The real estate market report of Ho Chi Minh City and surrounding areas in the first 2 months of 2025 by DKRA Company shows that most segments recorded low consumption compared to total supply. In particular, the bright spot of the market is still the apartment segment.
In the apartment segment, there are 113 projects, most of which are projects that have been opened for sale since the previous period with a total supply of 12,066 units, down 2.8% over the same period in 2024. The consumption volume reached 10%, equivalent to 1,188 units, up 6.2% over the same period. Compared to the first 2 months of 2021, 2022, the consumption in the 2 months from 2023-2025 has decreased significantly and tends to be slow to absorb.
For the townhouse and villa segment, it is somewhat gloomy when in the first 2 months of the year, consumption has almost "hit rock bottom", reaching only 1%, equivalent to 75 apartments out of the total supply of 5,009 apartments of 81 projects.
Mr. Vo Hong Thang - Director of DKRA Group - explained that the primary supply in the first 2 months of this year decreased compared to the same period, mainly new supply - brought to the market in January, the period before Tet and mainly distributed in Ho Chi Minh City and Binh Duong.
Market liquidity has not had many breakthroughs, the reason being that the high-end, class A apartment segment accounts for 76% of primary supply in Ho Chi Minh City. While the B and C segments hold the leading position in supply in border provinces.
Policies of quick payment discounts, payment extension, gifts for sale... continue to be applied by investors to stimulate the real estate market. However, liquidity in the secondary market stagnated compared to the end of the year. The reason is that the primary selling price, Ho Chi Minh City still recorded a very high price, the lowest was 37 million VND/m2, the highest was up to 493 million VND/m2.
Meanwhile, although banks are offering loan packages with preferential interest rates for home buyers, especially young people who buy for the first time with a total value of the packages of up to tens of thousands of billions of VND.
For example, LPBank with a preferential rate of only 3.88%/year; ACB with a competitive interest rate of 5.5%/year for customers with an income of 15 million VND/month, who are of low age and have a need to buy a house. SHB with an interest rate loan package from 3.99%/year with a loan term of up to 35 years. HDBank even launched a home loans package with a loan term of up to 50 years, with an interest rate of only 4.5%/year.
However, this move has not helped the liquidity of the market improve. Many viewpoints say that in reality, interest rates around 3-5% are only applied in the short term, around 3-6 months. After the promotion expires, the actual floating interest rate will be higher, ranging from 11-14%/year or higher depending on the economic situation. If you want to fix interest rates for a longer period of time, the actual interest rate initially applied is about 8-9%/year.
And with the current apartment price level, home buyers have to pay an average of about 27-30 million VND/month. This is not a small number for every young person.
