Abundant Apartment Supply in 2026
According to CBRE Vietnam, the total new apartment supply in Hanoi during the latest quarter reached over 10,300 units, marking the second quarter in five years to surpass the 10,000-unit milestone.
In the first nine months, Hanoi saw nearly 21,100 apartment launches, a 10% increase compared to the same period in 2024. Notably, the supply of high-end apartments priced above 120 million VND/m² set a new record.
CBRE Vietnam forecasts that in Q4/2025, Hanoi will welcome an additional 11,100 apartments, bringing the total annual supply to over 32,300 units, surpassing 2024 figures.
Forecast of abundant apartment supply in 2026.
Savills Vietnam shares a similar outlook, predicting around 8,900 apartments to enter the market in Q4/2025, before a “truly abundant” supply arrives in 2026.
Savills identifies three key drivers for this new supply wave: numerous commercial projects resolving legal hurdles, accelerated renovation of old apartments following new regulations allowing additional floors, and expedited social housing projects due to more attractive incentives for developers.
Despite improved supply, Hanoi’s housing prices have experienced a rapid surge, reaching unprecedented highs.
The Ministry of Construction reports that in Q3/2025, housing transaction prices in major cities like Hanoi and Ho Chi Minh City continued their upward trend.
This is attributed to limited land availability, rising input costs, slow legal processes, and high developer expectations.
In Hanoi, primary sale prices (developer-listed prices) for apartments rose significantly, averaging 95 million VND/m², with over 43% of new supply priced above 120 million VND/m². This surge in primary prices has elevated the overall market prices.
Will Prices Cool Down?
However, experts suggest this growth is nearing its limit, and a new adjustment cycle may begin in 2026, coinciding with the anticipated abundant supply.
Experts believe abundant supply is key to cooling housing prices.
CBRE experts argue that apartment prices “cannot rise indefinitely” and will stabilize once they reach buyers’ affordability limits. Ho Chi Minh City exemplifies this: after peaking during the 2017–2019 boom, prices plateaued from 2022, as the average reached 100–200 million VND/m², exceeding most buyers’ budgets.
Hanoi, according to CBRE, is following a similar trajectory. If Ho Chi Minh City’s growth cycle lasted five years, Hanoi is expected to take a comparable period before peaking.
CBRE emphasizes that significantly increasing genuine supply is the sole solution to bring prices to reasonable levels. When supply exceeds demand, the market will self-correct.
The Chairman of the Vietnam Real Estate Brokerage Association (VARS) states that to sustain market growth without risks, measures must curb housing price inflation. The most critical step is increasing the supply of affordably priced housing. Adequate supply will allow market prices to naturally adjust based on real supply-demand dynamics.
Similarly, the CEO of EZ Property asserts that large-scale social housing projects in gateway areas are crucial to cooling property prices. Upon completion, these projects could reduce Hanoi’s housing prices by 30–40% from current levels.
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