Ho Chi Minh City apartment prices drop following market expansion

The expansion of Ho Chi Minh City's development space has led to a significant decrease in average primary apartment prices. According to Duong Thuy Dung, CEO of CBRE Vietnam, the average primary apartment price in the expanded market has dropped to 76 million VND/m2, down from 92 million VND/m2 in the original city area—a reduction of 16 million VND/m2.

This shift is driven by increased land funds and supply from surrounding areas, with approximately 80% of new apartment supply in the first half of 2026 originating from Binh Duong. Secondary apartment prices are currently averaging around 62 million VND/m2. The expansion also benefits industrial real estate, with potential industrial land increasing from 2,500 ha to over 15,000 ha.

Economist Tran Dinh Thien noted that while the transition to a super-metropolis presents opportunities, it also brings challenges. He emphasized the importance of the Special Urban Law and adjusted urban planning to create a new development ecosystem, allowing for greater autonomy and institutional frameworks to support the city's expanded scale.