Ms. Nguyen Thuy Linh, a real estate agent in Phuoc Long Ward, Ho Chi Minh City, reports that buyers have returned to the market in recent months. However, the number of successful deals remains lower compared to the peak years of 2018-2019.
“Over the past three months, I’ve closed four property deals, including three apartments and one townhouse. While transactions aren’t booming, any liquidity is a positive sign,” Ms. Linh shared.
The apartment and townhouse market in Ho Chi Minh City shows promising signs of recovery. (Photo: Dai Viet)
Mr. Nguyen Ngoc Hau, a representative of a Ho Chi Minh City-based real estate firm, noted an increase in transactions during Q3/2025. “Our portfolio has successfully closed 45-50% of listings, a clear indicator of market improvement.”
“We specialize in distributing apartments and townhouses in Ho Chi Minh City and Tay Ninh. Binh Duong’s (former) residential units have strong liquidity due to diverse supply across price segments. Units priced under VND 2 billion are particularly popular,” Mr. Hau added.
Affordable housing options attract significant buyer interest. (Photo: Dai Viet)
According to DKRA Consulting’s research, the Ho Chi Minh City and surrounding real estate market in Q3/2025 shows positive shifts, led by the apartment segment’s absorption rate.
DKRA Consulting highlights that Q3 saw over 15,400 primary apartment units launched, a 15% YoY increase. Ho Chi Minh City dominated with 97% of total supply. New launches reached 6,000 units, with Binh Duong (former) accounting for 63.5%. Absorption hit 8,200 units (54% rate).
“Primary demand tripled YoY, while average prices rose 12-18%. Secondary prices increased 7-15% with improved liquidity,” DKRA Consulting analyzed.
For townhouses and villas, Q3 supply exceeded 7,100 units (+27% YoY), 81% from Ho Chi Minh City. Absorption reached 1,200 units (17% rate), triple YoY but still low. Prices rose 5% QoQ.
DKRA Consulting forecasts Q4/2025 apartment supply at 10,000-13,000 units, 50% from Binh Duong (former). Luxury units dominate central HCMC, while mid-range options lead suburban markets.
Townhouse/villa supply will slightly increase to 850-950 units, shifting to satellite cities with lower prices and infrastructure benefits. Overall demand is expected to strengthen in Q4.
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