Hanoi's 16,600 First Half Apartment Launches Put Absorption Behind Premium Supply

Vietnam's newest apartment signal is in Hanoi, where first-half launches reached a six-year high but absorption no longer matches the strongest periods of 2024 and 2025.

Hanoi Supply Jumped

CBRE-linked reporting put Hanoi first-half 2026 apartment launches at about 16,600 units, the strongest first-half supply since 2020. In the second quarter, more than 5,800 apartments were sold, equal to about 68 percent of new supply, below the absorption rates above 90 percent seen in recent boom periods.

Premium Pricing Dominates

For a second consecutive quarter, no newly launched apartments were reportedly priced below VND 60 million per square metre before VAT, maintenance fees and discounts. Units between VND 80 million and VND 100 million per square metre made up a large share, and product above VND 120 million also became significant.

HCMC Shows The Affordability Shift

Ho Chi Minh City data show core prices near USD 7,300 per square metre while demand moves outward to Binh Duong and Ba Ria-Vung Tau growth poles. Vietnam's apartment market is therefore splitting between expensive core stock and satellite liquidity.

What Buyers Should Watch

Hanoi buyers should compare launch price bands with actual absorption and post-discount terms. In HCMC, satellite projects need transport evidence before buyers accept the lower price as better value.

Outlook

Hanoi's next signal is whether premium launches keep selling without deeper incentives. Buyers should compare absorption, discounts and handover dates before accepting developer price guidance.

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