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Hanoi Apartment Prices Hit Record 123 Million VND per Square Meter

By Markets Desk · 2026-09-16 · 2 min read
A modern high-rise residential building with a grid of windows
Illustration: Tradingbird

Hanoi's average primary apartment price reached 123 million VND per square meter in Q2 2026. Luxury supply dominates new launches, widening the affordability gap for households.

Hanoi's average primary apartment price reached 123 million VND, or 4,731 USD, per square meter in the second quarter of 2026. This figure places the capital at the top of the national ranking. Prices in Ho Chi Minh City stood at 108 million VND per square meter. Da Nang followed with an average of 91 million VND per square meter. Data from the Ministry of Construction and the Vietnam National Real Estate Association confirms these figures. The market shows signs of moderation, yet levels remain historically high.

Developers launched over 24,100 apartments in Hanoi and Ho Chi Minh City in the first half of the year. This volume represents approximately 50% of the total nationwide supply. Luxury and Grade A properties account for nearly all new units. This composition restricts the buyer pool to high-income households. The average household cannot afford these price points. GN auto markets/housing: housing prices reports highlight the resulting social welfare challenges. The gap between intrinsic value and market price continues to widen.

High rents impact demographic trends

Rising home prices drive up rental costs. Household living expenses increase significantly. Younger demographics face the most pressure. Many individuals postpone marriage and family formation. Some adopt a double income, no kids lifestyle. Nguyen Van Dinh, Chairman of the Vietnam Association of Realtors, notes the trade-off. People work longer hours to save for homes. They miss their prime years for starting families. This behavior threatens future workforce productivity. The social welfare system will face greater strain as a result.

Policy shifts toward affordable supply

Experts identify speculation and price manipulation as key drivers. Supply-demand imbalances also contribute to the rise. A severe shortage of affordable housing persists. Land resource use remains inefficient. Developers face difficulties in accessing capital. Legal requirements for projects create additional hurdles. The state is shifting its approach to address these issues. The focus moves from commercial housing to a mixed model. Social and rental housing now receive simultaneous development priority.

Rental housing is positioned as a strategic long-term segment. It targets factory workers, laborers, and civil servants. The state aims to play an enabling role. It will use planning and credit instruments to guide the market. Housing development integrates with urban and transport planning. Transit-oriented development receives priority. Infrastructure synchronization supports these projects. Resources extend beyond the state budget. Private sector participation is encouraged through incentives. This broader mobilization aims to stabilize the market.

Based on reporting by Vietnam Economic Times, compiled by the Tradingbird desk.

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