central locations can reach 2.1 billion VND ($84,000 USD or €78,000 EUR) or more.
Studio apartments in Hai Phong typically range from 30 to 40 square meters, which is fairly standard for Vietnamese urban developments and similar to what you'd find in Hanoi or Ho Chi Minh City.
How much is a one-bedroom apartment in Hai Phong in 2026?
As of January 2026, a typical one-bedroom apartment in Hai Phong costs around 1.95 billion VND (approximately $78,000 USD or €72,000 EUR), calculated using the median price per square meter for a standard 50-square-meter unit.
Budget one-bedroom apartments in Hai Phong's outer districts start from about 1.35 billion VND ($54,000 USD or €50,000 EUR), while premium one-bedroom units in central areas like Ngo Quyen or Le Chan can reach 3 billion VND ($120,000 USD or €111,000 EUR).
One-bedroom apartments in Hai Phong typically measure between 45 and 55 square meters, giving you enough space for a separate living area and a proper bedroom, which is important for resale value.
How much is a two-bedroom apartment in Hai Phong in 2026?
As of January 2026, a typical two-bedroom apartment in Hai Phong costs around 2.9 billion VND (approximately $116,000 USD or €107,000 EUR), which represents the most common configuration for families and is calculated using a 75-square-meter standard size.
Entry-level two-bedroom apartments in Hai Phong's more affordable districts like Kien An start from about 2.1 billion VND ($84,000 USD or €78,000 EUR), while premium two-bedroom units in well-located projects can reach 4.5 billion VND ($180,000 USD or €167,000 EUR) or higher.
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Hai Phong.
How much is a three-bedroom apartment in Hai Phong in 2026?
As of January 2026, a typical three-bedroom apartment in Hai Phong costs around 3.9 billion VND (approximately $156,000 USD or €144,000 EUR), based on a standard 100-square-meter unit at the median price per square meter.
Budget three-bedroom apartments in Hai Phong's outer areas start from about 2.85 billion VND ($114,000 USD or €106,000 EUR), while luxury three-bedroom units in prime central locations can reach 6 billion VND ($240,000 USD or €222,000 EUR) or more.
Three-bedroom apartments in Hai Phong typically range from 90 to 110 square meters, which provides comfortable family living space and is the size category where location and amenities most significantly affect pricing.
What's the price gap between new and resale apartments in Hai Phong in 2026?
As of January 2026, new-build apartments in Hai Phong typically command a premium of about 10% to 20% over comparable resale units in the same area, with our best estimate being around 12% for the average new-over-resale gap.
The estimated average price per square meter for new-build apartments in Hai Phong is around 44 to 50 million VND ($1,760 to $2,000 USD or €1,630 to €1,850 EUR), reflecting developer pricing that includes newer finishes and cleaner legal documentation.
Resale apartments in Hai Phong average closer to 35 to 42 million VND per square meter ($1,400 to $1,680 USD or €1,300 to €1,555 EUR), which makes them attractive for buyers who prioritize value over having a brand-new unit.
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Can I afford to buy in Hai Phong in 2026?
What's the typical total budget (all-in) to buy an apartment in Hai Phong in 2026?
As of January 2026, the typical all-in budget to buy a standard two-bedroom apartment in Hai Phong ranges from about 3 billion to 3.4 billion VND ($120,000 to $136,000 USD or €111,000 to €126,000 EUR), once you factor in all closing costs beyond the purchase price.
The all-in budget in Hai Phong includes the purchase price plus registration fees (0.5%), notary and authentication fees, administrative costs, and for new apartments specifically, you often need to add 10% VAT and a 2% building maintenance fund if these aren't already included in the quoted price.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Hai Phong property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Hai Phong.
What down payment is typical to buy in Hai Phong in 2026?
As of January 2026, the typical down payment to buy an apartment in Hai Phong ranges from 30% to 50% of the purchase price, meaning for a standard 2.9 billion VND two-bedroom apartment, you need between 870 million and 1.45 billion VND ($35,000 to $58,000 USD or €32,000 to €54,000 EUR) in cash upfront.
