Vietnam real estate market sees infrastructure growth and supply shifts

The Vietnamese real estate market in 2026 is characterized by significant shifts in supply, pricing, and corporate profitability. In Ho Chi Minh City, infrastructure projects like Ring Road 3 and the Ben Luc - Long Thanh expressway are driving interest in western districts, with Ring Road 3 reaching 78% completion.

In Hanoi, the market is facing a shortage of affordable housing. Reports indicate that over 72% of new apartment supply belongs to the high-end and luxury segments, causing average prices to rise. This scarcity of budget-friendly options has increased pressure on buyer affordability. Transaction liquidity in Hanoi's secondary market has also seen a decline, with buyers becoming more cautious due to urban planning concerns and high price points.

On the corporate side, several major developers are reporting increased profits driven by financial activities rather than property sales. Companies such as Phat Dat, Khang Dien, and Novaland have seen significant profit growth through investment liquidations and capital transfers, even as their core real estate revenue faced challenges.