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As we reach mid-2025, Hai Phong emerges as one of Vietnam's most promising real estate investment destinations. With GRDP growth of 9.9% in 2023 and massive infrastructure investments, the city is attracting both local and foreign property buyers seeking opportunities beyond Hanoi and Ho Chi Minh City.
Hai Phong's property market offers diverse options from affordable apartments starting at $50,000 to luxury villas exceeding $500,000, with rental yields of 3-5% annually and living costs 11-20% lower than Ho Chi Minh City.
If you want to go deeper, you can check our pack of documents related to the real estate market in Vietnam, based on reliable facts and data, not opinions or rumors.
Hai Phong's property market in 2025 shows strong growth potential with diverse investment options and lower costs than major Vietnamese cities.
Foreign buyers can purchase apartments and villas on 50-year renewable leases, with prices ranging from $50,000 studios to $500,000+ luxury properties.
| Property Type | Price Range (USD) | Best Areas | Rental Yield |
|---|---|---|---|
| Studio/1BR Apartment | $50,000 - $100,000 | Duong Kinh, An Duong | 3-4% |
| 2-3BR Apartment | $100,000 - $200,000 | Le Chan, Hong Bang | 4-5% |
| Townhouse/Villa | $150,000 - $400,000 | Thuy Nguyen, Cat Hai | 3-5% |
| Luxury Properties | $400,000+ | Cat Hai, Central Districts | 3-4% |
| Commercial Properties | $200,000+ | Industrial Zones | 5-7% |
| Serviced Apartments | $80,000 - $250,000 | Central, Near Industrial Parks | 4-6% |
| Short-term Rental Properties | $100,000 - $300,000 | Cat Ba, Do Son Beach | 5-8% |
What types of properties are available to buy in Hai Phong in 2025?
Hai Phong's property market offers six main types of residential and commercial properties for buyers in 2025.
Apartments and condominiums dominate the market, ranging from studio units to spacious 4-bedroom layouts in both new developments and established complexes. These properties typically include modern amenities like swimming pools, fitness centers, and 24-hour security systems.
Townhouses and villas represent another significant segment, featuring both contemporary designs and colonial-style architecture. These properties are available in central districts and suburban areas, catering to small families up to large multi-generational households seeking more space and privacy.
Standalone landed houses provide traditional housing options, often located in established residential neighborhoods or near industrial parks where many expats work. Commercial properties including office spaces, retail shops, and warehouses are particularly abundant near industrial zones and major transport routes.
Serviced apartments have become increasingly popular, especially designed for expatriate professionals and business travelers working in Hai Phong's growing industrial sector.
Is it generally better to buy or rent in Hai Phong right now?
Buying property in Hai Phong is generally more advantageous than renting for long-term residents and investors as of June 2025.
The city's strong economic fundamentals make buying attractive, with GRDP growth of 9.9% in 2023 significantly outpacing Vietnam's national average. Property values continue rising due to infrastructure expansion, foreign direct investment influx of $3.5 billion in 2023, and the city's planned population growth to 2.8-3 million residents by 2030.
Renting remains viable for those prioritizing flexibility, requiring lower upfront capital, or uncertain about long-term residence plans. Rental costs in Hai Phong are substantially lower than Hanoi or Ho Chi Minh City, with central 1-bedroom apartments averaging $329 monthly compared to $459 in Ho Chi Minh City.
For investors, buying offers capital appreciation potential alongside rental yields of 3-5% annually, making it financially superior to renting in most scenarios. The forecasted continued growth in property values, especially in central and developing districts, strengthens the case for purchasing over renting.
It's something we develop in our Vietnam property pack.
How much did property cost in Hai Phong a few years ago, how much is it now, and what's the forecast?
