CBRE Vietnam has just announced the focus of the Ho Chi Minh City real estate market. Regarding the apartment segment, the Ho Chi Minh City (old) market recorded 7,084 new apartments opened for sale in 2025, an increase of 40% compared to the previous year.
Although all new supply comes from the next phase of existing projects, the market heat has gradually increased quarter by quarter. Quarter IV/2025 recorded 3,135 new apartments opened for sale (up 23% compared to Quarter III/2025, down slightly 4% compared to the same period in 2024), showing the confidence return of investors in the year-end period.
The average primary selling price in Ho Chi Minh City has now reached 92 million VND per m2 (open water area, excluding VAT and maintenance fees), an increase of nearly 21% year-on-year. This increase is driven by two main factors.
One is the product structure with more than 50% of new supply belonging to the high-end and luxury segments (average price over 120 million VND per m2).
Two is price adjustment. CBRE said that some projects in the next phase recorded price increases from 30% to 50% compared to previous sales openings.
In order to optimize the absorption rate, investors have stimulated demand with breakthrough policies such as extending payment progress to 5 years and attractive discounts from 5% - 16%. Thanks to that, the absorption rate for the whole year 2025 reached 73%, and in the fourth quarter of 2025 alone reached an impressive level of 90%.
The buying and selling (secondary) market also recorded strong fluctuations with an average price of 61.5 million VND/m2, an increase of 26% year-on-year. In which, the old District 2 region led the growth momentum with many high-end apartment projects increasing prices by over 40%.
Forecasting for 2026, CBRE said that supply in the Ho Chi Minh City area (formerly) is expected to double compared to the previous year, with about 60% coming from the eastern areas of the city. If calculated in the area of Ho Chi Minh City after the merger, total apartment supply is expected to reach nearly 34,000 units. In which, Binh Duong (formerly) contributed more than 50% market share, affirming its key role in solving the supply problem for the entire market in the future.
According to the forecast of the One Mount Group Market Research & Customer Understanding Center, in 2026 Ho Chi Minh City enters a new acceleration cycle with a series of major cities deploying sales, contributing to ending the "supply shortage" period of housing.
The city is expected to welcome more than 17,200 new apartments for sale, of which about 50% come from mega-urban projects in the East. About 90% of the supply for sale in Ho Chi Minh City (formerly) still belongs to the high-end segment, with a common selling price of over 100 million VND per m2. In neighboring provinces, the price level ranges from about 40-50 million VND per m2.
Although supply improves, the impact from the new land price list and the imbalance between segments are forecast to cause real estate prices to continue to increase this year, with a range of about 8-15% depending on the market.
