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Ho Chi Minh City real estate market trends

Updated 2 times since CLSTR started tracking revisions of this situation.

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2026-08-25 23:59 UTC → 2026-09-11 02:08 UTC · added removed

The real estate market in Ho Chi Minh City is undergoing significant shifts driven characterized by high-value land auctions and urban expansion. a divergence between rising supply and liquidity challenges. The Ho Chi Minh City People's Committee has approved a land use rights auction for a 6,446-square-meter mixed-use plot (lot 1.K3.4.HH) in the Thu Thiem New Urban Area (lot 1.K3.4.HH). The site is designated for 95% residential and 5% service functions, with a maximum height of 24 meters and six floors. The auction, expected Area. Expected in September 2026, has a the starting price is estimated at over 1,900 trillion VND, a massive increase from the 2021 auction for the same site which had a starting price of approximately 578 billion VND. While high-end land values rise, In the apartment market shows diverging trends. sector, high prices and borrowing costs are impacting buyer sentiment. In the second quarter of 2026, 80% of new apartment offerings were priced above 120 million VND per square meter, primarily in high-end segments. Despite new supply reaching 3,700 units in the first half of the year, the absorption rate fell to 32% as mortgage interest rates reached roughly 13%. However, By the expansion first eight months of the city's development space has begun to lower 2026, apartments accounted for approximately 70% of total real estate supply, though average prices reached roughly 108 million VND per square meter, exceeding many residents' affordability. However, urban expansion is lowering average primary apartment prices. According to prices in peripheral areas. CBRE Vietnam CEO Duong Thuy Dung, Dung noted that average primary prices in the expanded market have dropped to 76 million VND/m2, compared to 92 million VND/m2 in the original city area. This reduction is attributed to increased driven by supply from surrounding regions, with approximately 80% of new apartment supply in the first half of 2026 originating from Binh Duong. Economist Tran Dinh Thien emphasized that transitioning to a super-metropolis requires adjusted urban planning and the Special Urban Law to support this new scale.

Versions

  1. 2026-09-11 02:08 UTC Ho Chi Minh City real estate market trends
  2. 2026-08-25 23:59 UTC Ho Chi Minh City real estate market trends
  3. 2026-08-19 00:12 UTC Ho Chi Minh City real estate market trends

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