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Hai Phong's property market is experiencing a remarkable surge in 2025, with central district apartment prices averaging VND 45 million per square meter and villa prices reaching VND 49 million per square meter. The market has doubled since 2019 and rebounded strongly from a temporary downturn in 2023, driven by major infrastructure projects, industrial expansion, and increased foreign direct investment.
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Hai Phong's property market shows strong momentum with 24% year-over-year price growth and VND 22+ trillion in infrastructure investments driving demand.
Central districts offer the best liquidity with 2-4 month resale times, while suburban areas provide higher rental yields of 3.2-5.0% annually.
| Property Type | Prime District Price (VND/m²) | Entry Budget | Best For |
|---|---|---|---|
| Central Apartments | 45 million | 3.6-4.2 billion | Living & Quick Resale |
| Townhouses/Villas | 49 million | 4.0-5.5 billion | Long-term Appreciation |
| Suburban Apartments | 12-15 million | 1.0-1.2 billion | Rental Income |
| Land Plots | 12-40 million | 1.2-4.0 billion | Development Potential |
| Industrial Zone Properties | 15-25 million | 1.5-2.5 billion | Worker Housing Rental |
What are the current average property prices in Hai Phong compared to last year and five years ago?
As of September 2025, Hai Phong's property market shows dramatic price appreciation across all sectors.
Central district apartments now average VND 45 million per square meter, representing a substantial 24% increase from the previous year. This marks a strong recovery from the temporary market correction that occurred in 2023.
Villa and townhouse prices in prime central areas command even higher premiums at VND 49 million per square meter. Suburban apartments remain more accessible at VND 12-15 million per square meter, while land plots vary significantly from VND 12-40 million per square meter depending on the specific district and development potential.
Looking at the five-year trajectory, the transformation is remarkable. In 2019, central apartments were priced at VND 20-25 million per square meter, meaning current prices represent an 80-120% appreciation over this period.
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How fast are property prices in Hai Phong growing in the short term, medium term, and long term?
Hai Phong's property market demonstrates accelerating growth patterns across different timeframes.
Short-term growth from 2023-2025 shows rapid recovery momentum, with apartments, townhouses, and land plots increasing 5-7% each quarter throughout 2024. This represents one of the fastest growth rates in Vietnam's secondary cities during this period.
Medium-term projections for the next 2-5 years indicate sustained annual growth averaging 20-25%, particularly strong in emerging districts benefiting from infrastructure development. This growth rate exceeds Vietnam's national average and reflects Hai Phong's unique position as a major industrial and port hub.
Long-term appreciation over the past five years shows 80-120% overall growth, driven primarily by infrastructure expansion and economic development initiatives. The city's strategic importance as Vietnam's third-largest urban center continues to attract both domestic and foreign investment.
These growth rates position Hai Phong among Vietnam's top-performing property markets, with institutional investors and development funds increasingly targeting the city for major projects.
Which districts in Hai Phong show the strongest price growth and which ones are lagging behind?
District performance varies significantly based on infrastructure development, land scarcity, and economic activity levels.
Hong Bang and Le Chan districts lead price appreciation due to their central locations, premium positioning, and limited available land for new development. Le Chan specifically supplies one-third of all new landed properties in the city, creating strong price momentum from both supply constraints and high demand.
Thuy Nguyen district emerges as a growth leader, benefiting from planned city status elevation and major infrastructure investments. An Duong district also shows accelerating appreciation as large-scale development projects come online, transforming previously undervalued areas.
Kien An district demonstrates solid growth supported by improved connectivity and family-oriented amenities, attracting middle-income buyers seeking value in established neighborhoods.
Lagging areas include certain parts of An Duong's older suburban zones and some peripheral districts where infrastructure development remains in early stages. However, these areas represent untapped potential as citywide development projects progress and connectivity improves over the next 2-3 years.
What are the differences in price trends between apartments, townhouses, and land plots?
Each property type follows distinct pricing patterns reflecting different market dynamics and buyer preferences.
| Property Type | Average Price 2025 | 1-Year Change | 5-Year Change | Market Characteristics |
|---|---|---|---|---|
| Central Apartments | VND 45m/m² | +24% | +80-120% | Strong rental demand, high liquidity |
| Townhouses & Villas | VND 49m/m² | +20% | +95% | Scarcity premium, family preference |
| Land Plots (An Duong) | VND 12-40m/m² | +15-30% | +150% | Development potential, highest volatility |
| Suburban Apartments | VND 12-15m/m² | +10-15% | +60% | Entry-level market, stable demand |
| Industrial Zone Housing | VND 15-25m/m² | +18% | +85% | Worker housing, consistent rental income |
How do rental yields look right now in different areas of Hai Phong, and how do they compare with other major Vietnamese cities?
