Apartment prices increase sharply, hot spots are projects near Metro

DKRA Group's Q1/2025 real estate market report for Ho Chi Minh City and surrounding areas recorded the primary supply of apartments at about 12,892 units, a slight decrease of 1% compared to the same period in 2024.

Projects are concentrated in the Ho Chi Minh City and Binh Duong markets. However, market demand has shown signs of improvement, increasing by 56% over the same period. New supply increased by 75% over the same period, with Binh Duong leading the way, accounting for 49% of newly launched apartments in the market in the quarter.

According to DKRA Group, the high-end, class A apartment segment accounts for 72.1% of the primary apartment supply in Ho Chi Minh City, while class B and class C segments continue to dominate the supply in neighboring provinces. The primary selling price level recorded a common increase ranging from 2% - 5%. Liquidity and selling prices in the secondary market continued to recover, focusing on projects that have handed over houses, have completed legal procedures and are conveniently connected to the center.

Apartment prices in Ho Chi Minh City and Hanoi continue to increase steadily.

The first quarter 2025 report of Avison Young Vietnam Company also shows that despite coinciding with the long holiday season, combined with the cautious psychology of both buyers and investors, apartment prices continue to increase in key markets.

In Ho Chi Minh City, apartment prices increased by 6% compared to the end of 2024, reaching an average of 3,200–5,200 USD/m². Notably, secondary prices of large projects along Metro Line 1 increased sharply; some recorded an increase of up to 20% compared to the same period last year such as Gateway Thao Dien. The supply in the last quarter mainly came from the next launches of Eaton Park, The Opus One and 616 units in Masteri Grand View.

A report recently released by Batdongsan.com.vn shows that in the first quarter of 2025, the interest level and number of apartment listings continued to grow after Tet, with interest levels in Ho Chi Minh City and Hanoi both increasing by 13%. Meanwhile, the number of apartment listings for sale increased sharply, up to 20% in Hanoi and 30% in Ho Chi Minh City.

In particular, according to Batdongsan.com.vn, apartment prices continue to increase while rental prices have been stable over the past 3 years. Specifically, the common fluctuation in apartment prices in Hanoi is from 39 million VND to 63 million VND/m2, while in Ho Chi Minh City it is from 47 to 59 million VND/m2.

Meanwhile, the common rental price fluctuations of apartments in Ho Chi Minh City and Hanoi are not much, still at 12-13 million VND/apartment. This causes the rental yield of apartments in Ho Chi Minh City and Hanoi to decrease by 4.5%-4.9%/year, down to only 3.1%/year/selling price.

Mr. Vo Hong Thang - Deputy General Director in charge of DKRA Consulting and Investment Director of DKRA Group, forecasts that with many projects in the communication phase, the new supply of the apartment segment is expected to increase in the second quarter of 2025, fluctuating at around 3,000 - 4,000 units, mainly concentrated in Ho Chi Minh City and Binh Duong. The class A apartment segment continues to hold a dominant position in Ho Chi Minh City, while the class B and C segments lead the new supply in the market of neighboring provinces.

Overall market demand will not fluctuate much compared to the first quarter of 2025 or will have certain adjustments. Primary prices may continue to increase slightly, liquidity and secondary market prices may continue to remain at the level of the previous quarter.

Source: https://nld.com.vn/gia-can-ho-chung-cu-tang-manh-diem-nong-cac-du-an-gan-metro-196250412101244051.htm