Hai Phong property prices have experienced steady upward growth, with central apartment prices reaching approximately 45 million VND per square meter in 2023.
| Year | Central Apartment Price (VND/m²) | Villa/Townhouse Price (VND/m²) | Market Drivers |
|---|---|---|---|
| 2022 | ~40 million | ~44 million | Post-pandemic recovery, infrastructure planning |
| 2023 | ~45 million | ~49 million | Strong demand, limited land supply, FDI growth |
| 2024 | Continued upward trend | Continued upward trend | Infrastructure completion, industrial expansion |
| 2025 (Current) | Moderate price increases | Moderate price increases | Population growth, urbanization targets |
| 2026 Forecast | 5-8% annual growth expected | 4-7% annual growth expected | Economic momentum, tourism development |
| 2027-2030 Outlook | Sustained growth projected | Sustained growth projected | Target 2.8-3M population, 74-76% urbanization |
What are the current real estate market trends in Hai Phong?
Hai Phong's real estate market in 2025 is characterized by robust economic growth and significant infrastructure development driving property demand.
The city's exceptional GRDP growth of 9.9% in 2023 substantially outperformed Vietnam's national average, creating strong economic fundamentals for property investment. This growth trajectory continues into 2025, supported by massive infrastructure projects including new expressways, expanded port facilities, and airport upgrades that enhance connectivity and property values.
Foreign direct investment reached $3.5 billion in 2023, with major international companies like LG Electronics and Bridgestone establishing significant operations. This FDI influx creates employment opportunities and housing demand, particularly in areas near industrial parks and business districts.
Property transaction volumes increased over 50% in 2024 compared to 2023, indicating strong market activity and buyer confidence. New luxury developments like Vinhomes Royal Island generate significant pre-sales interest, demonstrating appetite for quality properties.
The city's urbanization plan targets 2.8-3 million residents by 2030 with a 74-76% urbanization rate, creating sustained demand for residential properties across all price segments.
What are the steps to buy property in Hai Phong as a local or as a foreigner?
The property purchase process in Hai Phong differs significantly between Vietnamese nationals and foreign buyers, with foreigners facing additional restrictions and requirements.
For Vietnamese locals:
- Research target markets and specific neighborhoods matching investment or living requirements
- Select desired property and negotiate purchase price with seller or developer
- Sign deposit agreement, typically requiring 10% of total purchase price
- Complete due diligence including ownership verification and legal compliance checks
- Finalize purchase with Sales and Purchase Agreement (SPA) execution
- Register ownership transfer with local authorities and obtain Red Book certificate
For foreign buyers:Foreigners can purchase apartments (maximum 30% of any building) and houses/villas (maximum 10% of any project) on 50-year renewable leasehold terms, but only in designated commercial housing projects.
The foreign purchase process includes engaging reputable agents experienced with international clients, conducting comprehensive due diligence on ownership legality and tax obligations, signing deposit and SPA with Vietnamese notarization, paying remaining purchase amount and applying for Pink Book ownership certificate, and preparing for additional costs including 10% VAT, 0.5% registration fee, 2% maintenance fee, plus various administrative charges.
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Where can I actually find good property listings or connect with reliable real estate agents in Hai Phong?
Several online platforms and local agencies provide comprehensive property listings and professional services for Hai Phong real estate buyers.
Major online property portals include DotProperty, FazWaz, Vietnam-Real.Estate, and AsiaVillas, which offer extensive listings with detailed property information, photos, and contact details for sellers or agents. These platforms allow filtering by location, property type, price range, and specific amenities.
Specialist agencies like ExpatHelpCenter specifically serve foreign clients, providing bilingual services and expertise in international property transactions. Local Hai Phong agencies offer deep market knowledge and established relationships with developers and private sellers.
Major developers including Vinhomes, Gem Park, and other established companies maintain direct sales offices where buyers can access new project information, pricing, and financing options. These developer relationships often provide access to pre-launch properties and exclusive pricing.
Always verify agent credentials, licenses, and client references before engaging services, particularly for foreign buyers who may be unfamiliar with Vietnamese real estate regulations and practices.
