Hanoi Figures Q2 2026

Office: Rents soften; vacancy rises as Tay Ho Tay supply wave begins.

Retail: New retail supply sustained market momentum.

Residential: By Q2 2026, the absorption rate of Hanoi's condominium market showed signs of stalling. Total sales volume in Q2 2026 exceeded 5,800 condo units, equivalent to 68% of the total new supply launched during the period. This rate is on par with Q1 2026 but significantly lower than the 2024–2025 period, when absorption frequently exceeded 90%, occasionally even surpassing new supply. Furthermore, for the first time since late 2022, the secondary market recorded a downward price adjustment. Looking ahead to H2 2026, the primary market is expected to maintain a strong launch pipeline. However, pricing and liquidity trends in subsequent quarters will largely depend on interest rate movements and the recovery of homebuyer sentiment.
Industrial: For the industrial land segment, total land absorption in Tier-1 provinces and cities reached a remarkable 217 ha in Q2 2026, the highest level since Q1 2024, indicating a clear recovery trend. The main driver was expansion activity by major electronics and semiconductor manufacturers focusing on high-value products, particularly amid rising demand fueled by the AI wave.