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

Housing supply in Ho Chi Minh City has grown again after several quiet quarters, reflecting improved buyer confidence and liquidity, although the market remains under great pressure on primary and secondary selling prices.

Currently, most of the new housing supply in Ho Chi Minh City is concentrated in the East. In the photo: A real estate project in the East is under construction - Photo: TGC

Reports on the Ho Chi Minh City housing market in the third quarter of 2025 by market research units such as Avison Young, CBRE, and JL all recorded a growth trend in new supply, mainly from the next phases of existing projects or restarted projects.

Nearly 3,000 houses launched on 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 for sale.

For the apartment market, all supply comes from the next phase of projects that have been launched or projects that have been restarted after a long pause. Notably, in the third quarter alone, the 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 the number of units sold in Ho Chi Minh City (old) reaching 2,250 units, an increase of 63% compared to the previous quarter, the absorption rate was only 68%. The rapid increase in prices makes buyers tend to consider more carefully before making a decision.

Meanwhile, JLL Vietnam said that most new projects in the quarter continued to be implemented by domestic enterprises, while foreign investors were showing caution, in the context of many changes in Vietnam's administrative system.

Primary prices in the high-end apartment market recorded a slight decrease of 0.2% QoQ and an increase of 5.3% YoY to USD 5,065/m². Most of the remaining primary projects recorded stable price growth of 1-3% QoQ and secondary prices grew steadily at 1.9% QoQ and 6.7% YoY.

Investors also "release goods"

According to reports, the majority of new supply, more than 75%, is concentrated in the East of Ho Chi Minh City, making this area the center of market recovery. However, the high-end and luxury segments still account for an overwhelming proportion of new supply.

A representative of Masterise Homes said that this company has just launched the Masteri Park Place high-rise subdivision in The Global City urban area in the East of the city. This subdivision has 4 high-end apartment towers with 1,728 apartments, with a variety of apartment types from 1 - 2 - 3 - 4 bedrooms to penthouses, duplexes and office towers...

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

Meanwhile, the investor Phu My Hung also said that the company has just introduced to the market the Phu My Hung The Sculptura project. This project is built on a land plot of more than 2,370 square meters, 12 floors high, including 75 apartments and 10 shops.

Notably, after 1.5 years of absence of new supply, this project marks the return of Phu My Hung to the Ho Chi Minh City housing market.

Mr. Vo Huynh Tuan Kiet - Director of Housing CBRE Vietnam - said that the real estate supply in Ho Chi Minh City has improved recently, as many investors have launched new projects and subdivisions, but it has not yet met the great demand of the market as well as balanced the housing segment.

Many key transport projects that are about to be completed will also increase connectivity, which will help expand the choice of supply and projects for urban residents like Ho Chi Minh City. However, it is necessary to continue to remove obstacles, increase land funds, and encourage investors to increase supply, especially in the affordable segment.

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

People learn about the newly launched project in Ho Chi Minh City - Photo: PMH

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

Ms. Duong Thuy Dung - Managing Director of CBRE Vietnam - said that the Government's removal of legal obstacles has helped 86 projects in Ho Chi Minh City (old) to be cleared, and this is the biggest driving force to increase new supply later this year and in 2026.

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

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Source: https://tuoitre.vn/tp-hcm-nguon-cung-nha-o-phuc-hoi-cac-ong-lon-cung-tung-nguon-hang-moi-20251028124200031.htm