Vietnam landed residential segment shows uneven momentum across major cities

Supply spikes in HCMC, stagnation in Hanoi, and cooling liquidity in Da Nang.

Avison Young Vietnam’s latest residential market update highlights a sharply diverging performance across the country’s landed property segment in the first two months of 2026, with strong supply growth in Ho Chi Minh City (HCMC), stagnation in Hanoi, and slower momentum in Da Nang.

In HCMC, new landed supply surged, bringing total inventory to nearly 6,000 units. According to Avison Young Vietnam, new developments were concentrated in Can Gio, led by Vinhomes Green Paradise, alongside central projects such as SOLA in The Global City and inner-ring schemes including Essenia Parkway.

Primary prices in HCMC declined slightly quarter-on-quarter, driven by lower pricing in Can Gio compared to central districts, before rebounding toward the end of the quarter to around USD 7,800 per sqm. Despite strong supply, liquidity remained subdued, reflecting continued market filtering and cautious buyer behaviour, the report noted.

In Hanoi, no new landed supply was recorded during the period. Prices remained elevated at an average of USD 9,600 per sqm across inner-city and suburban areas along the Ring Road 3.5 corridor. In established residential locations such as Hoang Liet, Tuong Mai, and Dong Anh, prices reached up to USD 13,000 per sqm. Avison Young Vietnam expects the Hanoi landed segment to remain flat or slow through 2026–2027 amid limited new supply and high price thresholds.

Da Nang showed mixed but cooling conditions. Primary landed prices ranged from USD 5,000 to 8,500 per sqm in central and near-central areas along the Han Riverfront, while suburban zones recorded USD 2,800 to 4,000 per sqm. Prices increased 12% year-on-year in Q1 2026; however, performance varied widely depending on location and legal status, with some projects setting new benchmarks while others softened. Liquidity fell nearly 40%, although no distress selling was observed, according to Avison Young Vietnam.

Overall, the report underscores an increasingly segmented Vietnamese landed property market, with HCMC expanding supply rapidly, Hanoi entering a plateau phase, and Da Nang adjusting through slower demand and uneven pricing trends.