Hanoi residential supply to expand as Hung Yen offers lower-priced alternatives

The residential real estate market in Hanoi is expected to see an expansion in supply through 2026. According to research by Savills, approximately 13,700 apartments from 22 new projects are projected to enter the market in the remainder of the year, alongside nearly 6,000 villas and townhouses.

While supply is increasing, affordability remains a significant challenge due to high price levels and a limited availability of budget-friendly options. This has led to a slowdown in liquidity for both apartments and low-rise housing. However, long-term growth is supported by the Capital City Master Plan, which promotes a multi-polar urban model through improved infrastructure, including new ring roads, bridges, and metro lines.

In the first half of 2026, Hung Yen province saw new apartment supply levels comparable to Hanoi, with transaction volumes reaching about 90% of the capital's market. Notably, apartment prices in Hung Yen were approximately 60% of those in Hanoi, offering a competitive advantage for buyers. This trend is expected to strengthen as infrastructure projects like Ring Roads 3.5 and 4, along with the Ngoc Hoi and Me So bridges, improve connectivity between the two regions.