Total transactions estimated at more than 2,900 units, a 30% decrease compared to the fourth quarter of 2025.

Vietnam’s resort real estate segment showed signs of slowing
in the first quarter of 2026, with both supply and demand declining, according
to market analysts.

Presenting a quarterly report, Ms. Pham Thi Mien, Deputy
Director of the Vietnam Institute for Real Estate Market Research, said new
supply reached around 6,500 units, down 22% from the previous quarter. Supply
continued to come mainly from large-scale, high-end resort urban developments
built on integrated models combining living, working and leisure functions.
Low-rise and high-rise products accounted for 52% and 48% of supply,
respectively.

Market absorption also weakened, with the absorption rate
falling to 45%, down seven percentage points quarter-on-quarter. Total
transactions were estimated at more than 2,900 units, a 30% decrease compared
to the fourth quarter of 2025.

Despite the slowdown, investment demand remains, though
investors are becoming more selective. Capital is increasingly concentrated in
projects offering new development models, particularly integrated coastal urban
developments that combine residential, hospitality and commercial functions.

Support factors include the rollout of large-scale projects,
more flexible financing policies from developers, and the recovery of the
tourism sector, especially rising international arrivals. Improvements in
transport infrastructure are also enhancing regional connectivity.

However, primary market prices continued to edge up under
cost pressures. High-rise units were priced between VND39 million ($1,482) and
VND200 million ($7,604) per square metre, up 10% year-on-year, while low-rise
properties ranged from VND8 billion ($304,000) to VND170 billion ($6.46
million) per unit, up 9%.

VnEconomy-Thanh Xuân