New apartment launches priced below VND 50 million (USD 1,910) per square metre are becoming increasingly scarce in Ho Chi Minh City, with property consultancies forecasting further price increases as supply continues to tighten.
Newly launched apartments priced at VND 50 million per square metre are increasingly hard to find in Ho Chi Minh City (Photo: Trinh Nguyen).
Tran Van Long, a resident of Binh Trung Ward, has postponed plans to buy a home after discovering that apartment prices had risen far beyond his expectations. In the city's eastern area, many newly launched projects are now priced at more than VND 120 million (USD 4,580) per square metre. In the former Binh Duong Province, where he had expected to find more affordable options, asking prices have also climbed to VND 50-60 million (USD 1,910-2,290) per square metre.
"I never imagined prices would reach these levels," Long said. He recalled that only a few years ago, apartments in the former Binh Duong Province typically sold for VND 30-40 million (USD 1,150-1,530) per square metre. "Why have housing prices risen so quickly?" he asked.
A survey by Dantri/Dtinews found that only a handful of newly launched residential projects in Ho Chi Minh City are now priced below VND 50 million (USD 1,910) per square metre.
In the former District 9, near Vo Chi Cong Street, one project developed by a northern Vietnamese developer is being marketed at around VND 45 million (USD 1,720) per square metre. However, sales have been limited to selected internal customers rather than the wider market.
The former Binh Duong Province still has a small number of developments below the VND 50 million (USD 1,910) threshold. One project on Nguyen Thi Minh Khai Street in Thuan Giao Ward, developed by a Vietnamese-Japanese joint venture, spans nearly 4.5 hectares and includes six residential towers. Apartments are being offered from around VND 44 million (USD 1,680) per square metre, including VAT.
Another project on Tran Quang Dieu Street in Tan Dong Hiep Ward, comprising nearly 600 apartments, is priced from approximately VND 40 million (USD 1,530) per square metre, including VAT.
Meanwhile, several developments have already crossed the VND 50 million (USD 1,910) per square metre mark. One project in Binh Thang Ward, which launched its first phase at around VND 40 million (USD 1,530) per square metre, is now selling from VND 52 million (USD 1,990) per square metre. Another project in Di An Ward, near Linh Xuan Overpass, is priced from VND 55 million (USD 2,100) per square metre, with a two-bedroom, two-bathroom apartment selling for around VND 3.4 billion (USD 129,800).
According to DKRA Consulting, only eight projects in Ho Chi Minh City were launched below VND 50 million (USD 1,910) per square metre in the second quarter, most of them located in the former Binh Duong Province. A separate report by Avison Young found that just two of the 13 major residential projects launched during the quarter were priced below that level, while the remainder were significantly more expensive.
Data from JLL Vietnam showed that around 3,000 new apartments were launched in Ho Chi Minh City during the first half of 2026, with the eastern area accounting for 70 per cent of new supply. The average primary selling price reached about VND 98 million (USD 3,740) per square metre, almost doubling from a year earlier, with annual growth of nearly 101 per cent.
Avison Young said VND 50 million (USD 1,910) per square metre is rapidly becoming the effective price floor for the city's primary apartment market. Average prices in central Ho Chi Minh City now range between VND 91 million and VND 153 million (USD 3,470-5,840) per square metre, while ultra-luxury projects are approaching VND 470 million (USD 17,940) per square metre. Even in the former Binh Duong Province, typical asking prices have risen to VND 52-75 million (USD 1,990-2,860) per square metre. Only the former Ba Ria-Vung Tau Province still offers a limited number of projects at around VND 47 million (USD 1,790) per square metre, although the most expensive developments there have reached VND 135 million (USD 5,150) per square metre.
Research by the One Mount Group Market Research & Customer Insight Centre also found that the VND 50 million (USD 1,910) per square metre benchmark is steadily disappearing from the market. In the second quarter, the average primary apartment price in central Ho Chi Minh City stood at about VND 103 million (USD 3,930) per square metre, broadly unchanged from the previous quarter. In the former Binh Duong Province, average primary prices rose to around VND 60 million (USD 2,290) per square metre, up 33 per cent year on year.
The research centre expects prices to continue rising over the coming months. Apartment prices in central Ho Chi Minh City are forecast to increase by a further 3-5 per cent compared with last year, while the former Binh Duong Province could see gains of 15-20 per cent, driven by increasing investment from foreign developers and higher construction and finishing standards. As a result, newly launched apartments priced below VND 50 million (USD 1,910) per square metre are expected to become even more difficult to find.
