Ho Chi Minh City real estate is entering a new growth phase.
According to the report of the Vietnam Association of Realtors (VARs), the real estate market in Ho Chi Minh City and neighboring provinces in the first 9 months of 2025 recorded positive growth momentum in both total demand and absorption rate.
Specifically, in 9 months, the total new supply in this market reached about 22,400 products, the absorption rate of new supply reached 65%, equivalent to more than 14,700 successful transactions.
Apartments continue to lead the market, accounting for 66% of total new supply and 70% of total market transactions. Newly launched projects are well absorbed, especially the few luxury projects and apartments in the central area of Ho Chi Minh City (old).
Mr. Nguyen Van Dinh, Chairman of VARs, commented that by 2030, the real estate market in Ho Chi Minh City will enter a new development cycle, based on many important strategic factors.
First of all, Ho Chi Minh City is forming a new urban model with a multi-polar, multi-center, multi-functional, strongly connected structure, aiming towards the scale of an international megacity. Modern and synchronous infrastructure is being accelerated, becoming an important foundation for urban quality and scale.
In which, central urban models such as TOD (transit-integrated development) and IFC (International Financial Center) play a role in promoting growth.
Thanks to these orientations, real estate segments are forecast to develop synchronously and support each other. Housing, industrial zones, tourism - resorts, offices and commerce all benefit from the process of urban space expansion, creating a strong momentum for the entire market.
In particular, real estate in New Urban Centers (IFC, TOD) will be developed in a high-end direction. High-quality urban infrastructure will be formed around the IFC and TOD Centers.
Real estate demand is expected to increase sharply from many target groups. From 2026, the number of rich people, elites and global investors following FDI flows into Vietnam will increase dramatically, leading to great demand for the high-end and luxury housing segment in Ho Chi Minh City.
In addition, the demand for investment, business and high-end service development around IFC and TOD urban areas will also increase rapidly. For the majority of people, the demand for housing and business continues to expand with the urbanization rate and development of the area.
“Based on the above, I predict that in the coming time, special mechanisms and great driving forces will promote economic growth in Ho Chi Minh City, increase demand for real estate investment, and strongly attract capital flows into the city. Demand increases sharply, land for urban development and services is limited, real estate prices will tend to increase steadily,” Mr. Dinh commented.
Ho Chi Minh City real estate may increase up to 30%, but not all
The Chairman of the Vietnam Association of Realtors (VARs) commented that with the Government 's management efforts and the strong direction from the leaders of Ho Chi Minh City, all supply in the real estate market is expected to increase by about 20-30% in the coming time.
Agreeing with this opinion, Associate Professor Dr. Nguyen Quang Tuyen, Vice Chairman of the University Council, Head of the Faculty of Economic Law, Hanoi Law University, said that the real estate market in Ho Chi Minh City still has a lot of room for development. He predicted that in 2026, the market will grow by about 2-5%.
Meanwhile, Dr. Le Xuan Nghia, former Vice Chairman of the National Financial Supervision Committee, gave a more optimistic figure, predicting that the growth rate could reach 10-15%.
However, not all real estate segments in Ho Chi Minh City have the same potential. Many experts believe that the central and eastern areas of the city stand out with clear potential.
The reason is that these areas are benefiting from synchronous infrastructure development, the formation of International Financial Centers, large urban areas, along with a source of experts and high-class residents. These are factors that strongly attract investment capital, while ensuring the ability to generate sustainable profits in the long term.
Furthermore, the South Rach Chiec area is directly benefiting from the synchronous infrastructure development and the formation of the Thu Thiem International Financial Center, while meeting the high-end housing needs of experts and high-quality labor force, creating more attraction for the real estate market in the East of Ho Chi Minh City.
Dr. Nguyen Van Dinh commented that when the International Financial Center in the core of Ho Chi Minh City, like Thu Thiem, is developed, this area will possess synchronous and high-class infrastructure, creating conditions to attract domestic and international experts with capacity and financial potential to work.
This group of experts will need services such as accommodation, recreation, etc. close to their workplace and meeting high quality standards, thereby opening up real estate investment opportunities in the center of Ho Chi Minh City.
“The central location not only creates a difference and class but is also a great opportunity for investors, especially those in the North who are looking for quality, effective products,” Mr. Dinh emphasized.
Meanwhile, Mr. Vu Quoc Viet Nam, Deputy General Director of Dat Xanh Group added: The trend of cash flow is shifting strongly to Ho Chi Minh City, in which the East is a bright spot for investors.
About 20 years ago, the South area with Phu My Hung was the center of attraction for wealthy investors, but since 2021, the cash flow has shifted to the East area. This area is currently home to many experts and residents from Korea, China, Japan, and large urban areas such as Thu Thiem and Thao Dien.
He emphasized that apartment owners in the East area currently tend to keep their properties thanks to attractive rental prices.
“It can be affirmed that the rental yield and apartment rental price in the East are at their best. When the liquidity and cash flow in the East are superior, the extremely good cash flow will be very attractive to investors,” he said.
Source: https://congluan.vn/khu-dong-tp-hcm-se-la-thoi-nam-sham-hut-hang-nghin-ty-dong-dau-tu-bat-dong-san-10319599.html
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