Most Vietnamese banks require a minimum down payment of 30% for apartment purchases, though some lenders may ask for higher amounts depending on your income documentation and the property type.
To secure more favorable mortgage terms and lower interest rates in Hai Phong, a down payment of 40% to 50% is recommended, as this reduces the bank's risk and often unlocks better promotional rate periods.
You can also read our latest update about mortgage and interest rates in Vietnam.
We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
Which neighborhoods are cheapest or priciest in Hai Phong in 2026?
How much does the price per m² for apartments vary by neighborhood in Hai Phong in 2026?
As of January 2026, apartment prices per square meter in Hai Phong vary dramatically by neighborhood, ranging from about 25 million VND ($1,000 USD or €925 EUR) in outer districts to over 70 million VND ($2,800 USD or €2,590 EUR) in the most central and premium locations.
The most affordable neighborhoods for apartments in Hai Phong include Kien An, Duong Kinh, and An Duong, where prices typically fall between 25 and 35 million VND per square meter ($1,000 to $1,400 USD or €925 to €1,300 EUR).
The most expensive neighborhoods in Hai Phong are Ngo Quyen, Le Chan, Hong Bang, and Hai An, where apartment prices typically range from 45 to 70 million VND per square meter ($1,800 to $2,800 USD or €1,665 to €2,590 EUR) due to their central locations and proximity to key infrastructure.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Hai Phong.
What neighborhoods are best for first-time buyers on a budget in Hai Phong in 2026?
As of January 2026, the top three neighborhoods best suited for first-time buyers on a budget in Hai Phong are Kien An, Duong Kinh, and An Duong, which all offer lower entry prices while still maintaining reasonable connections to the city center.
In these budget-friendly Hai Phong neighborhoods, typical apartment prices range from 1.5 to 2.5 billion VND ($60,000 to $100,000 USD or €55,500 to €92,500 EUR) for a two-bedroom unit, which is roughly 30% to 40% below central district prices.
These affordable Hai Phong districts offer good basic amenities including local markets, schools, healthcare facilities, and improving transportation links, making them practical choices for young families or first-time buyers.
The main trade-off of buying in Kien An, Duong Kinh, or An Duong is longer commute times to Hai Phong's central business areas and fewer premium retail or entertainment options compared to districts like Ngo Quyen or Le Chan.
Which neighborhoods have the fastest-rising apartment prices in Hai Phong in 2026?
As of January 2026, the neighborhoods with the fastest-rising apartment prices in Hai Phong are Thuy Nguyen, Hai An, and Le Chan, all of which are experiencing strong demand driven by infrastructure development and new urban projects.
These fast-appreciating Hai Phong neighborhoods have seen estimated year-over-year price increases of 8% to 15%, significantly outpacing the city average, though exact figures vary by specific project and location within each district.
The main driver behind rapid price growth in Thuy Nguyen is the "new city" development narrative and major infrastructure pipeline, while Hai An benefits from Cat Bi airport proximity and industrial zone access, and Le Chan gains from dense residential demand and large urban redevelopment projects.
You can also read our latest update about property price forecasts in Hai Phong.
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What extra costs will I pay on top of the apartment price in Hai Phong in 2026?
What are all the buyer closing costs when you buy an apartment in Hai Phong?
For a typical apartment purchase in Hai Phong, total buyer closing costs range from about 30 million to 500 million VND ($1,200 to $20,000 USD or €1,110 to €18,500 EUR), depending heavily on whether you're buying new or resale.
The main categories of closing costs buyers must pay in Hai Phong include the registration fee (0.5% of property value), notary and authentication fees, administrative processing fees, and for new apartments, often VAT (10%) and the maintenance fund (2%).
The largest closing cost expense for buyers purchasing new apartments in Hai Phong is typically VAT at 10% of the purchase price, which can add nearly 300 million VND to a standard two-bedroom apartment purchase if it's not already included in the quoted price.
Some closing costs in Hai Phong are somewhat negotiable, particularly notary fees and administrative charges which can vary between service providers, though the registration fee and VAT are fixed by law.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Hai Phong?
