Ho Chi Minh City housing supply surges with over 21,000 units cleared for sale

Legal hurdles cleared, housing supply surges

The Ho Chi Minh City Department of Construction has approved 21,165 homes under construction across 37 projects for sale or lease-purchase so far this year.

The projects have a combined floor area of more than 1.7 million square meters, according to a list recently released by the department.

The number of units was 133 percent higher than the total for all of 2025, when only 26 projects comprising 9,075 units were cleared for sale or lease-purchase.

A representative of property platform Batdongsan.com.vn said the sharp increase in supply largely reflected an accumulation of units from projects launched or under development in recent years.

It was also a result of prolonged efforts by the Ho Chi Minh City authorities to remove legal obstacles facing property projects across the city.

He said the market had been sluggish in recent years but was now regaining momentum, prompting developers to speed up project construction and sales.

Much of the new supply has come from large-scale developments in the former provinces of Binh Duong and Ba Ria-Vung Tau.

Apartments dominate new housing supply

Data released by the Ho Chi Minh City Department of Construction showed that apartment developments accounted for nearly 80 percent of the housing projects brought to market, with 30 projects recorded.

The largest by scale and unit count was The Gio Riverside, also known as the Ngai Thang residential area, in Dong Hoa Ward, formerly part of Binh Duong Province.

Developed by Dong Nam Construction, Business, Services and Trading Co. Ltd., an An Gia subsidiary, the project comprises 2,905 apartments.

The OCC02 project in the Duong Ba Thang Hai urban area, spanning Rach Dua and Phuoc Thang wards, ranked second, with 2,211 apartments approved for sale.

It is being developed by Vung Tau Urban Investment and Development Co. Ltd., a Sun Group subsidiary.

Covering 96 hectares, the Duong Ba Thang Hai urban area is planned to feature a large-scale complex of residential, resort and entertainment facilities, with total investment of nearly VND37 trillion (US$1.41 billion).

Several other projects with more than 1,000 units were also approved for sale, including Bcons Solary in Tan Dong Hiep Ward with 1,451 apartments, Metro Star at 360 Vo Nguyen Giap Street with 1,177 units, Happy One Mori Complex Building with 1,144 units, and a housing development in Cat Lai Ward by Thai Binh Real Estate Trading JSC, or TBLC, with 1,044 units.

The list also included the 340-unit CC1 social housing project, also known as Eco Home 1, in the Ecotown Phu My residential area in Phu My Ward, Ho Chi Minh City.

Ba Ria-Vung Tau Housing Development JSC, or HODECO, the project’s developer, has announced an approved average selling price of VND19.8 million ($756) per square meter.

The price includes value-added tax but excludes the 2 percent maintenance fee.

The selling price adjustment coefficient, or Ki, ranges from 0.9 to 1.1 depending on the location, floor level and specific features of each apartment.