Southern real estate market on the slide
A gloomy atmosphere overwhelmed the real estate market in southern Vietnam in November, with new supply falling and consumption hitting its lowest since the beginning of the year.
A report on the real estate market in Ho Chi Minh City and its surroundings by property consultant DKRA Group showed that most segments “stood still” while both supply and demand plunged in November.
In the apartment segment, new supply decreased significantly, with only nine projects offering 581 units, equivalent to only 19% of the same period in 2021.
Ho Chi Minh City accounted for 75% of the total apartments for sale and Binh Duong province 25%, while Long An, Dong Nai, Ba Ria - Vung Tau, Tay Ninh provinces had no new supply.
In the southern metropolis of HCMC, projects were mainly in Thu Duc city, with luxury apartments making up 36% of the city's total supply.
Last month, only 213 new units were sold, a drop of 89% year-on-year, with the consumption rate reaching 37%, the lowest level since the beginning of the year. The absorption rate across all projects hovered around 30-40%.
Some investors continued to offer discounts for quick payment worth up to 40-50% of real estate value to stimulate market demand. In HCMC, the lowest price in the primary market was recorded at VND43 million ($1,800) per square meter and the highest was up to VND430 million ($18,240). In Binh Duong, the respective figures were VND19 million ($806) and VND49 million ($2,078).
Liquidity in the secondary market continued to decline, with prices dropping 3-5% compared to October.
In the townhouses and villas segment, there were nine new projects with 318 units, down 77% compared to the same period in 2021. Supply mainly came from Dong Nai province, accounting for 52.8% of the total. Of which, 172 units were sold, down 83% year-on-year.
The consumption rate reached 54%, an increase of 4.5 times compared to October, but equivalent to only 17% of the figure one year ago.
Notably, inventories opened for resale in the month made up 70-90% of the total offered with the prices unchanged compared to the previous offerings. In the secondary market, many investors offered stop-loss prices to recover capital but there were almost no successful transactions.
It is forecast that in December, supply and demand will mainly center on Dong Nai, Ho Chi Minh City, Binh Duong and Long An. Meanwhile, Ba Ria-Vung Tau and Tay Ninh will still face a scarcity of new supply.
The primary market recorded the highest price of up to VND92.8 billion ($3.94 million) per unit and the lowest of VND5.2 billion ($220,600) in HCMC; VND63.7 billion and VND11.6 billion in Dong Nai; VND16.2 billion and VND3.3 billion in Binh Duong; and VND4.8 billion and 4.7 billion in Long An.
Particularly, the land plot segment saw new supply increase by 8.3% compared to the same period in 2021, of which Binh Duong accounted for 68.8% of the total. The whole market had six projects with 727 units, of which 510 were sold, up 1.4 times over the same period last year. The consumption rate reached 70%.
The real estate market in southern Vietnam is now in a state of "hibernation". Photo courtesy of cafeF
According to Vo Hong Thang, R&D deputy director of DKRA Vietnam, the real estate market is falling into a state of "hibernation" with supply and demand falling since the middle of the second quarter. The demand in some segments was equal to only 10-20% of begining the year. The downtrend has shown no signs of abating and is likely to spread on a large scale.
In addition, legal barriers for real estate projects over the past three years still remain, causing supply in the market to fall sharply as enterprises have no projects to implement. Meanwhile, increasing costs have pushed businesses into the current difficult situation.
Notably, Thang held that since mid-April, the State Bank of Vietnam has strengthened control of credit into real estate as well as bond issuance, leaving most property developers thirsting for capital.
"As all capital-raising doors are almost closed, real estate businesses are now hanging by a thread. Many investors and brokers have been forced to cut off personnel in order to optimize operational efficiency in the current situation," Thang said, adding that what companies are waiting for is the regulators’ next moves to ease their current "thirst" for capital.
According to DKRA Vietnam, market demand increased slightly, focusing on projects with complete infrastructure and legal status. However, there were also stop-loss offerings by customers with high financial leverage ratios under heavy pressure from rising interest rates. However, market liquidity remains very low.
- Read More
Viettel Post-invested $27 mln logistics center project breaks ground in central Vietnam
Viettel Post, a subsidiary of military-run Viettel Group, has broken ground on an over VND722 billion ($27.41 million) logistics center project in Danang city, which is expected to enhance the logistics capacity of Vietnam's central and Central Highlands regions.
Industries - Sun, October 19, 2025 | 7:35 pm GMT+7
Vietnam's stock market regulator introduces green bond disclosure handbook
By enhancing transparency and standardizing disclosures, the Green Bond Disclosure Handbook that the State Securities Commission of Vietnam (SSC) introduced will build investor trust, reduce greenwashing risks, and support the growth of a credible and resilient green finance market in Vietnam.
