Before the Lunar New Year, old apartments in Hanoi's city center saw a price surge, costing 60-80 million VND per square meter. But then the market changed, and many owners had to lower their prices.

Old apartments in Hanoi's city center now cost between 50-80 million VND per square meter. Apartments in good locations can cost more, up to 160 million VND per square meter.

On Thai Thinh Street, a 70 square meter apartment costs around 4.6 billion VND. In the Xa Dan area, a 73 square meter apartment costs around 58.9 million VND per square meter.

In some areas, apartment prices are around 68-74 million VND per square meter. Larger apartments in other areas cost around 53-55 million VND per square meter.

In the former Hai Ba Trung District, apartment prices vary. A small apartment on Ba Trieu Street costs around 3.5 billion VND, while apartments in the Hong Ha area cost around 70-75 million VND per square meter.

In Ba Dinh District, old apartments cost between 80-100 million VND per square meter. Apartments that are 50-70 square meters big can cost between 3-7 billion VND.

Many old apartments in Hanoi's city center were built before 2000 and are in bad condition. They often have old infrastructure, and lack elevators and parking.

Lowering prices has not helped sell more apartments.

A real estate broker said that even though many owners have lowered their prices, not many people are interested in buying. Buyers are being careful and checking everything before making a decision.

In many cases, buyers take a long time to decide because they are waiting for better prices.

The people who are buying old apartments are usually families or workers who want to live in the city center. They are willing to accept older apartments because they are closer to their workplaces.

Some investors are also looking for old apartments to rent out or sell for a profit. But there are not many of them, and they are looking for good deals.

The broker said that it is hard to sell apartments because buyers are being careful, and investors want low prices. This means that many apartments are not being sold, even with lower prices.

To sell an apartment quickly, the owner should offer a reasonable price. The buyer may offer a low price, so the owner should be willing to help with some costs.

The owner should also fix up the apartment to make it more attractive to buyers. This does not have to be a big investment, but it can help the apartment sell more easily.

The broker's name is Hong Khanh.