According to Knight Frank Vietnam's report, in the third quarter of 2025, the Ho Chi Minh City area before the merger recorded 1,800 newly opened apartments and 2,600 inventories, bringing the total primary supply to 4,400 apartments. Of which, the luxury segment accounts for more than 57% of the total primary supply here (from 110-250 million VND/m2), mainly concentrated in the East of the city. The supply of luxury overwhelms mid-range and high-end houses, causing the average primary price of apartments in the last quarter to reach nearly 96 million VND per square meter, an increase of 8.8% over the same period last year.
Entering the fourth quarter of 2025, Knight Frank predicts that the central area of Ho Chi Minh City will welcome about 4,500 new apartments, mainly from high-end and luxury projects in the implementation stage. Demand is forecast to remain stable, attracting the average primary selling price in the core urban area to nearly 100 million VND/m2.
According to Avison Young Vietnam, the real estate market in Ho Chi Minh City in the third quarter of 2025 is a one-sided race of high-end and luxury projects. This unit said that 90% of newly opened baskets are priced at over VND90 million/m2, an increase of 5-8% over the same period last year. Nam Rach Chiec area, located in the East of Ho Chi Minh City, leads the new supply with a series of luxury and super luxury projects, raising the price here to 200-300 million VND/m2, turning Ho Chi Minh City into a center for high-end and super high-end real estate development.
Sharing at the Ho Chi Minh City Real Estate Forum with the theme "Central nhanct", Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan (online real estate trading platform, member of Property Guru Group) said that over the past decade, the real estate market in the city center has witnessed an increase in prices in all segments.
In particular, apartments recorded an average increase of 3 times, each m2 from 31 million VND in 2015 to 92 million VND, only behind the land type (an increase of 4.8 times). The increase in apartment prices in the core area of Ho Chi Minh City also exceeded the increase of 2.3-2.7 times in the townhouse segment (private houses, street-front).
As of the third quarter of 2025, the average secondary price of apartments in the central area of Ho Chi Minh City per square meter reached the selling price of 300 - 400 million VND. The remaining areas are commonly at 115-185 million VND per square meter. The new basket of goods also recorded a price of 200-500 million VND per square meter, and maintained a growth rate of 10-30% per year.
According to Batdongsan representative, despite the increase in prices, the demand for apartments in the central area remains high. In the first 9 months of 2025, the basket of goods in the central area accounted for about 28% of the total supply, but accounted for 45% of the demand for apartments in the old Ho Chi Minh City area.
Mr. Nguyen Quoc Anh commented that the state of "lack of supply" and " excess demand" along with the exhaustion of new supply has created pressure, causing existing apartment prices in this area to continuously increase. In addition, the city center is the core area with developed trade, finance, services, high labor density and dense public transport infrastructure... which are the reasons why real estate here always has high prices and the supply is difficult to meet demand.
This shows that the new supply trend continues to focus on the high-end and luxury segments, while affordable apartments are increasingly scarce, causing the general price level of the market to remain high in the coming time.
