Hanoi's apartment market has moved from shortage to absorption risk. VnEconomy reported CBRE data showing 16,600 new apartments launched in the first half of 2026, the strongest first-half supply since 2020, while secondary prices fell nearly 3% quarter on quarter.

Supply Is Back At Scale

The 16,600-unit H1 launch figure gives Hanoi buyers far more choice than during the supply-constrained period of 2024 and 2025. CBRE expects 2026 launches to approach 39,000 units, potentially exceeding the 2019 record.

Premium Stock Dominates

For a second consecutive quarter, no new apartment launch was priced below VND60 million per square metre. Units priced from VND80 million to VND100 million made up 30% of new supply, while units above VND120 million accounted for 35%.

Absorption Is Slowing

More than 5,800 apartments sold in Q2, equal to only 68% of newly launched supply and far below the 90%-plus absorption often seen in 2024-2025. Secondary prices near VND60 million per square metre slipped nearly 3%, the first notable decline since late 2022.

Outlook

Hanoi's second-half market should favor buyers with cash and patience. Developers can keep launching, but premium pricing will need stronger payment terms and location advantages as resale sellers begin to adjust.

For Vietnam, the immediate check is whether the reported movement appears in signed contracts, lender approvals, permits, title records, or completed handovers rather than only asking prices. Buyers and agents should compare the named locations above with current listings and documents before extrapolating the story nationally.

Read more at Vietnam Housing Market.