Finance - Sun, October 19, 2025 | 2:11 pm GMT+7
Central Vietnam province Lam Dong seeks investment for 72 projects
The Lam Dong province People's Committee has called for investment in 72 projects across various sectors which are set for implementation in 2025 and the 2026-2030 period.
Industries - Sun, October 19, 2025 | 1:31 pm GMT+7
Vietnam's leading conglomerate Vingroup ventures into senior living market
Vingroup JSC (HoSE: VIC) has unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.
Industries - Sun, October 19, 2025 | 12:28 pm GMT+7
Vietnam’s agri major HAGL makes surprise return to property, saying land plot forgotten for 15 years
Vietnam’s agri major Hoang Anh Gia Lai JSC's (HAGL) return to real estate is an accident, after discovering a plot of land the company had “forgotten for 15 years” during its boom years, said chairman Doan Nguyen Duc.
Companies - Sun, October 19, 2025 | 10:02 am GMT+7
REE to set up 2 subsidiaries for wind projects in southern Vietnam
Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (HoSE: REE) has decided to establish two wholly-owned subsidiaries to develop two wind power projects in Vinh Long province, expanding its renewable energy portfolio in southern Vietnam.
Energy - Sun, October 19, 2025 | 8:00 am GMT+7
Australian CEO detained, NSH Petro’s recovery hopes collapse
The recovery prospects of NSH Petro (PSH) have dimmed after its Australian CEO was detained on allegations of fraud involving false promises of billion-dollar financing that led to the misappropriation of nearly $4.9 million.
Companies - Sat, October 18, 2025 | 6:53 pm GMT+7
Maintaining market status upgrade a bigger challenge: official
Vietnam's stock market status will be upgraded by FTSE Russell from "frontier" to "secondary emerging" from September 21 next year, but continued reform is critical as the bigger challenge is to maintain the new classification, said a market watchdog official.
Finance - Sat, October 18, 2025 | 1:30 pm GMT+7
HCMC partners with Nasdaq to develop int’l financial center
The Finance Department of Vietnam’s southern metropolis Ho Chi Minh City has signed an MoU with the U.S.-based stock exchange Nasdaq on the development of an international financial center (IFC).
Top News - Sat, October 18, 2025 | 11:56 am GMT+7
Vingroup plans $325 mln issuance of international bonds
Vietnam's leading private conglomerate Vingroup (HoSE: VIC) has announced a board of directors resolution to issue $325 million worth of international bonds, with a five-year term and a yield of 5.5% per year.
Companies - Sat, October 18, 2025 | 10:26 am GMT+7
Vietnam raises personal income tax deductions by over 40%
The Standing Committee of Vietnam’s National Assembly, the country's legislature, on Friday approved a resolution on adjusting personal income tax (PIT) deductions, marking a significant increase of over 40% from current levels.
Economy - Sat, October 18, 2025 | 9:11 am GMT+7
EVN subsidiary spreads the spirit of solidarity, compassion
The employees of National Power Transmission Corporation (EVNNPT) came together in an inspiring display of unity and compassion in October, each donating one day’s salary to support and express solidarity with the people of Cuba - a nation that has long shared a special friendship with Vietnam.
Companies - Sat, October 18, 2025 | 9:00 am GMT+7
Property fever prompts tighter inspection in central Vietnam's economic hub Danang
Chairman of Danang city People’s Committee, Pham Duc An, has ordered a comprehensive inspection and audit of land valuation and auction activities to prevent and address market manipulation that could destabilize the local property market.
Real Estate - Sat, October 18, 2025 | 8:00 am GMT+7
Vietnam mulls opening door for private investment in small modular reactors
Vietnam’s Ministry of Industry and Trade has drafted a parliamentary resolution that, for the first time, would allow private companies to participate in the development of small modular nuclear reactors (SMRs).
Energy - Fri, October 17, 2025 | 4:37 pm GMT+7
Kido seeks buyer for remaining 49% stake in frozen food affiliate
Kido Group (HoSE: KDC), a leading food company in Vietnam, has approved a plan to divest the firm's remaining 49% stake in its affiliate Kido Frozen Food JSC (Kido Foods).
Companies - Fri, October 17, 2025 | 4:25 pm GMT+7
Le Ngoc Quang appointed Danang city's Party chief
Le Ngoc Quang, a Party Central Committee member and Party chief of Quang Tri province, has been appointed Party chief of Danang for the 2025-2030 term - the highest position in the city, central Vietnam's economic hub.
Politics - Fri, October 17, 2025 | 4:17 pm GMT+7





















