The Ho Chi Minh City real estate market research report for the third quarter of 2025 by real estate consulting firm Knight Frank shows that the average primary selling price in Ho Chi Minh City reached about VND94 million per square meter, an increase of 8.8% over the same period last year.
The market recorded about 1,800 new apartments for sale, mainly from projects that were restarted after legal problems were resolved thanks to procedure reform and coordination between businesses and the government. The total primary supply reached about 4,400 units, of which the luxury segment accounted for 57% and was mostly concentrated in the East of the city.
Market report data from Batdongsan.com.vn also shows a similar trend. In the third quarter, the average apartment price reached VND99 million per square meter, up 35% over the same period last year. In particular, the eastern area (old Thu Duc City) recorded a common price of 80-120 million VND per square meter, an increase of 32-48%. This area currently holds more than 11,800 apartments, accounting for 60% of the total supply in the city and mostly high-end products, priced at over 100 million VND per m2.
The strongest price increase rate is recorded in projects in the Thu Thiem new urban area and Nam Rach Chiec area, with an average price growth rate of 18-27% per year. The real estate market in this area is leaning towards high-end and luxury products, pushing the housing price level in this area above the average of the whole area. From 2024 to now, about 80% of the new supply opened for sale in the East is high-end houses, with an average price of over 75 million VND per m2.
Experts say that due to the situation of projects being entangled in legal issues for many years, project development costs are increasing, causing investors to prioritize high-end products because of good profits and less risks. Meanwhile, the affordable housing segment is shrinking.
According to the report sent to the Ho Chi Minh City People's Committee on the results of reviewing and handling projects facing difficulties, the Department of Construction said that the whole city currently has 838 projects and land areas with problems that need to be reviewed and resolved. In which, the Department is assigned to be in charge of 29 projects in the difficult group related to planning and investment procedures, including 9 public investment projects, 15 private investment projects and 5 private projects in the operation phase.
To date, the Department of Construction has completed the review of 25 out of a total of 29 projects, reaching more than 86%. Of which, 9 public investment projects have been completely dismantled; 12 private projects have been resolved; one project has been transferred to a group undergoing inspection and investigation; three other projects have also been considered for dismantling. The remaining four projects are continuing to be coordinated to handle according to the direction of the city leaders.
The city is still actively removing difficulties for real estate projects in the area. This is expected to bring a new supply source to help the market become more balanced. However, the story of supply-demand imbalance is still unresolved and the real estate price level is still increasing continuously.
According to estimates by some market research units, this year Ho Chi Minh City will have about 28,000 new apartments, mostly in the East and up to 80% in the high-end and luxury segment. In 2026, the city plans to welcome about 23,000 more apartments, mainly this product line, causing apartment prices in the East to increase by 7-10% next year.
