The villa and townhouse (landed) market in HCMC in the third quarter of 2025 continues to face tight supply and elevated selling prices, similar to the first half of the year.

Surveys showed that the new supply of landed housing in HCMC has come in dribs and drabs. In the past quarter, only 226 units of the Gladia By The Waters project were launched, with asking prices ranging from VND23‑70 billion per unit, depending on size. 

A number of projects are preparing to launch, expected to significantly add supply to the market, such as The Meadow (next phase) and new products at Vinhomes Green Paradise Can Gio. 

In the western area of the city, in the past quarter, Vinhomes Green City (Tay Ninh province) led the market. Also, supply from other projects like Eco Retreat, King Hill Residences and The Solia have made the market more active. 

Regarding the landed housing market in HCMC, Duong Thuy Dung, CEO of CBRE Vietnam, said that after a long quiet period, this segment showed slight recovery in the third quarter.

Compared to the previous quarter, market-wide primary prices maintained at VND303 million per sqm. However, secondary prices surged 18 percent year-on-year, average increase VND167 million per sqm.

According to Dung, amid scarce supply and high prices in HCMC (old area), gateway areas will be alternatives, especially for end-users.

The CBRE Vietnam representative forecasted that post-merger, land-adjacent home supply from now to year-end could exceed 2,400 units, affirming expanded HCMC region's role in meeting housing demand.

An Avison Young research unit representative said the HCMC landed housing market in the past quarter continued to record scarcity of new supply, while asking prices remain high.

In the new Thu Thiem urban area, for example, some ultra-luxury villas recorded offers nearing VND1 billion per sqm, setting new benchmark for luxury segment.

In other upscale projects, primary selling prices are commonly in the VND250‑300 million per sqm range. Meanwhile, secondary market asking prices are significantly lower, reflecting caution among buyers. 

Overall liquidity remains muted due to high capital costs and a wait‑and‑see mindset. Purchase demand is better in areas adjacent to HCMC thanks to softer prices and improved infrastructure. Looking ahead, high‑end landed housing in the city retains appeal due to its scarcity and upside potential, according to Avison Young.

Amid tight new supply, in recent days, news of the coastal super city project Vinhomes Green Paradise Can Gio opening soon has strongly attracted investor interest. Each day, many visitors from the city center take the Binh Khanh ferry to Can Gio to view the project. 

A director of a real estate brokerage firm said that over the past month he has led tens of investor groups to visit Vinhomes Green Paradise Can Gio in person, including many investors from the Northern region. 

He shared that although the developer has not officially announced the launch date, it has signed cooperation agreements with distribution partners to prepare for the launch phase.

Prior to that, reports about HCMC landed house supply showed the quietness of the market in the second quarter.

According to the city’s Department of Construction, from the start of the year until the end of the second quarter, the number of townhouses and villas meeting conditions for sale was only 238 units. Supply mainly came from two projects in the southern area and two projects in the eastern area of the city. 

VietNamNet reporters found that while meeting conditions for launching into the market, most of the 238 units were introduced to the market late last year.

As for new supply, according to Avison Young Vietnam, in the second quarter of the year, the market recorded additional 132 townhouses from a project in An Lac ward (old Binh Tan district) and 74 townhouses from a southern HCMC project.

Primary supply has been maintained thanks to townhouse products from Binh Chanh district (old) project. In addition, 226 villas and townhouses at an eastern HCMC project, developed by Khang Dien and Keppel Land cooperation, also were gearing to launch.

If counting both the former Binh Duong and former Ba Ria ‑ Vung Tau areas, from the start of the year to the end of the second quarter, each region recorded only one new landed housing project offered, supplying nearly 600 units. 

Anh Phuong