Hanoi to Launch 70,000 New Apartments Starting 2026
Real estate consultancy Savills forecasts that Hanoi will introduce approximately 70,000 new apartments across 91 projects beginning in 2026, primarily in suburban districts such as Đông Anh, Hoài Đức, and Hoàng Mai. This surge follows a notable increase in 2025, with an expected 25,200 new units, 70% of which will originate from large-scale urban developments, predominantly in the mid-tier segment.
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Expansion into Suburban Areas
The majority of this new supply will be concentrated in Hanoi’s peripheral districts:
- Đông Anh: Positioned to become a new urban center with significant infrastructure investments.
- Hoài Đức: Anticipated to attract developers due to its planned integration into Hanoi’s urban core.
- Hoàng Mai: Offers potential for residential projects owing to its proximity to the city center and ongoing infrastructure enhancements.
This trend indicates a strategic shift by developers to capitalize on more affordable land in suburban areas, aiming to meet the housing demands of a growing population.
Market Dynamics and Pricing Trends
Despite the anticipated influx of new apartments, property prices in Hanoi have been on an upward trajectory. In 2024, the average primary offering price reached 75 million VND per square meter, marking a 29% year-over-year increase. Notably, nearly 60% of the sold units were priced above 4 billion VND, while only 1% were below 2 billion VND.
Implications for Homebuyers and Investors
The projected increase in housing supply presents both opportunities and challenges:
- For Homebuyers: The expansion into suburban districts may offer more affordable options, though commuting considerations and infrastructure development will be crucial factors.
- For Investors: The substantial new supply could intensify competition among developers, potentially leading to more attractive pricing and promotional offers.
However, with property prices continuing to rise, aligning with the financial capabilities of the average household remains a pressing concern.
This article provides an overview of Hanoi’s upcoming real estate developments, focusing on the significant increase in housing supply starting from 2026 and its potential impact on the market.
