More than 75% of New Apartments in Hanoi Are Premium Properties

In the first half of 2026, around 16,600 new apartments were launched in the Hanoi market — the highest first-half figure since 2020. Most of the supply consisted of high-priced housing, so the increase in construction has not yet led to lower prices, Dân Việt reports.

Hanoi Apartment Supply Reaches Record Level

Around 16,600 new apartments were launched in Hanoi during the first half of 2026. According to a report by CBRE Vietnam, this was the highest figure for the first six months of a year since 2020. Developers introduced more than 4,000 new apartments in the second quarter. As a result, the total primary supply available for sale approached 10,000 units, according to Avison Young Vietnam. More than 75% of the supply consisted of high-end and luxury apartments, while the number of mid-range and affordable properties remained limited.

Apartment sales in new Hanoi projects slowed in the first half of 2026. In most projects, buyers purchased 35–50% of the available units. By comparison, the sales rate exceeded 80% in 2025, when the market was expanding rapidly. Avison Young noted that household incomes were failing to keep pace with rising housing costs. As a result, buyers found it more difficult to afford apartments, while developers faced slower sales of new properties.

More than 5,800 apartments were sold in the city between April and June. The absorption rate remained at the first-quarter level but was significantly below the figures recorded in previous years. CBRE said that higher mortgage rates had made buyers more cautious.

The company expects supply to continue increasing. If developers implement their plans on schedule, nearly 39,000 new apartments could enter the Hanoi market in 2026. This would exceed the previous record of more than 37,000 units, recorded in 2019.

Hanoi Housing Prices

The increase in supply has not led to lower apartment prices. For the second consecutive quarter, Hanoi saw no new projects priced below VND60 million ($2,280) per square metre. The figure excludes VAT, maintenance fees and discounts.

Around 30% of the apartments offered for sale were priced at VND80–110 million ($3,040–4,180) per square metre. Another 35% of the supply consisted of properties priced above VND120 million ($4,560). The average primary-market price reached VND95 million ($3,610) per square metre in the second quarter. It rose by 12% quarter on quarter and by 21% year on year. The main reason was that new projects consisted primarily of high-end and luxury properties.

Prices on the secondary market fell by 3% to VND60 million ($2,280) per square metre. This was the first quarterly decline in this segment since late 2022. Avison Young also recorded isolated cases of price reductions of 5–12%. The adjustments were localised and have not yet become a broader market trend.

Outlook for Hanoi’s Housing Market

Outlook for Hanoi’s Housing Market

Nguyen Van Dinh, chairman of the Vietnam Association of Realtors, said the market was facing a serious shortage of mid-range and affordable apartments. At the same time, developers’ costs for land, financing and legal procedures were increasing. Under these conditions, companies were prioritising high-end properties, which offered greater profit potential. Pham Duc Toan, CEO of EZ Real Estate, also pointed to a mismatch between supply and demand, which could negatively affect the property market.

Analysts at International Investment said that future demand would depend primarily on borrowing costs and buyer confidence. A more balanced distribution of supply between affordable and high-end housing would be necessary to stabilise the market.