Buyers in Hai Phong should budget approximately 1% to 2% of the purchase price for closing costs on resale apartments, but 13% to 16% for new apartments when VAT and the maintenance fund are not included in the quoted price.
The realistic low-to-high percentage range for closing costs in Hai Phong covers 1% at the absolute minimum for a straightforward resale transaction, up to 16% or more for new-build purchases where all add-ons apply and the developer quotes prices excluding these items.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Hai Phong.
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.
What are the ongoing monthly and yearly costs of an apartment in Hai Phong in 2026?
What are typical HOA fees in Hai Phong right now?
In Hai Phong, HOA-style fees exist as "apartment service" or "management fees" charged per square meter per month, with typical mid-market buildings charging 8,000 to 18,000 VND per square meter monthly, meaning a 75-square-meter apartment pays roughly 600,000 to 1.35 million VND per month ($24 to $54 USD or €22 to €50 EUR).
The range of management fees in Hai Phong extends from basic buildings at around 8,000 VND per square meter monthly to premium or luxury buildings charging 18,000 to 25,000 VND per square meter or more, which can mean monthly fees of 1.5 to 1.9 million VND ($60 to $76 USD or €56 to €70 EUR) for a 75-square-meter unit.
What utilities should I budget monthly in Hai Phong right now?
The estimated total monthly utility cost for a typical apartment in Hai Phong ranges from about 1.2 to 3.4 million VND ($48 to $136 USD or €44 to €126 EUR), covering electricity, water, and internet.
Depending on apartment size and air conditioning usage, monthly utilities in Hai Phong can range from as low as 1 million VND for a small, energy-efficient unit to over 3.5 million VND ($140 USD or €130 EUR) for larger apartments with heavy A/C use during hot months.
The typical monthly utility budget in Hai Phong includes electricity (the largest component at 800,000 to 2.5 million VND), water (150,000 to 400,000 VND), and internet (250,000 to 450,000 VND).
Electricity is by far the most expensive utility for apartment owners in Hai Phong, especially during summer months when air conditioning can push bills to 2 million VND or higher depending on usage patterns.
How much is property tax on apartments in Hai Phong?
The estimated typical annual property tax for an apartment in Hai Phong is very low by international standards, generally ranging from 0 to 500,000 VND per year ($0 to $20 USD or €0 to €18.50 EUR) for most ordinary residential units.
Vietnam does not have a US-style annual property tax based on apartment market value; instead, the applicable tax is a non-agricultural land use tax that applies to your indirect "land share," resulting in minimal amounts for individual apartment units.
The realistic range of annual property tax in Hai Phong depends on local assessment and land-share calculations, but for most apartments, you should budget no more than 500,000 VND per year, with many owners paying even less.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Hai Phong.
What's the yearly building maintenance cost in Hai Phong?
The estimated typical yearly building maintenance cost for apartment owners in Hai Phong includes a one-time 2% maintenance fund payment at purchase (around 60 million VND for a 3 billion VND apartment), plus ongoing unit upkeep of roughly 9 to 30 million VND per year ($360 to $1,200 USD or €333 to €1,110 EUR).
The realistic range of yearly maintenance costs in Hai Phong varies from about 0.3% to 1% of your apartment's value annually for inside-unit upkeep, meaning a 3 billion VND apartment might need 9 to 30 million VND per year depending on building age and finish quality.
Building maintenance expenses in Hai Phong typically include minor repairs, appliance replacement, repainting, plumbing fixes, and general wear-and-tear items that are the owner's responsibility rather than covered by the building management.
The 2% maintenance fund paid upfront is separate from monthly management fees and is legally mandated under Vietnam's Housing Law, while ongoing unit maintenance is an additional personal budgeting item that varies by owner.
How much does home insurance cost in Hai Phong?
The estimated typical annual home insurance cost for an apartment in Hai Phong ranges from about 1 to 4 million VND per year ($40 to $160 USD or €37 to €148 EUR), depending on coverage level and the value of contents you choose to insure.
The realistic range of annual home insurance costs in Hai Phong extends from basic coverage at around 1 million VND to comprehensive policies covering higher-value contents at 4 million VND or more, with premiums calculated as a small percentage of the insured value.