Hai Phong's rental market offers attractive yields ranging from 3.2-5.0% annually, outperforming many larger Vietnamese cities.
The highest rental yields concentrate near industrial zones and modern apartment complexes, where demand from factory workers and expatriate employees remains consistently strong. These areas typically achieve yields closer to the 5.0% range due to stable occupancy rates and predictable rental income.
Central districts provide lower yields around 3.2-3.7% but offer superior capital appreciation potential and easier property management. This yield profile closely matches Hanoi's average of 3.7% while exceeding Ho Chi Minh City's typical 2.8-3.2% range.
Suburban areas present the most attractive risk-adjusted returns, combining yields of 4.0-4.5% with lower entry costs and growing demand from middle-income tenants seeking affordable housing options near employment centers.
Compared to other major Vietnamese cities, Hai Phong's rental market benefits from strong industrial employment, growing tourism (3.4 million visitors in 2023), and limited high-quality rental stock, creating favorable supply-demand dynamics for investors.
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What is the average time it takes to resell a property in Hai Phong depending on location and property type?
Property liquidity varies significantly by location and type, with central areas offering the fastest resale times.
Central district apartments achieve the quickest liquidity, averaging 2-4 months from listing to sale completion. This rapid turnover reflects strong buyer demand, established financing options, and clear market pricing in prime locations like Hong Bang and Le Chan.
Villas and townhouses require longer marketing periods averaging 4-7 months, with luxury properties potentially extending to 8-9 months due to the smaller buyer pool and higher transaction values. However, well-located family homes in established neighborhoods typically sell within the 4-6 month range.
Land plots and suburban apartments show moderate liquidity at 3-6 months, with faster sales in high-growth districts like Thuy Nguyen where development activity creates active buyer interest. Raw land in emerging areas may require 6-8 months but often achieves premium prices when sold.
Properties near industrial zones or with clear rental income streams typically sell 20-30% faster than comparable properties without these advantages, as investors prioritize income-generating assets in the current market environment.
What major infrastructure or development projects are underway that could impact property values in the next 3–5 years?
Hai Phong benefits from over VND 22 trillion in planned infrastructure investments that will transform the city's connectivity and economic capacity.
The Lach Huyen Port expansion represents the largest single project, positioning Hai Phong as Northern Vietnam's primary deep-water port facility. This development directly supports property values in coastal and central districts by attracting international logistics companies and their employees.
Major transportation infrastructure includes new expressways connecting Hai Phong to Hanoi, reducing travel time to under 90 minutes, plus several new bridges including the Nguyen Trai and Vu Yen bridges that will improve internal city connectivity and reduce traffic congestion.
The VSIP Hai Phong Urban and Industrial Area development creates a comprehensive mixed-use zone combining manufacturing, commercial, and residential components. This project alone is expected to generate demand for 15,000-20,000 housing units over the next five years.
Thuy Nguyen's planned elevation to city status will trigger additional infrastructure spending and administrative development, making it one of the most attractive medium-term investment targets in the region.
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How does the demand for living, renting, and reselling differ across the main districts of Hai Phong?
District-level demand patterns reflect varying economic activities, demographics, and development stages across Hai Phong.
Central districts including Hong Bang and Le Chan show balanced demand across all three categories - living, renting, and reselling - due to proximity to employment centers, established amenities, and expatriate communities. These areas attract both local families seeking premium locations and investors targeting reliable rental income.
Thuy Nguyen and An Duong districts experience growing demand driven primarily by infrastructure development and urbanization trends. Living demand increases as these areas develop better connectivity and services, while rental demand grows from workers in new industrial facilities.
Suburban districts demonstrate the strongest rental demand from mid-income workers who cannot afford central district housing but want modern amenities and reasonable commuting times. These areas offer the best rental yield potential for investors willing to accept lower appreciation rates.
Coastal districts benefit from emerging tourism demand, creating seasonal rental opportunities and long-term appreciation potential as Hai Phong develops its tourism infrastructure and beach resort facilities.
Resale demand remains strongest in established central areas where buyers feel confident about market pricing and future liquidity, while emerging districts attract speculative buyers seeking maximum appreciation potential.
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What is the minimum budget needed to enter the market for each property type in prime and non-prime areas?
