HCMC Apartment Market: Supply Recovery, Prices Remain High

Q2/2025 saw approximately 8,200 new apartments launched in Ho Chi Minh City, up 34% from the previous quarter — the highest level since early 2023. The primary driver is the return of major developers following the resolution of long-standing legal bottlenecks, aided by amendments to the Land Law and special resolutions for HCMC. Several projects that had been stalled for years have now received approval and officially resumed.

New supply is concentrated in the East (Thu Duc City) and South (Binh Chanh, District 7) — areas benefiting from major infrastructure investment including Metro Line 1, Ring Road 2 and Ring Road 3. Some large-scale projects recorded reservation rates of up to 80% within their first week of launch.

Despite the supply improvement, the average market price remains around VND 62 million/m² — only 2–3% below the 2023 peak but still 15–20% higher than 2020–2021 levels. The mid-range segment (VND 40–60 million/m²) has virtually disappeared in inner-city districts, leaving middle-income buyers with limited affordable options.

On the financing side, many banks currently offer preferential rates of 7.5–8.5%/year for the first 12–24 months, stimulating end-user demand. However, buyers should carefully assess their long-term repayment capacity, as floating rates after the preferential period can increase by an additional 2–3 percentage points.