Ho Chi Minh City to see around 9,600 prime apartment units in 2026
The substantial pipeline and cautious sentiment may intensify competition, making flexible payment policies and long-term value increasingly important to buyer decisions.
JLL expects approximately 9,600 high-end apartments and 11,200 RBL units to enter Ho Chi Minh City’s market during 2026.
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Over 1,000 units were launched in Q2 alone.
New project launches helped lift residential demand in Ho Chi Minh City in the second quarter, with the high-end apartment market recording approximately 1,204 successful transactions, according to JLL.
The consultancy said sales were supported by both newly launched projects and remaining inventory from previous quarters. The RBL segment also recorded strong absorption, with more than 3,682 units taken up during the quarter, primarily driven by investors attracted to competitive pricing at Vinhomes Saigon Park.
High-end apartment supply remained relatively stable, with 1,116 new units launched in Q2. JLL said most came from the Eastern precinct, including The 9 Stellars Alpha Residence and The Prive Phase 2, as well as the Southern precinct's Phu My Hung NUA, including The Regency and The Sculptura.
RBL supply, meanwhile, expanded sharply, with 4,119 new units launched during the quarter. The majority came from the Global Park zone of Vinhomes Saigon Park in the Hoc Mon suburban area, developed by Vingroup.
Pricing trends diverged between the two segments. Primary high-end apartment prices increased 2.6% quarter-on-quarter to US$5,335 per sq m, driven by higher-priced projects from Phu My Hung. However, annual growth slowed to 5.1% as persistent interest-rate pressures kept market sentiment cautious.
RBL primary prices fell sharply to US$2,724 per sq m of gross floor area, down 12.4% quarter-on-quarter and 45.2% year-on-year. JLL attributed the decline largely to the substantial new supply from Vinhomes Saigon Park, which entered the market at competitive prices.
Looking ahead, JLL expects approximately 9,600 high-end apartments and 11,200 RBL units to enter the market during 2026, with major projects from developers including Vingroup and Masterise Group.
JLL said flexible payment policies are likely to remain important in supporting demand as interest rates rise and buyers become more cautious. The consultancy expects sentiment to continue shifting away from short-term speculation towards projects offering stronger long-term and fundamental value.