Thành phố HCM

Region · Ho Chi Minh City

Ho Chi Minh City

Ho Chi Minh City — Vietnam's largest urban engine, driving Southeast Asia's most active real estate market with accelerating infrastructure, a growing professional class, and transformative urban renewal across all districts.

Vietnam's economic powerhouse

KZEN District Index

  • Area2,061 km²
  • Population9,320,000
  • Avg. Real Estate Price85 million VND/m²
  • 5-Year Price Growth+88%

Key Infrastructure

City-Wide Connectivity Framework

Metro Line 1

Ben Thanh – Suoi Tien

Completed

Operational since 2024 · 25-min connection across the Eastern corridor

Ring Road 3

Full HCMC circumference

Completion Q3/2026

76km orbital expressway linking all satellite provinces

Metro Line 2

Ben Thanh – Tham Luong

Expected 2028

Crosses Binh Thanh, Go Vap · 11 stations

Thu Thiem 4 Bridge

Thu Duc – District 7

Construction 2025

New southern river crossing · completion 2027

Demographic Profile

Ho Chi Minh City Portrait

Ho Chi Minh City generates over 22% of Vietnam's GDP from less than 0.6% of its land area. With a population exceeding 9.3 million — and an estimated 13 million in the wider metropolitan zone — the city is home to Vietnam's largest concentration of multinational corporations, financial institutions, and a rapidly expanding upper-middle class. Real estate demand across all segments remains structurally elevated, underpinned by strong net in-migration and a persistent housing supply deficit.

Population
9,320,000people

+3.4% compared to 2024

Density
4,523people/km²

Fastest urbanizing in Vietnam

Avg. Age
31.8years

Young, productive workforce

Avg. Income
16.4million VND/month

Highest in Vietnam

120+ active projects

Ho Chi Minh City · Vietnam

Investment Performance

Rental Yield vs. Hanoi Average

KZEN Research data, Q1/2026. Gross yield comparison across HCMC project segments versus the Hanoi market average.

  • Ho Chi Minh City (120+ projects)
  • Hanoi Average

Updated quarterly · Source: KZEN Research

Luxury apartments

+13% vs. Hanoi
5.9%
5.2%

1.0 km from center

Mid-end apartments

+14% vs. Hanoi
6.6%
5.8%

2.5 km from center

Shophouse

+16% vs. Hanoi
7.4%
6.4%

0.7 km from center

Grade-A office

+20% vs. Hanoi
7.8%
6.5%

0.4 km from center

Project land plots

+37% vs. Hanoi
5.2%
3.8%

6.0 km from center

Source: KZEN Research · Q1 2026

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