Hanoi Figures Q4 2025

Office: Hanoi office market remained stable in 2025, with Grade A outperforming amid new Grade B supply pressure.
Retail: New retail supply sustained market momentum in 2025 
Residential:. 2025 recorded a total of nearly 36,000 units, the second-highest annual launch ever recorded in Hanoi condo market and trailing only the 2019 level. Demand remained robust despite strong new suppl, resulting in a year-end total of 34,760 units sold. The outlook for 2026 in Hanoi condo market suggests continued strength with a total new condo supply forecast of approximately 33,000 units, aligning closely with the volume seen in 2025. Primary prices are expected to be balanced, driven by a mix of strong suburban supply at competitive price points in Van Giang and launches at premium pricing level within Hanoi’s core districts. However, with interest rates rising and a strong pipeline of future projects, secondary price growth is likely under pressure.
Industrial: Vietnam’s industrial real estate market experienced significant fluctuations in 2025, driven by global geopolitical dynamics and domestic reforms. While industrial land absorption slowed, ready-built facilities continued to perform well, supported by solid demand from both logistics and manufacturing companies.