Hanoi's residential property market recorded its strongest first-half apartment launch since 2020, with 16,600 new units introduced during the first six months of 2026, according to property consultancy CBRE.
The market continued to shift toward premium housing. For the second consecutive quarter, no newly launched apartments were priced below VND60 million ($2,300) per sq.m, excluding VAT, maintenance fees and discounts.
Instead, units priced between VND80 million and VND100 million per sq.m accounted for 30% of new supply, while those priced above VND120 million made up 35%.
Demand, however, showed signs of slowing. More than 5,800 apartments were sold in the second quarter, equivalent to just 68% of newly launched supply, well below the absorption rates of over 90% commonly seen during 2024–2025.
Primary apartment prices continued to rise, averaging nearly VND95 million per sq.m in the second quarter, up 12% from the previous quarter and 21% year-on-year. In contrast, average secondary-market prices slipped nearly 3% quarter-on-quarter to VND60 million per sq.m, marking the first notable decline since late 2022.
Looking ahead, CBRE expects new supply to remain strong, with total launches in 2026 projected to approach 39,000 units, surpassing the previous annual record set in 2019.
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