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SUMMARY
A normal private apartment in Hai Phong now costs roughly VND 40–55 million per square metre, with VND 2.5–4 billion covering much of the mainstream market.
The citywide price range is unusually wide because Hai Phong effectively contains three different apartment markets. Regulated social housing sits around VND 17–23 million/m², mainstream private projects around VND 40–55 million/m², and premium towers can reach VND 55–70 million/m² or more.
Hai Phong has repriced quite quickly. The average apartment price moved from roughly VND 34 million/m² in Q1 2025 to around VND 40 million/m² in Q1 2026, an increase of about 17.6% in a year.
The more revealing change is where buyers are looking. Interest has shifted away from apartments below VND 30 million/m² and toward the VND 40–55 million/m² bracket, suggesting that higher prices are becoming normal rather than being confined to a few luxury launches.
VND 3 billion is probably the most useful benchmark for an ordinary buyer today. It can still buy a modern one- or two-bedroom apartment across a reasonable range of projects, whereas VND 2 billion increasingly means compromising on size, age or project choice.
Price per square metre and total price can tell very different stories. Compact units in expensive towers such as Diamond Crown can cost less overall than larger apartments in cheaper projects, even while carrying a much higher underlying VND/m² price.
Project choice now matters more than district averages. Le Chan remains one of the stronger apartment areas, but premium projects in Hai An or elsewhere can easily cost more than good apartments only a short drive away.
Resale stock is not automatically cheap either. Completed apartments in well-regarded projects can hold their prices because buyers avoid construction risk and can inspect the exact unit, so meaningful discounts often depend on the seller rather than simply the age of the building.
The cheapest headline figures need to be treated separately. Social housing can cost less than half as much per square metre as a modern private apartment, but eligibility restrictions mean it is not a direct alternative for most open-market buyers.
The next phase of the market may be less dramatic than the last one. Hai Phong has thousands of private and social-housing units coming through, so another roughly 18% annual increase would require strong absorption rather than just continued enthusiasm around new launches.
The practical picture is therefore fairly clear: around VND 2 billion buys compact or selected resale stock, VND 3 billion gives buyers a genuine mainstream choice, VND 4–5 billion opens much of the premium two-bedroom market, and VND 6–7 billion or more reaches Hai Phong's larger luxury apartments.
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Why is it so hard to give one Hai Phong apartment price?
Hai Phong apartment prices currently stretch from about VND 17 million to more than VND 70 million per square metre, so one citywide average hides more than it explains.
At the bottom of the market, regulated social housing is still being priced around VND 17–23 million/m². Hai Phong's Department of Construction, for example, published temporary prices of roughly VND 17.1–18.7 million/m² for social housing around the extended Do Muoi road in Thuy Nguyen. Other recent schemes have landed closer to VND 19–23 million/m².
Private apartments cost much more. Batdongsan.com.vn's Hai Phong market data put the average apartment price around VND 40 million/m² in Q1 2026, while many modern private projects now sit somewhere between roughly VND 38 million and VND 55 million/m².
The premium market goes much further. Diamond Crown has lately been advertised around VND 48–73 million/m², while Golden Crown listings frequently sit around VND 50–70 million/m² and occasionally higher.
Someone quoting VND 20 million, VND 40 million or VND 65 million per square metre may therefore be describing a perfectly real Hai Phong apartment. The important question is which part of the market they mean.
Does “Hai Phong” still mean the same property market?
Hai Phong's official boundaries now cover a much larger area than the port-city apartment market most buyers have in mind.
The former Hai Duong province and Hai Phong were combined in 2025. The enlarged municipality covers roughly 3,195 km² and has about 4.66 million residents.
Housing that would previously have appeared under Hai Duong can now sit beside apartments in Le Chan, Ngo Quyen or Hai An under the same Hai Phong label, even though the buyer profiles, locations and price levels are very different.
For apartment prices, we therefore focus mainly on the established Hai Phong urban market around Le Chan, Ngo Quyen, Hai An, Hong Bang and nearby growth areas such as Thuy Nguyen. Using the whole enlarged municipality would make the price range look wider than the market most apartment buyers are actually shopping in.
