Ho Chi Minh City new luxury apartment supply down 26.7% to 1,338 units in Q1

New supply was mainly from major integrated developments.

Ho Chi Minh City's high-end apartment market recorded strong demand in the first quarter of 2026, supported by robust pre-sales activity at major township developments, according to JLL.

The market registered 1,447 successful transactions during the quarter, largely driven by premium projects in eastern Ho Chi Minh City. JLL said activity was anchored by the launch of Lumiere Midtown at The Global City and a new phase of The Beverly Opus One within Vinhomes Grand Park, with most transactions occurring in the luxury segment at prices ranging from USD4,500 to USD5,500 per sqm.

New supply totalled 1,338 units in Q1, down 26.7% from the previous quarter. JLL attributed the decline largely to seasonal Lunar New Year factors, with developers focusing on marketing initiatives ahead of planned second-quarter launches.

Pricing continued to strengthen across both primary and secondary markets. Primary prices rose 2.0% quarter-on-quarter and 1.9% year-on-year to USD5,202 per sqm, while secondary prices increased 3.0% quarter-on-quarter and 9.8% year-on-year as new projects established higher market benchmarks.

Looking ahead, JLL expects between 9,000 and 9,300 new high-end apartment units to be launched in 2026, led by major developers including VinGroup and Masterise Group. However, the consultancy cautioned that geopolitical uncertainty, rising interest rates and persistent inflationary pressures could temper demand from both investors and owner-occupiers as the year progresses.