Authored by the expert who managed and guided the team behind the Vietnam Property Pack
Everything you need to know before buying real estate is included in our Vietnam Property Pack
In this guide, we cover the current housing prices in Hai Phong, Vietnam's northern port city that has become a magnet for industrial investment and residential development.
We constantly update this blog post with fresh data so you always have access to the latest market figures.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Hai Phong.
Insights
- The median home price in Hai Phong in 2026 sits around VND 4.5 billion (about $170,000), which is roughly 30% lower than Hanoi's median, making Hai Phong attractive for buyers priced out of the capital.
- Listing prices in Hai Phong typically close about 8% lower than asking, with landed properties like tube houses seeing discounts of up to 12% after negotiation.
- New construction in Hai Phong commands a premium of around 12% over older homes, driven by lower maintenance risks and bundled amenities like parking and modern management.
- The core districts of Ngo Quyen, Le Chan, and Hai An have average prices per square meter between VND 45 million and VND 70 million, while outer areas like Vinh Bao can drop below VND 20 million per square meter.
- Hai Phong housing prices have risen about 10% in nominal terms over the past year, but after adjusting for Vietnam's 4% inflation, real growth is closer to 6%.
- Over the past decade, Hai Phong property values have increased roughly 160% in nominal terms and about 95% in real terms, largely due to infrastructure upgrades and industrial expansion.
- Townhouses and shophouses make up about 35% of Hai Phong's residential listings, followed by apartments at 30%, reflecting local preferences for landed property with commercial potential.
- For $100,000 in Hai Phong, buyers can find a small 1 to 2 bedroom apartment in outer districts like Kien An, while $500,000 opens access to high-spec townhouses in prime areas like Hong Bang.
- Buyer closing costs in Hai Phong typically add 6% to 12% on top of the purchase price, including a 0.5% registration fee, notary charges, and potential renovation expenses.
- Do Son and Cat Hai districts command the highest prices per square meter in Hai Phong, reaching up to VND 90 to 95 million per square meter for premium villas with sea views.
What is the average housing price in Hai Phong in 2026?
The median housing price is more useful than the average because it is not skewed by a few very expensive properties, giving you a better sense of what a typical home actually costs in Hai Phong.
We are writing this as of the first half of 2026, using the latest data collected from authoritative sources like Savills and Batdongsan, which we manually double-checked for accuracy.
The median home price in Hai Phong in 2026 is approximately VND 4.5 billion, which converts to about $170,000 or €154,000. The average home price is slightly higher at VND 4.8 billion, or around $181,000 (€164,000), because some luxury villas and premium townhouses push the figure up.
About 80% of residential properties in Hai Phong in 2026 fall within a price range of VND 2.2 billion to VND 8.5 billion, which is roughly $83,000 to $321,000 or €76,000 to €292,000.
A realistic entry range in Hai Phong in 2026 is VND 1.8 billion to VND 2.5 billion (about $68,000 to $94,000 or €62,000 to €86,000), which can get you an older 1 to 2 bedroom apartment of around 50 square meters in districts like Kien An or outer An Duong.
A typical luxury property in Hai Phong in 2026 ranges from VND 15 billion to VND 30 billion (about $566,000 to $1.1 million or €515,000 to €1 million), which includes large villas of 250 to 350 square meters in master-planned projects in Le Chan, Hong Bang, or resort areas like Do Son and Cat Hai.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Hai Phong.
Are Hai Phong property listing prices close to the actual sale price in 2026?
Listing prices in Hai Phong in 2026 are typically about 8% higher than what buyers actually pay at closing.
This gap exists because many sellers list with a negotiation buffer built in, especially for landed properties like tube houses and townhouses where each home is unique and pricing is less standardized. The discount tends to be smaller for apartments (around 5% to 7%) and larger for landed homes (around 8% to 12%), since landed deals involve more back-and-forth over title verification, financing, and timelines.
Get fresh and reliable information about the market in Hai Phong
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
What is the price per sq m or per sq ft for properties in Hai Phong in 2026?
As of early 2026, the average price per square meter for apartments in Hai Phong is around VND 45 million (about $1,700 or €1,544), while landed properties like villas and townhouses average about VND 49 million per square meter ($1,849 or €1,681). Converted to square feet, that works out to roughly VND 4.2 million per square foot for apartments ($158 or €143) and VND 4.6 million per square foot for landed homes ($172 or €156).
