HCM City’s real estate market shows clear signs of revival, with stronger growth in both prices and buyer interest.— VNA/VNS Photo

HCM CITY — Việt Nam’s property market continues to show resilience amid economic volatility, with major cities remaining bright spots.

According to property technology platform Batdongsan.com.vn, Hà Nội, HCM City, Hải Phòng, and Đà Nẵng have demonstrated strong appeal, recording strong price growth throughout the 2021–25 cycle.

The findings were unveiled at the Vietnam Real Estate Market Overview Q3/2025 seminar held online on October 7, which drew strong interest from industry experts, investors and real estate businesses.

Hà Nội led with a 112 per cent increase in property prices over five years, followed by Hải Phòng (71 per cent), Đà Nẵng (53 per cent), and HCM City (42 per cent).

In the central region, Đà Nẵng, after merging with Quảng Nam Province, saw a strong rebound in Q3, with buyer interest up 24 per cent in the former Đà Nẵng and 58 per cent in the former Quảng Nam.

Prices rose by 30 per cent and 32 per cent, respectively, driven mainly by investors from other localities, including Hà Nội and HCM City.

Land and apartment prices in Đà Nẵng have soared by 68 per cent and 50 per cent from Q1/2023.

Hà Nghiệm, director of Batdongsan.com.vn’s Đà Nẵng branch, said land prices remain only slightly above their 2019 peak, meaning there is room for growth.

Hải Phòng has also entered a clear recovery phase.

Nguyễn Thị Ngọc Thương, director of Batdongsan.com.vn’s Hải Phòng branch, said the merger with Hải Dương has made the former city Việt Nam’s third-largest economy, creating a new national growth hub.

It has maintained a 4.6 per cent rental yield, second only to Bắc Ninh, and supply is expanding in the mid- and high-priced segments, she said.

The city’s mega coastal urban model that integrates industry, logistics, housing, seaport, commercial, and service functions under one large-scale administrative structure continues to attract both investors and new residents, paving the way for diverse real estate from industrial and commercial assets to apartments and shophouses, she added.

In Hà Nội, property prices continue to rise this year, though at a slower pace.

Listing prices are up 13 per cent compared with a 39 per cent jump in 2024.

Apartments remain the most active segment, but affordability challenges are emerging, especially in premium districts.

HCM City market

Average apartment prices in the former HCM City, Bình Dương and Bà Rịa-Vũng Tàu. — Source batdongsan.com.vn

HCM City’s real estate market also shows clear signs of revival, with stronger growth in both prices and buyer interest.

Batdongsan.com.vn’s Q3 data shows average listing prices climbed to VNĐ99 million per square metre, the highest in two years, while property searches reached record highs, reflecting expectations of a new growth cycle.

The apartment segment has been most active.

In the former HCM City area, prices averaged VNĐ72 million per sq.m in Q2, up 35 per cent from early 2023. In the former Bình Dương Province, they rose by 30 per cent to VNĐ41 million.

Buyer interest in these two areas increased by 19 per cent and 48 per cent, respectively, signalling real demand.

The erstwhile Bà Rịa–Vũng Tàu Province saw slow growth and declining buyer interest, underscoring the growing divergence among satellite markets.

The land segment in HCM City and Bình Dương has also recovered after several quiet quarters.

Average land prices rose by 6 per cent from the second quarter to VNĐ69 million per square metre in HCM City and 5 per cent to VNĐ21 million in Bình Dương.

“After a period of waiting and observation, HCM City is bouncing back strongly, with improving liquidity driven by both end-user and investment demand,” Đinh Minh Tuấn, southern regional director of Batdongsan.com.vn, said.

In Hà Nội, prices remain high but buyer demand has cooled, with capital still focused on near-central high-end projects, he said.

“This divergence between the two biggest markets reflects a broader national recovery trend.”

Speaking about the prospects for Q4, batdongsan.com.vn said 60 per cent of surveyed agents believe the market will continue to grow, with 17 per cent expecting strong growth, a third anticipating stability, while only 6 per cent are concerned about a potential short-term decline.

The apartment segment is considered the most promising in the next six months, with 36 per cent of respondents expecting a rise, followed by townhouses and land, indicating that capital will continue to focus on real demand and highly liquid segments. — VNS