HCMC Apartment Prices Triple Over the Past Decade 

Apartment prices in downtown Ho Chi Minh City have nearly tripled over the past ten years, driven by sustained demand and limited new supply, according to a report by property listing platform Batdongsan. 

The average price rose from VND31 million (US$1,175) per square metre in 2015 to VND92 million this year. This appreciation trails only land prices, which surged 4.8 times over the same period. 

In the third quarter, the average price in District 1—the city’s most expensive area—reached VND413 million per square metre. Newly launched units are priced between VND200 million and VND500 million, with annual growth of 10–30%. 

Hanoi Apartment Market Cools, Flippers Struggle 

Meanwhile, Hanoi’s apartment market is facing a slowdown. Speculators are finding it difficult to sell units even after lowering prices, as buyers hold out for more affordable options amid an increase in new supply.

This contrasts sharply with just three months ago, when newly launched apartments were quickly snapped up by eager buyers.