According to statistics from Batdongsan.com, in February, the average apartment price in Ho Chi Minh City reached approximately 70 million VND/m2, while in Hanoi it was 88 million VND/m2. However, in March, both markets simultaneously adjusted downwards by about 1 million VND/m2, to 69 million VND/m2 and 87 million VND/m2 respectively. This is the average price across the entire market, including both apartments currently for sale and resale apartments.


Investors face pressure from rising interest rates.

Responding to Tri Thuc - Znews regarding this development, Mr. Dinh Minh Tuan, Director of the Southern region of Batdongsan.com.vn, stated that this is an inevitable adjustment after a period of "hot" house price increases lasting from the beginning of 2024 until now, especially in Hanoi.


In fact, statistics from the unit show that at the beginning of 2024, the average apartment price in Hanoi was only about 44 million VND/m2, but then it increased continuously as the new supply mainly consisted of high-end apartments. Within just a few months, Hanoi's apartment prices surpassed Ho Chi Minh City's, reaching an average of 88 million VND/m2 by early 2026, almost double in two years.


While prices are rising rapidly, many earlier buyers are entering a period where preferential interest rates are ending. Previously, loan interest rates were only around 7% per year, but now many loans have switched to floating interest rates of 12-15% per year, creating significant pressure on investors using financial leverage.


"This forces a segment of investors using financial leverage to adjust selling prices, even accepting prices close to the original purchase price to reduce cash flow pressure," Mr. Tuan said.


In addition, the tendency to "sell early" to increase liquidity also contributes to the short-term decline in secondary market prices.