In Q2/2026, according to the One Mount Group Market Research and Customer Understanding Center, the primary apartment market in Hanoi and Ho Chi Minh City both recorded a clear improvement in supply compared to the first quarter of the year.
In Hanoi, the total newly opened supply reached about 9,300 units, an increase of 6% quarter-on-quarter and 23% compared to the same period last year. Meanwhile, in Ho Chi Minh City, the newly opened supply reached about 11,000 units, an increase of 51% compared to the same period last year.
Under the impact of the macroeconomic context, market demand in Q2/2026 shows signs of slowing down compared to the previous quarter.
In Hanoi, the consumption market is 7,100 apartments, down 3% quarter-on-quarter and down 8% year-on-year. Notably, projects priced above 120 million VND/m2 recorded slower liquidity with an absorption rate of only 53%, significantly lower than the same period last year (69%).
In Ho Chi Minh City, the market recorded 9,500 transactions, an increase of 16% compared to the same period last year. However, the absorption rate only reached about 50%, down 2 percentage points compared to the first quarter of 2025. In which, the absorption rate of product groups with prices above 120 million VND/m2 only reached 20%.
One Mount Group Market Research and Customer Understanding Center commented: "Faced with macroeconomic fluctuations, the real estate market is recording a clear shift in the psychology and behavior of homebuyers. Instead of heavily relying on financial leverage as in the previous period, current cash flow is tending to prioritize products with reasonable prices, good development quality and the ability to meet real housing needs will continue to be the group leading liquidity in the coming time.
May 2026 data from Batdongsan. com. vn shows that Vietnam's real estate market is entering a period of restructuring and differentiation. The trend of apartment price reductions in Hanoi is a signal reflecting that the market is self-adjusting in real value after a period of hot increase. Meanwhile, infrastructure investment being promoted and new legal policies gradually coming into life will be a long-term driving force for the market.
Regarding prices, the apartment market is differentiated by region. The average asking price for apartments in Q2/2026 in Hanoi is expected to be about 85 million VND/m2, down 2% compared to the previous quarter, while in Ho Chi Minh City it is 69 million VND/m2, unchanged compared to the previous quarter. The asking prices for apartments in Hung Yen and Bac Ninh both decreased by 3%.
Ms. Do Thu Hang - Senior Director of Research and Consulting Department of Savills Hanoi - said that regarding investment prospects, the apartment market will still attract large demand in 2026, despite facing some challenges. This stems from rapid urbanization, strong infrastructure development and increasing housing demand, not only from Hanoi residents but also from other localities that tend to move to the Capital. Thanks to that, the apartment market is forecast to still maintain its growth momentum, although there may be sideways periods or short-term adjustments.
