Southern Ho Chi Minh City leads property supply, new projects priced from $2,700/m²

Southern region accounts for half of the city's apartment supply

According to CBRE Vietnam, a real estate services and market research firm, Ho Chi Minh City is expected to launch around 21,000 apartments this year, with southern areas including former District 7, Nha Be and Binh Chanh accounting for more than 10,000 units, or 50 percent of new supply. 

This marks a notable shift from the period before 2025, when eastern Ho Chi Minh City typically accounted for 60-80 percent of new supply.

The rise in southern supply comes from both newly launched projects and developments restarting after completing legal procedures. 

Apartment prices have also increased. Property investor Hoang Ngoc Dong said average prices had risen from around VND60 million ($2,300) per square meter in 2024-2025 to VND80 million ($3,100) currently. 

New projects are generally priced at VND70 million-95 million ($2,700-$3,700) per square meter.

"While prices are somewhat high, they are in line with current market conditions, given limited and even scarce supply. With infrastructure connectivity improving and construction costs at current levels, buyers with sufficient available capital can still afford to purchase," Dong said.

The entry of major developers has further boosted market activity. 

Trellia Cove at Mizuki Park is offering 817 apartments, while Vlasta Premier Phu Thuan has 738 units. 

Arcadia at Lavila is preparing to launch nearly 900 apartments, while The Peak Garden by Hung Loc Phat is being developed on Nguyen Luong Bang Street.

In Nha Be, TT Capital and Japanese and Singaporean partners have started construction of TT GENESIS, a VND6 trillion ($230 million) project spanning 1.9 hectares and comprising 1,438 apartments and 12 townhouses. Its 2,500-square-meter WOW Center recently opened at the site, attracting more than 1,000 visitors on its first day. 

Boost from major transport projects

Capital is returning to southern Ho Chi Minh City as transport infrastructure improves.

A long-standing bottleneck at the Nguyen Van Linh-Nguyen Huu Tho intersection was eased in early 2025 after the VND830 billion ($32 million) underpass began operating in both directions.

The VND3.7 trillion ($142 million) Nguyen Khoai Bridge began construction in late 2025 and is expected to be completed in 2027, while longer-term plans include Thu Thiem 4 Bridge, Phu My 2 Bridge and Metro Line 4.

A survey by Batdongsan.com.vn, Vietnam's leading online real estate marketplace, found that 67 percent of respondents considered infrastructure planning a major factor in property-buying decisions. Meanwhile, 91 percent of buyers said they were willing to pay 5-10 percent more for properties with better connectivity.

Experts say improved infrastructure could help ease the city's housing supply shortage and make the property market more geographically balanced, while southern HCMC's established amenities and urban land continue to attract homebuyers and investors.