Hanoi Figures Q1 2026

Office: Office market welcomed new grade A projects.

Retail: New retail supply sustained market momentum in Q1 2026.

Residential: Since Q3 2025, Hanoi’s average condo primary price (excluding Van Giang townships) has consistently remained above the VND 100 million/sqm threshold. Including Van Giang, the market-wide apartment average reached VND 84 million/sqm, reflecting increases of nearly 8% q-o-q and 13% y-o-y, a notable increase amidst ample new supply. On the other hand, annual secondary price growth has moderated from its 26% peak in Q3 2025. This shift stems from the remaining high price levels testing affordability limits, alongside rising interest rates exerting liquidity pressure on owners ending their principal grace periods, mainly within under-construction projects, necessitating lower asking prices to stimulate transactions.

Industrial: Industrial land absorption in Tier‑1 provinces and cities surpassed 130 ha in Q1 2026, up 15%–72% from the previous three quarters, signaling a notable rebound. This improvement indicates a recovery in manufacturing expansion demand in Vietnam after disruptions from U.S. tariff policy announcements in April 2025, while ready-built facilities continued to perform positively.