Knight Frank Vietnam reported that the average price of newly launched apartments in the area of Ho Chi Minh City before the merger was US$4,210, or about 110 million VND per square metre. The figure rose 3% from the previous quarter and 12% from a year earlier. Data platform Biggee also recorded higher prices, with apartments in old Ho Chi Minh City up 1.8% from three months earlier and 12.2% from the end of 2025.
Including the former Binh Duong and Ba Ria-Vung Tau areas, the average primary price reached US$3,754, equivalent to 97.6 million VND per square metre. That figure was 2.3% higher than in the second quarter.
The price gap between areas is linked to the structure of new supply. Most new projects in central Ho Chi Minh City are in the high-end, luxury and ultra-luxury segments. More affordable and mid-range apartments are concentrated in Binh Duong and the former Ba Ria-Vung Tau.
Buyers have become more cautious. They are paying closer attention to location, quality, developer reputation, prices and financial support policies.
New supply also recovered. Developers launched 2,711 apartments in central Ho Chi Minh City in the third quarter, up 29% from the second quarter and 48% from a year earlier. Including Binh Duong and the former Ba Ria-Vung Tau, new supply reached 7,203 apartments. The increase was not large enough to bring down the average price across the region.
Sales also improved from the start of the year. Buyers purchased 7,544 apartments, for an absorption rate of 45%. Old Ho Chi Minh City accounted for 2,493 sales, up 40% from the previous quarter, with an absorption rate of 38%.
Knight Frank Vietnam forecasts that Ho Chi Minh City will receive another 42,593 apartments by the end of 2027. More than half are expected in the city centre, where new supply is likely to remain concentrated in high-end and luxury projects. Binh Duong and the former Ba Ria-Vung Tau are expected to receive more affordable and mid-range homes.
Sources: VnExpress