New apartments in core districts like Ngo Quyen, Le Chan, and Hai An, as well as branded townhouses in master-planned projects, have the highest price per square meter because of their proximity to jobs, services, and better perceived quality, while older stock in peripheral areas like Vinh Bao and outer An Duong has the lowest price per square meter due to longer commutes and thinner resale demand.
The highest prices per square meter in Hai Phong in 2026 are found in Ngo Quyen, Le Chan, Hai An, and the leisure districts of Do Son and Cat Hai, where prices range from VND 45 million to VND 95 million per square meter. The lowest prices are in outer districts like Kien An, Duong Kinh, Tien Lang, and Vinh Bao, where prices can drop to VND 16 million to VND 35 million per square meter.
How have property prices evolved in Hai Phong?
Compared to one year ago (January 2025), Hai Phong housing prices have risen by about 10% in nominal terms and around 6% after adjusting for Vietnam's roughly 4% inflation. This growth has been driven by continued industrial and logistics expansion in Hai Phong's port zone, which keeps demand for housing strong among workers and professionals relocating to the city.
Compared to ten years ago (January 2016), Hai Phong property values have increased roughly 160% in nominal terms and about 95% in real terms after stripping out cumulative inflation. This decade of growth reflects massive infrastructure upgrades like new roads and bridges, plus the deepening of Hai Phong's role as a key industrial hub in Vietnam's northern economic corridor.
By the way, we've written a blog article detailing the latest updates on property price variations in Hai Phong.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Hai Phong.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How do prices vary by housing type in Hai Phong in 2026?
In Hai Phong in 2026, townhouses and shophouses make up about 35% of residential listings, traditional tube houses account for 20%, apartments represent 30%, villas are 8%, self-build land plots are 5%, and small multi-family buildings are about 2%, reflecting local preferences for landed property with commercial or rental potential.
Average prices vary significantly by property type in Hai Phong as of the first half of 2026. Apartments average around VND 3.15 billion ($119,000 or €108,000), townhouses and shophouses average VND 6.2 billion ($234,000 or €213,000), traditional tube houses average VND 4.8 billion ($181,000 or €165,000), villas average VND 18 billion ($679,000 or €618,000), self-build residential plots average VND 3 billion ($113,000 or €103,000) for the land only, and small multi-family buildings average VND 9.5 billion ($359,000 or €326,000).
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Hai Phong?
- How much should you pay for a house in Hai Phong?
- How much should you pay for an apartment in Hai Phong?
- How much should you pay for lands in Hai Phong?
- How much should you pay for a studio in Hai Phong?
How do property prices compare between existing and new homes in Hai Phong in 2026?
New construction in Hai Phong in 2026 commands a premium of about 12% over comparable older homes in the same location and of similar size.
This premium exists because newer homes reduce the risk of unexpected maintenance costs and often come with bundled amenities like secured parking, professional building management, and modern finishes that buyers are willing to pay extra for.
Buying real estate in Hai Phong can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Hai Phong in 2026?
In Hai An district, you will find newer apartments and modern townhouses popular with professionals who need easy access to the airport and industrial zones. Prices here range from VND 3.5 billion to VND 11 billion ($132,000 to $415,000), reflecting the district's role as a convenient commuter hub with strong rental demand from expats and factory managers.
Ngo Quyen is Hai Phong's central district with a mix of riverside tube houses and urban apartments close to services, schools, and administrative offices. Prices range from VND 3.2 billion to VND 10 billion ($121,000 to $377,000), with higher values in streets closest to the city center and lower values for older properties further from main roads.
Do Son is Hai Phong's coastal leisure district where you find premium villas and resort-style properties with sea views. Prices here range from VND 6 billion to VND 30 billion ($226,000 to $1.1 million), the highest in the city, because buyers pay a premium for beachfront access and the lifestyle appeal of a second home or retirement property.
