Market Outlook for 2025 in Ho Chi Minh City
The real estate market in Ho Chi Minh City is expected to see a shift towards more affordable housing options, particularly in the outer districts. This trend is highlighted in a recent report that outlines several key developments and projections for the coming year.
New Developments and Market Trends
In 2025, it is anticipated that there will be approximately 5,500 to 6,000 high-end apartment units and 1,300 RBL (Residential Building Land) units launched in the city. These projections are based on major infrastructure projects nearing completion and ongoing efforts to address legal challenges for 22 significant real estate initiatives. Such developments are expected to drive growth in the real estate sector over the next few quarters.
Despite the dominance of high-end housing in the market, there is an increasing focus on lower-priced projects in the outer districts. This shift is supported by attractive sales policies aimed at boosting buyer interest. These policies are likely to remain in place as developers seek to meet the growing demand for more accessible housing options.
Performance in Q1 2025
During the first quarter of 2025, the high-end apartment market saw only 118 successful transactions. However, several highly anticipated soft launches from reputable projects have generated considerable interest. Notably, the next phase of Eaton Park and Lancaster Legacy are expected to attract significant attention once they are officially launched.
In the RBL segment, 29 successful transactions were recorded. The second phase of L’Arcade continued to perform strongly, with all units sold out. Primary inventory remains limited, and the high unit values make it challenging for most buyers to access these properties.
Supply Amid Administrative Changes
The supply of high-end apartments in Q1 2025 remained modest, with 82 new units introduced by Kieu by Kita (CBD Fringe). Pre-launch activities were dynamic, with notable projects such as Lancaster Legacy (Trung Thuy) and Opus One (VinHomes) generating considerable interest.
For RBL, 18 new units were introduced by L’Arcade 2 (Phu My Hung). Developers have been actively partnering with distribution agents to prepare for large-scale project launches in Q2. Projects like The Global City’s Sola (by Masterise Homes) and FORESTA (Keppel, Khang Dien) are expected to contribute significantly to the market.
Price Growth and Investor Confidence
Stable price growth continues in both the primary and secondary markets. High-end apartment prices increased by 2.0% quarter-over-quarter to USD 5,104 per square meter. The first quarter also saw the handover of 630 units from the ultra-luxury project Grand Marina, leading to a 5.7% quarter-over-quarter increase in completed-home prices, reaching USD 3,866 per square meter.
Landed property prices rose by 1.4% quarter-over-quarter and 6.6% year-over-year to USD 5,155 per square meter. The secondary market experienced a 1.3% quarter-over-quarter and 4.0% year-over-year increase. These trends indicate strong investor confidence in the property market, with steady growth observed across both segments.
