Vietnam’s housing market is facing pressure with soaring prices, making Ho Chi Minh City and Hanoi, the country’s two business and financial hubs, among Asia’s least affordable cities for homebuyers, according to a report by property consultant CBRE.

2025 marks the beginning of a new cycle for the housing market in Ho Chi Minh City, characterised by abundant supply and improved product quality, driven by increasing competition among real estate developers, said Executive Director of CBRE Vietnam Duong Thuy Dung.

Prices of condominiums in Hanoi are catching up with prices in Ho Chi Minh City in both primary and secondary markets, according to CBRE Vietnam’s report on the capital's real estate market in the first half of this year released on July 9.

The supply of new apartments in Hanoi increased fourfold in the second quarter of 2024 from the previous quarter, Nguyen Hoai An, Senior Director for the research and consulting division at CBRE Vietnam, said at a press conference on July 9.

Vietnam is the second most sought after emerging market for value-added and opportunistic investments, according to the recently released 2024 CBRE Asia Pacific Investor Intention Survey.

Vietnam’s industrial real estate market is heating up due to healthy absorption of industrial land, ready-built factories and warehouses, reported experts from real estate consultancy CBRE Vietnam.

VOV.VN - Experts have warned that the real estate market will continue to struggle with limited access to capital, legal bottlenecks, and a general inability among companies to redeem bonds.

A flight to quality will remain a key theme in the HCM City office market in 2023 as both foreign and domestic companies are setting ambitious net-zero targets to comply with environmental, social and corporate governance (ESG) regulations, experts said.

Increasing foreign investment is expected to come to industrial, logistics properties in Vietnam, pushing the growth of the sector, according to insiders.

The Vietnamese real estate market has remained attractive to foreign investors and investment funds despite difficulties countering domestic firms, according to insiders.