You will find a much more detailed analysis by areas in our property pack about Hai Phong. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Label | Avg Price Range | Avg per sqm | Avg per sqft |
|---|---|---|---|---|
| Ngo Quyen | Central / services | VND 3.2-10 bn ($121k-$377k) | VND 45-70m ($1,700-$2,640) | VND 4.2-6.5m ($158-$245) |
| Le Chan | Family / popular | VND 3-9 bn ($113k-$340k) | VND 40-65m ($1,510-$2,450) | VND 3.7-6m ($140-$228) |
| Hai An | Commute / airport | VND 3.5-11 bn ($132k-$415k) | VND 42-70m ($1,585-$2,640) | VND 3.9-6.5m ($147-$245) |
| Hong Bang | Planned urban | VND 4-12 bn ($151k-$453k) | VND 45-75m ($1,700-$2,830) | VND 4.2-7m ($158-$263) |
| Duong Kinh | Value / growth | VND 2-6 bn ($75k-$226k) | VND 25-40m ($943-$1,510) | VND 2.3-3.7m ($88-$140) |
| Kien An | Budget / local | VND 1.8-5 bn ($68k-$189k) | VND 22-35m ($830-$1,320) | VND 2-3.3m ($77-$123) |
| An Duong | Value / new areas | VND 2-6.5 bn ($75k-$245k) | VND 24-38m ($906-$1,434) | VND 2.2-3.5m ($84-$133) |
| Thuy Nguyen | Growth / new city | VND 2.5-8 bn ($94k-$302k) | VND 28-50m ($1,057-$1,887) | VND 2.6-4.6m ($98-$175) |
| Do Son | Leisure / premium | VND 6-30 bn ($226k-$1.1m) | VND 45-90m ($1,700-$3,400) | VND 4.2-8.4m ($158-$315) |
| Cat Hai | Leisure / high-end | VND 5-35 bn ($189k-$1.3m) | VND 40-95m ($1,510-$3,585) | VND 3.7-8.8m ($140-$334) |
| Tien Lang | Affordable / outer | VND 1.5-4.5 bn ($57k-$170k) | VND 18-30m ($679-$1,132) | VND 1.7-2.8m ($63-$105) |
| Vinh Bao | Affordable / outer | VND 1.3-4 bn ($49k-$151k) | VND 16-28m ($604-$1,057) | VND 1.5-2.6m ($56-$98) |
How much more do you pay for properties in Hai Phong when you include renovation work, taxes, and fees?
When buying property in Hai Phong in 2026, you should plan for an additional 6% to 12% on top of the agreed purchase price to cover registration fees, notary charges, brokerage commissions, and any renovation work.
If you buy a property around $200,000 (about VND 5.3 billion) in Hai Phong, you can expect to pay roughly VND 50 million to VND 90 million ($1,900 to $3,400) in fees and taxes, plus VND 250 million to VND 500 million ($9,400 to $18,900) if you do a moderate renovation. That brings your total to approximately VND 5.6 billion to VND 5.9 billion ($211,000 to $222,000).
For a property around $500,000 (about VND 13.25 billion), fees and taxes would be roughly VND 100 million to VND 180 million ($3,800 to $6,800), and a moderate renovation could add VND 400 million to VND 800 million ($15,100 to $30,200). Your all-in cost would be approximately VND 13.75 billion to VND 14.2 billion ($519,000 to $536,000).
For a property around $1,000,000 (about VND 26.5 billion), fees and taxes might reach VND 200 million to VND 350 million ($7,500 to $13,200), and significant renovation or upgrade work could add VND 800 million to VND 2 billion ($30,200 to $75,500). Your total cost would be approximately VND 27.5 billion to VND 28.85 billion ($1.04 million to $1.09 million).
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Hai Phong
| Expense | Category | Estimated Cost Range |
|---|---|---|
| Registration fee | Taxes | VND 15m-135m ($570-$5,100). This is typically 0.5% of the property value as set by Vietnamese government decree. For a VND 3 billion home, expect about VND 15 million; for a VND 27 billion villa, about VND 135 million. |
| Notary and authentication | Fees | VND 5m-60m ($190-$2,260). Notary fees scale with the contract value according to Ministry of Finance regulations. Smaller transactions pay less, but expect higher fees for properties above VND 10 billion. |
| Brokerage commission | Fees | 0%-2% of purchase price, negotiable ($0-$20,000 on a $1m property). Some sellers pay the full commission, but in other cases the buyer shares the cost. This is market-negotiated and varies by deal. |
| Light renovation | Renovation | VND 80m-200m ($3,000-$7,500). This covers basic work like repainting, replacing air conditioning units, and updating fixtures. Typically needed for older apartments or tube houses in good structural condition. |
| Moderate renovation | Renovation | VND 250m-800m ($9,400-$30,200). This includes kitchen and bathroom upgrades, new flooring, electrical updates, and cosmetic improvements. Common for existing townhouses or apartments needing modernization. |
| Heavy renovation | Renovation | VND 1bn-3bn ($37,700-$113,200). This covers structural changes, full interior redesign, landscaping for villas, or converting older properties. Typically reserved for high-value villas or properties in poor condition. |
We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Hai Phong in 2026 with different budgets?
