After a strong increase in 2025, the Hanoi housing market is showing signs of price adjustments in many segments. Data from research units shows that apartment prices have continuously decreased in the first months of 2026.
In the May market report, the online real estate information channel Batdongsan. com. vn of PropertyGuru Group said that the Hanoi real estate market is under pressure to reduce prices widely in many segments and regions.
For the apartment segment, the popular asking price in Hanoi decreased from 87 million VND/m2 in January to 85 million VND/m2 in May, equivalent to a decrease of about 2% compared to February.
In contrast to Hanoi, the markets of Ho Chi Minh City and Da Nang recorded more positive developments when selling prices both increased by about 1%, reaching 70 million VND/m2 and 69 million VND/m2 respectively in May.
Price reductions appeared in many projects that were once hot spots of the market. According to Batdongsan. com. vn, compared to February, selling prices at Vinhomes Gardenia decreased by 9%, Imperia Sky Park decreased by 8%, Times City decreased by 8%, The Sapphire - Vinhomes Smart City decreased by 8%, Xa La New Urban Area decreased by 5% and Vinhomes Ocean Park Gia Lam decreased by 4%.
Some other projects such as Sunshine City, Vinhomes D'Capitale, Vinhomes Smart City and Trung Hoa - Nhan Chinh Urban Area also recorded a decrease of 2-3%.
Not only apartments, the townhouse segment also faces downward demand pressure. The search volume for townhouses decreased by 10% compared to the previous month and nearly 50% compared to the same period last year.
Selling prices cooled down but buyers' sentiment remained cautious. Batdongsan. com vn said that the level of market interest in May decreased by 4% quarter-on-quarter and decreased by 36% compared to the same period last year.
Surveys show that a price reduction trend is appearing in many apartment projects in Hanoi after a period of hot increase.
At Goldmark City on Ho Tung Mau street (Phu Dien ward), the popular selling price is currently at 83.3 million VND/m2, about 9.2% lower than the peak of 91.7 million VND/m2 recorded in December 2025.
At My Dinh Pearl (Tu Liem ward), the popular price of the project is currently 100 million VND/m2, down about 10.4% compared to the peak price of 111.6 million VND/m2 at the end of 2025.
Similarly, at Xuan Mai Riverside (Ha Dong ward), the common selling price is 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), where the popular price is currently at 63.3 million VND/m2, down 15.1% compared to the peak of 74.6 million VND/m2 in the fourth quarter of 2025.
The downward price trend also takes place at Eco Green Nguyen Xien (Thanh Liet ward). In May 2026, the common selling price at the project was at 82.6 million VND/m2, about 6.3% lower than the peak of 88.2 million VND/m2 recorded in December 2025. Notably, the adjustment rate is increasing as in April, the decrease compared to the new peak was about 3.6%.
Ms. Nguyen Ly Ly - Market Research Manager, Cushman & Wakefield Vietnam - said that many secondary investors are under pressure of high capital costs to maintain assets, and at the same time have to compete with new projects with attractive sales policies and many incentives from investors.
According to Ms. Ly Ly, the outgoing pressure of this group of investors is increasing in the context of new supply and goods preparing for handover becoming increasingly abundant. Cushman & Wakefield forecasts that from now to 2028, Hanoi will have more than 28,000 products from about 80 projects and sub-zones to be handed over.
