In the first quarter of 2026, the Ho Chi Minh City real estate market continued its growth: the average cost of apartments in central districts increased by 11.8% year-on-year, reaching 107 million VND per square meter (approximately $4,060). This is according to a report by the consulting company Knight Frank.
If considering the expanded city boundaries after the merger with Binh Duong and Ba Ria-Vung Tau provinces, the average price across the metropolis was about 97 million VND ($3,680) per sq. m.
The price increase is largely due to the prevalence of the luxury housing segment and infrastructure development. In the central part of Ho Chi Minh City, only 820 new properties entered the primary market, with almost 90% of the offerings being business and premium class projects.
Even in the districts of Binh Duong and Ba Ria-Vung Tau, which became part of Ho Chi Minh City in July of last year, prices in the primary market rose to 60 million VND per square meter. Offerings cheaper than 40 million VND are practically non-existent.
At the same time, the main new supply in the mid-range and affordable segments is concentrated in these districts. However, its volume is still insufficient to have a noticeable impact on average city prices.
Infrastructure development provides additional support to the market: new transport projects improve the connectivity of districts and contribute to the growth of real estate value.
At the same time, the price increase is beginning to affect liquidity. According to Knight Frank Vietnam, more than 5,000 transactions were concluded in the first quarter, which is 129% more year-on-year, but 66% less compared to the fourth quarter of 2025.
As Alex Crane, Managing Director of Knight Frank Vietnam, noted, land in the city center is becoming less and less, it is becoming more expensive, and construction costs are rising, so new supply will inevitably be focused on the luxury segment.
It is expected that about 50,000 new apartments will appear in Ho Chi Minh City by 2027, with the main volume falling on high-end projects, while affordable housing will shift beyond the central districts.