Average selling price of apartments in Ho Chi Minh City is 30 million VND per square meter.
Over the past 9 months, apartments for sale in Ho Chi Minh City had an average price of 29 million VND per square meter, the highest being in District 1 at 47.8 million VND and the lowest being in Hoc Mon district at 12 million VND per square meter, according to Data First.
This unit has just reported the apartment market in the first 9 months of the year based on the system of websites with the largest number of advertisements. Research shows that the average selling price of the apartment market in Ho Chi Minh City during the past 3 quarters reached nearly 30 million VND per square meter, focusing on the mid-range segment.
This data shows that project developers are focusing on mid-range products that are close to high-end and far away from the low-end segment. Therefore, the market focus is also on middle-class consumers.
 |
Average selling price of apartments in districts in Ho Chi Minh City in the past 9 months. Screenshot |
The top 5 areas with the highest average selling price in the entire market include: District 1 (47.8 million VND per square meter), District 3 (47 million VND per square meter), District 11 (40 million VND), District 5 (40.2 million) and District 10 (38.9 million VND).
This report also said that in July, August and September, Ho Chi Minh City had 24 projects with the first listings, accounting for more than 30% of the country (77 projects). In the past 3 months, the number of apartment listings in District 7 led Ho Chi Minh City with 15,392 listings. Following was District 2 with 10,006 listings, and third was Binh Thanh District with 5,564 listings. Binh Thanh is an area that has improved in rank compared to the second quarter of 2016, taking the position of Thu Duc District.
 |
Locations of 24 new apartment projects with advertisements for sale in Ho Chi Minh City (large and small circles show the scale of the project). Screenshot |
The top 3 projects with the most listings in the third quarter were in districts 10, Binh Thanh and 2. The most popular listing price in the entire Ho Chi Minh City market was 21-29 million VND per square meter, accounting for 27% of the market (equivalent to 21,112 listings). The most popular apartment area offered for sale was 40-70 square meters, accounting for 38% of the entire Ho Chi Minh City market (29,900 listings).
Data First added that Ho Chi Minh City has more than 12,000 people posting (selling) apartments. Last quarter, many projects that had been sold out in the primary market continued to post ads. This is explained by the fact that the secondary market is bustling, focusing on projects that are about to be handed over. This unit predicts that the mid-range apartment segment will likely continue to dominate the market in the remaining months of the year.
According to VNE
