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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.  Discover more here:Download Now!

Written by Dustin Trung Nyugen, Head of Vietnam  Apartment prices in Hanoi have surged sharply over the past decade, with values now exceeding VND100 million (US$3,786) per sqm across several major projects. Some developments have seen prices rise more than 2.5 times since launch, and year-on-year gains remain substantial, including 39% at Royal City, 36% at Park View City, 32% at Hinode City, and 29% at Times City. This rapid appreciation has firmly established VND100 million per sqm as the new benchmark for mid- to high-tier apartments in the capital.  In Ho Chi Minh City, the trend is even more pronounced. More than 50% of the 5,500 units launched last quarter were priced at or above VND100 million (US$3,800) per sqm, reinforcing the dominance of the high-end segment. Average prices in HCMC climbed 21% to VND96 million per sqm, with surrounding provinces Ba Ria–Vung Tau and Binh Duong showing similar upward momentum after being merged administratively with the city. Together, these developments indicate a sustained upward trajectory for Vietnam’s residential market, driven by strong demand and limited supply in key urban centres. For more countries updates:Download Now!

Written by Dustin Trung Nyugen, Head of IQI Vietnam Housing Prices Surge Amid Cost Pressures and Supply Bottlenecks; Government Eyes Reform  Vietnam’s housing market continues to grapple with relentless price increases, fueled by rising land costs, material expenses, and extended approval timelines. Industry experts cite high development costs and premium segment focus as key contributors, with some projects taking up to a decade to secure full licensing—driving prices even higher. Developers’ pursuit of large profits further inflates prices, pushing affordability further out of reach for average citizens.  In response, Prime Minister Pham Minh Chinh has called for tighter regulation to curb speculation, enhance market transparency, and accelerate the development of affordable housing. Vietnam aims to complete over 100,000 social housing units by the end of 2025. Key initiatives include diversifying housing supply, expanding rental and worker housing, and mobilizing all sectors to invest in socially inclusive housing under market-driven frameworks. These reforms are critical to ensuring a more balanced, accessible, and sustainable real estate landscape in the years ahead.  Discover more country insights here!Download

written by DUSTIN TRUNG NGUYEN, Head of IQI Vietnam Vietnam’s real estate sector is increasingly attracting foreign investors through mergers and acquisitions (M&A), driven by economic recovery and rising demand.  The first half of 2025 saw a number of notable foreign-led transactions. These include CapitaLand’s US$553 million acquisition of a project from Becamex IDC; the partnership of Sumitomo Forestry, Kumagai Gumi and NTT Urban Development with Kim Oanh Group to develop The One World project; and Nishi Nippon Railroad’s purchase of a 25% stake in Nam Long’s Paragon Dai Phuoc project.  HCMC apartment prices are increasingly approaching, and in some cases surpassing, single-family homes.  An 85-square-meter unit at The Metropole in the eastern ward of An Khanh, is being sold at VND130-180 million (US$4,925-6,820) per square meter. An 80-square-meter private house with one ground floor and two upper stories in nearby Thao Dien Ward only costs VND150 million per square meter.  Other nearby apartments such as The Privé, Eaton Park and Lumière Midtown are selling at VND130–250 million, higher than the VND110–200 million range of landed houses within a two-kilometer radius.  For more countries updateDownload Now!