Vietnam’s real estate market is transitioning from a prolonged downturn into a new cycle of activity, though growth will be selective and increasingly differentiated, according to experts. The year , marks the beginning of the 2026-2030 period, a time of abundant supply but diverging price trends, demanding greater discernment from investors.
A Selective Growth Phase
According to Bo Hong Thang, Deputy General Director of DKRA Group, the market in will enter a more distinct growth phase, but that growth will be uneven, with clearer segmentation across different market areas. The market will not experience a broad-based recovery, but rather a reshaping influenced by macroeconomic conditions, monetary policies, and a new legal framework.
The residential property sector is seeing a recovery as supply improves, with many projects resolving legal issues and preparing for market entry. Liquidity is also showing signs of improvement. However, market attention will remain focused on products that genuinely meet residential demand, are reasonably priced, and are located in areas with well-developed infrastructure.
could be a year of particularly challenging investment decisions. Projects with clear legal status, favorable locations, and direct connections to key infrastructure will enjoy significant advantages. Conversely, development projects in areas with incomplete infrastructure or slower development will likely struggle to secure liquidity.
In terms of selling prices, an upward trend is expected to continue, driven by rising raw material costs and long-term growth expectations. However, this increase will be differentiated by segment and location, rather than a widespread surge in prices.
Products that offer genuine value, such as apartments, will be a key focus of the real estate market in .
According to Ta Trung Kien, Deputy General Director of Viet An Land, the Ho Chi Minh City apartment market experienced a breakthrough in , with many apartment prices increasing by 50-60%, and even 100% over the past two years. He anticipates that surrounding areas such as Long An, Binh Duong, Ba Ria-Vung Tau, and Dong Nai will emerge as new markets for investors in .
Specifically, investment is expected to be attracted to areas with well-developed transportation networks, reduced travel distances, and improved connectivity with future metro and highway projects.
Intrinsic Drivers of the New Growth Cycle
Meanwhile, Matthew Powell, Director of Research and Consultancy at Savills Hanoi, believes Vietnam is increasingly recognized internationally as a strategic manufacturing hub within ASEAN. This is due to its cost advantages, stability, adaptability, and extensive network of trade agreements.
the industrial and residential property markets are expected to continue to lead growth in . In the industrial property sector, demand will be concentrated on industrial land in key manufacturing centers such as Bac Ninh, Hai Phong, Binh Duong, and Dong Nai. Development of completed factories, modern warehouses, and logistics hubs connected to ports, airports, and highway networks will be robust.
In the housing sector, products that meet genuine housing demand – such as affordable apartments, low-cost housing, and satellite city development projects along new infrastructure corridors – are considered sustainable growth drivers. These segments will benefit directly from urbanization and the increasing workforce in industrial centers.
However, rapid growth carries the risk of localized “hotspots,” particularly in major cities, where housing prices tend to rise faster than income growth. Managing these risks requires synergy between transparent land policies, expanding affordable housing supply, credit controls, and directing development to surrounding areas.
A Streamlined Legal Framework and Increased Market Transparency
According to Bo Hong Thang, Deputy General Director of DKRA Group, the biggest difference between the current real estate market and previous cycles is the simultaneous improvement of several key elements. Supply is gradually being unlocked, liquidity is showing signs of recovery, and market sentiment is no longer dominated by skepticism or long-term caution.
More importantly, there is a shift in capital flows. Investors are no longer easily investing based solely on short-term price increases, but prioritize products with clear legal status, guaranteed development potential, and reputable developers. With the implementation of the Land Law, Housing Law, and Real Estate Business Law, the “rules of the game” in the market have become much clearer and more transparent.
Source: https://nld.com.vn/buc-tranh-bat-dong-san-2026-diem-nhan-o-phan-khuc-nao-196260220202204751.htm
