More apartments, but will prices in Hanoi really fall?
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Hanoi's real estate market is expected to see a significant influx of new supply in the coming years, with an average of around 23,000 apartments entering the market annually. Despite the surge, prices are unlikely to fall due to rising interest rates, construction costs, and land prices.
Hanoi's real estate market is expected to see a significant influx of new supply. An average of 23,000 apartments will enter the market annually from 2026 to 2030. In the first quarter, 5,300 new apartments and 164 landed houses were launched. Primary market prices averaged around VND94.4 million per square metre, up 25.3% year-on-year. Mortgage interest rates have risen, placing pressure on buyers. Construction costs have increased, forcing developers to adjust selling prices or delay projects.
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