Few new apartments in western HCMC: Q2 supply down 53%, asking prices up to VND 120 million/m2

The HCMC apartment market in Q2/2026 recorded more than 1,300 newly launched units, up 7% quarter on quarter but down 53% from the same period in 2025. The East accounted for 71% of new supply and the West only 26%; asking prices at some new projects in the West have reached VND 120 million/m2.

Published figures

• Q2/2026: more than 1,300 new apartments launched across HCMC, up 7% quarter on quarter and down 53% year on year (Cushman & Wakefield data).
• New supply by area: East 71%, West 26%.
• A luxury apartment project on Kinh Duong Vuong Street, An Lac Ward, launched a few days ago: 99 units, from VND 120 million/m2.
• A project on Tan Thanh Street, Cho Lon Ward, launched a few months ago: nearly 350 units at a similar price.
• A project on Vo Van Kiet Street, An Lac Ward, introduced in late June: nearly 1,600 units, about 370 in the first phase, priced at about VND 90 million/m2.
• A project near Aeon Mall Binh Tan, Binh Tri Dong Ward: over 2,000 units, expected to launch at the end of this year, price not yet announced.
• The share of interest in western apartments in total apartment searches in HCMC rose from 17% in 2022 to 22% in May 2026 (Batdongsan data).
• Forecast to 2027: about 12,130 new apartments in the East and about 5,016 in the West (Cushman & Wakefield Q2/2026 report).
• Experts quoted: Mr Dinh Minh Tuan (Batdongsan Southern Director) said the West used to be disadvantaged by transport infrastructure, congestion, flooding and high population density; Mr Nguyen Hoang (lecturer at Eagle Academy) said the West is the gateway to the Mekong Delta provinces, with lower prices than the East and South.