Ho Chi Minh City apartments improve in demand and selling price
According to the Ho Chi Minh City Apartment Market Overview Data published by Batdongsan.com.vn in April 2025, the level of interest in the apartment segment in Ho Chi Minh City has recovered positively after Tet. Accordingly, in March 2025, the demand for apartments in Ho Chi Minh City increased by 25% compared to January 2024.
The real estate market in Ho Chi Minh City recorded a clear price increase trend in the apartment segment from 49 million VND/m2 in January 2024 to an average of 59 million VND/m2 in March 2025. This price increase is mainly due to the stable demand of real buyers.
The selling price of apartments in Ho Chi Minh City remains increasing while the rental price does not fluctuate much, only remaining at an average of 12 million VND/month/unit. That has caused the rental yield of apartments in Ho Chi Minh City to decrease to 3.1%/year. However, some projects in Ho Chi Minh City still recorded quite stable rental yields. Typically, RichStar apartments have a rental yield of 4.8%/year or Saigon Intela - 4.3%/year.
Tan Phu leads Ho Chi Minh City in the increase in apartment interest
According to the latest data from Batdongsan.com.vn, Tan Phu is the district that recorded the fastest increase in apartment interest in Ho Chi Minh City.
In March 2025, the demand for Tan Phu apartments increased by 20% compared to the previous month. This demand in other areas such as District 1, District 3, District 4, Nha Be only increased by 12 - 16%. At the same time, the number of apartment listings in Tan Phu also grew in the top 5 of the city, reflecting the increase in demand for real estate searches and transactions in this district.
The strong development of transport infrastructure, such as metro line 2 and large-scale urban projects, has increased the attractiveness of Tan Phu.
Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn - commented that the Tan Phu apartment market in particular and the Western region in general recorded interest in stable growth and relatively even supply allocation, creating diversity in choices for buyers and investors. Meanwhile, real estate prices in this area are still quite low compared to central districts or eastern areas.
This makes the western area a potential destination for those looking for spacious living space, reasonable prices but still easily connected to the city center.
Notably, in the group of customers interested in apartments in the western area, brokers recorded an increasing trend from the group of foreigners living and working in Ho Chi Minh City. Most of them are experts, engineers, pilots and logistics personnel - those who need to stay near Tan Son Nhat airport for convenience, but still prioritize choosing an airy living space with landscape and full amenities.
Although the demand for apartments in Ho Chi Minh City is increasing, especially in the western areas, the supply is mainly concentrated in the eastern part of the city. Other areas, such as the West, South and the center, are quite sparse in new apartments.
In addition, the trend of population dispersion is becoming increasingly clear in Ho Chi Minh City and major cities, as people gradually prioritize finding housing in areas far from the center. The biggest driving force for real estate far from the center is green space and the biggest concern is the progress of residents' formation. This opens up opportunities for large-scale urban area projects in the western area of Ho Chi Minh City, bringing a complete and modern utility system to residents.