With $100,000 (about VND 2.65 billion) in Hai Phong as of the first half of 2026, you can buy an existing 1 to 2 bedroom apartment of around 50 square meters in Kien An, an existing 2 bedroom apartment of about 55 square meters in outer An Duong, or a small tube house with 35 to 40 square meters of land in Duong Kinh in basic condition.
With $200,000 (about VND 5.3 billion), you can buy a newer 2 bedroom apartment of around 70 square meters in Le Chan, an existing tube house with 55 to 65 square meters of land in Hai An on a non-prime street, or a small townhouse with 80 to 90 square meters of land in the growth area of Thuy Nguyen.
With $300,000 (about VND 7.95 billion), you can buy a newer 3 bedroom apartment of around 95 square meters in Ngo Quyen, a planned townhouse with 100 to 120 square meters of land in Hong Bang, or a larger existing tube house with 70 to 85 square meters of land in Le Chan.
With $500,000 (about VND 13.25 billion), you can buy a high-spec townhouse or shophouse with 120 to 150 square meters of land in Hong Bang, a large tube house with 90 to 120 square meters of land on a better street in Ngo Quyen, or an entry-level villa with 160 to 200 square meters of land in Do Son.
With $1,000,000 (about VND 26.5 billion), you can buy a premium newer villa with 250 to 350 square meters of built area in Do Son, a large branded villa in a prime cluster in Le Chan or Hong Bang, or a resort-style villa in Cat Hai depending on the exact project and location.
With $2,000,000 (about VND 53 billion), the market is thin with limited listings, but you could buy a top-tier compound villa with large land in a premium pocket of Do Son, an ultra-prime villa in a best-in-class planned urban development, or combine two strong townhouses in core districts rather than a single property.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Hai Phong.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Hai Phong, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source Name | Why It's Authoritative | How We Used It |
|---|---|---|
| Savills Vietnam - Hai Phong Spotlight | Savills is a long-running global real estate firm that publishes structured research notes with clear market metrics for Vietnamese cities. | We used Savills' Hai Phong apartment and villa benchmark prices per square meter as our primary anchor numbers. We applied these to typical unit sizes to estimate total property prices across different categories. |
| JLL - Hai Phong Property Market Perspectives 2025 | JLL is a major global real estate consultancy that publishes structured market snapshots for key Asian cities including Hai Phong. | We used JLL to verify demand drivers and understand where new supply is concentrating. We relied on their analysis to explain why prices have moved due to infrastructure and industrial growth. |
| Batdongsan.com.vn | Batdongsan is Vietnam's largest property portal with continuously updated listing inventories across all major cities including Hai Phong. | We used Batdongsan listings to map neighborhood price bands and identify what you can buy at different budget levels. We treated these as asking prices and applied a negotiation discount to estimate closing prices. |
| General Statistics Office of Vietnam - CPI | The GSO is Vietnam's official statistics agency that publishes the country's consumer price index and inflation data. | We used GSO CPI releases to estimate inflation between periods for calculating real price growth. We applied official inflation levels to convert nominal price changes into inflation-adjusted figures. |
| Decree 10/2022/ND-CP on Registration Fee | This is an official Vietnamese government decree published via an authorized legal translation distributor. | We used this decree to set the 0.5% registration fee assumption for buyer closing costs. We incorporated this rate into our taxes and fees estimates for property purchases. |
| Circular 257/2016/TT-BTC - Notary Fees | This is a Ministry of Finance circular that governs official notary and authentication fee schedules in Vietnam. | We used this circular to confirm that notary fees exist and scale with contract value. We converted the official schedule into easy rule-of-thumb ranges for typical Hai Phong transaction sizes. |
| European Central Bank - Exchange Rates | The ECB is the euro area's central bank and provides standardized foreign exchange reference rates used globally. | We used ECB rates for a consistent EUR to USD reference framework. We then converted to VND using this baseline for all euro-denominated figures in our analysis. |
| Reuters | Reuters is a leading global news agency that provides reliable financial data including real-time currency exchange rates. | We used Reuters USD/VND quotes from late 2025 to establish our working exchange rate of $1 = VND 26,500. We applied this rate consistently across all dollar conversions in the article. |
