Hanoi apartment prices stay high while secondary market drops 5‑12%

Avison Young Vietnam reports that primary‑market apartment prices in Hanoi remain near historic highs, averaging USD 3,250‑4,400 per m² in the western and eastern districts and USD 5,400‑9,500 per m² in the inner city, with a modest 2 % increase from the previous quarter. Over 4,000 new units were launched in Q2 2026, bringing the total primary supply close to 10,000 apartments, more than 75 % of which are in the luxury segment.

The secondary‑market shows localized price corrections of 5‑12 %, but the overall liquidity remains low and absorption rates have fallen to roughly 35‑50 % at many projects, down from above 80 % in the boom of 2025. Rising mortgage rates and limited purchasing power are curbing demand, especially among cash‑flow‑constrained buyers.

In response, the government and developers are expanding affordable‑housing programmes. About 40 social‑housing projects have been launched nationwide, with unit prices near VND 18.4 million per m² (≈USD 800) – roughly one‑third of comparable commercial apartments. Stakeholders such as CBRE’s Nguyen Hoài An note that absorption dropped below 70 % in Q1‑Q2 2026, while buyers like Tran Thắng Lợi express relief at finally securing affordable homes.