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Have Hai Phong apartment prices gone up a lot lately?
Hai Phong apartment prices have risen enough that VND 25–30 million/m² is no longer a realistic benchmark for much of the modern private market.
Market data published through Hai Phong's municipal portal using Batdongsan.com.vn figures put the average apartment price at roughly VND 34 million/m² in Q1 2025. It then reached VND 38 million in Q2, VND 39 million in Q3 and VND 41 million in Q4 before settling around VND 40 million/m² in Q1 2026.
Moving from VND 34 million to VND 40 million in roughly a year is an increase of about 17.6%. On a 70 m² apartment, that adds roughly VND 420 million to the purchase price.
Buyer searches changed at the same time. Apartments below VND 30 million/m² accounted for roughly 48–57% of apartment interest in 2023, but only around 25% by Q1 2026. Interest in the VND 40–55 million/m² bracket rose from about 18% to 37%.
The shift is more revealing than the average alone. Buyers are increasingly shopping at price levels that would have looked expensive in Hai Phong only a few years ago.
| Period | Average apartment price | Change from Q1 2025 | Approx. cost of 70 m² |
|---|---|---|---|
| Q1 2025 | VND 34m/m² | — | VND 2.38bn |
| Q2 2025 | VND 38m/m² | +11.8% | VND 2.66bn |
| Q3 2025 | VND 39m/m² | +14.7% | VND 2.73bn |
| Q4 2025 | VND 41m/m² | +20.6% | VND 2.87bn |
| Q1 2026 | VND 40m/m² | +17.6% | VND 2.80bn |
What is a normal apartment price per square metre in Hai Phong now?
For a normal private apartment in urban Hai Phong today, VND 40–55 million/m² is the most useful working range.
Cheaper private apartments still exist around VND 30–40 million/m², especially in older buildings, resale stock or less expensive projects. But VND 40 million/m² is now close to the lower edge of a lot of modern private housing rather than an expensive outlier.
Several large developments show the pattern clearly. Hoang Huy Commerce resale units often sit around VND 40–55 million/m². The Minato Residence is commonly around VND 43–57 million/m². Gem Park starts lower, with advertised units from roughly VND 33 million/m² and extends into the mid-VND 50 millions.
At VND 45 million/m², a 50 m² apartment costs VND 2.25 billion, a 70 m² apartment VND 3.15 billion and a 90 m² apartment VND 4.05 billion.
The city's average was already around VND 40 million/m² in early 2026. Add a newer project, a better floor, an attractive view and good finishing, and VND 45–60 million/m² comes up pretty quickly.
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How much do Hai Phong's biggest apartment projects cost?
Hai Phong's major private apartment projects currently range from roughly VND 33 million to more than VND 70 million/m².
Gem Park is one of the clearest mid-market examples. Batdongsan.com.vn currently shows the roughly 1,400-unit project around VND 32.8–56.3 million/m².
Hoang Huy Commerce, with more than 3,000 apartments, has a quoted project benchmark around VND 38 million/m², although many resale listings sit closer to VND 40–55 million/m².
The Minato Residence costs more. Current listings generally fall around VND 43–55 million/m², with the wider quoted project range reaching roughly VND 57 million/m².
DOJI's developments sit at the top. Diamond Crown currently has advertised stock around VND 48–73 million/m². Golden Crown two-bedroom listings frequently appear around VND 50–65 million/m² and can move higher for particular units.
| Project | Area | Current indicative price | Positioning | Approx. scale |
|---|---|---|---|---|
| Gem Park | Hong Bang | VND 33–56m/m² | Mid / upper-mid | 1,400 units |
| Hoang Huy Commerce | Le Chan | VND 38–55m/m² | Upper-mid | 3,476 units |
| The Minato Residence | Le Chan | VND 43–57m/m² | Premium | ~925 units |
| Diamond Crown | Central eastern area | VND 48–73m/m² | Luxury | ~800 units |
| Golden Crown | Hai An area | ~VND 50–70m+/m² | Luxury | ~1,000 units |
How much does a one-bedroom apartment cost in Hai Phong now?
A one-bedroom apartment in Hai Phong currently costs roughly VND 1.7–2.7 billion across much of the mainstream and upper-mid market.