Home insurance for apartments in Hai Phong is generally optional for individual owners, though building-level fire insurance may be mandatory under Vietnam's compulsory fire insurance framework, which your building management typically handles separately.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Hai Phong, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Savills Vietnam | A global real estate firm with dedicated research teams tracking Vietnamese markets. | We used it as our anchor for Hai Phong's average apartment price per square meter. We also referenced their emerging area analysis for neighborhood insights. |
| Dot Property Vietnam | A large regional property portal that publishes median prices from actual listings. | We used it to estimate the median price per square meter in Hai Phong. We adjusted slightly to reflect the gap between asking and agreed prices. |
| Numbeo | A transparent crowdsourced database showing sample sizes and update dates. | We used it to validate the centre-versus-outskirts price spread. We treated it as a triangulation input rather than an official source. |
| Hai Phong Water Tariff Decision | The official city government decision setting regulated household water prices. | We used it to price monthly water bills using official per-cubic-meter tariffs. We treated it as ground truth for Hai Phong water costs. |
| Hai Phong Water JSC | The local water company's official customer-facing tariff page. | We used it to confirm the tariff structure residents actually see. We cross-checked it against the legal decision text. |
| EVN (Electricity of Vietnam) | Vietnam's state electricity utility publishing official retail pricing. | We used it to estimate electricity bills using the May 2025 price update. We treated it as the baseline for early-2026 budgeting. |
| Decree 10/2022/ND-CP (LuatVietnam) | The official government decree setting registration fee rules in English. | We used it to quantify the 0.5% registration fee for ownership transfers. We built it into our all-in budget calculations. |
| LawNet Registration Fee Explainer | Directly quotes the decree and provides quick verification of the 0.5% rate. | We used it as a second-source confirmation of the headline rate. We used it only to support the primary decree source. |
| Circular 257/2016/TT-BTC (LuatVietnam) | Ministry of Finance circular setting the fee framework for notarization services. | We used it to justify that notary fees are fee-scheduled, not arbitrary. We translated it into practical budget ranges for transactions. |
| LawNet Housing Law (2% Fund) | Cites the Housing Law article explaining the common 2% maintenance fund. | We used it to quantify the 2% maintenance fund buyers often pay on new apartments. We included it as a major hidden cost foreigners miss. |
| Vietnam GSO/NSO | Vietnam's official statistics authority publishing nationwide income data. | We used it to frame affordability context for Hai Phong buyers. We noted that Hai Phong incomes can exceed the national average. |
| Reuters | A top-tier wire service attributing numbers to government sources. | We used it to benchmark Vietnam's big-city apartment price environment. We used it only as macro context since Hai Phong is cheaper than Hanoi. |
| Vietcombank | One of Vietnam's largest banks publishing its own lending offers. | We used it to show what promotional mortgage rates look like in Vietnam. We cautioned that real rates step up after promo periods. |
| State Bank of Vietnam (via LawNet) | References an SBV governor decision on preferential housing program rates. | We used it to show that policy-backed preferential rates exist. We did not assume foreign buyers automatically qualify. |
| Bao Viet Insurance | A major Vietnamese insurer publishing product terms and coverage options. | We used it to understand what home insurance looks like locally. We estimated typical premiums using conservative heuristics. |
| Bao Viet Bank | A bank-backed product page reinforcing local insurance availability. | We used it to confirm apartment insurance is sold through mainstream channels. We used it to support our budgeting assumptions. |
| Non-Agricultural Land Use Tax Law | Consolidated law text defining the property tax base in Vietnam. | We used it to confirm Vietnam taxes land, not apartment market value. We translated that into a conservative annual budget expectation. |
| Thu Vien Phap Luat (Management Fees) | Legal guidance on apartment management fee structures in Vietnam. | We used it to anchor the per-square-meter monthly fee structure. We applied market ranges consistent with Vietnam's building tiers. |
| Russin & Vecchi | A law firm explaining Vietnam's compulsory fire insurance framework. | We used it to clarify mandatory versus optional insurance requirements. We noted that building-level fire insurance is typically handled by management. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Vietnam. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
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