After a strong increase in the first months of the year, the apartment market is entering a slower upward trend. According to the Real Estate Market Report for the first 9 months of 2026 implemented by the Biggee real estate data platform, apartments are still the segment with the strongest price increase. Apartment prices increased by an average of 3.2% compared to June 2026 and 8.4% compared to the beginning of the year. Among the 20 provinces and cities being monitored, only one locality recorded price decreases.
However, the apartment market began to show signs of slowing down from around May 2026. Compared to the beginning of the year, the price level still increased quite well thanks to the price increase accumulated in the first months of the year.
In Hanoi and Ho Chi Minh City, apartment prices increased by less than 3% compared to June 2026. According to Biggee's analysis, this development shows that the upward momentum has slowed down significantly in the face of common market challenges, especially high interest rates and selling prices.
Common apartment prices in Hanoi range from 83-96 million VND/m2, Ho Chi Minh City from 74-83 million VND/m2 and Da Nang from 73-85 million VND/m2. In other localities, the price is significantly lower, such as Dong Nai from 28-32 million VND/m2, Long An from 30-32 million VND/m2 and Can Tho from 30-36 million VND/m2.
Khanh Hoa and Bac Ninh are two markets that recorded positive price increases in the first months of the year. Besides real housing demand, these two markets also have their own driving forces from tourism, infrastructure and urbanization, thereby creating development space for the apartment segment.
While apartments continued to lead in price increases, the low-rise project segment increased by an average of 0.3% compared to June 2026 and 5.9% compared to the beginning of the year. Only 2 out of 16 localities monitored recorded price decreases.
Before megacities, especially in suburban areas, developed strongly, residential land prices were often considered one of the bases for assessing whether apartment prices are reasonable or not. However, the appearance of well-planned megacities with synchronous utility systems and high living quality is gradually blurring the boundary between residential land prices and apartment prices.
Many apartment projects have significantly higher prices than land in surrounding areas but still record good absorption capacity. The value of a product in a large urban area is not only in land area or location but also includes planning, amenities, services, living environment and urban ecosystem.
Biggee believes that the low-rise segment is becoming a noteworthy counterweight to apartments. If previously low-rises were often seen as products for groups of customers with high financial capacity, the development of megacities is making the comparison between the two types more necessary.
An apartment can be priced higher than adjacent land and is still accepted by the market. However, if apartment prices continue to far exceed low-rise products in the same area, especially well-planned projects, this gap will become a factor to consider.
Notably, low-rise projects are recording a more positive increase than frontage land. In the first 9 months of the year, some projects in Khanh Hoa and Da Nang recorded double-digit increases, showing that this segment is having notable developments in markets with strong urban and tourism development potential.
The administrative units in the article are shown according to the administrative units before the merger, in order to ensure consistency and avoid data dilution when comparing prices between regions.