Hoang Huy Commerce has recently advertised one-bedroom units around VND 2.0–2.5 billion. At The Minato Residence, many one-bedroom listings sit around VND 2.35–2.6 billion depending on size, floor and furnishing.
Diamond Crown produces an interesting exception because some studios and compact one-bedroom units are only about 31–38 m². Current resale advertisements include units around VND 1.7–2.1 billion even though the building itself commands a much higher price per square metre.
A compact apartment in a luxury tower can therefore have a lower total purchase price than a larger unit in a cheaper project. Looking only at the headline price can hide a 20–30% gap in the underlying price per square metre.
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How much do two- and three-bedroom apartments cost in Hai Phong?
A typical private two-bedroom apartment in Hai Phong now costs about VND 2.4–4.0 billion, while three-bedroom units usually start around VND 3 billion and can exceed VND 7 billion in premium towers.
Hoang Huy Commerce currently has two-bedroom resale stock broadly around VND 2.35–3.2 billion. At The Minato Residence, many two-bedroom listings sit closer to VND 3.4–3.9 billion.
Diamond Crown moves into another price bracket. Its currently advertised two-bedroom units range roughly from VND 3.0 billion to VND 5.4 billion. Three-bedroom apartments are commonly offered around VND 5.9–7.3 billion.
Golden Crown gives us another premium benchmark. Two-bedroom apartments of roughly 63–83 m² have recently been listed from around VND 4.1 billion to above VND 5 billion.
| Apartment type | Mainstream / upper-mid budget | Premium budget | Current examples |
|---|---|---|---|
| Compact / 1BR | VND 1.7–2.6bn | VND 2.5–3.2bn+ | Hoang Huy, Minato, Diamond Crown |
| 2BR | VND 2.4–4.0bn | VND 4.0–5.5bn+ | Hoang Huy, Minato, Golden Crown |
| 3BR | VND 2.8–4.5bn | VND 5.5–7.5bn+ | Hoang Huy, Minato, Diamond Crown |
| Large / duplex | VND 4bn+ | VND 7bn+ | Premium towers |
Can VND 2 billion still buy a decent apartment in Hai Phong?
VND 2 billion can still buy a decent Hai Phong apartment, but the choice is now much tighter than it used to be.
At VND 40 million/m², VND 2 billion buys 50 m². At VND 50 million/m², it buys only 40 m². That immediately puts many newer two-bedroom apartments out of reach.
There are still workable options. Hoang Huy Commerce has compact units near the VND 2 billion mark. Diamond Crown studio resales around 31–34 m² have appeared around VND 1.7–1.9 billion. Older buildings and cheaper projects can also come in below VND 2 billion.
For buyers who want a modern two-bedroom apartment with several projects to choose from, VND 2.5–3 billion is currently a much more comfortable budget.
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Is VND 3 billion enough for a good apartment in Hai Phong?
VND 3 billion is currently one of the most practical budgets for buying a modern private apartment in Hai Phong.
At VND 40 million/m², VND 3 billion buys about 75 m². At VND 45 million, it buys roughly 67 m². Even at VND 50 million, the budget still covers around 60 m².
That puts plenty of mainstream one- and two-bedroom stock within reach. Hoang Huy Commerce has many two-bedroom options around or below VND 3 billion, and parts of Gem Park fit comfortably into the same budget.
The Minato Residence becomes harder at that level, especially for larger two-bedroom apartments, while Golden Crown generally starts above it. Larger Diamond Crown units also move quickly into the VND 3.5–5 billion range.
VND 3 billion is close to today's sweet spot: enough to create real choice in Hai Phong's private market without paying the full premium attached to the city's most expensive towers.
How cheap is social housing in Hai Phong compared with private apartments?
Hai Phong social housing currently costs less than half as much per square metre as much of the city's private apartment market.
Hai Phong's Department of Construction has published several recent regulated prices. Social housing along the extended Do Muoi road in Thuy Nguyen has buildings temporarily priced around VND 17.1–18.7 million/m². A project in Kien An was published at around VND 19.3 million/m². Tan Truong social housing has been around VND 19.7–21.2 million/m² depending on the phase, while Trang Cat has been announced at roughly VND 22.7 million/m².
