STEADY RECOVERY CONTINUES IN HCM CITY HOUSING MARKET

The HCM City real estate market has seen green shoots of recovery and the prospects of new supply amid easier legal procedures and lower bank lending interest rates, according to the Department of Construction.

Luxury apartment buildings in HCM City. —VNA/VNS Photo

HCM CITY — The HCM City real estate market is showing early signs of recovery, with new supply prospects boosted by streamlined legal procedures and lower bank lending rates, according to the Department of Construction.

City authorities have made coordinated efforts to remove obstacles and revive delayed projects.

A report by the department showed that 14 housing projects were approved in the second quarter of the year, including nine commercial, one social and three subject to land use right auctions.

They have a total investment of more than VNĐ15.3 trillion (US$584.3 million).

Three others were granted construction permits and two were allowed to mobilise capital with a total of 1,389 luxury apartments.

The market has gradually recovered after bottoming in 2023, with the bounce back being noticeable since the beginning of 2024, the report showed.

The growth rate might be low but there are positive signs and bright spots.

This year, prices are forecast to increase slightly in some segments without any major movements.

The apartment segment remains the most promising due to high demand and slow rise in supply.

New land, housing and credit policies that took effect last August are expected to continue to have a positive impact on the market in the coming time.

Long-term market prospects are underpinned by legal reforms, transport infrastructure development and the growing middle-class, according to the report.

In the second quarter of this year. the city added 1,600 new apartments, a 38 per cent increase year-on-year, according to Savills Vietnam.

But primary supply was a mere 5,400 units with an absorption rate of 45 per cent.

In the first half, supply was 6,800 units and 3,800 were sold.

Around 8,000 will be launched in the second half, most of them in the mid-priced segment. —VNS

Source: VNS

Related News

MEMBER CORNER / PROMOTIONS

SAFETY IS LIFE – DISCIPLINE IS STRENGTH

At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.

Apr 21, 2026

MEMBER CORNER / PROMOTIONS

DOING BUSINESS WITH CHINA 2.0

As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.

Apr 17, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS

Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026