In 2025, residential projects that are open for sale remain the most sought-after, with good absorption rates, although the speed of sales has slowed. The apartment segment continues to dominate liquidity in the market. Housing demand, especially for investment purposes, is shifting to suburban areas and provinces where there is convenient transportation access to the city center, but at much more favorable prices.
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The Vietnam Real Estate Brokerage Association (VARS) believes that the Vietnamese real estate market has overcome the most difficult period, with supply beginning to increase after many projects have had their difficulties resolved. New housing projects, especially in the apartment segment, have seen impressive absorption rates.
HO CHI MINH CITY REAL ESTATE BEGINS TO RECOVER FROM Q4 2024
As the government has been in continuous direct dialogue with real estate businesses to find practical solutions to remove existing difficulties, the operation of the first metro line has had a significant impact on property prices across most segments in Ho Chi Minh City. Projects along Metro Line 1, such as Masteri Thao Dien, An Phu, Gateway Thao Dien, Vinhomes Golden River, and Estella Heights… have seen price increases of 40-50% compared to two years ago. However, despite the price increase, the number of properties for sale remains very limited. People are beginning to realize the convenience of the metro line, so few are willing to sell their properties.
New projects in the Thủ Thiêm area, such as The Metropole Thủ Thiêm, Empire City, Zeit Thủ Thiêm, and The River, have all seen price increases. This is partly due to the overall market trend and partly because many public works in Thủ Thiêm have been approved, increasing the overall value of the area. Particularly after the completion of Thủ Thiêm 2 Bridge, connecting Thủ Thiêm and District 1, the location has become even more attractive. Additionally, the city plans to build a pedestrian bridge linking Thủ Thiêm with Nguyen Hue Walking Street (near Bitexco) and Thủ Thiêm 4 Bridge connecting Thủ Thiêm and District 7 (Phu My Hung).
The launch of The Metropole Thủ Thiêm Phase 4, called The Opusk (only 192 units), with prices ranging from $12,000 to $14,000 per m² and 100% sold out on the opening day, made a significant impact on the Ho Chi Minh City real estate market. This shows that the demand for high-end properties is still very strong, and finding a project in a prime location with real luxury quality and large areas like in Thủ Thiêm is extremely rare. As a result, subsequent projects in Thủ Thiêm are predicted to have prices starting from $12,000 per square meter onward.
Therefore, homebuyers and investors are trending towards areas located around 10 km from the center, where there is convenient transportation to the city center but new project prices are only about 50% of those in the central areas, with payment based on construction progress. Large-scale projects are increasingly attracting buyers, not only due to the convenience of amenities when completed but also because these large projects will have multiple phases, with each phase seeing some price adjustments by developers. This creates room for good growth in the medium and long term. If investors participate in the first sales phases, they are likely to get the best prices and higher investment opportunities.
POTENTIAL PROJECTS FOR 2025
In the Ho Chi Minh City property market, projects meeting criteria such as convenient location, reputable developers, large-scale, and high development potential include The Global City, which is a promising choice for sustainable investment. This mixed-use project includes commercial centers, high-rise apartments, townhouses, international schools at all levels, and a hospital within the project itself, surrounded by the cool Saigon River branches. It is only 9 km from the new financial and economic center in Thủ Thiêm and less than 2 km from the South Rạch Chiếc Sports Center, which is expected to host many major sports events.
Notably, the project has direct access from the Long Thanh – Dau Giay expressway, which is the only expressway connecting Ho Chi Minh City to the Long Thanh New International Airport, where all international flights will be redirected, replacing Tan Son Nhat Airport. The direct connection to this vital expressway is highly promising, increasing the flow of people passing through The Global City significantly. Any international visitors traveling to southern Vietnam will pass through The Global City.
Also within the nearly 500-hectare land cluster near The Global City, Eaton Park, developed by Malaysian developer Gamuda Land, is another good option for 2025. Although its scale is smaller than The Global City, Eaton Park is close to existing amenities in the area, such as international schools in Thảo Điền and the Estella Palace shopping center.
With the limited supply and high prices in central areas like District 1 and Thủ Thiêm, projects like The Global City and Eaton Park are positioned to dominate the high-end real estate market in Ho Chi Minh City.
For more detailed information about the projects and to schedule a visit, please contact Helen at Whatsapp +84906741539 or email Helen.nguyen@era.com.vn.