Compare VND 19 million/m² with a private-market benchmark of VND 45 million. A 60 m² apartment goes from about VND 1.14 billion to VND 2.7 billion, a difference of roughly VND 1.56 billion.
These prices come with eligibility rules, so most buyers cannot treat social housing as a direct substitute for Gem Park, Minato or Diamond Crown. But the gap is large enough that social housing has to be separated from private-market averages.
| Hai Phong housing example | Published / indicative price | 60 m² equivalent | Market type |
|---|---|---|---|
| Extended Do Muoi road social housing | VND 17.1–18.7m/m² | VND 1.03–1.12bn | Regulated |
| Kien An social housing | ~VND 19.3m/m² | ~VND 1.16bn | Regulated |
| Tan Truong social housing | ~VND 19.7–21.2m/m² | VND 1.18–1.27bn | Regulated |
| Trang Cat social housing | ~VND 22.7m/m² | ~VND 1.36bn | Regulated |
| Mainstream private apartments | ~VND 40–55m/m² | VND 2.4–3.3bn | Open market |
| Premium private projects | ~VND 55–70m+/m² | VND 3.3–4.2bn+ | Open market |
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How expensive are Hai Phong's luxury apartments now?
Hai Phong's luxury apartment market has already moved into the VND 60–70 million/m² range, with some units going higher.
Diamond Crown gives the clearest completed-market example. Batdongsan.com.vn currently shows an advertised range around VND 48–73 million/m². One-bedroom units are offered around VND 1.9–3.2 billion, two-bedroom apartments around VND 3.0–5.4 billion and three-bedroom units around VND 5.9–7.3 billion.
Golden Crown is reinforcing that upper-end pricing. Recent two-bedroom advertisements include roughly VND 4.1 billion for 63 m², about VND 4.2 billion for 71 m², and VND 4.9–5.4 billion for larger layouts. Many of those examples work out at roughly VND 59–65 million/m², while selected stock has been advertised closer to VND 75–78 million/m².
The price premium is large in absolute terms. A 75 m² apartment at VND 65 million/m² costs VND 4.875 billion. The same floor area at VND 40 million/m² costs VND 3 billion.
Hai Phong already has a genuine luxury-apartment market, even though its citywide average remains much lower.
Is Le Chan still one of the expensive parts of Hai Phong?
Le Chan is still one of Hai Phong's stronger apartment areas, although the specific project now tells us more about price than the district name alone.
Le Chan contains both Hoang Huy Commerce and The Minato Residence, giving the area a large concentration of modern high-rise stock near Aeon Mall, the Lach Tray river and major road links. Current prices in those projects commonly sit from around VND 40 million into the mid-VND 50 millions per square metre.
Hai An can be just as expensive once Golden Crown and other premium projects are included. Ngo Quyen also has a wide spread because older apartments coexist with high-end towers.
Even within the same part of the city, project branding, completion quality, floor, view and furnishing can move a unit's price by tens of percent. A premium project in Hai An can easily cost more than a perfectly good apartment in Le Chan only a short drive away.
For current Hai Phong apartment pricing, we would start with the project, then look at the exact building, unit and micro-location. District averages are useful background, but they are increasingly too blunt for an actual purchase decision.
| Segment / project example | Useful current range | 70 m² equivalent | Main price driver |
|---|---|---|---|
| Cheaper existing stock | VND 25–35m/m² | VND 1.75–2.45bn | Age and condition |
| Gem Park / similar | VND 33–50m/m² | VND 2.31–3.50bn | Newer private stock |
| Hoang Huy Commerce | VND 40–55m/m² | VND 2.80–3.85bn | Modern Le Chan stock |
| Minato Residence | VND 43–57m/m² | VND 3.01–3.99bn | Premium positioning |
| Diamond / Golden Crown | VND 50–70m+/m² | VND 3.50–4.90bn+ | Luxury specification |
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Are resale apartments in Hai Phong actually cheaper?
Hai Phong resale apartments can be cheaper than new stock, but the discount is often smaller than buyers expect.
