As the second quarter of 2025 unfolds, the real estate market in Ho Chi Minh City is buzzing with new apartment projects set to launch, promising a diverse selection for potential buyers. According to a report from Batdongsan.com.vn, the volume of apartment searches in March 2025 surged by 13% compared to February, indicating a growing interest in the housing market.
The new supply of apartments primarily originates from new subdivisions within large urban projects, alongside remaining units from previously launched developments. The average selling price of apartments in Ho Chi Minh City ranges from 30 to 60 million VND per square meter, with some premium units priced around 100 million VND per square meter.
Starting at the end of March, developers began kick-off activities and accepting bookings for new sales slated for Q2 2025. One of the major projects, Celadon City, developed by Gamuda Land in Tan Phu district, will launch over 500 new apartments with 2-3 bedrooms. By the date of the sample apartment viewing, Gamuda Land had already received 2,800 bookings, showcasing the project’s popularity. The average price for these new units is set between 70-80 million VND per square meter, with 2-bedroom apartments ranging from 4.9 to 6.6 billion VND, and 3-bedroom apartments from 6.5 to 7.9 billion VND. Notably, Gamuda Land is offering a favorable payment policy, requiring only a 20% down payment (approximately 1 billion VND) to secure a unit, with the remainder payable over 36 months.
Another noteworthy project is Citi Grand in Cat Lai, District 2, which consists of 666 apartments sized between 56-60 square meters. The remaining 200 units are being offered at competitive prices ranging from 44-64 million VND per square meter, allowing buyers to acquire a 2-bedroom apartment for as low as 2.8 billion VND. The payment plan is attractive, requiring only a 10% deposit to sign the contract, with 0% interest financing available.
Eaton Park, also by Gamuda Land, has gained significant traction in the market, featuring 2,000 apartments. Initially launched in April 2024 at prices starting from 120 million VND per square meter, subsequent sales have seen prices rise to an average of 160 million VND per square meter for the latest offerings. Plans for a new sale in tower A4 are underway, with prices rumored to exceed 8,000 USD per square meter.
In addition, The Opus One, the final phase of the Vinhomes Grand Park project, aims to deliver 2,000 apartments and is set to commence handovers in Q1 2026. The first sale saw over 500 units sold within 24 hours, with prices expected to range from 70-85 million VND per square meter.
Another exciting development is The 9 Stellars, a transit-oriented project by Son Kim Land, which features a 21-story tower with 195 apartments. The opening price for these units is projected between 70-80 million VND per square meter, and the project has already attracted substantial interest.
Meanwhile, Masterise Homes is introducing Masteri Grand View, a high-rise project comprising 27 towers along a canal. The first two towers, each 25 stories high, will offer 616 apartments with prices ranging from 100-150 million VND per square meter, expected to be delivered in 2026.
Another notable project is Lancaster Legacy, which has just released a new phase, offering 749 units with prices averaging 230 million VND per square meter. The project is nearing completion and is expected to hand over units within the year.
In the southern region, Khải Hoàn Prime has launched with nearly 1,300 apartments priced at around 48 million VND per square meter, accompanied by various incentives for early payments. The project is strategically located to offer convenient access to major transport routes.
Despite the promising outlook for new apartment projects, the land plot market in the outskirts of Ho Chi Minh City is experiencing significant interest, with search volumes increasing by 31% in March. Advertised prices for land plots have surged, with some areas seeing increases of up to 67% compared to early 2023.
In Quoc Oai district, the price for accessible land plots has risen from 21-23 million VND per square meter to 23-25 million VND per square meter. Additionally, Dong Yen has seen prices increase from 37-41 million VND per square meter to 40-43.5 million VND per square meter.
While the land prices continue to rise, the volume of transactions remains subdued, with many buyers adopting a wait-and-see approach. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, noted that while interest in land plots is high, actual transactions have not surged correspondingly.
Experts attribute this cautious sentiment to the continuous rise in land prices over recent years, prompting potential buyers to hold off until they feel more confident in the market. Additionally, the Vietnam Association of Realtors (VARS) reported that in Q1 2025, the land plot market showed strong price increases, particularly in areas benefiting from ongoing infrastructure projects.
Despite the challenges, the overall sentiment in Ho Chi Minh City’s real estate market remains optimistic as new apartment projects prepare to enter the market. With competitive pricing and favorable payment policies, investors and homebuyers alike have plenty of options to consider.
As the market evolves, many are keeping a close eye on upcoming launches, eager to find their ideal home or investment opportunity in this bustling city.
