After a prolonged period of hot increase, the land plot market in the suburbs of Hanoi is recording clear adjustment signals, many investors are also starting to accept selling lower than market prices, even strongly cutting losses to sell off goods and restructure cash flow.
Mr. Nguyen Van Huy (42 years old, Hanoi) said he is selling a 95m2 land plot in the Tan Xa area, former Thach That district (now Hoa Lac commune) for more than 2 billion VND.
According to Mr. Huy, the land plot was bought in 2025, a time when land prices in Hoa Lac area continuously increased thanks to expectations about infrastructure and the development of Hoa Lac High-Tech Park. However, after more than a year of holding, the market stagnated and tended to adjust, the number of customers asking to buy decreased sharply, causing him to decide to lower prices to recover capital.
The price I am offering is about 700 million VND lower than when I bought it. Before, there were a few customers asking every week, but now for a whole month, not many people are interested," Mr. Huy said.
Similarly, Ms. Tran Thu Ha (Tay Ho, Hanoi) is selling a 110m2 land plot in Uy No area, former Dong Anh district (now Dong Anh commune) after nearly a year of investment.
Ms. Ha said that she bought the land plot during the market bustling period. However, about 1-3 months ago, the price level began to adjust while transactions on the market decreased significantly. "To have customers see the land, I had to reduce the price many times. If I can sell at the current level, the loss will be about 600 million VND. Although regretful, I accept selling to restructure the cash flow," Ms. Ha said.
Surveys on online real estate sales platforms show that land plot prices in many areas that once increased sharply are simultaneously adjusting.
In Tan Xa commune, former Thach That district (now Hoa Lac commune), land plot prices in May 2026 were commonly around 37 million VND/m2, down 24.5% compared to the peak of 49 million VND/m2 recorded about a year ago.
In Dong Truc, former Thach That district (now Ha Bang commune), land plot prices are commonly at 38 million VND/m2, down 24% compared to the peak of 50 million VND/m2 recorded in February 2026.
Notably, in the old Uy No commune (now Dong Anh commune), land plot prices in May 2026 were commonly at 118 million VND/m2, down 31.8% compared to the peak of 173 million VND/m2 recorded in February 2026. This is one of the strongest adjustments recorded in just a few months.
In the old Van Noi commune (now Dong Anh commune), land plot prices were commonly at 85 million VND/m2, down 13.3% compared to the peak of 98 million VND/m2 recorded in March 2026.
Meanwhile, in the old Van Canh commune (now Dong Anh commune), land plot prices were commonly at 125 million VND/m2, down 12.6% compared to the peak of 143 million VND/m2 recorded in September 2025.
Not only market prices have adjusted, but many sales ads currently also recorded significantly lower prices than the general level.
In the Binh Yen area, a land plot of 100m2 is offered for sale at 2.5 billion VND, equivalent to about 25 million VND/m2 and is advertised as "deep loss cut". Meanwhile, market data shows that the popular land price in this area is currently around 33 million VND/m2. The asking price is about 8 million VND/m2 lower, equivalent to about 800 million VND for the entire land plot. According to surveys, Binh Yen land prices have now decreased by 10.8% compared to the peak of 37 million VND/m2 recorded in March 2026.
Notably, in Nguyen Khe Urban Area (now Phuc Thinh commune), a 80m2 subdivided land plot was advertised by the owner to "cut a loss of 1.5 billion VND" with a price of about 7.2 billion VND, equivalent to 90 million VND/m2.
Meanwhile, the common land price at this project is about 132.5 million VND/m2. Thus, the current asking price is about 42.5 million VND/m2 lower, equivalent to about 32.1% lower than the common price level of the project.
