Good demand for residential housing

The contrast in Vietnam's two largest housing markets has sharpened in late 2025, with Hanoi maintaining steady growth as Ho Chi Minh City shifts into a strong recovery after a prolonged slowdown.

- By Bich Ngoc

The latest signals from One Mount Group's Market Research and Customer Insights Centre reveal a clear divergence but also a brighter outlook for the real estate sector in the first nine months of 2025. Hanoi has remained a stable, leading market, while Ho Chi Minh City has rebounded sharply as multiple legal obstructions have been removed.

In Hanoi, apartment supply has remained high, with approximately 20,000 new units launched. Total transactions reached 21,200 units, reflecting strong and sustained end-user demand. Notably, the high-end and luxury segments recorded absorption rates above 90 per cent, despite prices rising 23 per cent on-year.

According to Tran Minh Tien, director of One Mount Group's Market Research and Customer Insights Centre, these numbers demonstrate the resilience of genuine housing demand amid rising incomes and accelerating urbanisation.

"Mega-township developments in the eastern, western, and northern areas continue to play a leading role, offering comprehensive amenity ecosystems that help maintain buyer interest," said Tien.

Entering Q4, market prospects remain positive, Tien added. Hanoi maintains stability in both supply and demand, while Ho Chi Minh City is expected to accelerate even more strongly as major projects prepare for launch, particularly The Global City and Vinhomes Green Paradise.

One Mount Group forecasts that the market in 2026 will continue to follow two growth trajectories, but both in a positive direction.

Hanoi is expected to welcome around 35,000 new apartment launches, all in the high-end and luxury segments. Most of this supply will come from major developers such as Masterise Homes, Sunshine, and MIK, driving strong geographical differentiation. Prices are projected to continue rising steadily, supported by a high proportion of end-users and improved connectivity infrastructure.