In a dynamic shift for Ho Chi Minh City’s real estate sector, JLL projects the introduction of an impressive 5,500 to 6,000 high-end apartments and around 1,300 RBL (residential building lot) units by 2025. This surge is anticipated following significant infrastructure completions and the city’s proactive measures to address legal bottlenecks affecting 22 pivotal projects.
Despite being primarily characterized by high-end residential offerings, the report hints that more affordable housing projects are on the horizon, particularly in the outer districts of the city. JLL notes that attractive sales strategies are likely to propel buyer interest, a welcome development for those longing for more budget-friendly options.
During the first quarter of 2025, Ho Chi Minh City saw a mere 118 transactions in the high-end apartment market. The excitement, however, is palpable with soft launches from reputable developers such as Eaton Park and Lancaster Legacy anticipated to attract eager buyers.
In the RBL sector, just 29 transactions were logged, yet Phase 2 of L’Arcade shone brightly with all units sold. The limited primary inventory remains a hurdle, presenting high unit values that pose access challenges for many potential buyers.
The supply of high-end apartments showcased limited growth in Q1 2025, introducing only 82 new launches, including Kieu by Kita in the CBD fringe. Activity remains vibrant ahead of several large-scale project launches in Q2, with developers collaborating with distribution agents to maximize reach for upcoming ventures such as The Global City’s Sola by Masterise Homes and Keppel’s FORESTA by Khang Dien.
Price trends are also noteworthy, with the primary cost for high-end apartments increasing by 2.0% quarter-on-quarter to USD 5,104 per square meter. This uptick is bolstered by the handover of 630 units from the ultra-luxury Grand Marina, which saw completed-home prices jump by 5.7% quarter-on-quarter, now standing at USD 3,866 per square meter. Even in the landed property market, primary prices climbed 1.4% quarter-on-quarter and 6.6% year-on-year, illustrating sustained investor confidence.
What type of housing projects are expected to emerge in Ho Chi Minh City by 2025?
JLL anticipates a mix of high-end apartments and an important influx of more affordable housing options, especially in the outer districts, to cater to diverse buyer needs.
How did the high-end apartment market perform in Q1 2025?
The market recorded only 118 successful transactions, though interest remains healthy with exciting upcoming launches like Eaton Park and Lancaster Legacy drawing attention.
What factors are driving price increases in Ho Chi Minh City’s real estate market?
The price growth is largely attributed to the completion of high-end projects like Grand Marina, driving up overall completed-home prices and reflecting strong investor confidence in both high-end and landed property segments.
