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The New Ho Chi Minh City: A Fresh Property Landscape with Condos Starting from VND 28-280 Million per square meter

21 August, 2025

The prolonged shortage of new apartment project launches in Ho Chi Minh City has been addressed by incorporating new developments from projects previously located in Binh Duong and Ba Ria-Vung Tau provinces, following their merger with the city nearly two months ago.

This merger has expanded the city’s boundaries and brought a broader range of options for both genuine homebuyers and investors. According to data from Batdongsan.com.vn, there are 19 new apartment projects planned for launch in Ho Chi Minh City in Q3 2025, with 11 in the old city boundaries and eight in the newly incorporated areas.

One notable project is Lancaster Legacy, located in one of the few remaining “golden land” plots in the old District 1 (now Cau Ong Lanh ward). This development spans nearly 8,500 square meters and consists of three towers of 38-39 stories, offering 749 apartments, officetel, and penthouses. Developed by Trung Thuy Group, it is currently selling at a price range of VND 227.5 – 279 million per square meter, making it the most expensive project among the new launches.

Another key project is Eaton Park, a 3.7-hectare luxury apartment complex with 2,000 units, developed by Gamuda Land along Mai Chi Tho street in the former District 2 (now An Khanh ward). Initially, the project was undertaken by Dien Phuc Thanh Company, but Gamuda Land took over and continued its development. The launch price for Eaton Park ranges from VND 125 – 213 million per square meter.

In the same ward, Lumiere Midtown is a luxury apartment project by Masterise Homes, situated within The Global City urban area in the former District 2. It comprises two towers of 33-35 stories, housing 808 apartments. Lumiere Midtown started booking sales at the end of May 2025, with prices ranging from VND 7.6 billion for a one-bedroom unit to VND 17 billion for a four-bedroom unit, equivalent to VND 123 – 173 million per square meter.

The Privé (formerly known as Gem Riverside), a project by Dat Xanh Group (HOSE: DXG), is located in the Nam Rach Chiec urban area in An Phu ward, covering 6.7 hectares and offering a total of 3,175 apartments. The developer launched a new sales phase on July 10, with prices ranging from VND 99-105 million per square meter. In terms of progress, the project has completed its foundation work, and some towers have started vertical construction, with expected delivery in Q4 2027.

The Privé project progress at the end of June 2025.

Several other projects are being launched in the old Ho Chi Minh City boundaries, including Masteri Grand View, The Opus One, Khai Hoan Prime, Fiato Uptown, Citi Grand, Happy One Sora, and Conic Boulevard, developed by prominent companies such as Vinhomes (HOSE: VHM) and Khai Hoan Land Group (HOSE: KHG), as well as Van Xuan Group.

Over 16,000 Apartments Launched for Sale in the Former Binh Duong Province

In the former Binh Duong province, many new projects announced at the beginning of the year have adjusted their prices in subsequent phases, reflecting the developers’ renewed confidence in the region’s geographic and administrative position within the expanded Ho Chi Minh City.

For instance, La Pura (formerly Astral City) in Thuan An initially offered booking prices of VND 36 million per square meter, but by the time of its official launch in early July, the price had increased to VND 46 million per square meter, a nearly 30% jump. This project covers 3.7 hectares, is located on National Highway 13, and comprises eight 40-story towers with a total of nearly 5,000 apartments.

TT Capital announced the launch of TT AVIO, a condominium project in Di An ward, spanning 1.6 hectares and offering 2,000 apartments, with prices starting from VND 33 million per square meter for the new sales phase.

TT AVIO project progress in June 2025.

Also in Di An ward, Phu Dong Sky One is a condominium project by Phu Dong Group, featuring a 27-story tower with a total of 640 apartments. The current price is approximately VND 32 million per square meter.

C-Holdings JSC introduced the next phase of The Felix project, comprising 1,206 apartments and scheduled for completion in Q4 2026. The Felix apartments are being sold at prices ranging from VND 34 million per square meter for two-bedroom units to VND 39-42 million per square meter for one-bedroom units.

Additionally, other projects such as The Gió Riverside, The Infinity, Bcons Binh An Dong Tay, and Stown Gateway are also being launched, with prices ranging from VND 35-50 million per square meter.

Source: Compiled from Batdongsan.com.vn

Increased Interest in Real Estate across the Country

According to Batdongsan.com.vn data, the level of interest in real estate across Vietnam increased in July 2025, with most areas of the country experiencing a rise. The two key markets of Hanoi and the old Ho Chi Minh City saw an 11% increase in interest compared to the previous month. Meanwhile, the level of interest in real estate in the newly incorporated areas of Ho Chi Minh City rose by 13%, indicating a positive response to the city’s expansion.

Ho Chi Minh City’s urban expansion and merger with Binh Duong and Ba Ria-Vung Tau provinces have provided a solution to the land shortage issue, paving the way for the development of more affordable housing.

Popular real estate prices across Vietnam have continued their upward trajectory over the past two years, with land prices increasing by 44% and apartment prices by 42% compared to Q1 2024.

Apartments and detached houses lead the Ho Chi Minh City (old boundaries) real estate market in terms of buyer interest. Source: Batdongsan.com.vn

According to Mr. Dinh Minh Tuan, Southern Region Director of Batdongsan.com.vn, the Ho Chi Minh City real estate market showed clear signs of recovery in July 2025, influenced by various macro and micro factors. The level of interest in many apartment, land, and villa projects increased by 10-15%, reflecting a resurgence of investment capital and a positive shift in investor sentiment.

Notably, the luxury segment witnessed strong liquidity, accounting for a significant proportion of transactions, indicating sustained demand for both residential and long-term investment purposes. The improved supply of new projects has helped balance the market after a prolonged period of scarcity.

– 07:14 20/08/2025