Hanoi's apartment market continues to record high price levels in the second quarter of 2026, in the context of supply structure strongly leaning towards high-end products. Although new supply is forecast to increase in the near future, affordability is still a major barrier for homebuyers.
Ms. Do Thi Thu Hang - Senior Director of Research and Consulting Department of Savills Hanoi - said that the new apartment supply in the second quarter reached about 5,317 units, down compared to both the previous quarter and the same period last year. In general, in the first 6 months of the year, the market recorded about 11,000 new apartments launched to the market.
Notably, more than 60% of new supply belongs to the Grade A segment, showing that the market continues to strongly lean towards the high-end product line. This supply structure directly affects the primary selling price level.
According to Savills, in Q2/2026, primary apartment prices in Hanoi averaged about 116 million VND/m2, up 16% quarter-on-quarter and 27% compared to the same period last year. The market did not record a downward trend due to new supply mainly coming from projects in the mid-high-end and high-end segments.
In terms of liquidity, more than 5,000 apartments were sold in the second quarter. Accumulated in the first 6 months of the year, the transaction volume reached about 9,800 units, equivalent to about 1/3 of the whole year 2025. In which, Grade B apartments accounted for 53% of the total transaction volume.
The price level shows the increasing shortage of low-priced products. The entire primary supply currently costs over 70 million VND/m2, of which about 60% of the supply costs over 90 million VND/m2.
According to Savills, Grade C apartments - a segment that once accounted for more than 20% of the supply in 2022 - are gradually disappearing. From 2022 to now, primary Grade C supply has decreased by an average of about 28% per year.
Ms. Hang believes that this picture can be improved in the next 2-3 years. According to forecasts, Grade C apartments can contribute about 15% of future supply thanks to the development of transport infrastructure and multi-polar, multi-functional urban areas in the suburban area of Hanoi.
In the second half of 2026, Savills forecasts that Hanoi will welcome about 13,700 more apartments from 22 new projects, bringing the total new supply for the whole year to about 24,000 units, significantly higher than in recent years. In the next three years, the Hanoi market is expected to welcome more than 200,000 new apartments, with the Grade B segment continuing to play a leading role.
However, in the short term, Savills experts believe that affordability continues to be the main barrier, making buyers more meticulous and sensitive about prices even though housing demand remains high.
One Mount's data also shows that apartment prices are still high. In Q2/2026, primary apartment prices in the central area of Hanoi reached about 121 million VND/m2, flat against the previous quarter but up 46% compared to the same period last year. Supply in this area mainly belongs to the high-end and luxury segments.
In Ho Chi Minh City, primary apartment prices in the central area maintained at 103 million VND/m2 in Q2/2026, an increase of 14% compared to the same period last year.
In the 2026-2027 period, One Mount forecasts that the supply of new apartments in Hanoi will reach about 35,000-40,000 units per year when many projects complete legal procedures and meet the conditions for opening for sale. Selling prices in the central area of Hanoi are expected to increase by about 10-13% in 2026, while Van Giang (Hung Yen) will increase by about 3-5%. In 2027, the price increase is forecast to slow down as many large projects in the South and North enter the market.
For Ho Chi Minh City, the opening supply is forecast to reach about 30,000-35,000 units per year in the period 2026-2027, mainly thanks to large-scale supply from Binh Duong. Prices in the central area of Ho Chi Minh City are expected to increase by about 3-5% in 2026 and 15-20% in 2027, while Binh Duong is forecast to maintain an increase of 15-20% per year.
