Ho Chi Minh City’s (HCMC) property market recorded 7,084 new apartment launches in 2025, a 40% increase compared to the previous year.
According to CBRE Vietnam’s latest report on HCMC’s real estate market, the city witnessed 7,084 new apartment launches in 2025, marking a 40% year-on-year growth. Despite all new supply stemming from subsequent phases of existing projects, market momentum steadily increased throughout the year. In Q4 2025, 3,135 new units were launched, up 23% from Q3 and slightly down 4% from Q4 2024, reflecting developers’ renewed confidence as the year closed.
The average primary sale price in HCMC has reached VND 92 million per square meter (net area, excluding VAT and maintenance fees), a nearly 21% annual increase. This surge is driven by two key factors: First, product mix, with over 50% of new supply falling into the high-end and luxury segments (averaging above VND 120 million per square meter). Second, price adjustments: Some subsequent project phases saw price hikes of 30% to 50% compared to earlier launches.
To optimize absorption rates, developers introduced innovative incentives: extended payment terms of up to 5 years and attractive discounts ranging from 5% to 16%. These strategies yielded impressive results, with a 73% annual absorption rate and a remarkable 90% in Q4 alone.
The secondary market also experienced significant growth, with average prices reaching VND 61.5 million per square meter, a 26% annual increase. Former District 2 led the growth, with many high-end projects seeing price increases of over 40%.
Following its merger into HCMC, Binh Duong’s market saw vibrant activity, with 17,300 new units launched, 80% of which were in Di An and Thuan An (formerly). Binh Duong’s average primary sale price stands at VND 47 million per square meter, 49% lower than HCMC’s pre-merger average.
The average primary sale price of apartments in HCMC has now reached VND 92 million per square meter.
Looking ahead to 2026, HCMC’s pre-merger supply is projected to double, with 60% concentrated in the eastern districts. Post-merger, total apartment supply across HCMC is expected to reach nearly 34,000 units, with former Binh Duong contributing over 50%, cementing its role as a critical supply hub for the market’s future.
Why Property and Real Estate Prices Are Surging: Insights from the Ministry of Construction
The Ministry of Construction attributes the recent surge in housing and real estate prices to multiple factors, including price manipulation and artificial market creation by real estate brokers.
Real Estate Supply Doubles, Yet Prices Continue to Soar
In 2025, the market witnessed a remarkable surge with over 80,000 new condominium units, doubling the figures from 2024. Strikingly, nearly 25% of these new offerings, totaling more than 20,000 units, were priced above 100 million VND per square meter—a tenfold increase compared to the previous year.
“Post-Fever, Resale Condos Witness ‘Loss-Cutting’ Transactions in the Market”
According to VARS IRE, “stop-loss” transactions in the condominium market are primarily observed among properties purchased at high premiums or driven by FOMO-induced buying during previous short-lived price surges.
Proposed ‘Remedy’ to Cool Down the Real Estate Market
The Ministry of Construction has identified a key factor behind the recent surge in real estate and housing prices: speculative behavior from developers, investors, and individual brokers. These parties have been hoarding properties, artificially inflating prices, and spreading market misinformation, creating instability in the sector.
What Does the Ministry of Construction Say About the Causes of Rising Real Estate Prices and Solutions to Halt the Surge?
The Ministry of Construction has addressed voter concerns from Hanoi regarding the surge in gold prices and the real estate market, outlining key factors behind these increases and proposing measures to curb the upward trend.
