Real estate prices decline in Hanoi and Ho Chi Minh City

According to the Q2 2026 real estate market report from the Ministry of Construction, transaction prices for villas and adjacent houses in several localities have shown a downward trend compared to Q1 2026. This decline is attributed to new supply entering the market at lower price points, which has pulled down the overall market average.

In Hanoi, the primary market for land-attached real estate experienced a significant slowdown. CBRE Vietnam reported that total sales reached over 660 units, representing a 30% decrease from the previous quarter and a 74% drop compared to the same period last year. The average selling price for land-attached real estate in Hanoi during Q2 2026 was approximately 209 million VND/m², excluding VAT and maintenance fees, which is 9% lower than the previous quarter. On the secondary market, average villa and adjacent house prices reached about 195 million VND/m², a 3% decrease from the previous quarter.

Similar trends were observed in Ho Chi Minh City, Hai Phong, and Da Nang, where transaction prices in various projects adjusted downward due to slow liquidity and new supply dynamics.