What kinds of properties can I expect within a budget of $50k, $100k, $200k, or more?
Property options in Hai Phong vary significantly across different budget ranges, with location and amenities being primary price determinants.
| Budget Range | Property Types Available | Typical Locations | Key Features |
|---|---|---|---|
| $50,000 | Studio/1BR apartments, small houses | Duong Kinh, An Duong, Ngo Quyen | Basic amenities, developing areas |
| $100,000 | 2BR apartments, small townhouses | Le Chan, Hong Bang, Thuy Nguyen | Modern amenities, better locations |
| $200,000 | 3BR apartments, medium villas | Central districts, Cat Hai | Premium amenities, prime locations |
| $300,000+ | Large villas, luxury apartments | Hai An, waterfront areas | High-end finishes, exclusive amenities |
| $500,000+ | Luxury villas, penthouse units | Cat Ba Island, premium central areas | Designer interiors, resort-style amenities |
Which neighborhoods in Hai Phong are the best to buy in — affordable, up-and-coming, and upscale — and what are the pros and cons of each?
Hai Phong's districts offer distinct investment opportunities across affordable, developing, and luxury market segments.
Upscale Areas: Hong Bang district represents the premium market with ongoing urban renewal projects, central location advantages, and strong property value appreciation. However, prices are significantly higher and available land is limited. Cat Hai offers scenic waterfront luxury projects but commands premium pricing and provides less urban convenience.
Up-and-Coming Areas: Vinh Niem district benefits from major infrastructure development and proximity to central areas, making it attractive for medium-term investment. The area is still developing, meaning some amenities and services remain limited compared to established districts.
Affordable Options: An Duong provides the lowest land prices with significant development potential as the city expands. However, it's less centrally located with fewer current amenities. Du Hang Kenh offers budget-friendly options with several new residential projects but remains less established than mature districts.
Balanced Choice: Le Chan serves as a middle-ground option, good for families with proximity to schools and hospitals, though it has mixed property supply quality.
It's something we develop in our Vietnam property pack.
What are the most common mistakes buyers make in Hai Phong and how can I avoid them?
Property buyers in Hai Phong frequently make five critical errors that can result in financial losses or legal complications.
Misunderstanding market values and tax implications leads many buyers to overpay or face unexpected costs. Always research comparable property prices in your target area and budget for all taxes including 10% VAT, registration fees, and ongoing maintenance costs before making offers.
Insufficient due diligence causes buyers to purchase properties with ownership disputes, legal issues, or compliance problems. Verify property ownership documents, ensure the seller has legal right to sell, and confirm the property complies with local zoning and building regulations.
Not using reputable agents particularly affects foreign buyers unfamiliar with Vietnamese regulations. Work only with established agencies that have verified credentials, positive client references, and specific experience handling international transactions.
Confusing wants with actual needs results in purchasing inappropriate properties or exceeding budgets. Clearly define your priorities including location requirements, property size, amenities, and maximum budget before beginning your search.
Rushing into purchase decisions without adequate inspection and contract review leads to buying properties with hidden defects or unfavorable terms. Take sufficient time to physically inspect properties, review all contract terms, and seek legal advice when necessary.
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's the real cost of living in Hai Phong, and how does it compare to Hanoi or Ho Chi Minh City?
Hai Phong offers significantly lower living costs compared to Vietnam's largest cities, making it attractive for both residents and property investors.
Overall living expenses in Hai Phong are 11-20% less expensive than Ho Chi Minh City across most categories including housing, food, transportation, and entertainment. This cost advantage extends to property-related expenses including utilities, maintenance, and property management services.
Housing costs show the most dramatic difference, with central 1-bedroom apartments renting for approximately $329 monthly in Hai Phong compared to $459 in Ho Chi Minh City. This 28% difference in rental costs directly impacts both residents' budgets and investors' rental yield calculations.
