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Can Tho's property market is experiencing steady growth with prices averaging 69.8 million VND per square meter as of September 2025.
The city's real estate sector has shown consistent momentum over the past five years, driven by infrastructure improvements, policy reforms, and increasing urbanization in Vietnam's Mekong Delta region.If you want to go deeper, you can check our pack of documents related to the real estate market in Vietnam, based on reliable facts and data, not opinions or rumors.
Can Tho's property prices have grown steadily over five years, currently averaging 69.8 million VND per square meter.
The market shows strong fundamentals with 10% annual growth in residential unit sales and competitive rental yields around 3.6-4%.
| Market Indicator | Current Status (2025) | Forecast Trend |
|---|---|---|
| Average Price per sqm | 69.8 million VND ($3,202 USD) | 5-10% annual growth |
| Rental Yield | 3.6-4% annually | Stable to slightly improving |
| Residential Sales Growth | 10% increase in 2024 | Continued upward trend |
| Vacancy Rate | 10-20% (decreasing) | Further decline expected |
| Mortgage Interest Rate | 9.5-10% annually | Slight decrease expected |
| Affordability Ratio | 35-40 years of income | Improving with income growth |
| Population Growth | Steady urbanization | Strong growth next 5-10 years |
What has been the average property price per square meter in Can Tho over the past five years?
Property prices in Can Tho have shown consistent upward movement over the past five years, currently averaging 69.8 million VND per square meter (approximately $3,202 USD) as of September 2025.
The price trajectory has been particularly strong since 2020, with each year recording positive growth. The most significant acceleration occurred in 2024, following major infrastructure improvements including enhanced rail connectivity to Ho Chi Minh City and the implementation of new property law reforms.
Villas and newly equipped residential units have led the price increases, reflecting growing demand for higher-quality housing options in Can Tho. The price growth aligns with national property trends while maintaining Can Tho's position as an affordable alternative to major Vietnamese cities.
Infrastructure developments, particularly the improved transportation links to Ho Chi Minh City, have been key drivers of this price appreciation. The enhanced connectivity has made Can Tho more attractive to both residents and investors from other Vietnamese cities.
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How many residential units were sold in Can Tho last year compared to previous years?
Residential unit sales in Can Tho experienced a notable recovery in 2024, with transaction volumes increasing by approximately 10% compared to 2023.
This growth represents a significant bounce-back in market activity, driven by favorable government policies and the launch of several high-profile residential developments. The momentum has been building consistently since 2022, with year-over-year improvements in both transaction volumes and successful contract completions.
The annual supply of new residential units also grew by 10% in 2024, indicating strong market dynamics and developer confidence in the Can Tho market. This supply increase has been well-absorbed by the market, preventing oversupply issues that have affected other Vietnamese cities.
Notable momentum has come from new developments and improved buyer confidence following infrastructure improvements and policy clarity. The consistent upward trend from 2022-2024 suggests a maturing and stabilizing market environment.
What is the current average rental yield in Can Tho compared to other major Vietnamese cities?
| City | Apartment Rental Yield | Market Comparison |
|---|---|---|
| Can Tho | 3.6-4% annually | Competitive with major cities |
| Ho Chi Minh City | 3.6% annually | Similar to Can Tho |
| Hanoi | 3.7% annually | Slightly higher than Can Tho |
| Binh Duong | 6-7.5% annually | Significantly higher |
| National Average | 3.6-4% annually | Can Tho matches national trends |
How many new residential and commercial projects are planned for Can Tho in the next 2-3 years?
Can Tho has several major residential and commercial projects in the pipeline, with the most significant being the Nam Long II Central Lake development spanning 43.8 hectares.
The overall supply of new developments has increased by at least 10% year-on-year, with substantial growth projected for the next several years. Major residential complexes and commercial centers are being planned to accommodate the city's growing population and economic expansion.
Infrastructure-linked developments are particularly prominent, taking advantage of improved transportation connectivity and government support for urban expansion in the Mekong Delta region. These projects are expected to contribute significantly to the city's housing stock and commercial space availability.
The development pipeline indicates strong developer confidence in Can Tho's long-term growth prospects, with projects designed to serve both local residents and investors from other Vietnamese cities.
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What percentage of property buyers in Can Tho are local versus external investors?
Most property buyers in Can Tho remain local residents, reflecting the city's role as a regional center serving the Mekong Delta population.
However, investor interest from other Vietnamese cities is increasing significantly, fueled by infrastructure improvements, supportive government policies, and attractive project launches. This trend has accelerated since 2024 with the completion of major transportation links.
The growing outside investment interest is particularly evident in new residential developments and commercial properties, where investors see opportunities for both rental income and capital appreciation. Ho Chi Minh City-based investors represent a significant portion of this external interest.
While detailed ratios of local versus out-of-region buyers are not publicly available, market trends clearly show growing outside investment confidence in Can Tho's property market potential.
What is the current mortgage interest rate in Vietnam and how does it affect Can Tho property affordability?
The current mortgage interest rate in Vietnam hovers around 9.5-10% annually as of September 2025, representing a slight decrease over the past two years.
This reduction in mortgage rates has been driven by monetary policy adjustments aimed at improving broader property affordability across Vietnam. The lower rates have made purchasing property in Can Tho more accessible to both local buyers and investors.
