Even with 5 billion VND, it's still difficult to buy a house or land in Ho Chi Minh City.

(NLĐO) - Real estate prices in Ho Chi Minh City have risen too high. With a budget of up to 5 billion VND, many people are still struggling to find a suitable house.

I have 5 billion VND but can't find a single house that I like.

The case of Mr. Ho Quoc Minh, a man from Khanh Hoa who came to Ho Chi Minh City to find a house for his children, clearly reflects this reality. After more than half a month of viewing over 10 houses in Districts 12, Go Vap, and the former Thu Duc City, he still hasn't been able to finalize a transaction.

The reasons stem from several factors: in some cases, homeowners need to sell urgently but only offer symbolic discounts of a few tens of millions of dong; some properties advertised as being accessible by car are actually only accessible by tricycles, or are located in areas prone to flooding.

"I have 5 billion VND in hand but still haven't found a suitable house for my children to settle down in Ho Chi Minh City. I'm still asking real estate agents to help me find one, and if I find a suitable property, I'll continue to view it," Mr. Minh added.

Similarly, Ms. Nguyen Thi Hoa, an office worker in Ho Chi Minh City, also faced difficulties buying a house despite having a budget of over 5 billion VND. Her requirement was a house in an alley accessible by car, with a minimum area of ​​60 m2 in Binh Thanh or Go Vap (formerly) district, but she could hardly find a suitable property.

"Affordable houses are either affected by road widening plans or are severely dilapidated. Many real estate agents advise buying a house in a small alley in a central ward with convenient transportation with this amount of money, but I haven't agreed yet because I'm worried about safety and fire hazards. Apartments are also a product I'm considering, but the prices are quite high now," she shared.

Even with a budget of 5 billion VND, people still find it difficult to buy their ideal house in Ho Chi Minh City.

A representative from a real estate company in Ho Chi Minh City stated that with a budget of 5 billion VND, buyers often spend a lot of time finding a house that meets their needs, especially if they require a house with car access and a location in central wards.

"For people from the provinces, who are used to spacious and airy environments, finding a suitable property becomes even more difficult. Therefore, the advice is that buyers need to carefully survey many areas to get a more comprehensive overview of the real estate market, understand prices, and especially thoroughly check the legal aspects to avoid risks," this person suggested.

Prices are rising across the board.

According to CBRE Vietnam, in the second quarter, the average price of landed houses in Ho Chi Minh City reached VND 160-300 million/m², a 9% increase compared to the same period last year. Apartment prices ranged from VND 82-220 million/m², a significant increase of 29%. Mr. Doan Quoc Duyet, Director of Tin Thanh Real Estate Company, estimates that apartment prices in Ho Chi Minh City have already increased by 15%-30% compared to 2024.

Central wards in former districts such as Districts 1, 3, Binh Thanh, 7, and the former Thu Duc City are currently recording common prices of 80-200 million VND/m², or even higher. The reasons cited are limited supply due to legal obstacles, scarce land, while input costs such as steel, cement, sand, and stone have increased by 15%-20% since 2023. Stricter requirements regarding fire safety, environment, and infrastructure have also driven up project development costs by 20%-30%.

Furthermore, the trend of developing high-end projects, improved infrastructure with key projects such as Metro Line 1, Thu Thiem 2 Bridge, and Ring Road 3, along with large capital inflows from Hanoi and FDI from South Korea and Singapore, continue to push up the prices of apartments in the city center. Even older apartments have increased by 10%-15% after the amended Land Law came into effect.

Mr. Duyet predicted that by the end of 2025, apartment prices in central Ho Chi Minh City could increase by another 10%-15%, indicating that the pressure to buy a home will remain heavy, especially for customers with average budgets around 5 billion VND.

Source: https://nld.com.vn/cam-5-ti-dong-van-kho-mua-nha-dat-o-tp-hcm-196250914141054143.htm