Ho Chi Minh City: Housing supply recovers, 'big guys' also launch new products

TP.HCM: Nguồn cung nhà ở phục hồi, các ‘ông lớn’ cũng tung nguồn hàng mới - Ảnh 1. — Currently, the majority of new housing supply in Ho Chi Minh City is concentrated in the East. In the photo: A real estate project under construction in the East - Photo: TGC

Reports on the Ho Chi Minh City housing market in Q3 2025 from market research firms such as Avison Young, CBRE, and JL all note an upward trend in new supply, mainly from subsequent phases of existing projects or relaunched projects.

Nearly 3,000 homes launched onto the market.

According to CBRE Vietnam, in the third quarter, the Ho Chi Minh City housing market recorded 2,549 new apartments and 220 low-rise houses launched for sale.

For the apartment market, all supply comes from the next phase of projects already launched or projects restarted after a long period of suspension. Notably, in the third quarter alone, new supply in Ho Chi Minh City was nearly double the total supply in the first half of 2025, and increased 19 times compared to the same period last year.

CBRE recorded 2,250 units sold in Ho Chi Minh City (formerly) in 2,250 units, a 63% increase compared to the previous quarter, with an absorption rate of only 68%. The rapid increase in prices is causing buyers to consider their options more carefully before making a decision.

Meanwhile, JLL Vietnam reported that the majority of new projects in the quarter continued to be implemented by domestic businesses, while foreign investors are showing caution amidst the ongoing changes in Vietnam's administrative system.

Primary market prices for high-end apartments recorded a slight decrease of 0.2% quarter-on-quarter and an increase of 5.3% year-on-year, reaching US$5,065/m². Most other primary projects saw stable price growth of 1-3% quarter-on-quarter, while secondary market prices grew steadily at 1.9% quarter-on-quarter and 6.7% year-on-year.

Developers are also releasing new properties.

According to reports, the majority of new supply, with over 75% concentrated in the eastern part of Ho Chi Minh City, has become the focal point of the market's recovery. However, the high-end and luxury segments still dominate the new supply.

A representative from Masterise Homes stated that the company has just launched the Masteri Park Place high-rise subdivision in The Global City urban area in the East of Ho Chi Minh City. This subdivision comprises four luxury apartment towers with 1,728 units, offering a variety of apartment types from 1, 2, 3, and 4 bedrooms to penthouses, duplexes, and office towers…

This is also the first high-rise subdivision in The Global City with two sides facing water, one side overlooking the river and the other overlooking the canal and landscaped lake.

Meanwhile, Phu My Hung developer also announced that it has just introduced the Phu My Hung The Sculptura project to the market. This project is built on a plot of land with an area of over 2,370m², is 12 stories high, and includes 75 apartments and 10 shops.

Notably, after a 1.5-year hiatus from new supply, this project marks Phu My Hung's return to the Ho Chi Minh City housing market.

Mr. Vo Huynh Tuan Kiet - Director of Housing at CBRE Vietnam - said that the supply of real estate in Ho Chi Minh City has improved recently, due to many investors launching new projects and subdivisions, but it still has not met the large demand of the market or balanced the housing segments.

Many key transportation projects nearing completion will increase connectivity, expanding the supply and project choices for urban residents in cities like Ho Chi Minh City. However, it is necessary to continue removing obstacles, increasing land availability, and encouraging developers to increase supply, especially in the affordable housing segment.

Ho Chi Minh City has a supply of up to 22,000 apartments.

According to CBRE Vietnam, Ho Chi Minh City is projected to have a total new supply of over 2,400 low-rise units and more than 22,000 apartments in 2025.

Ms. Duong Thuy Dung, CEO of CBRE Vietnam, stated that the government's removal of legal obstacles has helped to unblock 86 projects in Ho Chi Minh City (formerly), and this is the biggest driving force for increasing new supply in late this year and 2026.

Meanwhile, JLL Vietnam also believes that Ho Chi Minh City's consideration of resolving legal obstacles for key projects is expected to help the market improve in the last quarter of 2025.

Nearly 3,000 homes launched onto the market.

Developers are also releasing new properties.

Ho Chi Minh City has a supply of up to 22,000 apartments.

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