Apartment and land prices simultaneously decreased, but the market is unlikely to experience a freeze scenario.
After a period of continuous price increases, the Hanoi real estate market is showing clear signs of adjustment. In many areas, land plot prices have decreased from a few percent to more than 30% compared to the peak. Some apartment projects also recorded asking prices hundreds of millions to billions of VND lower than the highest period.
The strongest decrease was recorded in Dong Anh commune (old Uy No area), when the common land price was about 118 million VND/m2, 31.8% lower than the peak of 173 million VND/m2 in February 2026. In Yen Xuan commune, the current land price is about 26 million VND/m2, down 23.5% compared to the peak of 34 million VND/m2 at the beginning of this year.
Assessing the prospects of the real estate market, Dr. Le Xuan Nghia - former Vice Chairman of the National Financial Supervisory Committee - said that there is no market freeze, but there is also no widespread hot increase. Cash flow will be more carefully selected and focused on projects with real value, benefiting from infrastructure and meeting market demand. See more...
Many young people choose to rent high-quality houses instead of bearing debts to buy houses
Convenience, reasonable price" is what Ms. Nguyen Thu Huyen (27 years old, working in communications) felt after many years of living in an apartment for rent in Bach Mai ward (Hanoi).
With an income of 25 million VND/month, Ms. Huyen spends about 6 million VND each month to rent an apartment including 1 living room and 1 bedroom, meeting daily living needs. The remaining money is used by her to invest in herself such as participating in courses, health care, saving deposits and supporting her family.
Data from the Vietnam Institute for Real Estate Market Research and Evaluation shows that more than 60% of young people under 35 years old in large cities are choosing to rent houses because they do not have enough financial resources to own real estate. See more...
Dong Nai is ready to start construction of 1,000 rental houses
According to the plan, on June 12, the Dong Nai City Construction Investment Project Management Board will organize the groundbreaking ceremony of the Long Binh rental housing project (phase 1) in Long Binh ward.
Phase 1 of the project includes a 20-story apartment building with a scale of about 1,000 apartments, with diverse areas from 34-63m2, suitable for the needs of many different target groups.
The total investment of the project is about 1,361 billion VND from the city budget. See more...
17 land plots in Thai Nguyen will be auctioned on June 26.
According to information from the public assets page, on June 26 in Thai Nguyen, an auction of 17 residential land plots will take place in Duong Tu Minh Residential Area, formerly Du town (now Duong Tu Minh hamlet, Phu Luong commune, Thai Nguyen province).
The starting price of land plots is from 7.5 million VND/m2 to 8.25 million VND/m2. The regulated price step is 300,000 VND/m2.
Auction participants must pay a deposit equal to 30% of the starting price of the registered auctioned land plot. The purchase fee for each dossier is from 100,000 VND to 200,000 VND. The auction will be held from 8 am on June 26 at Phu Luong Commune People's Committee. See more...
