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
Vietnam, Russia eye setting up joint venture for maritime transport route
Vietnam and Russia are studying establishing a joint venture operator of a maritime transport route, underscoring their shared commitment to deepening cooperation in shipbuilding, logistics, and maritime infrastructure.
Companies - Thu, September 18, 2025 | 9:31 pm GMT+7
Coteccons consortium wins Long Thanh Airport contract worth $128 mln
HANTA2, a consortium of Coteccons Construction JSC, Hanoi Construction Corporation – JSC and ATAD Steel Structure Corporation, has won the bid for a construction package worth VND3.38 trillion ($128 million) at Long Thanh International Airport.
Companies - Thu, September 18, 2025 | 9:22 pm GMT+7
Vietnam PM orders full disbursement of public investment in 2025
Prime Minister Pham Minh Chinh has requested ministries, central agencies, and localities to ensure 100% disbursement of public investment capital in 2025.
Companies - Thu, September 18, 2025 | 9:18 pm GMT+7
EU, Indonesia to sign trade deal next week
The European Union and Indonesia have finalized a trade agreement that is expected to be signed on September 23.
Southeast Asia - Thu, September 18, 2025 | 9:06 pm GMT+7
The first project at VSIP Can Tho industrial park licensed
Can Tho city's export processing and industrial zones authorities have granted an investment registration certificate for the $100 million Bestway Can Tho sports technology plant project in Vinh Trinh commune.
Industries - Thu, September 18, 2025 | 9:04 pm GMT+7
Lego Manufacturing Vietnam signs direct power purchase agreement with VSIP
Lego Manufacturing Vietnam has signed a Direct Power Purchase Agreement (DPPA) with Vietnam-Singapore Industrial Park (VSIP) as part of the company's ambition to operate its new factory, which opened in April 2025, on 100% renewable energy.
Industries - Thu, September 18, 2025 | 4:07 pm GMT+7
Con Vanh golf course in northern Vietnam to debut in 2028
Huy Hoang Urban Development and Investment JSC aims to put its VND2,156 billion ($81.75 million) Con Vanh golf course project in Hung Yen province into operation in early 2028.
Real Estate - Thu, September 18, 2025 | 3:21 pm GMT+7
No new grade B office supply in HCMC’s CBD until 2028: Knight Frank
No new Grade B office supply is entering Ho Chi Minh City's central business district (CBD), marking a significant shift in the market as developers are forced to build affordable office space further afield, said Knight Frank Vietnam.
Real Estate - Thu, September 18, 2025 | 1:42 pm GMT+7
What are expectations for Vietnam's stock market from Fed rate cut?
The Federal Reserve's interest rate cut is expected to support Vietnam's effort to have its stock market status upgraded by FTSE Russell from "frontier" to "secondary emerging" and attract foreign capital after the strong net selling momentum in recent times.
Economy - Thu, September 18, 2025 | 12:33 pm GMT+7
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7