Entry budgets vary dramatically between prime central locations and suburban alternatives, offering options for different investor profiles.
| Property Type | Prime District Budget (VND) | Suburban Budget (VND) | Size/Specifications |
|---|---|---|---|
| Modern Apartment | 3.6-4.2 billion | 1.0-1.2 billion | 80-90m², 2-3 bedrooms |
| Townhouse | 4.0-5.5 billion | 1.3-2.5 billion | 4×15m, 3-4 floors |
| Villa | 6.0-12 billion | 2.5-4.5 billion | 150-250m², private garden |
| Land Plot | 4.0-10 billion | 1.2-4.0 billion | 100-150m², development ready |
| Commercial Shophouse | 8.0-15 billion | 3.0-6.0 billion | Ground floor retail + residential |
Which areas are considered safe bets for long-term appreciation, and which are more speculative?
Investment risk profiles vary significantly across Hai Phong's districts, with established areas offering stability and emerging zones providing higher upside potential.
Safe bet locations include central districts Hong Bang and Le Chan, where established infrastructure, proven demand, and limited developable land create predictable appreciation patterns. These areas benefit from government administrative functions, established business districts, and consistent buyer interest across market cycles.
Thuy Nguyen represents a moderate-risk, high-reward opportunity due to confirmed city status plans and major infrastructure commitments. The district's planned urban development and transportation improvements provide clear catalysts for sustained value growth over the next 5-7 years.
Coastal districts with existing or planned tourism infrastructure offer solid long-term potential as Vietnam's domestic and international tourism continues expanding. These areas benefit from natural amenities and government tourism development policies.
More speculative areas include new suburban expansions in An Duong where infrastructure development timelines remain uncertain, and Kien An district where development upside exists but buyer demand patterns are less established than in central locations.
Industrial zone periphery properties represent moderate speculation, as their success depends heavily on continued foreign direct investment and manufacturing sector growth in the region.
How are local economic and demographic trends (population growth, jobs, income levels) influencing property demand?
Hai Phong's robust economic fundamentals create strong underlying demand for residential property across all market segments.
Population growth accelerates through both natural increase and internal migration, as the city attracts workers from rural areas seeking industrial employment and better living standards. The expanding workforce creates consistent demand for rental housing and eventual home purchases as incomes rise.
Foreign direct investment surged 42% in 2024, bringing international companies and expatriate employees who typically require higher-quality housing and are willing to pay premium rents. This demographic shift supports both luxury sales and high-end rental markets.
Gross Regional Domestic Product growth of 11% in 2024 significantly exceeds Vietnam's national average, indicating strong local economic momentum. Rising per capita incomes enable more local families to transition from rental to homeownership, expanding the buyer pool.
Industrial employment growth in manufacturing, logistics, and port operations creates steady demand for worker housing near employment centers. These jobs typically offer stable incomes that support mortgage qualification and rental payments.
Tourism expansion to 3.4 million visitors in 2023 generates additional demand for short-term rental properties and hospitality-related housing, creating new revenue streams for property investors in appropriate locations.
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If you decide to buy now, what specific area, budget range, and property type make the most sense for your goal—living, renting out, or reselling?
Optimal investment strategies depend on your primary objective and risk tolerance in the current Hai Phong market environment.
For living purposes, central districts Hong Bang or Le Chan offer the best quality of life with budgets of VND 3.6-4.5 billion for modern apartments. These locations provide proximity to international schools, healthcare facilities, shopping centers, and expatriate communities, plus reliable resale potential if you relocate.
Rental income investors should target suburban apartments in Thuy Nguyen or An Duong with budgets of VND 1.0-1.5 billion, or affordable land plots positioned for future appreciation. These areas offer rental yields of 4.0-5.0% annually with lower management complexity than central properties.
Resale-focused investors should consider townhouses or villas in Le Chan or coastal areas with entry budgets of VND 5-6 billion. Expected resale windows of 4-6 months provide good liquidity, while appreciation potential remains strong due to supply constraints and growing demand.
Mixed-strategy investors might target industrial zone periphery properties or emerging suburban areas where both rental income and appreciation potential exist, though with slightly higher management requirements and market timing considerations.
Risk-averse investors should focus on established central locations, while growth-oriented buyers can consider emerging districts with confirmed infrastructure development plans and clear appreciation catalysts.
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 property market in September 2025 presents compelling opportunities across multiple investment strategies, with central district appreciation, suburban rental yields, and infrastructure-driven growth creating diverse pathways to returns.
The convergence of major infrastructure investments, industrial expansion, and demographic growth positions Hai Phong as one of Vietnam's most dynamic secondary property markets for both living and investment purposes.
Sources
- Hai Phong Real Estate Trends
- Hai Phong Price Forecasts
- Vietnamese Property Market Analysis 2025
- Vietnam's Third Largest City Construction Prospects
- Vietnam Real Estate Market Forecast 2025-2026
- Vietnam Real Estate Hai Phong
- Global Property Guide Vietnam Price History
- Vietnam Apartment Prices Analysis