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What will happen in Ho Chi Minh City’s real estate market? Will prices go up or down? Is District 2 still a hotspot for foreign investors? How is Vietnam’s government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who buy properties in Ho Chi Minh City, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
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3) Property demand and prices in District 9 will rise as it becomes a tech professional hotspot
District 9 is quickly becoming a prime destination for tech professionals, pushing up property demand and prices.
In recent years, there's been a surge in investment in tech infrastructure, notably with the HCM City Science and Technology Park. This park is strategically located near the Saigon Hi-Tech Park and is poised to attract innovative projects in fields like robotics, 3D printing, and blockchain.
The Saigon Hi-Tech Park isn't just about tech companies anymore; it's now a hub for research and development, aligning with the city's vision to enhance its hi-tech industries. This is part of a larger government plan to create a tech zone, often dubbed the 'Silicon Valley of Vietnam,' which prominently includes District 9.
These initiatives are expected to generate a plethora of job opportunities in the tech sector, drawing more professionals to the area. Real estate agents have noticed a spike in interest from tech professionals eager to relocate to District 9, likely due to its burgeoning reputation as a tech hub.
The property market in District 9 is buzzing, with rising transaction volumes and increasing property prices. Improved transportation links and the presence of educational institutions in nearby Thu Duc District add to the area's allure for tech professionals.
Sources: Disruptive Tech News, Tech Wire Asia, FazWaz
4) More young families will move to District 12 for affordable homes and a family-friendly atmosphere
Young families are flocking to District 12 for its affordable housing and family-friendly vibe.
In 2023, while central Ho Chi Minh City saw property prices soar to 80-200 million VND per square meter, District 12 offered a more budget-friendly range of 30-60 million VND. This price gap makes it a no-brainer for families looking to settle down without breaking the bank.
Getting around is a breeze here, thanks to District 12's upgraded public transport system. This means easier commutes and better access to the rest of the city, a huge win for families juggling work and school runs.
Space is another big draw. Unlike the cramped quarters in urban areas, District 12 offers larger living spaces, perfect for families who need room to grow and play.
Surveys highlight that young families are leaning towards suburban life for its better living conditions and affordability. District 12 shines with its enhanced public services, boasting improved schools and healthcare facilities that make it a top pick for families.
Sources: VietnamNet, Asian Development Bank, McKinsey, VietnamPlus
5) Demand for modern, compact living spaces in District 4 will grow as young professionals move in
The influx of young professionals in District 4 is reshaping the housing market.
With a surge of 36,200 well-educated job seekers moving in, many holding advanced degrees, the area is buzzing with new energy. This wave of talent is not just looking for jobs; they are seeking homes that match their modern lifestyles.
The rental scene in District 4 is lively, offering over 240 properties with a median rent of 16,000,000 VND. Young professionals are flocking here for the modern amenities and the flexibility of co-working spaces like The Sentry C and UPGen Bach Khoa HCM, which cater to their dynamic work habits.
In the real estate market, there's a clear trend: young professionals, especially those in IT and engineering, are opting for compact living spaces. Studio apartments, with an average rent of 16,300,000 VND, are particularly popular, reflecting their preference for efficiency and style.
These professionals are not just changing where they live but how they live, favoring locations that offer both convenience and community. The demand for smaller, modern spaces is a direct response to their fast-paced, urban lifestyles.
Sources: Vietnam Plus, FazWaz, The Sentry
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6) Demand for eco-friendly homes in District 2 will grow as sustainable living becomes more popular
There's a growing trend towards sustainable living that's set to boost demand for eco-friendly homes in District 2.
In 2023 and 2024, surveys revealed that over 90% of Vietnamese consumers were willing to pay extra for products made with sustainable materials. This shows a strong preference for eco-friendly options, especially in urban areas like District 2, where people are increasingly conscious of their environmental impact.
Vietnam is seeing a rise in green building certifications, with the government pushing to certify more by 2025. This effort is backed by policies and incentives promoting green construction, which have been in place since 2019. These initiatives are making it easier for developers to embrace sustainable practices.
In District 2, real estate developers like The Nexus are focusing on green projects, indicating a growing market for eco-friendly homes. These developers are not just responding to consumer demand but also to the increasing awareness of environmental issues, which are frequently highlighted in the media.
Government support and consumer interest are creating a perfect storm for the rise of eco-friendly homes. The push for sustainability is not just a trend but a significant shift in how people want to live, especially in areas like District 2.
As more people look for homes that align with their values, the demand for properties with sustainable features is expected to grow. This shift is not just about being eco-friendly; it's about creating a lifestyle that supports long-term environmental health.
Sources: Vietnam Briefing, Constructive Voices, Maison Office
7) Demand for rentals near universities in District 3 will grow as the student population increases
The growing student population in District 3 is set to boost demand for rental properties near universities.
With universities like the University of Economics in Ho Chi Minh City enrolling over 52,000 students, the need for nearby housing is on the rise. The city is keen on improving education quality, which means more students are flocking to the area.
There's also a big push to bring in international students. Programs like the CityU partnership with UEH are designed to attract students from abroad, which will likely increase the demand for housing even more.
Reports are already highlighting housing shortages for students in District 3, making it clear that more rental properties are needed. The city's ambitious plan to build thousands of new classrooms by 2025 is a sign of a growing student population.
As more students arrive, the demand for housing close to educational institutions will naturally go up. This trend is particularly noticeable around universities, where students prefer to live nearby for convenience.
