Hanoi is expected to have 44 million square meters of new housing in the 2021-2025 period, which equates to a per capita floor area of 29.5 square meters.

A major supply-side stimulus and price reduction effort has been undertaken in the housing market.

Rising value of Hanoi's residential segment calls for measures to reduce property prices.

Specialists expect that new legislation will help to tighten market control and thus bring prices down.