After a period of hot increase and continuous establishment of new price levels, the apartment market is entering a correction phase in many areas. According to data from Batdongsan. com. vn, in Hanoi, the level of interest in apartments sold in May increased by 4% compared to the previous month, showing signs of local recovery, although still lower than the same period in 2025.
Regarding the price level, in Hanoi, the average asking price for apartments in Q2/2026 is expected to reach about 85 million VND/m2, down 2% compared to the previous quarter, this can be considered a necessary adjustment after the period when apartment prices in many major cities increased sharply.
Real-world surveys show that a price reduction trend is appearing in many apartment projects in Hanoi.
At Goldmark City on Ho Tung Mau street (Phu Dien ward), a 100m2 apartment is being offered for sale at a price of about 7.9 billion VND, equivalent to 79 million VND/m2. This price is significantly lower than the common price of the project in May 2026 at 83.3 million VND/m2 and about 9.2% lower than the peak of 91.7 million VND/m2 recorded in December 2025.
At My Dinh Pearl (Tu Liem ward), a 73m2 apartment is currently offered for sale at a price of 6.8 billion VND, equivalent to about 93.15 million VND/m2. Currently, the popular price at this project is 100 million VND/m2, compared to the peak of 111.6 million VND/m2 at the end of 2025, apartment prices have decreased by about 10.4%.
Similarly, at Xuan Mai Riverside (Ha Dong ward), a 70m2 apartment is being offered for sale at 5.6 billion VND, equivalent to 80 million VND/m2. Currently, apartments here are being offered for sale at a popular price of about 81.2 million VND/m2, about 8.1% lower than the peak of 88.4 million VND/m2 recorded in March 2026.
A stronger adjustment was recorded at Lucky House Kien Hung (Kien Hung ward). Currently, the popular price at this project is 63.3 million VND/m2, down 15.1% compared to the peak of 74.6 million VND/m2 in the fourth quarter of 2025.
At the 90 Nguyen Tuan residential area (Thanh Xuan ward), apartments with an area of about 72m2 are being offered for sale for about 7 billion VND, equivalent to 98.32 million VND/m2. Compared to the peak of 105.6 million VND/m2 recorded in March 2026, the current apartment price is about 600 million VND lower. Even compared to the common price level of 104.1 million VND/m2 in May 2026, the current asking price is still about 495 million VND lower.
The downward price trend also appeared at Eco Green Nguyen Xien (Thanh Liet ward). An apartment with an area of 106m2 is currently offered for sale at about 7.9 billion VND, equivalent to 74.53 million VND/m2. This price is about 856 million VND lower than the popular price level of the project at 82.6 million VND/m2 recorded in May 2026.
Notably, the general price level at this project is also decreasing quite rapidly. In May 2026, the popular price at Eco Green Nguyen Xien was about 6.3% lower than the peak of 88.2 million VND/m2 recorded in December 2025. Previously, in April, the new decrease was about 3.6% compared to the highest price.
According to Ms. Pham Thi Mien - Deputy Director of the Vietnam Institute for Real Estate Market Research and Evaluation, the phenomenon of selling apartments at reduced prices and losing money has appeared since the beginning of 2026, but mainly concentrated in a part of investors participating in the market during the hot growth period, using large financial leverage, especially loans with principal debt grace periods.
When entering the debt repayment period, in the context of rising interest rates, increased financial pressure forces many investors to advertise for sale to restructure cash flow. Besides, many cases are caught up in the FOMO psychology, buying at a price difference during the market bustling period but failing to achieve "surfing" expectations, forcing them to sell out. While the supply offered for sale increases, buyers tend to observe and be more cautious, causing liquidity in the secondary market to slow down.
Ms. Mien predicts that in the coming time, when loans enter the stage of having to pay both principal and interest, financial pressure may increase, causing the phenomenon of cut-loss to appear more often, especially in the group of investors borrowing large capital.