The Minato Residence is a good example. The broader project range sits around VND 43–57 million/m², while recent resale offers included a 73 m² two-bedroom apartment around VND 3.09 billion, or roughly VND 42 million/m², and an 81 m² furnished unit around VND 3.5 billion, roughly VND 43 million/m².
Diamond Crown shows a similar spread. Compact studios have appeared around VND 54–58 million/m², while some larger units sold by motivated owners have been advertised in the low-VND 50 millions. The wider project range still reaches above VND 70 million/m².
Completed apartments can hold their price surprisingly well because buyers can see exactly what they are getting and avoid construction delays. The biggest resale discounts usually appear when an owner needs to sell quickly, the unit has a weaker floor or view, or the developer is still offering attractive payment incentives on new inventory.
The same caution applies to advertised prices generally. Portals such as Batdongsan.com.vn are useful for seeing the current range, but a listing is still an asking price. Developer discounts, furniture, transfer costs and payment schedules can all change what the buyer ultimately pays.
What apartment can VND 1 billion, VND 2 billion, VND 3 billion or VND 5 billion buy in Hai Phong?
Each extra billion dong currently changes the type of Hai Phong apartment a buyer can realistically target.
Around VND 1 billion, modern unrestricted private apartments are difficult to find. That budget fits social housing far better for eligible buyers, along with some older stock or an initial payment on a financed property.
At VND 2 billion, compact private apartments become realistic. Studios, one-bedroom units and some older or discounted two-bedroom apartments enter the picture.
At VND 3 billion, the market opens up considerably. Buyers can choose among many mainstream one- and two-bedroom apartments, including stock in Hoang Huy Commerce and parts of Gem Park.
Around VND 4 billion, stronger two-bedroom apartments at Minato and some entry-level premium units become accessible.
With VND 5 billion, buyers can shop seriously in the premium two-bedroom segment and among larger mainstream three-bedroom apartments. Even then, the biggest Diamond Crown three-bedroom units can still cost VND 6–7 billion or more.
| Total budget | What is realistically available now | Approx. private-market size at VND 45m/m² | Main compromise |
|---|---|---|---|
| VND 1bn | Social housing / limited older stock | 22 m² | Eligibility or quality |
| VND 2bn | Compact 1BR / selected resale | 44 m² | Size or project |
| VND 3bn | Broad mainstream 1–2BR choice | 67 m² | Limited luxury access |
| VND 4bn | Strong 2BR / some premium stock | 89 m² | Premium project selection |
| VND 5bn | Premium 2BR / large mainstream 3BR | 111 m² | Top-end 3BR still expensive |
| VND 7bn+ | Luxury 3BR / large premium units | 156 m² | Mainly unit-specific |
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Is Hai Phong still cheap for apartment buyers?
Hai Phong is still cheaper than Vietnam's most expensive apartment markets, but modern private apartments in the city no longer feel especially cheap.
The biggest change is the market's center of gravity. Prices around VND 20–30 million/m² used to describe a much larger part of Hai Phong's private apartment market. Today, the average is closer to VND 40 million/m², and buyer interest has shifted heavily toward the VND 40–55 million range.
At those prices, a fairly ordinary 70 m² apartment costs about VND 2.8–3.85 billion. At VND 60–70 million/m², a premium 70 m² unit costs VND 4.2–4.9 billion.
Social housing still gives Hai Phong a genuinely cheap regulated segment. For unrestricted modern apartments, though, the city's old reputation for very low prices is increasingly behind the market.
Could all the new apartments coming to Hai Phong slow prices down?
Yes, Hai Phong has enough new apartment supply coming through that another rapid jump in prices is far from guaranteed.
The private projects alone are large. Gem Park contains roughly 1,400 apartments, Hoang Huy Commerce about 3,476, The Minato Residence more than 900 and Diamond Crown around 800. Golden Crown adds close to another thousand premium units.
The lower end also has a substantial pipeline. Hai Phong's Department of Construction lists thousands of social-housing apartments across Trang Cat, Lac Vien, Trang Due, Thuy Nguyen, Kien An and other areas. One earlier official summary covering only six projects already represented around 9,420 planned social-housing units.
