Apartment prices adjust after a period of sharp increase
After a prolonged period of hot increase, the old apartment market in Hanoi is showing signs of cooling down as secondary buying and selling prices at many projects turn around and slightly decrease. The common decrease is about 3-5% in a short time, although the current price level is still significantly higher than the same period last year.
The Q1/2026 report of the Ministry of Construction shows that the real estate market continues to maintain a high price level in many segments. From villas, townhouses to land plots and apartments, high prices are recorded, and local fluctuations appear in some areas.
In which, the apartment segment continues to increase in price in the primary market with an average of about 128 million VND/m2. In the secondary market, the resale price is generally still high, but a downward trend has begun to appear in some projects.
Many projects in Hanoi currently maintain a noteworthy price level such as The Sapphire Vinhomes Smart City fluctuating from 85-93 million VND/m2; Vihacomplex 107 Nguyen Tuan from 98-115 million VND/m2; Thong Nhat Complex about 108-118 million VND/m2; Eco Lake View from 88-97 million VND/m2.
Some other projects such as Imperia Sola Park are offered for sale at 83-96 million VND/m2; Grand SunLake from 64-82 million VND/m2; Lumi Hanoi is about 92-100 million VND/m2.
In the high-end segment, apartment prices continue to remain very high. Vinhomes Metropolis is offered for sale from 192-258 million VND/m2; D'. Le Roi Soleil from 170-223 million VND/m2; Vinhomes Skylake from 140-178 million VND/m2; Hoang Thanh Tower from 180-212 million VND/m2; Sun Feliza Suites are commonly 160-210 million VND/m2.
Price reduction trend in the secondary market
Surveys on the secondary market show that many projects are starting to record a decrease in adjustment compared to the peak price period at the beginning of the year.
At the Mipec Rubik 360 project on Xuan Thuy street (Cau Giay ward, Hanoi), an apartment with an area of 110m2 is being offered for sale at 13.2 billion VND, equivalent to about 120 million VND/m2. The common price at the project is currently about 127.6 million VND/m2, down about 2.1% compared to the peak of 130.4 million VND/m2 in February 2026. However, compared to the same period last year, the price still increased by about 35.6%.
Similarly, at Imperia Smart City on Thang Long Avenue (Tay Mo ward, Hanoi), a 55m2 apartment is offered for sale at 4.4 billion VND, equivalent to about 80 million VND/m2. The current popular price is about 90.9 million VND/m2, down about 5.5% compared to 96.2 million VND/m2 in February 2026, but still up nearly 28% after a year.
At Florence apartment building, 30 Tran Huu Duc (Tu Liem ward, Hanoi), an 82m2 apartment is being offered for sale at a price of 9.2 billion VND, equivalent to about 112.2 million VND/m2. The common price at the project is currently about 99.2 million VND/m2, down about 2.8% compared to March 2026, but still 35% higher than the same period last year.
Meanwhile, at Masteri West Heights (Tay Mo ward, Hanoi), a 30m2 studio apartment is being offered for sale at 2.8 billion VND, equivalent to about 93.3 million VND/m2. The common price at the project is currently about 103.2 million VND/m2, down about 3.3% compared to March 2026, but still up nearly 25% after a year.
Mr. Nguyen Van Nam - a real estate broker in Hanoi said that the apartment market is currently entering a stage of stronger differentiation compared to the "hot" period before.
According to Mr. Nam, liquidity in the secondary market has slowed down significantly as apartment prices have increased too high in a short time. Many homeowners are currently accepting a reduction of several hundred million VND to find buyers, but transactions are still not as easy as before.
Buyers should consider more carefully because apartment prices have exceeded the financial capacity of many families. Meanwhile, investors are also more cautious because the profit margin is no longer as attractive as in the previous period," Mr. Nam said.
Mr. Nam added that apartments in the project have been handed over for many years, with degraded furniture or locations that no longer have many competitive advantages are under clearer price reduction pressure. Conversely, apartments with full legal status, located near major traffic axes, and synchronous amenities have almost no price reduction, even homeowners still maintain quite firm prices.
According to this broker, real housing demand still exists, but buyers' psychology is now more cautious than before. Customers spend more time comparing prices between projects, so apartments offered for sale higher than the general level are often very difficult to trade. This makes the secondary apartment market increasingly clearly differentiated.
