Today's real estate landscape saw notable developments in urban planning, logistics infrastructure and industrial property. Ho Chi Minh City is planning a network of logistics hubs at 10 major locations, including Cat Lai, Long Binh, Linh Trung, Hiep Phuoc, Cu Chi, Hoc Mon and Tan Son Nhat Airport. The city has also approved the conversion of more than 15.6 hectares of agricultural land in Binh Trung and Cat Lai for a housing project, while targeting the relocation, demolition and reconstruction of 64 old apartment buildings comprising 8,577 units during the 2026-2030 period. In the North, the first phase of Tay Pho Yen Industrial Park, covering nearly 500 hectares, has been launched in Thai Nguyen. In Quang Tri, the more than 167-hectare U Bo Mountain and Thac Chuoi Lake eco-tourism complex, with total investment exceeding VND16.23 trillion, has also broken ground. At the same time, costs are becoming a major concern as industrial land rents in some areas have risen by more than 1,000%, while requirements for green infrastructure continue to increase.
HCMC Apartment Prices Reach an Average of 91 Million VND/m², Up 36% in Q4 2024 According to Savills Vietnam's 2024 real estate market report , the average price of apartments in Ho Chi Minh City (HCMC) in Q4 2024 reached 91 million VND/m² (excluding taxes and fees), marking a 36% increase from the previous quarter and a 33% increase year-over-year . This is a new record high for the city's apartment segment. Previously, Avison Young Vietnam reported that 90% of the new supply launched in HCMC in the last three months of 2024 was priced between $3,000 - $5,000/m² (approximately 75 - 120 million VND/m²) . Meanwhile, data from OneHousing (a subsidiary of Techcombank) indicated that the average primary sale price in Q4 was about 85 million VND/m² , with nearly 40% of the supply in the luxury segment , priced between 120 - 290 million VND/m² . Reasons Behind the Sharp Price Increase Savills attributed the price surge mainly to the dominance of high-end apartments in the new...