| LawNet Vietnam | LawNet is a Vietnamese legal database that publishes regulations and official interpretations of property transaction rules. | We referenced LawNet for guidance on typical brokerage fee ranges in the Vietnamese market. We used their regulatory context to explain how agent commissions work in Hai Phong transactions. |
| Numbeo | Numbeo is a crowd-sourced global database that tracks cost of living and property prices across cities worldwide. | We used Numbeo as a secondary reference to cross-check price per square meter figures against other sources. We verified that our Savills-anchored estimates aligned with broader market observations. |
| Global Property Guide | Global Property Guide is an independent research site that tracks residential property markets and rental yields across countries. | We consulted Global Property Guide to validate overall market trends for Vietnam. We used their country-level context to ensure our Hai Phong-specific data aligned with national patterns. |
| CBRE Research | CBRE is one of the world's largest commercial real estate services firms with dedicated research teams covering Asian markets. | We referenced CBRE market reports to understand broader Vietnamese real estate cycles. We used their insights to contextualize Hai Phong's growth within national and regional trends. |
| Trading Economics - Vietnam Inflation | Trading Economics aggregates official economic indicators from government sources and presents them in accessible formats. | We used Trading Economics to verify historical inflation rates for Vietnam. We applied these figures when calculating real price appreciation over the past decade. |
| World Bank - Vietnam | The World Bank provides authoritative macroeconomic data and development indicators for countries including Vietnam. | We referenced World Bank data on Vietnam's economic growth and urbanization. We used this context to explain the structural demand drivers behind Hai Phong's property price appreciation. |
| IMF - Vietnam | The International Monetary Fund publishes macroeconomic assessments and forecasts for member countries including Vietnam. | We consulted IMF reports to understand Vietnam's inflation outlook and currency stability. We incorporated their projections when discussing future market conditions. |
| VietnamNet | VietnamNet is one of Vietnam's leading online news outlets covering business, economy, and real estate developments. | We monitored VietnamNet for recent news on Hai Phong infrastructure projects and policy changes. We used their reporting to verify current market developments mentioned in our analysis. |
| VnExpress International | VnExpress is Vietnam's most-read news website with an English edition covering economic and property market news. | We tracked VnExpress for breaking news on Hai Phong real estate and government policies. We incorporated their coverage to ensure our market commentary reflected the latest developments. |
| CafeF | CafeF is a leading Vietnamese financial news portal that covers stock markets, real estate, and economic policy. | We consulted CafeF for Vietnamese-language market analysis and investor sentiment. We used their real estate section to cross-reference price trends with local market perspectives. |
| Hai Phong People's Committee | This is the official website of Hai Phong's local government, providing authoritative information on city planning and development. | We referenced official Hai Phong government announcements on infrastructure projects. We used their planning documents to understand which districts are targeted for growth and development. |
| General Statistics Office - Demographics | The GSO publishes official demographic and population data for Vietnamese provinces and cities. | We used GSO population data to understand Hai Phong's growth trajectory. We applied demographic context when explaining why certain districts see stronger housing demand. |
| Vietnam Customs | Vietnam Customs publishes official trade data including port throughput statistics for Hai Phong. | We referenced customs data to verify Hai Phong's industrial and port growth claims. We used trade volume trends to support our explanation of demand drivers in the housing market. |
| XE Currency Converter | XE is a trusted global currency data provider used by businesses and individuals for exchange rate information. | We used XE to verify our working exchange rates against multiple sources. We confirmed that our $1 = VND 26,500 assumption aligned with prevailing market rates. |
| Statista | Statista is a leading statistics portal that aggregates data from official sources and market research across industries. | We consulted Statista for Vietnam real estate market size and trend data. We used their aggregated statistics to provide additional context on the national property market within which Hai Phong operates. |
Get the full checklist for your due diligence in Hai Phong
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
Related blog posts