“Surge in Apartment Supply, Yet Prices Continue to Climb”

New Project Concentrates on the Soon-to-Be-Expanded QL 13 Route

Since the beginning of the year, Ho Chi Minh City’s (HCMC) new property market has seen a surge in apartment supply, with most projects concentrated along QL 13. This route is set for a major upgrade to a 60-meter width by early 2026. Once completed, travel time from QL 13 to Hang Xanh and District 1 (old HCMC) will be reduced to just 15–20 minutes.

Recent observations show numerous property projects along this route entering the market, priced between VND 50–130 million per square meter. Units priced at VND 60–70 million per square meter dominate the supply, while those below VND 50 million per square meter are becoming scarce.

For instance, Van Phuc Group recently began booking for the Diamond Sky apartment complex, rumored to be priced at VND 130–150 million per square meter. Nearby, Kusto Home’s Urban Green project offers units ranging from VND 75–90 million per square meter.

Also along QL 13, in the former Binh Duong area, Phu Cuong Group’s Landmark Binh Duong project is rumored to launch at VND 80 million per square meter. Similarly, Le Phong’s The Emerald Boulevard Binh Duong project, priced at VND 70–80 million per square meter, is expected to hit the market by late Q4/2025.

Other projects with comparable pricing include TBS Group’s Ho Guom Xanh (VND 65–70 million per square meter), Becamex Tokyu’s The Glory (VND 58–60 million per square meter), Capitaland’s Sycamore (from VND 58 million per square meter), and Becamex Tokyu’s The Ten (VND 60 million per square meter).

In Binh Hoa Ward (HCMC), Le Phong and Coteccons’ The Emerald 68 project is set to launch a new phase by late September, priced from VND 52 million per square meter. This is considered a reasonable and increasingly rare price in Northeast HCMC.

Strategically located along QL 13 and near the planned Metro Line 2, this project is poised for future value appreciation. The developer offers attractive payment terms: just 6.8% down payment to sign the contract, 20% by the time the pink book is issued, and bank financing options covering 80% of the cost over 30 years. Buyers can also enjoy a 5-year interest subsidy, with affordable monthly payments starting at VND 10 million.

Similarly, projects like Phat Dat’s La Pura and The Habitat Binh Duong still offer units around VND 55 million per square meter, but such prices are expected to become rare as infrastructure improvements and planning continue to drive property values upward.

The Market is Entering a New Pricing Phase

According to Tran Khanh Quang, a seasoned real estate investor, the notion that “condominiums appreciate slowly” no longer holds true in today’s context. Many projects in areas with developing infrastructure have seen significant price increases in short periods, prompting buyers to act swiftly.

Echoing this sentiment, Duong Thuy Dung, Managing Director of CBRE Vietnam, notes that now is an opportune time for homebuyers, as prices have yet to spike and competition among developers is driving quality improvements. “2025 marks the beginning of a new growth cycle. Post-merger transportation infrastructure will sustainably drive HCMC’s real estate market in the medium to long term,” Dung emphasized.

CBRE experts predict that apartment prices in merged areas will rise by 10–15% annually, fueled by ongoing major infrastructure projects. In former Binh Duong, besides the expansion of QL 13 to 10 lanes, Metro Line 2 (Thu Dau Mot – Hiep Binh Phuoc) is progressing rapidly.

Metro Line 2 spans 21.87 km with an estimated investment of VND 53 trillion. It starts at the S5 station of Metro Line 1 in Phu My Ward (former Thu Dau Mot), passes through Binh Hoa Ward, and ends in Vinh Phu Ward (former Thuan An). It connects with HCMC’s Metro Line 3 at Hiep Binh Phuoc and includes 13 elevated stations, sharing a depot with Metro Line 3.

Future extensions will link it to Metro Line 1 and Chon Thanh (Dong Nai), creating a seamless regional transport network. With its speed and connectivity, the metro will significantly enhance mobility, influencing residential preferences and driving demand for properties along its route.

Historically, major infrastructure projects have dramatically increased property values in Eastern HCMC. For example, along the Hanoi Highway, where the Ben Thanh – Suoi Tien Metro Line runs, apartment prices have risen 50–70% in just 4–5 years, with some projects seeing nearly 150% growth. QL 13 and Metro Line 2 are expected to follow a similar trajectory.

According to Batdongsan.com.vn, interest in both buying and renting properties is surging, especially in new HCMC and merged areas. This reflects buyers’ confidence in the market’s potential, driven by expectations of infrastructure-led price growth. The current “early bird” mindset is evident as buyers aim to capitalize on future gains.