Vietnam’s apartment buyers are comparing expensive new supply with a softer resale signal. CBRE Vietnam’s Hanoi figures showed primary condo prices, excluding Van Giang townships, staying above VND 100 million per square metre since late 2025, while annual secondary-price growth moderated after a prior peak.

Primary Prices Are Testing Affordability

A price threshold above VND 100 million per square metre limits the buyer pool even in a strong employment market. Developers need location, build quality and payment terms to justify the premium.

Secondary Owners Are Under Pressure

CBRE linked softer secondary momentum to high price levels, rising interest rates and owners leaving principal grace periods on under-construction projects. That creates a negotiation point for buyers who can wait.

Hanoi And HCMC Differ

Hanoi’s first-half launch surge gives buyers more choice, while Ho Chi Minh City continues to face its own supply and affordability constraints. Investors should not treat the two city markets as interchangeable.

Outlook

Vietnam’s second-half apartment market should favour buyers who compare primary premiums with resale discounts. Projects with delivery certainty and transport access will hold up better than launches depending only on scarcity.

Local Watchpoint

For Vietnam, the immediate watchpoint is whether this local signal converts into signed transactions, approved financing, leases or completed works rather than only stronger listing language. Buyers should compare Hanoi apartments, CBRE Vietnam, primary prices with recent registered prices, rental evidence, service charges and title documents before committing capital.

Search for Properties for Sale and Rent: Vietnam Housing Market.