Following a prolonged period of rapid price appreciation, the real estate market in May 2026 recorded a price correction trend across several key segments.

The policies and major developments introduced in May 2026 indicate that regulatory efforts are currently focused on three key pillars: market transparency, infrastructure development, and support for genuine housing demand. New regulations regarding advertising, content copyright, and information management reflect efforts to enhance transparency and standardize the business environment. Meanwhile, a series of large-scale master plans, expressway projects, and metro-oriented development strategies continue to expand urban development space, laying the foundation for long-term population shifts and capital flows.

Prices of street-front properties in both Hanoi and Ho Chi Minh City recorded a downward trend during the month. In Hanoi, many shophouses and street-front properties located along major thoroughfares faced downward pricing pressure due to setbacks associated with road expansion plans under newly approved urban planning schemes. Meanwhile, in Ho Chi Minh City, property prices have remained at elevated levels for an extended period, resulting in declining liquidity, particularly for high-value assets.

The downward trend in the townhouse segment is expected to continue in the coming period, as prices have significantly exceeded their actual commercial utilization value. Many street-front properties have narrow frontages and limited functionality, while high ownership costs have reduced the attractiveness of business operations and rental yields compared to previous years.

Conversely, in provinces and cities such as Khanh Hoa, Can Tho, Da Nang, and Binh Duong, street-front land prices continued to rise. These localities possess stronger commercial potential due to rapid urbanization, population growth, and ongoing infrastructure and service development. At the same time, their price levels remain considerably lower than those of Hanoi and Ho Chi Minh City, providing room for medium- and long-term growth.

In Hanoi, apartment prices continued to decline after an extended period of consecutive increases, marking a notable correction phase in the condominium market. This development had already been forecast by Metrohouse since late last year, when the market began showing signs of slowing momentum, with weakening liquidity and price growth far outpacing improvements in actual household income.

Unlike the previous period of broad-based price increases, the market is now witnessing a much clearer divergence. While some projects continue to appreciate in value, such growth is largely localized, concentrated in developments with prime locations, limited supply, or those benefiting from new infrastructure and amenities.

The real estate market in May 2026 experienced price adjustments across several major segments, including apartments and street-front properties, following a prolonged period of rapid appreciation. This is a reasonable development given that price levels have reached elevated levels, practical utilization capacity remains limited, and many localities have entered a phase of reviewing and adjusting urban planning frameworks. From a positive perspective, this correction may facilitate capital reallocation toward properties offering stronger intrinsic value and more efficient utilization.

Although numerous mega urban developments and new planning schemes continue to receive approval, the market is no longer reacting to short-term expectations as it did previously. Instead, it has become increasingly selective, favoring assets with genuine value, sustainable income-generating potential, and long-term growth prospects.