HCMC – Home prices in Vietnam remained high in the first quarter of 2026 despite improved supply, while transactions fell and social housing development lagged, the Ministry of Construction reported.
At a press briefing on April 9, the ministry said overall price levels stayed elevated even as supply showed signs of recovery, reported the Vietnam News Agency. Prices are expected to stabilize as supply increases and becomes more diverse.
Data from the ministry showed real estate prices were broadly stable but remained at high levels. Some localities recorded slight increases from the previous quarter. Prices rose about 2% in Hanoi City, HCMC and Khanh Hoa Province, and more than 1% in Danang and Dong Nai.
Market activity declined. The number of newly approved projects and successful transactions both dropped from the previous quarter. Social housing development did not meet expectations.
Nationwide, 51 projects were approved for investment with total registered capital of about VND628 trillion. Commercial housing accounted for 39 projects, about half the level in the fourth quarter of 2025. There were eight tourism and resort projects and four land subdivision projects.
A total of 1,195 projects remained under development, supplying about 564,000 units and land lots, mainly in the commercial segment. In the quarter, 42 projects were completed, delivering nearly 7,900 units. Commercial housing made up more than 5,700 units, more than double the year-ago figure.
There were 74 projects eligible for off-plan sales, with more than 34,300 units. This was higher than a year earlier but lower than the previous quarter.
The program to build one million social housing units for 2021–2030 has reached 737 projects with more than 701,000 units, equivalent to about 70% of the target.
Progress in 2026 remained slow. In the first quarter, four projects were completed with 578 units. Another 33 projects, totaling nearly 28,900 units, broke ground. Sixty-six projects were approved with total capital of more than VND80 trillion.
Completed and newly launched projects accounted for about 0.18% of the 2026 target of 158,723 units.
Liquidity weakened, with about 115,650 successful transactions, down more than 23% from the previous quarter and 14% from a year earlier. Apartment and individual housing transactions reached more than 25,600, while land plot transactions totaled nearly 90,000, both declining.
