VIETNAM Q1 2026 HOUSING MARKET BY THE MINISTRY OF CONSTRUCTION

26/04/2026

Reported as of 25 April 2026. Source priorities include Government Portal, Ministry of Construction and Vietnamese public sources. Supplemental market datasets are used only where official sources do not publish sufficient sub-segment detail. Vietnam’s real estate market remains active but more selective. The government is focusing on supply, affordability, rental options, data transparency and administrative reform.

  • Hanoi is a scarcity-and-wealth market with stronger price stress. The demand comes from accumulated family capital, asset rotation, high income households, and investors willing to hold through cycles.
  • Ho Chi Minh City is a regional integration market with more room for price substitution along infrastructure corridors. Buyer attention is moving along infrastructure corridors, including areas around the old city edge and the broader new metropolitan structure.
  • Foreign investors should assess rental yield, street liquidity, fire safety and construction compliance, title status and future infrastructure disruption before paying a land scarcity premium.

The Ministry is finalizing amendments to the 2023 Housing Law and the 2023 Real Estate Business Law, with submission to the National Assembly Standing Committee expected in September 2026.

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OFFICIAL Q1 2026 REAL ESTATE MARKET REPORT BY THE MINISTRY OF CONSTRUCTION

  • Newly launched commercial apartment prices in Q1 2026 averaged about ~VND 128 million/m2 (~USD 4,904/m2) in Hanoi and ~VND 112 million/m2 (~USD 4,291/m2) in Ho Chi Minh City.
  • Transaction data supports a measured view. Q1 2026 recorded about 139,855 successful real estate transactions, equal to 92.4% of Q4 2025 and 103.9% of Q1 2025. Apartments and individual houses accounted for 30,857 transactions, while land plots were more active with 108,998 transactions.
  • Total real estate inventory was around 29,860 units or lots, including 10,496 apartments, 10,474 individual houses, and 8,890 land plots.
  • Across the full residential and related real estate market, 55 projects were approved for investment policy, with total registered capital of about VND 629.291 trillion. There were 1,362 projects under implementation, representing around 654,405 units and land plots. 48 projects were completed, adding about 10,418 products. Another 106 projects were eligible to sell off-plan housing, with around 40,440 units.
  • 43 commercial housing projects were approved for investment policy, with total registered capital of about VND 604.932 trillion. 58 projects were newly licensed for construction, with 31,816 units, up 232% quarter-on-quarter and 223% year-on-year.
  • 917 commercial housing projects were under implementation, with about 500,384 units. 33 projects were completed, adding 5,838 units. 

PROJECT-LEVEL PRICE RANGES

  • In Hanoi, selected apartment projects were quoted at The Sapphire – Vinhomes Smart City ~VND 85-93 million/m2, Vihacomplex 107 Nguyen Tuan ~VND 98-115 million/m2, Thong Nhat Complex ~VND 108-118 million/m2, and Lumi Hanoi ~VND 92-100 million/m2.
  • Higher priced Hanoi projects were quoted at Vinhomes Metropolis ~VND 192-258 million/m2, D’Le Roi Soleil ~VND 170-223 million/m2, Vinhomes Skylake ~VND 140-178 million/m2, and Sun Feliza Suites ~VND 160-210 million/m2. 
  • In Ho Chi Minh City, mid-ranged apartments were quoted at Carillon Apartment ~VND 68-81 million/m2, Garden Gate ~VND 95-102 million/m2, Republic Plaza ~VND 52-59 million/m2, and Diamond Centery ~VND 85-96 million/m2.
  • Ho Chi Minh City’s luxury projects were estimated at The Marq District 1 ~VND 222-260 million/m2, Vinhomes Golden River ~VND 223-360 million/m2, Grand Marina Saigon ~VND 440-557 million/m2, and D’Edge Thao Dien ~VND 150-194 million/m2. Separate reporting also placed Metropole Thu Thiem ~VND 330-448 million/m2.
  • Outside the two largest markets, the Q1 2026 data points were lower but no longer cheap in a casual sense. Reported apartment ranges included The Minato Residence in Hai Phong at ~VND 50-62 million/m2, Sentosa Sky Park Hai Phong at ~VND 42-53 million/m2, Vista Residence Da Nang at ~VND 65-73 million/m2, FPT Plaza 3 at ~VND 52-56 million/m2, and Mia Center Point at ~VND 48-53 million/m2.

Annual land price tables from 1 January 2026. Deposits for off-plan housing is capped at 5%. The first payment must not exceed 30% of contract value including the deposit. Payments before handover are capped at 70%, or 50% if the seller is a foreign invested business organization, and collection above 95% before title issuance is restricted.

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SUPPLEMENTAL MARKET SIGNALS

  • Market-platform asking data for Q1 2026 shows a lower broad market apartment price level than the official new-launch figures: ~VND 87 million/m2 in Hanoi and ~VND 69 million/m2 in the old Ho Chi Minh City boundary, with quarterly increases of ~1.5% to 2.4%. Asking data includes a wider mix of projects, locations, ages and resale conditions.
  • The buyer-intent structure is healthier than a speculative market would suggest. One Q1 2026 market survey cited 67% of apartment buyers as buying to live, 30% for rental investment, and 4% for short-term flipping. While affordability pressure is visible, it does suggest that the apartment segment is now more use-value driven than in previous speculative cycles.
  • Land plots remain more sensitive to policy, interest rates, planning news and administrative boundary changes. Q1 2026 asking prices were reported ~VND 81 million/m2 in Hanoi, slightly below Q4 2025, and ~VND 68 million/m2 in old Ho Chi Minh City, flat against Q4 2025. Buyer interest weakened in both metropolitan cities, especially Hanoi.
  • OneHousing data shows Binh Duong providing nearly 2,200 new apartment units in Q1 2026, about 60% of new supply in its Ho Chi Minh City dataset, with an average price ~VND 56 million/m2. After the administrative merger, Binh Duong is increasingly a supply valve inside the functional Ho Chi Minh City market rather than a distant alternative.
  • Vietnam Association of Real Estate Brokers (VARS) reported ~24,000 transactions across the market in Q1 2026, with primary absorption of ~47% on primary supply and ~58% on new supply.

Vietnam’s residential market is becoming more investable and less forgiving. Arcadia Consulting Vietnam helps investors identify where legal supply, infrastructure, affordability and execution quality are beginning to align.

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WHAT THE VIETNAM GOVERNMENT IS FOCUSING TO SOLVE

The policy aim is to move the market toward clearer data, more balanced supply, lower hidden cost, less speculation and more housing that working households can realistically access.

  • In February 2026, Government Portal reporting stated that localities had been assigned a 2026 completion target of about 158,700 social housing units; 220 projects had started construction or were being implemented with nearly 215,000 units; and cumulatively 737 projects with 701,347 units were being implemented, equal to more than 70% of the target of one million units to 2030. The policy direction has also shifted toward rental and lease-purchase housing instead of only ownership.
  • The Ministry of Construction’s draft framework proposes a policy set for housing priced closer to middle income affordability. It includes land, planning, investment, credit, tax and investor-selection mechanisms; a maximum normative profit of 15% of total investment; a rule that domestic buyers may buy only one unit from the developer; and a minimum five-year resale restriction after full payment.
  • The underdiscussed Decree 357/2025 establishes a national housing and real estate market information database. The Ministry of Construction has described a system in which real estate and project data can be connected through identifiers, showing whether a project is eligible for business, how primary and secondary transactions are occurring, and where inventory is building up.

Sources and links