The apartment market in the second quarter of 2026 recorded mixed developments between localities. According to the country's real estate market report for the second quarter of 2026 announced by Batdongsan. com. vn, Hanoi is one of the markets recording a clear adjustment trend when selling prices decreased widely, in the context of slower liquidity and high interest rates.
According to Batdongsan. com. vn, the average apartment selling price in Hanoi in the second quarter reached about 85 million VND/m2, down 2% compared to the first quarter.
Reduced prices were recorded in many projects. Apartment selling prices at Times City decreased by 8%, The Sapphire decreased by 8%, Sunshine City decreased by 3%, some apartment buildings in Trung Hoa - Nhan Chinh urban area decreased by 2%, Xa La urban area apartments decreased by 5%, Imperia Sky Park decreased by 8%.
Meanwhile, in the Ho Chi Minh City market (old Ho Chi Minh City area), the average apartment selling price in the second quarter reached about 69 million VND/m2, unchanged compared to the first quarter.
Calculated monthly in the first 5 months of the year, the average apartment selling price in Ho Chi Minh City ranges from 69-70 million VND/m2. Specifically, January reached about 69 million VND/m2, February about 70 million VND/m2, March about 69 million VND/m2, April about 69 million VND/m2 and May about 70 million VND/m2.
In Da Nang, the average apartment selling price in the second quarter increased by 1% compared to the previous quarter, reaching about 69 million VND/m2.
Similar to Hanoi, Hung Yen and Bac Ninh also recorded a downward trend in prices. In which, the average apartment selling price in Hung Yen decreased by 3%, to about 66 million VND/m2; Bac Ninh decreased by 3%, to about 39 million VND/m2.
In the opposite direction, many localities continued to record increased apartment prices in the second quarter. Hai Phong increased by 8%, Quang Ninh increased by 6%, Khanh Hoa increased by 2%, Binh Dinh (old) increased by 13%, Binh Duong (old) increased by 2%, Ba Ria - Vung Tau increased by 20%, Dong Nai increased by 5% and Long An increased by 6%.
According to MBS Research, real estate market liquidity has slowed down significantly, and selling prices in Q2/2026 tend to adjust. This unit estimates that transaction prices at some apartment projects decreased by about 5% compared to the previous quarter.
MBS Research believes that the high interest rate level can be maintained until the end of the second half of 2026, while synchronously deployed infrastructure can become a driving force for long-term growth.
MBS's analysts also said that the sales activities of listed real estate businesses in the second quarter were quite sluggish. Some newly opened projects apply a fixed interest rate policy of 7-8% in the first two years to support buyers and reduce the impact of capital costs, but liquidity is still not really positive.
For Nam Long, Khang Dien and Dat Xanh, sales activities were slow due to weakening demand under loan interest pressure. The business results in Q2 mainly came from previously implemented projects such as Waterpoint, Gem Sky World and Gladia, causing net profit to decrease compared to the same period.
MBS Research believes that businesses are becoming more cautious in implementing new projects. Many medium-sized businesses are shifting to developing apartment projects to serve real housing needs instead of large-scale urban areas. In the second half of 2026, some projects expected to be opened include Mizuki Park of Nam Long, The Prive of Dat Xanh and Gladia of Khang Dien.
From a market perspective, 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.
