Residential:
Projects currently being implemented in Ho Chi Minh City and neighboring areas are still priced below VND50 million/m2.
In 2024, the high-end and luxury housing segment will account for 80% of the new supply in the Ho Chi Minh City market. With increasingly limited land funds, affordable housing projects are moving to the outskirts of Ho Chi Minh City and neighboring provinces.
3 luxury apartment projects of the 3 “big guys” Masterise Homes, Gamuda Land, Vinhomes in Thu Duc City (Eastern area of Ho Chi Minh City) make a dynamic point in the Eastern real estate market at the end of the year.
Eaton Park phase 2 price rumor is 142 million VND/m2; Masteri Grand View is around 120-140 million VND/m2; Opus One price fluctuates around 72 – 85 million VND/m2.
Located close to each other, Masterise Homes – Masteri Grand View project and Gamuda Land – Eaton Park are constantly being “compared” – better in price, amenities, location, and legality. Meanwhile, Opus One – Vinhome Grand Park is located far from the center of Ho Chi Minh City, thought to have a light price, but the announced price of nearly 100 million VND/m2 surprised many people.
The East of Ho Chi Minh City is becoming the “hottest” battlefield of the luxury apartment market, where only investors with strong financial potential and long-term vision are able to enter the game.
- 60% of sales & customers are interested in information related to Eco Retreat (opening time, products, opening route, investment potential)
- 20% of sales & customers are interested in resort products, branded to Huas because of the reputation of the operatetion brand, they are curious about the brand of Haus
- a series of information about Sun Group resort projects are reaching to Sales & customers through word of mouth
- The public investment market promotes the wave of the suburban real estate market at the beginning of the year
Commercial:
Real estate around Long Thanh airport “heats up” at the end of the year
Real estate in Nhon Trach, Long Thanh (Dong Nai); Ba Ria – Vung Tau… continues to record positive signals at the end of the year, along with the urgent construction progress of a series of large-scale transport infrastructure projects being deployed in the area.
The first commercial flight is expected to take off from Long Thanh airport on September 2, 2026. Therefore, the implementation of connecting projects such as Bien Hoa – Vung Tau expressway, Ho Chi Minh City Ring Road 3, Ben Luc – Long Thanh expressway and many other intra-provincial routes are being thoroughly implemented.
Nhon Trach Bridge (a component project of Ho Chi Minh City Ring Road 3 project phase 1) has also joined two border spans.
The FIATO Airport City apartment project of Thang Long Real Group at the front of Ton Duc Thang, Nhon Trach (Dong Nai) has recently continued to receive attention from buyers when a series of large infrastructure projects around the project are scheduled to be completed
Some land and townhouse projects in Long Thanh (Dong Nai), Ba Ria – Vung Tau are also preparing to offer secondary sales to meet the demand that is expected to increase with the infrastructure wave.
