The ministry reported that apartment and residential land prices in some localities had shown a downward trend during the first 10 months of 2026, following a period of rapid increases.
Apartment prices generally fell in the third quarter compared with the previous quarter, but remained high in major urban centres.
In Hanoi, apartments at Masteri Era Landmark were priced at VND 70-80 million (USD 2,680-3,065) per square metre, while Lumiere Essence Peak commanded VND 150-190 million per square metre.
Prices at HH3 Hinode Royal Park ranged from VND 55 million to VND 70 million per square metre, compared with VND 90-105 million at Gamuda Central Park.
In HCM City, apartments at A&K Tower's second phase were priced at VND 35-38 million per square metre, while Phu Dong SkyOne units ranged from VND 32 million to VND 37 million.
In Danang, apartments at The Panoma-Sun Cosmo Residence were priced at VND 65-85 million per square metre.
Prices of villas and terraced houses within residential developments also declined in the third quarter, while transactions remained sluggish.
Demand was concentrated in projects with clear legal status, completed infrastructure and practical commercial potential.
In Hanoi, prices at The Zei ranged from VND 331 million to VND 395 million per square metre, while Louis City properties were priced at VND 250-446 million.
In HCM City, Lakeview City recorded prices of VND 175-286 million per square metre, compared with VND 326-432 million at The Global City.
Prices at Vinhomes Marina Cau Rao 2 in Haiphong ranged from VND 90 million to VND 153 million per square metre, while Euro Village in Danang recorded VND 180-260 million.
The ministry said residential land plots in development projects continued to see price adjustments in the third quarter, particularly in the secondary market.
A ministry official attributed the decline mainly to weaker liquidity, persistently high financing costs and investors shifting towards properties with genuine housing demand, clear legal status and stable commercial potential.
In Hanoi, land prices at Cienco 5 Me Linh Urban Area ranged from VND 40 million to VND 57 million per square metre, while Minh Giang Dam Va recorded VND 20-30 million and Dai Kim-Dinh Cong VND 63-150 million.
In HCM City, prices at Blue Diamond Riverside ranged from VND 38 million to VND 44 million per square metre, compared with VND 95-150 million at Van Phuc City and VND 45-59 million at Long Thuan Residential Area.
Elsewhere, land prices ranged from VND 50 million to VND 60 million per square metre at Nam Hoa Xuan in Danang, VND 54-84 million at Izumi City in Dong Nai and VND 56-60 million at Vinh Hoa New Urban Area in Khanh Hoa.
"The residential land market continued to adjust in the third quarter, moving towards a more balanced position after a period of rapid price increases," the ministry official said.
Investment demand was increasingly focused on projects with transparent legal status, completed infrastructure and genuine housing demand, potentially supporting a recovery in coming quarters as credit conditions and market liquidity improve.
The Ministry of Construction said it would continue refining regulations governing housing, real estate businesses and land to resolve legal obstacles and improve market transparency.
It will also prioritise social housing, rental accommodation and affordable homes, implementing development targets for 2026-2030 under Government Resolution No. 303/NQ-CP, issued on September 30, 2026.
The ministry will continue reviewing and addressing long-delayed property projects to help stabilise the market.
It plans to strengthen property data collection, standardisation and connectivity under Decree No. 357/2025/ND-CP, while stepping up inspections and enforcement under Decree No. 339/2026/ND-CP to improve market transparency and compliance.