Daily expenses including groceries, restaurant meals, and local transportation are consistently cheaper in Hai Phong. Utilities costs including electricity, water, and internet services are also lower, reducing ongoing property ownership expenses for both residents and landlords.
The lower population density and reduced traffic congestion in Hai Phong contribute to better quality of life while maintaining significantly lower costs, making it an attractive alternative to Vietnam's most expensive cities for many residents and investors.
If I want to rent out long-term, which areas should I target, who are the typical tenants, what are they looking for, and how much rental income or yield can I expect?
Long-term rental investment in Hai Phong targets specific tenant demographics concentrated in particular areas with distinct preferences and yield expectations.
Prime rental areas include central districts like Hong Bang, Le Chan, and Ngo Quyen, which attract professional tenants working in the city center. Properties near industrial parks and export processing zones are highly sought after by expatriate workers and managers employed by international companies.
Primary tenant groups consist of expatriate professionals working for multinational companies like LG and Bridgestone, Vietnamese professionals employed in banking, technology, and government sectors, families seeking quality housing near schools and healthcare facilities, and university students attending local institutions.
Tenant requirements consistently include modern amenities like air conditioning, reliable internet, and modern appliances, 24-hour security systems and controlled building access, proximity to workplaces, schools, hospitals, and shopping centers, and convenient public transportation or parking facilities for private vehicles.
Rental yields typically range from 3-5% annually depending on location and property type. Central apartments generate monthly rents of $329 for 1-bedroom units, with larger properties and villas commanding proportionally higher rates. Properties near industrial areas often achieve higher yields due to strong expat demand and limited quality supply.
It's something we develop in our Vietnam property pack.
If I want to rent out short-term, what are the best zones for that, what do guests usually want, how much could I earn, what are the yields, and what are the local rules or restrictions around short-term rentals?
Short-term rental investment in Hai Phong focuses on tourism and business travel markets with specific location requirements and regulatory compliance needs.
Optimal zones include Cat Ba Island for domestic and international tourists seeking natural attractions and beach access, Do Son Beach area for weekend and holiday visitors from Hanoi and surrounding provinces, and central districts near business areas for corporate travelers and conference attendees.
Guest preferences consistently demand clean, modern accommodations with reliable Wi-Fi and air conditioning, convenient check-in processes including keyless entry or 24-hour reception, proximity to tourist attractions, restaurants, and transportation hubs, and well-equipped kitchenettes or nearby dining options for longer stays.
Earning potential varies significantly by location and season, with prime tourist areas commanding higher nightly rates during peak periods. Properties in Cat Ba can achieve premium rates during summer months and holiday periods, while business-oriented properties maintain more consistent year-round occupancy.
Yield expectations for short-term rentals can exceed long-term rental yields in prime tourist locations, particularly during peak seasons, but involve higher management complexity and more volatile income streams compared to traditional leasing.
Regulatory requirements mandate compliance with local housing regulations and business registration requirements, proper tax reporting and payment on rental income, and adherence to fire safety and building standards for commercial accommodation use. Property owners must register short-term rental operations with local authorities and maintain appropriate business licenses.
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.
Hai Phong's real estate market in 2025 presents compelling opportunities for both investment and residential purposes, with strong economic fundamentals and infrastructure development driving continued growth.
Whether you're seeking affordable entry-level properties or luxury investments, the city offers diverse options with lower costs than major Vietnamese cities and attractive rental yields of 3-5% annually.
Sources
- DotProperty Vietnam - Hai Phong Properties
- FazWaz - Hai Phong Property Sales
- Vietnam Real Estate - Hai Phong
- Savills Research - Vietnam Property Market
- BambooRoutes - Hai Phong Real Estate Trends
- Homelands Asia - Hai Phong Real Estate Prospects
- Numbeo - Cost of Living Comparison
- Own Property Abroad - Buying in Vietnam
- Phong Partners - Foreign Property Purchase
- ExpatHelpCenter - Real Estate Services