Ho Chi Minh City MarketBeat

In Q1 2025, Vietnam's GDP is estimated to increase by 6.93% year-on-year, with growth observed in agriculture, industry, and services sectors. Nearly US$11 billion in foreign direct investment was attracted.

Residential Market: In Q1 2025, Ho Chi Minh City launched 2,392 new apartments, down 12% quarter-on-quarter. The supply mainly focused on high-end and luxury segments, with the Eastern area leading in new supply. Apartment prices continued to rise by nearly 28% compared to the end of 2024. The landed property market recorded 120 new transactions, up nearly 50% from the previous quarter, with an average primary selling price of US$11,978/m².

Retail Market: At the beginning of 2025, Ho Chi Minh City welcomed an additional 15,000 m² of retail space from Centre Mall in District 6, increasing the total supply to 1.2 million m², up 1.27% quarter-on-quarter and 11.43% year-on-year. The average rent recorded a slight increase of 1.42% quarter-on-quarter, despite a 4.43% decrease year-on-year.

Office Market: In Q1 2025, the total office supply in Ho Chi Minh City reached 1,639,226 m², with nearly 5,000 m² added from new supply near the airport. The occupancy rate for Grade A offices reached 89.35%, and Grade B offices reached 89.96%. The average rent for Grade A offices was US$54.05/m²/month and for Grade B offices was US$34.17/m²/month.

Industrial Park: In Q1 2025, the total industrial land supply remained stable at 28,500 hectares, with no change from the previous quarter. The average rent for industrial land increased slightly by 3.51% year-on-year, reaching US$177/m²/lease term. Demand for industrial land and ready-built factories continued to grow strongly.

The MarketBeat report analyzes economic and commercial real estate activities, including supply, demand, pricing trends, and development prospects for each market segment.

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