An apartment complex in Phap Van, Hanoi, which has been standing for over two decades, has recently caught the attention of potential buyers as it is listed for sale at over 60 million VND per square meter. This pricing trend highlights the increasing demand for real estate in urban areas, especially in Hanoi, where property prices have been on the rise.

Despite its age, the complex remains attractive due to its location and the amenities offered. Many buyers are drawn to the convenience of living in established neighborhoods that provide easy access to essential services and transportation. The rise in property prices in Phap Van is indicative of a broader trend in the real estate market, where older properties are being valued higher as demand continues to grow.

Real estate experts suggest that the high price point may be a reflection of the overall market conditions, where limited supply and high demand are driving up prices. Investors and homebuyers are increasingly looking at older properties as viable options, particularly in sought-after locations like Phap Van.

As the real estate market evolves, it will be interesting to see how pricing trends develop in the coming months and whether this will lead to more listings of older properties at premium prices.