HCMC – Despite a growing inventory, property prices in major cities have continued to climb, according to recent data from the Ministry of Construction.
In the third quarter, unsold properties surged by 52% to over 25,900 units, including nearly 4,700 condos, 12,250 detached houses, and 9,000 land lots—a notable increase from the previous quarter’s 17,100 units.
However, prices in key urban areas such as Hanoi City and HCMC continued to trend upward. Condo prices in both cities saw quarterly increases of 4-6% and annual gains of 22-25%. In certain areas, prices picked up even more sharply, at 35-40%.
In Hanoi, villa and townhouse prices remained on an upward trend, especially in areas benefiting from infrastructure development. New projects in these regions are commanding premium prices in the primary market.
In the secondary market, land-attached housing in Hanoi averaged VND160 million per square meter in the third quarter, up by 3% from the previous quarter and 7% from the same period last year.
In contrast, HCMC’s real estate market shows a more mixed picture. Properties under VND10 billion are performing well, but high-end properties have seen price drops, with larger units dropping 14% from the previous quarter and 28% year-on-year.
Meanwhile, suburban projects with prices below the city average are attracting more buyers, indicating a shift toward affordable housing options.
