Legal Bottlenecks Easing for Ho Chi Minh City's Housing Market

Ho Chi Minh City's housing supply remains constrained, with all new launches stemming from subsequent phases of existing projects. However, there's a silver lining as legal bottlenecks begin to resolve, offering a glimmer of hope for prospective buyers and investors alike.

Revival of Buyer Confidence

Duong Thuy Dung, Executive Director of CBRE Vietnam, highlights progress in projects like a District 7 condominium development, nearing sales contract signings. Additionally, long-awaited ownership certificates for Thu Duc city projects are expected to rejuvenate buyer trust.

Western HCMC: The New Frontier

The city's outskirts, especially the western region, are buzzing with activity. Integrated urban township models are gaining traction, backed by accelerated infrastructure investments. A Tan Phu district project near the airport saw over 1,000 reservations in just ten days, signaling robust demand.

Office and Industrial Segments Show Resilience

The office rental market continues to thrive, with Grade A buildings enjoying strong occupancy rates. Meanwhile, southern Vietnam's industrial land market maintains a stable 89% occupancy, with ready-built warehouses and factories also showing positive growth.