Vietnam Property: Median apartment and townhouse prices psf both cooled down QoQ in Q226

Research evidence excerpt

Vietnam Property: Median apartment and townhouse prices psf both cooled down QoQ in Q226

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Vietnam Property Equities

VietnamMedian apartment and townhouse prices psf

both cooled down QoQ in Q226 Real Estate

Trang Nguyen

Analyst

trang-za.nguyen@ubs.com

Apartment and townhouse prices have been declining since early Q226 +65-6495 2495

UBS Evidence Lab's Global Housing Monitor (> Access Dataset) tracks key housing Michael Lim

indicators, including prices, weeks on market, and inventory volumes across various Analyst

property types in Vietnam. Key findings from the latest report include: 1) The median michael-h.lim@ubs.com

townhouse and apartment price per sqf in Vietnam declined by 5% and 2% QoQ, +65-6495 5902

respectively, as of end-June, reaching D13mn and D6mn. On a per-unit basis, prices also Terence Lee, CFA

fell by 5% and 1% on average, respectively, with Hanoi driving the trend across both Analyst

measures, likely reflecting broad urbanization, major policy changes, and city terence.lee@ubs.com

redevelopment aligned with its 100-year vision. 2) Consistent with this, national +65-6495 3570

inventory levels decreased materially during Q2, with townhouse and apartment listings

both down 15% QoQ, indicating that supply remains constrained. The one-way

movement in both prices and supply reflects rapid shifts in the urban masterplan, while

elevated mortgage rates also indicate cautious demand among buyers. For further

details, see Figures 1-10.

Vietnam's apartment listings decelerated but Danang showed opposite trend

Overall market supply continued to slow in Q2. Available townhouse and apartment

listings declined by 15% and 13% QoQ, respectively, to 17k and 47k units at the end of

June.