According to the Ho Chi Minh City Real Estate Market Spotlight Q4/2025 released by CBRE Vietnam, the market recorded over 12,000 housing units launched in 2025, including apartments and low-rise houses. Notably, low-rise housing saw a record supply growth.
When considering the expanded Ho Chi Minh City post-merger, the total supply significantly improved, thanks to the former Binh Duong area, which contributed over 17,300 new units, dominating the 2025 supply. This highlights the growing importance of expanded regions in meeting market demand, as the core area faces land scarcity, rising prices, and legal challenges.
Commenting on the housing market, Ms. Duong Thuy Dung, Managing Director of CBRE Vietnam, stated: “The merger of provinces and cities, coupled with synchronized investment in key infrastructure, is a major driver for the real estate market, especially as the city’s land resources become increasingly scarce.
Additionally, new supply is showing signs of recovery, despite unresolved legal issues. The government’s efforts demonstrate its priority for this sector.
A prime example is the plan to digitize real estate transactions, with asset identification expected to roll out in March 2026. This will be a crucial step toward a more transparent market, reducing risks and fostering sustainable development, rather than short-term speculation.”
Record Growth in Low-Rise Housing Supply
In Q4/2025, the low-rise housing market in the former Ho Chi Minh City recorded a historic supply of approximately 4,500 units, bringing the annual total to nearly 5,000. This is 20 times higher than in 2024, marking the strongest growth ever in the region. The Can Gio mega-urban project, spanning 2,870 hectares, was the primary contributor, offering 64,000 landed and apartment units.
With strong housing demand, new project sales averaged 70% across quarters. Primary market prices dropped 25% quarter-on-quarter and 28% year-on-year, influenced by the new Can Gio supply.
The Can Gio mega-urban project significantly boosts low-rise housing supply in Ho Chi Minh City.
Looking ahead, low-rise housing supply in Ho Chi Minh City is expected to improve with new urban projects in the East and South. In 2026, new supply is projected at 5,500 units, gradually increasing to over 15,000 by 2028. Major developers like Vingroup, Masterise, and GS E&C will drive this growth.
Urgent Action Required: Ho Chi Minh City Leaders Stress “No Delays” in Project Implementation
The Ho Chi Minh City leadership has tasked the Urban Railway Management Board and the Urban Development Management Board with urgently providing their input on the Thu Thiem 4 Bridge Construction Project.
Prime Minister: Slash Commercial Housing and Apartment Prices to Reasonable Levels
Prime Minister Pham Minh Chinh has mandated a comprehensive review and elimination of all unnecessary, cumbersome procedures that cause harassment, inconvenience, and increase compliance costs. Additionally, he has specifically called for a reduction in commercial housing prices, particularly for condominiums, to a reasonable level that aligns with the country’s overall development.
Prime Minister: Ensuring Equal Access to Housing for Every Citizen
At the conclusion of the morning session on January 13th, Prime Minister Phạm Minh ChÃnh emphasized that housing is a critical social welfare issue and a fundamental right of every citizen. He underscored the goal of ensuring social progress and equality, guaranteeing equal access to housing for all, leaving no one behind. This must be achieved in a manner aligned with the real income levels of citizens, the country’s development, and market dynamics. The focus is on increasing housing supply across all segments, particularly social housing and rental options, to reduce commercial housing prices. Additionally, mechanisms and policies will be developed to support housing for middle-income earners (those earning above 20 million VND per month).
Ho Chi Minh City Apartment Prices Post-Merger Average 68 Million VND/m², Forecast to Rise Further by 2026-2028
Following the transformative expansion of Ho Chi Minh City in 2025, which included the integration of Binh Duong and Ba Ria – Vung Tau, Vietnam’s housing market is entering a period of significant reshaping. According to Vo Huynh Tuan Kiet, Director of Residential Services at CBRE Vietnam, 2026 will mark a pivotal year where trends such as urban sprawl, infrastructure-driven development, product quality enhancement, and market transparency become increasingly prominent.
Urgent Submission to Ho Chi Minh City People’s Council: Investment Plan for Thu Thiem 4 Bridge and Multiple Key Projects
The Vice Chairman of the Ho Chi Minh City People’s Committee has directed the Department of Finance to urgently review, consolidate, and draft a proposal for submission to the City People’s Council. This proposal seeks approval for the investment policy of the Thu Thiem 4 Bridge project, with the aim of presenting it at the nearest council session.
