Apartment and Development Land Plot Prices Trend Downward in Parts of Vietnam
Vietnam’s Ministry of Construction reported that apartment, villa and townhouse prices fell in some areas in the third quarter of 2026, while development land plot prices continued to decline on the secondary market. Apartment prices remained high in major cities, and the ministry plans to advance social and rental housing.
Market information released by Vietnam’s Ministry of Construction for the first 10 months of 2026 shows that apartment and development land plot prices trended downward in some areas. Apartment sale prices in the third quarter declined compared with the second quarter, although prices remained high in major cities such as Hanoi and Ho Chi Minh City.
Apartment prices are trending downward in some parts of Vietnam.（VietVance）
In the same quarter, sale prices for villas and townhouses within real estate developments also fell compared with the second quarter, while transaction activity remained subdued. Demand was concentrated mainly in projects with clear legal documentation, completed infrastructure and practical use value.
In the third quarter, development land plot prices on the secondary market generally continued to adjust downward compared with the second quarter. A Ministry of Construction official attributed this mainly to fewer transactions, persistently high financing costs and investors shifting toward properties that meet genuine housing demand, have clear legal documentation and offer relatively stable prospects for use or development.
A Ministry of Construction official said the development land plot market had entered an adjustment phase after a period of rapid price increases. Investment demand was concentrated mainly in projects with transparent legal documentation and completed infrastructure. The official said improved credit conditions and market liquidity would create conditions for a recovery in subsequent quarters.
The Ministry of Construction will continue to improve regulations on housing, real estate business and land, promote social housing, rental housing and affordable housing, and implement housing development targets for 2026–2030 under the Vietnamese government’s Resolution No. 303/NQ-CP, issued on September 30, 2026. The ministry will also address long-stalled real estate projects, update market data and step up inspections for violations.
Source: VietVance
