According to newly released data from Batdongsan. com. vn, the real estate market in May 2026 continued to be supported by positive signals from the macroeconomy, along with the progress of infrastructure investment and legal clearance being accelerated in many localities.
In which, infrastructure and legal aspects are assessed as two core drivers shaping the future supply of the market. In Hanoi, many connecting traffic routes are being promoted to be implemented in parallel with the master plan of the 100-year vision of the Capital, taking the Red River as the main landscape axis. Meanwhile, Ho Chi Minh City focuses on developing the Metro system, Ring Road 3 and key expressways associated with three strategic corridors.
A noteworthy point is the process of legal clearance for real estate projects. Resolution No. 254/2025/QH15 is being strongly implemented in localities, focusing on removing obstacles related to land, determining land prices, land allocation and handling backlog projects. According to Batdongsan. com. vn, this policy group is expected to contribute to unblocking supply in the coming time.
However, the research unit also believes that the impact from infrastructure and policies is often delayed. In the short term, the market is still greatly affected by the absorption capacity of buyers as well as the high price level in many areas.
Data for the first 5 months of 2026 shows a significant change in the structure of real estate search demand nationwide. Ho Chi Minh City currently accounts for nearly 50% of the total real estate interest nationwide, an increase of 8.5 percentage points compared to the same period last year and rising to lead the country in search demand.
In the opposite direction, Hanoi only accounts for 27.6% of the total level of interest, down 5.9 percentage points compared to the same period. This development reflects the trend of cash flow and the interest of investors and buyers shifting back to the Southern market after the period of strong price increase in the Northern market.
Nationwide, real estate search volume in May decreased by about 5% compared to the previous month. However, apartments are still the leading segment in the market in terms of interest, while land plots and villas are under stronger downward pressure.
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. In Ho Chi Minh City, the level of interest in apartments sold decreased by 3% monthly and decreased by 11% annually.
Meanwhile, the rental market recorded more positive developments. Apartment rental demand increased in both Hanoi and Ho Chi Minh City, increasing by 6% and 24% respectively compared to the same period. This shows that apartments are still a type with high real use demand, especially in the context that house prices exceed the financial capacity of a part of urban residents.
Regarding price levels, the apartment market is differentiating between regions. 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. In Ho Chi Minh City, the average asking price is at 69 million VND/m2 and remains unchanged. The asking prices for apartments in Hung Yen and Bac Ninh also decreased by about 3%.
According to Batdongsan. com. vn, this can be seen as a necessary adjustment after a period of sharp increases in apartment prices in many major cities.
Conversely, some localities continue to record the upward momentum of apartment prices. Hai Phong increased by 8%, Quang Ninh increased by 6%, Binh Dinh increased by 13%, Ba Ria - Vung Tau increased by 20%, Long An increased by 6% and Dong Nai increased by 5% compared to the previous quarter. At the same time, markets such as Da Nang, Quang Ninh and Hung Yen also recorded increased interest in apartments from 9% to 13% compared to April.
