Vietnam Ministry Data Shows Hanoi And HCMC Apartment Prices Still Above Buyer Capacity

Vietnam's Q2 housing data show apartment prices staying high while liquidity weakens, widening the gap between seller expectations and buyer capacity in Hanoi and Ho Chi Minh City.

Official Data Shows High Prices

Government market information for Q2 placed average apartment prices around VND123 million per square metre in Hanoi and VND108 million per square metre in Ho Chi Minh City. Those levels remain difficult for many households even before financing costs are added.

Liquidity Has Weakened

The Ministry of Construction described falling liquidity and pressure on developer cash flow and inventories. That matters because high prices can persist in listings while actual absorption slows, leaving buyers with more room to question launch assumptions.

CBRE Confirms Hanoi Absorption Slowed

CBRE's Q2 Hanoi figures showed more than 5,800 condominiums sold, equal to about 68 percent of new supply, far below the 2024-2025 period when absorption often exceeded 90 percent. The secondary market also recorded a downward adjustment for the first time since late 2022.

Buyer Checks

Purchasers should verify legal approvals, land-use fees, handover schedule, bank guarantees, district infrastructure, secondary resale evidence and service charges. High-end suburban launches need a commute and liquidity test, not just project branding.

Outlook

Hanoi and Ho Chi Minh City should keep seeing demand for legally clear projects, but pricing will face more resistance if absorption stays near current levels. Secondary-market adjustments may become the clearest signal for fair value.

Search for Properties for Sale and Rent: Vietnam Housing Market.