The real estate market at the beginning of the year continues to record high price levels in many segments. The Q1/2026 report of the Ministry of Construction shows that from villas, townhouses to land plots and apartments, selling prices in general still maintained at a high level, and local fluctuations appeared in some areas.
For the low-rise segment, including villas and townhouses, transaction prices in the first quarter basically remained flat compared to the previous quarter but still remained at a high level. In Hanoi, many projects recorded prices from 170 to nearly 400 million VND/m2 such as Geleximco Le Trong Tan, Vinhomes Green Villas or Viet Hung urban area.
Notably, Vinhomes Green Bay Me Tri has a transaction price of 600 - 740 million VND/m2, belonging to the group of expensive villas and townhouses on the market today. Some other projects such as Louis City or Son Dong Center also maintain prices from 150 to more than 300 million VND/m2. This development shows that the low-rise segment still maintains a high price level, and no clear adjustment has been recorded.
In the land plot segment, the market recorded mixed developments when general liquidity was still quite low, but some areas saw a localized price increase. According to the Ministry of Construction, land plot prices developed according to projects on the secondary market in most localities are basically stable compared to the previous quarter. Only some areas recorded a slight increase, mainly in the group of good quality products with clear legal status and favorable locations. In which, Khanh Hoa increased by about 2%, while Da Nang and Dong Nai increased by over 1%.
In Hanoi, many land plot areas still maintain quite high prices such as Melorita Hoa Lac about 24.1 million VND/m2; Thanh Ha Muong Thanh about 126.6 million VND/m2; Cienco 5 Me Linh urban area about 59 million VND/m2; Minh Giang Dam Va urban area about 30 million VND/m2. This price level shows that although the land plot market has not really become vibrant again, the selling price at projects with relatively complete infrastructure and legal status is still at a high level.
Meanwhile, the apartment segment continues the upward trend in the primary market with an average price of about 128 million VND/m2. In the secondary market, the buying and selling prices generally remain at a high level, some projects slightly decreased but the downward trend has not spread widely.
Many projects in Hanoi are recording notable prices such as The Sapphire Vinhomes Smart City fluctuating from 85 - 93 million VND/m2; Vihacomplex 107 Nguyen Tuan from 98 - 115 million VND/m2; Thong Nhat Complex about 108 - 118 million VND/m2; Eco Lake View from 88 - 97 million VND/m2. Some other projects such as Imperia Sola Park are offered for sale at 83 - 96 million VND/m2; Grand SunLake from 64 - 82 million VND/m2; Lumi Hanoi from 92 - 100 million VND/m2.
In the high-end segment, apartment prices continue to be very high with Vinhomes Metropolis being offered for sale from 192 - 258 million VND/m2; D'. Le Roi Soleil from 170 - 223 million VND/m2; Vinhomes Skylake from 140 - 178 million VND/m2; Hoang Thanh Tower from 180 - 212 million VND/m2; Sun Feliza Suites commonly 160-210 million VND/m2.
Mr. Nguyen Van Hung, a real estate broker in Hanoi, said that the apartment segment for resale has seen localized price reductions recently but not widespread. The apartments that have been adjusted mainly fall into the group of investors who use large financial leverage or need to recover capital quickly, so they accept to lower prices by several hundred million VND to push goods.
Apartments in projects that have been handed over for a long time, with degraded furniture or locations that no longer have many competitive advantages are having to reduce prices to find customers. However, apartments with full legal status, close to major traffic axes, and synchronous amenities have almost no price reduction, even homeowners still keep prices quite tight," Mr. Hung said.
According to Mr. Hung, there are still real customers asking to buy houses, but the current psychology is more cautious, buyers spend more time comparing prices between projects, so products offered for sale higher than the general level are very difficult to trade. This makes the secondary market clearly differentiated.
