The land plot market in the first months of 2026 is recording many notable developments. In areas that were once the focus of land "fever" throughout 2025 such as Dong Anh, Hoai Duc, Quoc Oai or the border area of Hoa Lac, the price level has no longer maintained the hot upward momentum as before. In many places, price reductions have begun to appear, the market has stagnated, prolonged transaction times but it is still difficult to find buyers.
However, the current adjustment is mainly compared to the price peaks set in the period of the end of 2025 and the beginning of 2026. Looking at the past year, land plot prices in many areas have still increased very strongly, in some places increasing by several tens of percent, even more than 70% compared to the same period last year.
Surveys of areas that were once "hot" such as Dong Anh, Hoai Duc, Quoc Oai, Gia Lam or Long Bien also show that the price adjustment trend is taking place quite clearly.
In Long Bien ward, Hanoi (old Cu Khoi ward area), the common land plot price is currently about 212 million VND/m2, down about 1.4% compared to the peak of 215 million VND/m2 recorded in February 2026. However, compared to the same period last year, the price in this area still increased by about 71%.
Meanwhile, in Viet Hung ward, Hanoi (former Thuong Thanh ward area), the common land plot price is currently about 201 million VND/m2, about 2% lower than the peak price of 205 million VND/m2 in March 2026, but still about 26.4% higher than the same period last year.
Some suburban areas recorded a stronger decrease after a prolonged period of hot increase. On Dong Cham street, Yen Xuan commune, Hanoi, belonging to the old Quoc Oai area, land plot prices are currently commonly around 22 million VND/m2, down about 24.1% compared to the peak of 29 million VND/m2 in December 2025. However, the current price is still about 10% higher than a year ago.
In Tram Troi town, Hoai Duc commune, Hanoi, the common land plot price is currently about 137 million VND/m2, about 12.7% lower than the peak price of 157 million VND/m2 recorded in February 2026. Compared to the same period last year, prices in this area still increased by about 12.3%.
In Dong Anh area, land plot prices in Xuan Canh commune currently fluctuate around 123 million VND/m2, down about 4% compared to the peak of 143 million VND/m2 in September 2025 and down about 0.8% compared to the same period last year.
Similarly, in Son Dong commune (Hanoi), land plots divided into plots belonging to the 4.5ha area and An Tho area located on Ring Road 3.5 are currently commonly offered for sale at about 180 million VND/m2, down about 5.3% compared to the peak of about 190 million VND/m2 in February 2026. However, the price level in this area is still 5% higher than the same period last year.
Meanwhile, the auctioned land plots in Lai Xa area, Hoai Duc commune, near National Highway 32 currently have a common price of about 170 million VND/m2, down about 4% compared to the peak price of 177 million VND/m2 recorded in February 2026. Compared to the same period last year, the price still increased by about 15.6%.
Notably, in Phu Cat commune, Hanoi, the area near Lang - Hoa Lac High-Tech Park, land plot prices are recording a fairly strong adjustment after a period of hot increase. Some areas currently have common prices of about 29 million VND/m2, down about 19% compared to the peak of 36 million VND/m2 in June 2025. Many other locations in this locality also decreased to about 20 million VND/m2, about 20% lower than the peak of about 25 million VND/m2 recorded in April 2025.
Mr. Nguyen Van Nam - a real estate broker in Hanoi - said that the current land plot market is developing quite slowly, with cautious sentiment overwhelming. "Previously, many areas only needed to have planning or infrastructure information to increase land prices very quickly. But now, buyers are more interested in actual liquidity, legality and exploitation and use capacity. Many investors who once held land hoping for further price increases have now had to reduce prices by several hundred million VND to find customers," Mr. Nam said.
According to this broker, the recent adjustment in land plot prices reflects that market sentiment is gradually stabilizing after a long period of hot increase. However, the price level in many areas is still high compared to before, so the possibility of a widespread sharp decrease in the short term is not high.
