Housing segment: Primary prices remain high
Ms. Pham Thi Mien - Deputy Director of the Vietnam Real Estate Market Research and Evaluation Institute, said that housing supply is expected to continue to grow in 2025, mostly coming from large urban areas in suburban areas. In Hanoi and satellite urban areas, the supply could reach about 37,000 products, while Ho Chi Minh City and neighboring areas are estimated to reach 18,000 products.
Although the regional supply differentiation has decreased, the product structure still leans towards the high-end and luxury segments, but the affordable housing segment is expected to improve significantly thanks to social housing projects. Apartments continue to lead in supply, focusing mainly on projects of large investors.
Demand in the housing market is expected to grow steadily thanks to urbanization and economic development, meeting both real and investment needs. Affordable housing remains the main demand of the market. However, liquidity of apartments in the secondary market is decreasing, especially for old products or products lacking infrastructure and utilities, as transfer prices far exceed actual values.
The trend of housing demand shifting to suburban areas and tier 2 and tier 3 provinces continues. Regarding selling prices, Ms. Mien commented that the primary price of apartments will continue to remain high due to the scarcity of supply compared to demand, although the price increase rate tends to slow down.
In the villa, townhouse and townhouse segment, primary prices will increase due to increasingly limited land funds and high investment costs. Projects with infrastructure and residents will record an upward trend in prices, while projects without infrastructure will maintain stable prices. Transaction volume in this segment is forecast to increase, especially in suburban metropolises.
In the tourism and resort real estate sector, supply in 2025 is expected to increase by 80% compared to the previous year. The main products will be serviced apartments in key tourist destinations, launched on the market after adjusting prices and policies. However, many high-end resort projects have not yet been put into operation due to limitations in infrastructure and utilities.
Industrial real estate growth is strong
The industrial real estate market is forecast to continue to grow strongly in 2025. The supply of industrial land is expanding through new industrial parks and upgrading projects in existing industrial parks. In addition, ready-built warehouses and high-quality factories will develop significantly to meet the demand from the logistics and e-commerce sectors.
Industrial land rental prices will continue to increase due to limited supply compared to demand. In the North, provinces such as Bac Ninh and Hai Phong are forecast to increase by 5-10%, reaching an average of 145 USD/m2/rental cycle. In the South, Binh Duong and Dong Nai maintain their leading positions with rental prices expected to increase by 7-12%, reaching 200 USD/m2/rental cycle. Meanwhile, the Central region is still the region with the lowest rental prices, ranging from 50-70 USD/m2/rental cycle, but also has the potential to increase by 3-5% thanks to new projects.
Ready-built warehouse rental prices increased by about 10%, setting a new price level in Hanoi and Ho Chi Minh City, in the context of limited supply and many areas being filled.
Ms. Pham Thi Mien commented that 2025 is expected to be a year of stable growth for the real estate market, from housing, resort tourism to industry. Supply and prices in all segments tend to fluctuate in accordance with market conditions and actual demand.
