Hanoi apartment prices rise in primary market, dip in secondary market

In the second quarter of 2026, Hanoi’s primary (new‑build) apartment market remained expensive. More than 4,000 new units were launched, pushing the total primary supply to near 10,000 units. Over 75% of these units target the high‑end segment, with prices of VND 87‑117 million per square metre in western and eastern districts and VND 144‑250 million per square metre for luxury projects in the inner city. The average primary price was about VND 95 million/m², up 12% from the previous quarter and 21% year‑on‑year. High mortgage rates and a supply tilt toward premium units have limited demand, keeping absorption rates at roughly 35‑50% versus more than 80% in the previous boom year.

Conversely, the secondary (resale) market showed the first quarterly price decline since late‑2022. Average resale prices fell to around VND 60 million/m², a 3% drop from the prior quarter, with localized reductions of 5‑12% in districts such as Nam Từ Liêm, Hà Đông, Gia Lâm and Hoàng Mai. While price cuts have increased listings, buyer activity remains cautious, awaiting further adjustments before committing.

The dual trend highlights a widening gap between premium new developments and affordable housing, pressuring overall market liquidity.