The VARS report highlights a vibrant real estate market in the first half of 2025, with capital shifting from urban centers to suburban areas due to limited central land availability. Can Gio has emerged as a focal point, thanks to the Vinhomes Green Paradise (Vinhomes Can Gio) mega-project, spanning nearly 2,900 hectares with a total investment of $10 billion.
Strategically located, Vinhomes Can Gio is approximately 50 km from Ho Chi Minh City’s center, 20 km from Vung Tau by sea, and 12 km from Cai Mep – Thi Vai Port (formerly in Ba Ria – Vung Tau). This positioning establishes Can Gio as a new growth hub in the Southeast region.
Since the Vinhomes Can Gio project’s groundbreaking, local real estate prices have seen significant fluctuations. Surveys indicate that residential land along the frontage in Can Gio commune (Long Hoa – Can Thanh Town) is now priced at around 60–70 million VND/m², a substantial increase from previous levels.
Additionally, gateway infrastructure acts as a critical catalyst. The Ben Luc – Long Thanh Expressway, including the Binh Khanh Bridge, is nearing completion. Positive updates on the Can Gio Bridge and metro system further enhance the area’s commercial and real estate value.
Ms. Phuc, a resident near the project in Can Gio commune, shared: “Many affluent individuals from Ho Chi Minh City are purchasing land here to build retirement homes. Frontage land is priced at around 60–70 million VND/m², while alleyway land ranges from 20–30 million VND/m².”
A hotel manager near the project added: “In recent months, land around Vinhomes Can Gio has attracted numerous investors, primarily for constructing worker accommodations or food establishments catering to construction site workers.”
Approximately 5 km from the project, along Luong Van Nho Street, market fervor is palpable. Mr. Nghia, a local agent, noted: “Land prices have surged recently, ranging from 30–50 million VND/m², with some areas reaching 70 million VND/m² depending on location. A 5x22m plot now costs around 8 billion VND, while a 170 m² house rents for 25 million VND/month.”
Similarly, in the Phuoc Khanh Bridge area (Binh Khanh commune), over 30 km from the project, residents report a surge in land inquiries, especially for plots with clear legal status. Mr. Tan, a local resident, remarked: “There’s increased interest, with land priced around 25–30 million VND/m², higher for frontage due to the upcoming bridge completion and major projects.”
Ms. Cao Thi Thanh Huong, Senior Manager of Research at Savills Vietnam, explained: “Mega-projects often drive short-term land price increases in surrounding areas, but sustainability depends on infrastructure progress and genuine tourism-service appeal.”
Beyond market excitement, risks loom large. Experts caution against significant “asking-closing” price gaps, with many investors chasing expectations without legal due diligence, heightening liquidity risks.
According to Mr. Nguyen Pham Huu Hau, a finance and real estate expert, “Investors must distinguish between residential land with clear legal status and agricultural/cultivation land. Without specific planning and completed infrastructure, price surges may quickly reverse.”
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