Real Estate 2026: Market Enters a New Selective and Sustainable Growth Cycle
According to a report from Savills Vietnam, macroeconomic indicators for the first nine months of 2025 show that Vietnam’s economy is maintaining positive growth momentum.
2025: Strengthening Macroeconomic Foundations
- GDP Growth: Vietnam’s GDP increased by 7.9%, ranking among the highest in many years.
- Inflation: Inflation has been controlled at around 3.3%.
- FDI Inflow: Total registered FDI reached $28.5 billion, a 15% increase year-over-year.
- HCMC Growth: Ho Chi Minh City led in new registered capital with $699 million (a 92% annual increase) from 1,254 projects.
Market Segment Performance (Q3/2025)
| Segment | Performance Indicators |
| Residential | Primary supply reached ~5,200 units with a 51% absorption rate. |
| Office | Total supply of ~3 million $m^{2}$ with a 90% average occupancy rate. |
The residential market faces challenges with declining affordable housing supply, driving demand toward neighboring provinces with better price accessibility and infrastructure. Meanwhile, the office sector remains stable, fueled by demand from the ICT and finance sectors.
2026-2027: A Targeted Growth Pivot
Expert Giang Huỳnh suggests that the 2026-2027 period will be a “growth landing point” for the market due to several converging factors:
- Legal Framework: Starting in 2026, the market will operate fully under the Land Law 2024, Housing Law 2023, and the Law on Real Estate Business.
- New Land Price Lists: Effective January 1, 2026, new price lists are expected to increase financial obligations but will create a more transparent and fair investment environment.
- Transparency: New regulations are expected to clear previous bottlenecks regarding project land pricing, improving market supply.
Economic Growth Data (2021-2025)
Economic growth rates for HCMC and Vietnam overall show a steady recovery:
| Year | HCMC | Vietnam |
| 2021 | -6.80% | 2.60% |
| 2022 | 9.00% | 8.00% |
| 2023 | 5.81% | 5.05% |
| 2024 | 7.20% | 7.10% |
| 9M/2025 | 7.91% | 7.85% |
Leave a Reply