Ho Chi Minh City to see up to 5,500 new high-end apartments in 2025

There are several projects coming from prominent developers.

About 5,000 to 5,500 High-end Apartments are expected to enter the Ho Chi Minh residential market in 2025, said JLL in a report. Infrastructure developments being accelerated such as An Phu interchange and Ring Road 3 will be the market driver this year.

“Future supply will continue to come from prominent developers in the market, with anticipated projects such as The Galidia (Keppel Land), The Global City (Masterise Group), and Lancaster Legacy (Trung Thuy),” the report added.

Here’s more from JLL:

High-end Apartment market recorded about 739 successful transactions in Q2 2025, significantly improving compared to Q1 2025 (118 transactions). Demand primarily came from absorption of new supply launched during the quarter.

The Luxury segment, mainly in the Eastern area, accounted for a large proportion. Additionally, projects with positive construction progress also recorded good absorption, notably the D-Homme project (DHA Corp.) which began handing over units to customers during the quarter.

New supply shows strong improvement compared to the previous quarter, with the majority come from domestic developers

In Q2 2025, the High-end Apartment market welcomed 898 new units, mainly from Opus One, a Luxury segment project within the Vinhomes Grand Park township (Thu Duc). Soft-launch activities in Eastern projects were also actively implemented, especially Lumiere Mid-town with over 800 apartments in the next phase of The Global City (Masterise).

Notably, most new projects in the quarter were developed by domestic companies, while foreign investors are showing caution amid many changes in Vietnam’s administrative system.

Primary prices decreased slightly as new supply was located farther, while secondary prices maintained stable growth momentum

Primary selling prices in the High-end apartment market recorded a slight decrease of 0.6% q-o-q and an increase of 1.6% y-o-y, reaching USD 5,076 USD p.s.m. The quarterly price decline was due to new projects located far from the city center such as Opus One (Thu Duc), with more competitive pricing. Meanwhile, most other primary projects recorded stable price growth of 1.0-3.0% q-o-q per project.

Secondary selling prices grew steadily at 1.7% q-o-q and 9.4% y-o-y, showing stable demand from homebuyers for the apartment segment.