Condominiums hit new price peaks across Vietnam in Q1

Average prices in Hanoi reached USD 3,950 per sqm, up 30% YoY.

Avison Young Vietnam’s Q1/2026 Quarterly Report highlights a Vietnamese real estate market marked by rising prices, softening liquidity, and a gradual shift toward consolidation, even as foreign capital continues to flow into the sector.

According to the report, total disbursed foreign direct investment (FDI) in Vietnam’s real estate sector reached USD 389.5 million in Q1, accounting for 7.2% of total FDI inflows. While housing supply continued to recover, transaction volumes remained modest due to macroeconomic volatility and sharply rising lending rates. Avison Young Vietnam noted that real demand, legal transparency, and long-term investment efficiency are now key drivers shaping the market’s next phase.

David Jackson, Principal and CEO of Avison Young Vietnam, said global capital is moving from exploration to execution in Vietnam. “Capital is no longer simply testing the market. It is being allocated with clearer intent, targeting scale, quality, and long-term positioning,” he said, adding that Vietnam is increasingly viewed as a core part of regional investment strategies rather than just an emerging opportunity.

In the condominium segment, primary prices reached new highs across major cities. In post-merger Ho Chi Minh City, average primary prices climbed to around USD 3,900 per sqm, with about 15,000 newly launched units in Q1. Roughly 35% came from new projects, heavily concentrated in Binh Duong. Prices rose around 3% quarter-on-quarter, although secondary market liquidity remained weak despite improved primary absorption. Supply was dominated by high-end developments from major developers including Masterise Homes and Sunshine Homes, alongside coastal projects in Ba Ria–Vung Tau such as Blanca City by Sun Group and Maison Grand in Phu My. Key completions expected in 2026 include Sunshine Sky City (796 units), Green Tower (1,296 units), and Maison Grand (1,248 units).

In Hanoi, average primary condominium prices reached USD 3,950 per sqm, up 30% year-on-year. Around 10,000 units were launched, primarily in the upper mid-end and high-end segments by developers such as Masterise Homes, Sunshine Group, and MIK Group. Despite strong supply, both primary and secondary liquidity declined, signalling the end of the rapid growth phase and the beginning of market consolidation. Between 2026 and 2027, approximately 40,000 additional units are expected from large suburban township developments.

In Da Nang, primary prices reached USD 3,574 per sqm, up 3% from end-2025 levels, while absorption slowed. The quarter saw around 200 new units launched and more than 1,600 units eligible for sale from existing projects. Several projects, including The Sang Residence, Peninsula Danang, Sun Symphony Residence, and Masteri Rivera Danang, are expected to complete in 2026.

Overall, Avison Young Vietnam characterises Q1/2026 as a transition period in which price growth persists but liquidity cools, signalling a broader restructuring cycle across Vietnam’s residential property market.