Investors looking at District 3 should consider these factors, as the student influx is a key driver for the rental market. The combination of local and international students is creating a vibrant demand for housing.
Sources: VietnamNet, CityU, VnExpress
8) Young professionals will be drawn to District 4 as co-living spaces become more popular
Co-living spaces are drawing young professionals to District 4 for a variety of reasons.
In Ho Chi Minh City, there's a noticeable demand for affordable housing, especially among young professionals. In 2024, only 18% of the primary housing supply was priced under VND 3 billion, and these options were mostly located far from the city center. This scarcity makes co-living spaces an attractive alternative.
Rental prices in central districts have been climbing, making traditional housing less accessible. In 2023, rental prices increased by 3% year-on-year, pushing residents to explore other living arrangements. Co-living spaces offer a more budget-friendly option, which is appealing to young professionals who are mindful of their expenses.
Globally and in Vietnam, co-living spaces are gaining popularity. They provide shared amenities and foster a sense of community, which surveys indicate are preferred by young professionals. These spaces also offer networking opportunities, making them attractive to those who value flexibility and social interaction.
In District 4, the rise of co-living spaces is particularly notable. This area is becoming a hub for young professionals who are drawn to the vibrant community and the chance to connect with like-minded individuals. The trend is reshaping the residential landscape, offering a modern solution to the housing challenges faced by many in the city.
Sources: Savills, Vietnam.vn, Green Ocean Property Management, DB Plus
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11) District 8 will attract more buyers worried about climate change due to flood prevention efforts
Ho Chi Minh City is investing heavily in flood prevention, making District 8 a safer place to live.
With new dikes, tidal control sluices, and upgraded drainage canals, the city is tackling its flood issues head-on. For instance, they’re setting up 380 tidal check valves and five mobile pumping stations that can handle up to 2,000 cubic meters of water per hour. These measures are designed to protect areas like District 8 from flooding, which is a big plus for anyone looking to buy property there.
Government reports show that these flood prevention projects are already making a difference, especially on major roads. As these improvements continue, property values in flood-protected areas are expected to rise. This is part of a larger effort by Ho Chi Minh City to combat flooding, which could make properties in District 8 more appealing to potential buyers.
More and more, buyers are looking for homes that can withstand climate challenges. This trend means that District 8, with its strong flood defenses, is becoming more attractive to climate-conscious buyers. Success stories from other districts, where flooding has been significantly reduced, suggest that District 8 could see a similar boost in property demand.
Experts stress the need for solid planning to prevent severe flooding, highlighting the importance of these initiatives. This focus on flood prevention is likely to make District 8 more appealing to buyers worried about climate change. Plus, positive feedback from residents and real estate agents about improved living conditions due to these efforts can draw in more potential buyers.
Sources: Vietnam Plus, Nhan Dan, ADB, Prevention Web, World Bank
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12) Real estate agents in District 1 will commonly use virtual reality for property tours
Virtual reality property tours are now a staple for real estate agents in District 1, Ho Chi Minh City.
Globally, VR technology in real estate is booming. By 2023, its market value soared as it offered immersive and interactive property tours. Fast forward to 2024, and more than half of adults had taken a virtual tour, with 67% of home buyers wanting this feature. Listings with virtual tours got 87% more views, and buyers lingered 5-10 times longer on these listings.
In Vietnam, internet usage hit 78.1% by 2023, and mobile broadband subscriptions grew by 7.6%. With 100.7 million smartphone users among 120 million mobile subscriptions, VR technology found fertile ground. The demand for easy property viewing solutions surged, with 54% of buyers refusing to consider homes without virtual tours. Homes with these tours sold for 9% more and closed 31% faster.
VR technology advancements, like high-resolution 3D imaging, made these tours more accessible and affordable. Real estate agencies in Ho Chi Minh City jumped on the bandwagon, inspired by success stories from other big cities. Clients loved the VR tours, pushing more agents to adopt them. Partnerships with tech firms and government initiatives promoting digital transformation further fueled this trend.
Competition among real estate agents to offer unique services and media coverage highlighting VR's benefits in real estate marketing also played a part. The buzz around VR tours is hard to ignore, and it's reshaping how properties are showcased.
Sources: Hacker Noon, VnExpress, PhotoUp
13) Property values in District 12 will rise due to better road infrastructure
Improved road infrastructure in District 12 is set to boost property values significantly.
The HCMC People's Committee is backing major transport projects, like the elevated road from Station 2 to An Suong intersection, with a hefty investment of VND15,400 billion (US$609.35 million). This kind of development has historically led to increased property values in Ho Chi Minh City.
Take District 7, for example, where projects like the An Phu intersection and Nguyen Van Linh-Nguyen Huu Tho tunnel have positively impacted property prices. Economic growth and urbanization are fueling demand for homes and businesses, and District 12 is poised to benefit from this trend.
Real estate experts point out that new transport links often lead to gentrification, as seen in Binh Thanh District. This is likely to happen in District 12 too, with property prices expected to rise. Homebuyers are increasingly looking for areas with better road access for quicker commutes.
Consider the expansion of National Highway 13, which has reduced travel times and improved accessibility, leading to higher property values in nearby areas. The upcoming elevated road project in District 12 is expected to have a similar effect, drawing in more buyers and investors.
Media reports and government announcements highlight the anticipated impact of these road projects on local real estate. With better infrastructure, District 12 is becoming a more attractive option for potential homeowners and investors alike.
Sources: SGGP Online, The Investor, Asian Development Bank
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.