Ho Chi Minh City Landed Launches Outpace Condos In Q2 Supply Shift

Ho Chi Minh City's second-quarter residential market shifted toward landed supply, while condominium launches fell and buyer demand normalised in a higher-rate environment.

Condo Supply Fell Sharply

CBRE reported that HCMC condominium supply declined 48 percent quarter on quarter in Q2, with only about 850 units launched. The average primary selling price declined because of the changed product mix and weaker high-priced condo supply.

Landed Housing Rebounded

The landed property market recorded a strong launch rebound, with new supply concentrated in suburban former HCMC areas. JLL also noted a large volume of ready-built landed absorption linked to competitive pricing at a major township project.

Suburban Projects Need Infrastructure Proof

Township launches can appeal to investors and end users seeking more space, but distance, road access, schools, legal approvals and handover timing matter more than headline unit counts.

Buyer Checks

Purchasers should compare primary and resale prices, legal approvals, mortgage terms, handover schedule, infrastructure delivery, developer track record and secondary liquidity in the exact ward or district.

Outlook

HCMC's market is moving into a selection phase. Suburban landed projects with credible pricing and infrastructure should attract demand, while high-priced condo launches need stronger affordability support. Buyers should compare township promises with actual road, school and retail delivery. Secondary resale depth in nearby completed projects should guide reservation prices.

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