According to a report by Batdongsan.com.vn published in April 2025, interest in the apartment segment in Ho Chi Minh City has recovered positively after the Tet holiday. Specifically, in March 2025, apartment searches in Ho Chi Minh City increased by 25% compared to January 2024. This rise in interest is a promising sign for the real estate market, which has also seen a notable increase in prices.
The average price of apartments in Ho Chi Minh City has risen significantly, moving from 49 million VND per square meter in January 2024 to 59 million VND per square meter by March 2025. This price increase is largely attributed to stable demand from genuine homebuyers, indicating a growing confidence in the real estate market as a long-term investment.
While the selling prices of apartments continue to climb, rental prices have remained stable, averaging around 12 million VND per month per apartment. This stability in rental prices has led to a decrease in rental yields, which have now dropped to 3.1% per year. However, some projects in the city still report higher rental yields. For instance, the RichStar project boasts a rental yield of 4.8% per year, while Saigon Intela achieves 4.3% per year.
At the Celadon City project, rental yields range from 3.7% to 4.2% per year, which is above the city’s average, thanks to rental prices that can vary from 13 to 19 million VND per month depending on the apartment size. Furthermore, the Emerald – Celadon City area has seen a price increase of 9.2% compared to the same period last year, demonstrating that urban areas with comprehensive amenities, ample green spaces, and convenient locations near Tan Son Nhat Airport and major transport routes continue to attract both buyers and investors.
Among the districts in Ho Chi Minh City, Tan Phu has emerged as a hotspot for real estate interest. According to Batdongsan.com.vn, Tan Phu recorded the highest growth in apartment searches in the city during March 2025, with a 20% increase compared to the previous month. In contrast, other districts such as District 1, District 3, District 4, and Nha Be saw increases ranging from 12% to 16%.
The rapid growth in Tan Phu can be attributed to the ongoing development of transportation infrastructure, including the second metro line and several large-scale urban projects, which have enhanced the area’s appeal. As interest from buyers and investors continues to grow in the western part of Ho Chi Minh City, the supply of new projects remains relatively limited, particularly in the western and southern districts as well as the city center.
Interestingly, there is a growing demand for apartments in the western areas of Ho Chi Minh City, particularly from foreign customers, including professionals, engineers, pilots, and logistics personnel. These individuals prefer living near Tan Son Nhat Airport for convenience while seeking spacious and well-equipped living environments. With travel times to the city center averaging only 30 to 40 minutes, projects in this region are well-positioned to connect residents to the city’s key economic and commercial areas.
Despite the rising demand for apartments in the western districts, a paradox exists: while interest surges, new supply remains concentrated primarily in the eastern part of the city. This trend reflects a broader urban migration pattern in Ho Chi Minh City and other major cities, where residents increasingly seek greener, more spacious, and quieter living conditions compared to the bustling city center.
The potential for large-scale urban projects in western Ho Chi Minh City is significant, as these developments can offer residents a complete, modern living ecosystem while ensuring convenient access to vital economic centers and infrastructure.
As the real estate market continues to evolve, the focus on enhancing urban living conditions and infrastructure will be crucial in meeting the growing demand from both local and foreign residents. The positive trends in apartment searches and price increases signal a robust recovery in the market, fostering hope for sustained growth in the coming months.
