From the beginning of July 2025, Ho Chi Minh City (HCMC) officially operates a two-level government, merging the development space of Ho Chi Minh City, Binh Duong and Ba Ria - Vung Tau.
After the merger, the new Ho Chi Minh City continues to affirm its role as an economic locomotive and is on the journey to realize the aspiration to become a super city attracting talent, the business community...
In that context, the real estate market in Ho Chi Minh City, especially the Northeast axis, is receiving positive signals and is considered the focus of attracting investment, especially in the apartment segment.
At the Workshop "HCMC Super Urban Real Estate: Golden Times for Hanoi Investors" organized by Vietnam Real Estate Electronic Magazine, Associate Professor, Dr. Tran Dinh Thien - a member of the Prime Minister's Policy Advisory Council, former Director of the Vietnam Economic Institute - said that expanding development space will create prospects for the development of new urban areas of the city.
According to Associate Professor, Dr. Tran Dinh Thien, the expansion of geographical space is very clear. The Northeast region of Ho Chi Minh City has an urban formula that is completely different from the old Ba Ria - Vung Tau or Ho Chi Minh City. Therefore, this area has created an attractive attraction for private real estate.
Meanwhile, Dr. Nguyen Van Dinh - Vice President of the Vietnam Real Estate Association - said that after the merger, the Ho Chi Minh City real estate market is expected to enter a new growth cycle with the formation of a series of quality, large-scale projects.
Accordingly, real estate in the old Binh Duong, now the Northeast of Ho Chi Minh City, in the first 6 months of 2025, the supply reached about 5,000 products, mainly apartments. The absorption rate reached over 60%, showing that purchasing power is recovering positively.
The demand for existing housing here continues to increase, especially from a group of more than 50,000 experts and high-quality workers working in industrial parks.
In addition, the shift from the central urban area of Ho Chi Minh City also contributes to creating strong demand, along with investment demand from investors in the Southern region and across the country.
For residential real estate, thanks to the large land fund, this area will be the place where housing projects are planned systematically, with transparent legal status, focusing on green, smart and high-end utilities.
While the real estate price level in Hanoi and some other key markets is anchored at a high level, the profit margin is narrowing, the Northeast of Ho Chi Minh City is at the starting point of a new, more attractive, smarter and more sustainable growth cycle.
And according to the Vietnam Institute for Real Estate Research, the "Southward" wave of Northern investors in projects with real housing needs in this area in the first 6 months of 2025 is a clear signal of strategic cash flow shift.
Therefore, according to Dr. Nguyen Van Dinh, this is the stage for investors. However, the Chairman of the Vietnam Real Estate Brokers Association said that not every good infrastructure requires immediate investment.
Investors should choose the right project not only to ensure capital flow safety but also to create long-term profit space - Dr. Dinh advised.