Demand still has support from the city's industrial base, infrastructure investment and the growing popularity of apartments relative to traditional low-rise housing. But developers are responding with real volume.
Assuming the roughly 18% rise from VND 34 million to VND 40 million/m² simply repeats would be aggressive. Hai Phong has already repriced upward; the next leg depends much more on how quickly all this new stock gets absorbed.
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So, how much does an apartment in Hai Phong cost now?
A normal private apartment in Hai Phong currently costs roughly VND 40–55 million per square metre, with VND 2.5–4 billion covering much of the market ordinary private buyers are likely to consider.
Eligible social-housing buyers can still find regulated apartments around VND 17–23 million/m², which puts a 60 m² unit at roughly VND 1.0–1.4 billion.
For unrestricted private housing, the middle of the market has moved considerably higher. Compact one-bedroom apartments commonly cost around VND 1.7–2.6 billion, while two-bedroom apartments usually sit around VND 2.4–4 billion. Around VND 3 billion currently gives buyers a meaningful amount of choice.
Premium Hai Phong apartments have already reached VND 50–70 million/m² and above. Diamond Crown and Golden Crown can push two-bedroom prices past VND 4–5 billion, while larger three-bedroom units can reach VND 6–7 billion or more.
The clearest way to think about Hai Phong today is through three price bands: roughly VND 17–23 million/m² for regulated social housing, VND 40–55 million/m² for mainstream private apartments, and VND 55–70 million/m² or more for the newest premium towers.
OUR METHODOLOGY
We approached the question of how much an apartment in Hai Phong costs today as a market-mapping problem rather than a search for one headline average. Prices change materially depending on the housing category, project, unit size, location and whether the buyer is looking at new or resale stock.
We prioritized recent evidence from Hai Phong's municipal authorities and Department of Construction, Batdongsan.com.vn's market and buyer-interest data, first-party developer information, project-level pricing and current resale advertisements. Older figures were used mainly when they gave us a useful baseline for measuring how quickly prices had moved.
We kept regulated social housing separate from unrestricted private apartments. This is important in Hai Phong because official social-housing prices can sit below VND 20 million/m² while modern private projects are commonly around VND 40–55 million/m². Combining the two would produce a citywide number that is not especially useful to either type of buyer.
We also separated the enlarged administrative municipality from the urban apartment market. Following the 2025 combination of Hai Phong and the former Hai Duong province, statistics labelled simply “Hai Phong” can cover locations with very different housing markets. The article therefore focuses mainly on the established apartment market around Le Chan, Ngo Quyen, Hai An, Hong Bang and nearby growth areas such as Thuy Nguyen.
Current listings were used to understand the ranges buyers are actually encountering, the differences between projects and the relationship between price per square metre and total purchase price. We do not treat an advertised listing price as the same thing as a completed transaction price, since negotiation, furnishing, payment terms, developer incentives and transfer costs can change the final amount paid.
Project-level checks included Gem Park, Hoang Huy Commerce, The Minato Residence, Diamond Crown and Golden Crown. These developments were useful because together they cover a large portion of Hai Phong's modern mid-market, upper-mid and premium apartment spectrum rather than representing only one end of the market.
For social housing, we relied on published Hai Phong Department of Construction information covering projects in Thuy Nguyen, Kien An, Tan Truong, Trang Cat and other areas. We also corrected the project attribution in the underlying research: the roughly VND 17.1–18.7 million/m² figures discussed above refer to social housing around the extended Do Muoi road in Thuy Nguyen, rather than Hoang Huy New City.
We cross-checked the headline price ranges against apartment size, total budgets, changes in buyer-search behavior, the movement in Hai Phong's average apartment price since 2025 and the amount of new private and regulated housing entering the market. This helped prevent one premium tower, unusually cheap listing or regulated project from defining the answer.
Key sources used for this analysis include Hai Phong municipal market releases drawing on Batdongsan.com.vn data, Batdongsan.com.vn's Hai Phong market and individual project pages, Hoang Huy Group's project information, DOJILAND's information for Diamond Crown and Golden Crown, The Minato Residence project information, and the Hai Phong Department of Construction's social-housing project and pricing information.
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