Number of apartments sold decreased, supply decreased
On April 8, presenting at the event of Announcing the Hanoi Housing Market Report for the first quarter of 2026, Ms. Do Thu Hang - Senior Director, Research and Consulting Department of Savills Hanoi said that the supply of new apartments in the first quarter of 2026 decreased quarterly and annually, reaching 6,108 units. The number of units sold decreased quarterly and annually. Grade B accounted for 79% of the total transaction volume.
From the end of the fourth quarter of 2025, home loan interest rates at many banks have increased, which has directly affected the number of apartments sold on the market" - Ms. Hang said.
The average primary asking price reached 100 million VND/m2, down quarterly but up yearly. New supply continues to be the main driving force of the market, accounting for 70% of the transaction volume. Although 90% of this supply is outside Ring Road 3, it is still superior to the entire market with an absorption rate of 12 percentage points higher.
In the past 5 years, secondary prices have increased faster than primary prices in all segments, reflecting the increasing demand for completed and highly usable apartments. Primary price growth is strongest in Grade B. In the secondary market, Grade C leads, showing the increasing attractiveness of reasonably priced products when buyers prioritize value factors.
Ms. Do Thu Hang said that future supply is increasingly shifting to suburban areas, where prices are maintained more suitable for buyers to live in and are supported by the continuous development of infrastructure.
In the last 9 months of 2026, Grades A and B will prevail in the new supply of about 16,700 units. Hung Yen and Bac Ninh are forecast to play an increasingly important role in absorbing Hanoi's unmet demand, which is supported by infrastructure development and expansion of development activities.
Stable apartment supply
Total supply remained stable with 66 projects providing more than 6,500 apartments. The occupancy rate exceeded 80%, of which Grade A and B apartments achieved a higher rate, while Grade C was lower. Average rent increased slightly quarterly and decreased slightly annually.
Hanoi continues to attract strong foreign investment capital, with registered FDI capital reaching 479 million USD in the first quarter of 2026. The demand is driven by experts and foreign management teams working at FDI enterprises and international organizations, while the expansion of industrial clusters continues to support long-term housing needs for foreigners.
The supply of high-quality accommodation is still limited in neighboring industrial provinces such as Ninh Binh and Hung Yen, continuing to promote the demand for leasing to shift to Hanoi, especially for Grade A projects managed by international operating units.
From 2026 onwards, a total of 17 projects are expected to be launched, providing more than 2,000 new apartments with branded operators expected to dominate the market.
