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Update news hcm city's real estate market
Ho Chi Minh City’s apartment supply is expected to exceed 40,000 units by 2027, with Thu Duc city accounting for half, according to Savills Vietnam.
2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.
Despite being ranked among the world's priciest retail streets, actual rental prices on Dong Khoi Street in HCM City are significantly lower than global assessments, with many vacant properties struggling to find tenants.
With luxury apartment prices hitting record highs, Ho Chi Minh City's property market is witnessing an influx of high-end developments, signaling renewed investor confidence.
The exceptional performance of the HCM City office market reinforced the city’s status as a premier destination for both local and international corporations seeking strategic growth opportunities in Southeast Asia.
A recent survey shows that 33.7% of households in Ho Chi Minh City do not have the financial ability to renovate or purchase a home in the next five years, highlighting challenges in urban housing affordability.
This weekend, Gamuda Land, one of Southeast Asia’s premier property developers, unveiled the Alpine and Forest Towers at its flagship Eaton Park development in Ho Chi Minh City.
The apartment shortage in HCM City explains why apartment prices keep rising. Affordable products can be found only in the suburbs or neighboring provinces.
Dong Khoi Street in HCM City, the country’s most expensive retail destination, ranks 14th globally, according to a report by Cushman & Wakefield.
As many as 1,051 real estate firms in HCM City registered their establishment in the first nine months of the year, and more than 1,600 successful transactions were reported in the last three months.
HCM City authorities are considering a ban on land subdivisions for sale in five outlying districts in an effort to combat land speculation amid rising urbansation in these areas.
After three months of collecting and analyzing opinions, the HCM City People’s Committee has officially released a new land price framework. The sharpest land price increase is 25 percent.
Under the adjusted land price framework, expected to be applied in HCM City from now to the end of 2025, the prices of agricultural land in some areas could increase by 35 times.
Real estate revenue in Ho Chi Minh City reached 173 trillion VND (over 7 billion USD) in the first eight months of the year, up 6.1% year-on-year, according to the HCM City Statistics Office.
Real estate revenue in HCM City reached VNĐ173 trillion (US$7 billion) in the first eight months of the year, up 6.1 per cent year-on-year, according to the HCM City Statistics Office.
In response to evolving real estate dynamics, Ho Chi Minh City is poised to adjust its land pricing framework.
With its prime location and loyal customer base, the closure of Starbucks Reserve Han Thuyen in Ho Chi Minh City has sparked questions about the role of high rent and other possible reasons behind the move.
Currently, local authorities are applying the land price framework adjusted according to the 2024 Land Law, the Department of Natural Resources and the Environment said.
From 2015 to 2023, Ho Chi Minh City's real estate market experienced significant growth, with luxury apartments and land plots seeing the highest price increases.
At least 18,000 resettlement apartments in Hanoi and HCMC are unoccupied, leading to annual maintenance costs of hundreds of billions of Vietnamese dong, according to the Vietnam Association of Realtors (VARS).