In the context of continuously increasing apartment prices, market sentiment has begun to appear concerns about the risk of adjustment. Although liquidity remains high, the increase that has lasted for many years has made many investors question whether the market is approaching the peak.
Analysts also warn of the possibility of a market slowdown, even adjusting if supply increases sharply in the coming time.
According to Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, although prices have increased sharply, liquidity in the apartment market remains high. However, Mr. Quoc Anh said that the hot increase in Hanoi apartment prices has strongly affected market sentiment. Hanoi apartment prices are increasing too quickly, leading many investors to worry about whether the apartment market is reaching its peak, he said. He assessed that risks arise when prices have increased continuously for a long time, while investor sentiment has begun to worry about the possibility of regulation.
Meanwhile, Ms. Nguyen Hoai An, Senior Director of CBRE Vietnam, Hanoi branch, said that if supply continues to increase strongly in the coming time, Hanoi apartment prices will stagnate their increase, even stagnate for a long time.
According to Ms. An, apartment prices cannot increase forever but only increase to a level suitable for people's ability to pay. She said that the recent developments in Hanoi are quite similar to what happened in Ho Chi Minh City a few years ago, when apartment prices had increased sharply and then slowed down, even decreased slightly for a long time, and only recently recovered with the heating up of the Hanoi market.
Ms. Do Thi Thu Hang, Senior Director, Research & Consulting Department, Savills Hanoi, predicts that in the fourth quarter, the market will welcome a new supply of 8,900 units, mainly Class B apartments. From 2026 onwards, the supply is expected to be more abundant. According to Ms. Hang, product lines from reputable investors, beautiful locations, and clear legal documents will still attract investors and buyers to use. Small-scale or one- to two-bedroom products are also expected to continue to attract customers.
For the Class C segment, Ms. Hang assessed that the imbalance in supply can soon improve thanks to the local government's acceleration of approval and piloting of a number of housing projects in Hanoi, in parallel with infrastructure investment to increase connectivity and mobility between areas. Some projects have completed legal procedures and are being finalized to launch to the market soon.
In addition, Hanoi is accelerating the development of social housing and workers' housing projects to solve limitations in affordability and improve people's access to housing. If these measures continue to be maintained, the market can soon overcome the shortage of affordable housing and social housing - segments that have been scarce for a long time.