The improved affordability has contributed to the 10% increase in residential unit sales observed in 2024. Many first-time homebuyers in Can Tho have benefited from these more favorable lending conditions.
Banks are showing increased willingness to lend for Can Tho properties, viewing the market as stable and growing. This improved credit availability supports continued market growth and development.
What is the current vacancy rate for apartments and commercial spaces in Can Tho?
Vacancy rates for apartments and commercial spaces in Can Tho currently range from 10-20%, showing a mild but consistent decrease throughout 2024.
This improvement in occupancy rates reflects better market absorption and the positive impact of infrastructure expansion on business activity and residential demand. The vacancy rate has gradually declined over the past three years, indicating a tightening market.
Commercial spaces have seen particularly strong absorption due to Can Tho's growing role as a regional business center for the Mekong Delta. New businesses and expanded operations have driven demand for office and retail space.
The declining vacancy trend suggests a healthy balance between supply and demand, supporting both rental yields and property values in the Can Tho market.
How much population growth is forecasted for Can Tho over the next 5-10 years?
Can Tho's population and urbanization are forecasted to grow steadily over the next five to ten years, driven by migration, economic development, and improved connectivity.
Urban expansion and residential project launches suggest a robust rise in housing demand requirements. The city's role as the largest urban center in the Mekong Delta positions it to attract continued migration from rural areas.
Economic development initiatives and improved transportation links to Ho Chi Minh City are expected to accelerate population growth and urbanization. Government plans for regional development prioritize Can Tho as a key growth center.
This population growth directly translates to increased housing demand, supporting continued development and investment in the residential property sector. The growing population also drives demand for commercial and retail spaces.
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We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What is the current average household income in Can Tho and property affordability?
The average monthly household income in Can Tho is approximately 4.2 million VND as of September 2025.
Based on current property prices averaging 69.8 million VND per square meter, it would take approximately 35-40 years of average household income to purchase a typical apartment in Can Tho. This affordability ratio is challenging but reflects the broader Vietnamese property market dynamics.
Income growth in Can Tho has been steady, driven by the city's expanding role as a regional economic center. Government initiatives to develop the Mekong Delta region are creating employment opportunities and supporting wage growth.
The affordability challenge is being addressed through various government housing programs and improved mortgage accessibility, making homeownership more attainable for local residents.
What government policies and infrastructure projects will influence Can Tho's property market?
Key government initiatives driving Can Tho's property market include the new Land Law reforms and major infrastructure projects such as high-speed railway connections.
The improved rail connectivity to Ho Chi Minh City has been a game-changer, reducing travel time and making Can Tho more attractive for both residential and commercial investment. Additional transportation infrastructure improvements are planned for the next five years.
Government policies supporting urban development in the Mekong Delta region specifically target Can Tho as a priority growth center. These initiatives include tax incentives for developers and streamlined approval processes for major projects.
Foreign investment programs are also being enhanced to attract international capital to the region, though direct foreign property ownership remains restricted. These policies are expected to stimulate demand, increase supply, and create a more stable market environment.
What are the main risks investors should consider in Can Tho's property market?
The primary risks for Can Tho property investors include potential oversupply in certain segments, economic slowdowns, and environmental challenges unique to the Mekong Delta region.
Flooding represents a significant environmental risk due to Can Tho's location in the Mekong Delta, where seasonal flooding and climate change impacts can affect property values and habitability. Investors must carefully evaluate flood-prone areas and flood management systems.
Economic risks include potential slowdowns in Vietnam's overall economic growth, which could reduce demand for property investments. Currency fluctuation risks also affect international investors considering Can Tho properties.
Market-specific risks include possible oversupply if too many developments come online simultaneously, potentially affecting both sale prices and rental yields. Project location and long-term viability assessments remain crucial for successful investments.
Regulatory changes in Vietnamese property law could also impact foreign investment access and ownership structures, requiring ongoing monitoring of legal developments.
What is the expert consensus forecast for Can Tho property price growth over the next 3-5 years?
Experts forecast Can Tho property prices to increase by 5-10% per year over the next three to five years, supported by policy changes, infrastructure improvements, and consistent demand.
The positive outlook is based on several factors including continued urbanization, improved connectivity, and government support for regional development. Infrastructure projects, particularly transportation improvements, are expected to drive sustained demand.
Some analysts see potential for higher growth rates if outside investment accelerates and urbanization proceeds faster than currently projected. The completion of major infrastructure projects could trigger above-average price appreciation.
The consensus view emphasizes Can Tho's advantages as an emerging secondary city with strong fundamentals, reasonable affordability compared to major Vietnamese cities, and significant development potential in the Mekong Delta region.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Can Tho's property market presents compelling opportunities for both investors and residents seeking alternatives to Vietnam's more expensive major cities.
The combination of steady price growth, improving infrastructure, and government support creates a positive environment for property investment, though investors should carefully consider local risks including environmental factors.
Sources
- BambooRoutes - Can Tho Real Estate Market Analysis
- Vietnam Real Estate - Can Tho Property Market
- Fazwaz - Can Tho Properties for Sale
- Vietnam.vn - Rental Yields Comparison
- Numbeo - Vietnam Cities Property Investment Comparison
- VN Economy - Property Price Trends
- Numbeo - Can Tho Property Investment Data
- Swiss Development Cooperation - Can Tho Market Assessment