Hanoi apartment rents among highest in Asia

March 10, 2025

A two-bedroom apartment in Hanoi costs US$715 per month on average to lease, higher than in Kuala Lumpur, Jakarta or Mumbai, a study has found.

The Vietnamese capital is the 11th most expensive in Asia, according to research firm Global Property Guide, which analyzed apartment rental markets as of this month in 15 major cities on the continent.

A tenant sentiment report by property listing platform Batdongsan indicated that average rents in the capital rose 10% last year to VND19 million per month compared
to HCMC’s VND14 million.

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Pham Duc Toan, CEO of property developer EZ Property, said the sharp rise in apartment prices has also driven up rents in Hanoi.

Toan suggested increasing the supply of social housing for both buying and lease by offering subsidies on interest rates and taxes and easing access to land, thus attracting private investment.

Source: Vnexpress