Apartment prices in Ho Chi Minh City reach new peak.

(NLĐO) - Apartment prices in Ho Chi Minh City continue to set new benchmarks in the first quarter of 2026 as supply remains scarce.

The Ho Chi Minh City apartment market in the first quarter of 2026 continued to witness a paradox: new supply decreased sharply, but selling prices still rose to their highest levels ever.

Meanwhile, satellite areas like Binh Duong and Ba Ria - Vung Tau are emerging as new growth poles, attracting a large number of buyers thanks to abundant supply and more accessible price levels.

According to Cushman & Wakefield's MarketBeat Q1 2026 Ho Chi Minh City real estate market overview report, the core area of ​​Ho Chi Minh City only recorded approximately 1,200 new apartments launched during the quarter, a decrease of 62% compared to the previous quarter and a decrease of 47% compared to the same period last year.

This decline reflects the cautious sentiment of many developers in the early part of the year, as they choose to observe the market before launching new products.

Despite limited supply, the average primary selling price surged to nearly US$7,300/m², equivalent to approximately VND 191 million/m². This is the highest price ever recorded in the Ho Chi Minh City apartment market, representing a 19% increase compared to the previous quarter and a 53% increase compared to the same period last year.

Notably, this price only reflects the listed price in the primary market and does not include early booking incentives or quick payment discounts. This indicates that sales policies still play a crucial role in supporting market liquidity.

In terms of supply structure, the East continues to play a dominant role, accounting for approximately 80.3% of the total number of new apartments launched, while the South accounts for 19.7%.

In terms of segments, luxury apartments dominate with a share of approximately 72%, with the remainder belonging to the high-end segment. The market has almost no additional supply of mid-range or affordable apartments.

Primary apartment prices have continued to skyrocket over the past year.

The imbalance between product structure and actual demand has significantly impacted purchasing power. In the first quarter of 2026, the number of new transactions reached less than 1,000 units, equivalent to about 25% of the supply launched onto the market. This figure represents a decrease of 74% compared to the previous quarter and a 31% decrease compared to the same period in 2025.

According to Cushman & Wakefield, continuously escalating prices coupled with a shortage of affordable housing for the majority of the population have made buyers more cautious. In addition, rising borrowing costs and credit control policies have also reduced access to housing for many customers.

In this context, capital flows are strongly shifting towards satellite cities. Statistics show that Binh Duong and Ba Ria - Vung Tau recorded more than 7,000 new apartments launched and over 6,100 successful transactions in the first quarter of the year. Binh Duong, in particular, continues to lead the market with a large supply and significantly more competitive pricing compared to the central area of ​​Ho Chi Minh City.

Ms. Le Hoang Lan Nhu Ngoc, Senior Director and Head of Strategic Consulting at Cushman & Wakefield Vietnam, commented that the Ho Chi Minh City apartment market is entering a multi-polar development phase.

"While the core area remains highly sought after and maintains high price levels, affordability pressures and limited product variety are driving buyers to seek options further from the city center. This creates momentum for satellite areas, which offer new supply, increasingly improved infrastructure, and prices that better suit current needs," Ms. Ngoc stated.

Source: https://nld.com.vn/gia-chung-cu-tphcm-lai-lap-dinh-moi-19626060309165785.htm