Apartment and land plot prices simultaneously decrease
After a period of continuous price increases, the Hanoi real estate market is showing clear signs of adjustment. In many areas, land plot prices have decreased from a few percent to more than 30% compared to the peak. Some apartment projects also recorded asking prices hundreds of millions to billions of VND lower than the highest period.
According to surveys, land plot prices in many areas of Hanoi are adjusting compared to the peak established in 2025 and early 2026.
The strongest decrease was recorded in Dong Anh commune (old Uy No area), when the common land price was about 118 million VND/m2, 31.8% lower than the peak of 173 million VND/m2 in February 2026. In Yen Xuan commune, the current land price is about 26 million VND/m2, down 23.5% compared to the peak of 34 million VND/m2 at the beginning of this year. The old Xuan Canh area also decreased by 12.6%, down to about 125 million VND/m2.
In Hoa Lac commune, the common land price is about 32 million VND/m2, 11.1% lower than the peak in 2025. Meanwhile, Long Bien and Viet Hung areas only slightly decreased by 0.5-2.3% compared to the peak in April 2026 but are still significantly higher than the same period last year.
Not only land plots, apartment prices in many projects also recorded a trend of adjustment. At Imperia Garden (Thanh Xuan), 100m2 apartments are being offered for sale at about 9.8 billion VND, equivalent to 98 million VND/m2, about 1.6 billion VND lower than the popular price level of the project in May 2026.
At 90 Nguyen Tuan, a 72m2 apartment is offered for sale for about 7 billion VND, equivalent to 98.3 million VND/m2, about 600 million VND lower than the peak recorded in March 2026.
The downward price trend also appeared at Eco Green Nguyen Xien when a 106m2 apartment was offered for sale for about 7.9 billion VND, equivalent to 74.5 million VND/m2, which is about 856 million VND lower than the popular price level in May 2026. The popular price at this project has now decreased by 6.3% compared to the peak at the end of 2025.
At Lucky House Kien Hung (Ha Dong), 70m2 apartments are offered for sale for about 3.39 billion VND, equivalent to 48.4 million VND/m2, about 1.04 billion VND lower than the popular price level of the project. Apartment prices here have decreased by 15.1% compared to the peak of Q4/2025, although still about 46% higher than the same period last year.
Meanwhile, at Rivera Park (Thanh Xuan), 93m2 apartments are offered for sale for about 10.8 billion VND, equivalent to 114.9 million VND/m2. The current project price level is 4.6% lower than the peak in March 2026, equivalent to a decrease of about 530 million VND for equivalent apartments.
Market is unlikely to experience a freeze scenario
Assessing the prospects of the real estate market, Dr. Le Xuan Nghia - former Vice Chairman of the National Financial Supervisory Committee - said that supply is improving thanks to a series of mechanisms to remove difficulties from the Government and the National Assembly. Meanwhile, demand is still maintained at a high level. However, he does not think that the market will experience overheated price increases like the previous period.
The possibility of a widespread 20-30% price increase is unlikely, because the capital flow of the economy is not only poured into real estate but also allocated to industrial production, trade, services and infrastructure," he said.
According to Dr. Le Xuan Nghia, the diverse allocation of capital will help the real estate market develop in a healthier direction, although some segments may still record positive growth thanks to benefiting from infrastructure and actual demand.
He also said that the current rate of total social investment is about 34% of GDP, while the target for the coming years may be raised to nearly 40% of GDP to serve the goal of high growth. This means that the demand for capital mobilization for the economy will be very large.
However, turning savings resources in the people into effective investment capital is not an easy task. According to him, Vietnam needs new financial mechanisms to unlock resources located in the population, including models to mobilize gold or accumulated assets into production and business investment activities.
Overall, he believes that the real estate market in the coming years will continue to receive support from economic growth, public investment, infrastructure development and social capital flows. However, the market will no longer have mass fevers but will be clearly differentiated by region, segment and product quality.
There is no market freeze, but there is also no widespread hot increase. Cash flow will be more carefully selected and focused on projects with real value, benefiting from infrastructure and meeting market demand," Dr. Le Xuan Nghia emphasized.
