After a period of prolonged hot increase in 2025 and the first months of 2026, the land plot market in many areas of Hanoi is showing a trend of adjustment. Many localities have recorded strong price increases according to planning information, infrastructure has now decreased significantly compared to the peak area, even in some places losing more than 30% of its value in just a few months.
A survey on the Batdongsan. com. vn platform shows that in many inner and suburban areas of Hanoi, land plot prices have cooled down after a period of strong increase. However, the current price level is still significantly higher than about 1 year ago.
In Long Bien ward (old Thach Ban ward area), the common land plot price is currently about 211 million VND/m2, about 2.3% lower than the peak of 216 million VND/m2 recorded in April 2026. However, this price is still about 34.4% higher than the same period last year.
Similarly, in Viet Hung ward, the common land plot price is currently about 199 million VND/m2, down about 0.5% compared to the peak of 200 million VND/m2 in April 2026 but still increasing by about 25.9% in the past year.
In suburban areas, the adjustment is more noticeable after a long period of hot increase. In Yen Xuan commune (old Thach That area), land plot prices are currently commonly around 26 million VND/m2, down about 23.5% compared to the peak of 34 million VND/m2 recorded in February 2026.
In Hoa Lac commune, the common land plot price is currently about 32 million VND/m2, about 11.1% lower than the peak price of 36 million VND/m2 recorded in May 2025. This price level has been almost stable for about a year now.
In the Dong Anh area, the adjustment trend also appears in many areas. Land plot prices in the old Xuan Canh commune area currently fluctuate around 125 million VND/m2, down about 12.6% compared to the peak of 143 million VND/m2 in September 2025 and down about 3.8% compared to the same period last year.
Notably, in the former Uy No commune area (belonging to Dong Anh commune currently), 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 a fairly strong decrease in just about 3 months. However, compared to the same period last year, land prices in this area still increased by about 18%.
In Phuc Thinh commune area (old Dong Anh town area), land plot prices are commonly around 121 million VND/m2, significantly lower than the peak of 143 million VND/m2 recorded in October 2025. However, the current price level is still about 34.4% higher than a year ago.
Commenting on market developments, Ms. Pham Thi Mien, Deputy Director of the Vietnam Real Estate Market Research and Evaluation Institute, said that the trend of psychological shift of buyers is quite clear. Through surveys, working with customers and surveying market demand, the research unit recorded that the priority search groups of buyers have changed a lot.
According to Ms. Mien, the group of customers buying with the goal of waiting for price increases is still mainly focused on land plots. Besides, there is a group looking for opportunities to exploit cash flow from apartments or real estate for rent. Next is the group serving real housing needs and the group buying to exploit for long-term rent.
In terms of real estate types, land plots are still the segment expected to increase the most in price. Followed by apartments, apartments, villas, townhouses, shophouses and office real estate.
However, the survey results in the first half of 2026 show that customer search behavior is gradually leaning towards types with actual usage needs and rental exploitation capabilities. If previously many buying and selling decisions were made quickly according to market psychology, now buyers tend to learn more carefully, filter information more before spending money.
According to Ms. Mien, land plots are still in the segment strongly associated with price increase expectations, especially when information related to planning and infrastructure development appears. "However, this is also a segment where investors need to be more cautious about legal factors, liquidity as well as the actual market demand," Ms. Mien advised.
