Thousands of Affordable Homes Added to the Market
According to statistics from the Ho Chi Minh City Department of Construction, almost 5,600 future homes were eligible for sale in the first half of the year. Approximately 80% of the supply is concentrated in the eastern area, specifically in the former Thu Duc City. In terms of supply structure, apartments continue to dominate with over 4,300 units, while nearly 1,300 remaining units belong to low-rise housing types.
As observed by our reporters, the new housing supply in the first half of the year mainly comes from subsequent phases of existing projects such as Alta Height (Son Kim Land), Celadon City (Gamuda Land), and CitiGrand (Kien A). Prices in these projects have increased slightly, ranging from 2-4%.
In the luxury apartment segment, the market recorded more than 800 units from the Lumière Midtown high-rise subdivision in The Global City. Previously, Masterise Homes supplied over 600 units of the Masteri Grand View subdivision, priced from 100-120 million VND per square meter.
A corner of The Global City. Photo: M.H |
The expansion of administrative boundaries has significantly boosted the housing supply in Ho Chi Minh City, offering a diverse range of products. While the former Binh Duong province supplies thousands of apartment units, the main supply in the former Ba Ria – Vung Tau province consists of low-rise and resort-style villas.
Real buyers, especially those with middle incomes, now have more options for apartments in Ho Chi Minh City. Some projects are currently selling at prices of around 40 million VND per square meter, including The Felix (C-Holdings), TT Avio (TT Capital), Phu Dong SkyOne (Phu Dong Group), and Bcons City (Bcons Group), among others.
In their assessment of the market in Q2 2025, Avison Young Vietnam stated that Ho Chi Minh City continues to play a central role with many quality products. Meanwhile, neighboring provinces offer larger land funds and more accessible prices.
According to Avison Young Vietnam, the strong development of apartment projects in the former Binh Duong province reflects not only the trend of urban expansion but also the shift in demand to the outskirts, where buyers are increasingly concerned about quality of life, spacious environments, and long-term profitability.
Adjacent Areas Thrive, with Prices Expected to Rise
The Ho Chi Minh City apartment market, post-merger, has become even more vibrant, with numerous projects gearing up for sales. For instance, Bcons Binh An Dong Tay is expected to be priced at around 2 billion VND per unit, while 300 apartments in the first high-rise subdivision in Van Phuc Urban Area are priced at over 120 million VND per square meter.
In the luxury low-rise segment, the market recorded the sale of over 400 garden villas in the Sola subdivision of The Global City, with prices ranging from 55-60 billion VND per unit, equivalent to 450-526 million VND per square meter.
In the peripheral regions, the real estate market in the former Long An province has recently become bustling with the entry of major players such as Vinhomes Green City (Vingroup), Ecopark Long An (Ecopark), and the next phase of Waterpoint (Nam Long Group), to name a few.
In the land plot segment, Casa Holdings and Solia Group have just introduced nearly 1,000 land plots at The Solia project. This rare project, with completed infrastructure and individual red books, is currently being offered at prices ranging from 25-30 million VND per square meter.
The real estate market in Ho Chi Minh City’s neighboring areas is expected to have more room for growth. Photo: Anh Phuong |
Ms. Duong Thuy Dung, Executive Director of CBRE Vietnam, stated: “While housing prices in Ho Chi Minh City continue to rise, we are seeing new projects in adjacent areas such as the former Long An and Dong Nai provinces. This trend is not new, but it is becoming more pronounced.”
Statistics show that in the first half of the year, the supply of land plots in the former Long An province reached nearly 4,400 units, 33 times higher than the new supply in Ho Chi Minh City.
“These projects are located 25-35 km from the center of Ho Chi Minh City, and many of them are large-scale, developed according to the model of a multi-functional urban area. Once operational, they will contribute to promoting the need for population decentralization to the outskirts,” Ms. Dung added.
CBRE Vietnam forecasts that in the second half of the year, in addition to the former Binh Duong province, the housing supply in areas neighboring Ho Chi Minh City will mainly come from the former Long An and Dong Nai provinces. With prices 50-80% lower than Ho Chi Minh City for apartments and land plots respectively, these markets still have ample room for growth. In the next three years, apartment prices are expected to increase by an average of 9-11% per year, while land plot prices are projected to rise by 6-12% annually.
Anh Phuong
– 14:39 08/06/2025
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