Vietnam real estate market faces affordability and liquidity challenges

real estate market housing affordability social housing apartment supply property transactions

Vietnam's real estate market in Q3 2026 shows a complex landscape characterized by high prices and cautious buyers. While apartment segments continue to lead in interest and potential growth, many buyers struggle with affordability. Deputy Prime Minister Pham Gia Tuc noted that housing prices remain beyond the reach of the majority of citizens, including workers and civil servants, despite an increase in unsold inventory.

Transaction volumes have seen fluctuations, with many brokers reporting significant decreases in activity due to high interest rates and policy uncertainties. However, the social housing sector is making progress, having reached approximately 91% of its target for the 1 million unit project. In Hanoi, efforts are underway to streamline administrative procedures to accelerate the supply of social housing.

In the commercial sector, Hanoi is expected to see an influx of nearly 500,000 square meters of new office space by 2028. Meanwhile, the government continues to manage large-scale investments, with the State Treasury actively mobilizing government bonds to ensure macroeconomic stability amidst global economic shifts.

Entities

Batdongsan.com.vn · Central Steering Committee on Housing Policy and Real Estate Market · Government of Vietnam · Ho Chi Minh City · Hoàng Nguyên Dinh · Ministry of Construction · Pham Gia Túc · Savills Vietnam · Vietnam

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Hanoi is projected to add nearly 500,000 m2 of office space by 2028. vtv.vn
[○ 1 SOURCE] Nationwide, 947 social housing projects involving 910,933 units have been completed, are under construction, or approved. doanhnghieptiepthi.vn
[○ 1 SOURCE] Floating mortgage interest rates in the Ho Chi Minh City apartment market reached 12–15% per year in Q3/2026. kienthuc.net.vn
[○ 1 SOURCE] The office occupancy rate in Hanoi reached approximately 86%. vtv.vn
[○ 1 SOURCE] The average monthly income of workers in Hanoi in Q4/2025 was approximately 12.3 million VND. baoxaydung.vn
[○ 1 SOURCE] The market absorption rate in Ho Chi Minh City and surrounding areas fell to 28% in Q3/2026. kienthuc.net.vn
[○ 1 SOURCE] The average primary selling price of apartments in Hanoi in Q2/2026 was approximately 4,659 USD/m2. baoxaydung.vn
[○ 1 SOURCE] Over 72% of the apartment supply offered in Hanoi belonged to the high-end and luxury segments. baoxaydung.vn