HCMC – HCMC has approved a new land price table to be applied from January 1, 2026, under which residential land prices will rise in many areas, with the sharpest increases recorded in former Binh Duong Province, where prices in some locations are more than eight times higher than before.
On December 26, the HCMC People’s Council passed a resolution issuing the new land price table, which will be applied uniformly across the city following the merger of HCMC, Binh Duong and Ba Ria–Vung Tau. This is the first unified land price framework for the expanded city.
Under the new table, land prices in the core areas of former HCMC have risen only slightly, while stronger adjustments are seen in fast-growing localities of former Binh Duong and Ba Ria–Vung Tau provinces.
In the former HCMC area, residential land prices have been adjusted by a factor of one to 1.65 times compared to the 2024 table. The highest prices remain at around VND687 million per square meter on central streets such as Dong Khoi, Nguyen Hue and Le Loi, largely unchanged. The lowest level is about VND2.3 million per square meter in Thieng Lieng area. Overall, prices in the urban core are broadly stable, with some production land prices even reduced to support investment attraction.
The municipal government said land prices in the city center have already been aligned closely with market levels in recent years, leaving limited room for further increases. Moderate adjustments are intended to curb impacts on living costs and business activities.
In contrast, the former Binh Duong area has seen the strongest upward revisions, with residential land prices rising one to eight times compared to the 2024 table. On District Road DH.505, the section from Le Trang Bridge to District Road DH.507, prices increased from VND780,000 to VND6.3 million per square meter. The highest residential land prices after adjustment reach nearly VND90 million per square meter on central roads such as Bac Si Yersin and Bach Dang.
According to the HCMC government, Binh Duong’s previous land price table was far below actual transaction prices, in some cases more than ten times lower, causing difficulties in compensation and the determination of land-related financial obligations. The strong adjustment is aimed at narrowing this gap.
In the former Ba Ria–Vung Tau area, residential land prices have increased by factors of 1.7 to four times, with the highest levels—nearly VND150 million per square meter—recorded on central coastal roads such as Thuy Van Street. Prices in rural and remote areas remain at just a few million dong per square meter.
Agricultural land prices have also been revised up to better protect land users’ interests in cases of state land recovery. Prices for annual cropland are set at VND1.2 million per square meter in the former HCMC area and VND1 million per square meter in the former Binh Duong area, while perennial cropland prices are VND1.44 million and VND1.2 million per square meter, respectively.
The new land price table is expected to raise compensation levels closer to market prices, while increasing land-related financial obligations. While land revenues for the budget are projected to rise, land clearance costs for public investment projects will also increase. The city government said the land price table will be reviewed and adjusted annually in line with market developments.
