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Ho Chi Minh City Releases List of 63 Projects Approved for Off-Plan Sales

The Ho Chi Minh City Department of Construction on August 1 published a list of 63 residential projects where developers are eligible to launch off-plan sales prior to construction completion. The list comprises projects that received the necessary approvals in 2025–2026. The publication of the list aims to increase market transparency and allows developers to raise funds from buyers in compliance with Vietnamese law.

Of the 63 projects on the list, 26 were approved in 2025, and another 37 since the beginning of 2026. According to the department, inclusion on the list confirms that a project meets the requirements necessary to begin selling housing under construction, while also providing buyers with additional legal protection.

Projects approved in 2025 provide for the construction of over 12,000 apartments and more than 5,600 low-rise homes. Among the largest are Nam Rach Chiec (2,093 apartments), Elysian (1,322 apartments), and Nhon Duc (1,296 apartments).

The largest source of new supply in the low-rise segment will be the coastal urban project Can Gio, which includes approximately 3,800 homes. Another 856 homes are included in the Saigon Binh An Urban Area project.

Since the beginning of 2026, 37 projects have been added to the list, providing for the construction of more than 18,000 apartments and over 4,800 low-rise homes, villas, and townhouses. The total area of new housing will amount to several million square meters.

The list also includes 214 apartments in the Ben Thanh Quadrangle mixed-use complex in central Ho Chi Minh City, developed by Saigon Glory.

Among the largest projects is the Can Gio urban tourism complex, where thousands of villas and townhouses are planned. After completing the necessary legal procedures, developers obtained the right to launch sales.

The The Gio Riverside project provides for the construction of 2,905 apartments with a total area of about 170,000 sq. m. Berjaya Vietnam's International University Township project includes 3,549 low-rise homes, while The Global City includes several residential towers and 856 low-rise homes. The Duong 3 Thang 2 Urban Area project features 2,211 apartments, as well as hundreds of villas and townhouses.

The list of projects eligible to launch sales also includes Metro Star (1,177 apartments), Happy One Mori Complex Building (1,144 apartments), Cat Lai Thai Binh Apartments (1,044 apartments), Tokyu Binh Duong H5 and H7 (972 apartments), Phuc Dat Tan Uyen Social Housing (936 apartments), Sycamore (517 apartments), and Ly Thuong Kiet Social Housing (755 apartments).

The Department of Construction also reported that most projects are backed by bank guarantees for developer obligations regarding off-plan housing sales. Guaranteeing banks include Techcombank, Vietcombank, BIDV, MB, VPBank, OCB, and Agribank. The involvement of commercial banks is expected to strengthen oversight of fundraising by developers and boost confidence among buyers and investors.

The increase in the number of projects included in the official list reflects a gradual recovery of Ho Chi Minh City's primary housing market following several years of legal restrictions that hampered new project launches. At the same time, expanding supply should help reduce the housing deficit, although high construction and financing costs, according to market participants, will continue to affect price levels. Competition among new projects may nevertheless contribute to more balanced pricing.