Bcons Solary residential project, located in Binh Duong – an industrial hub neighboring Ho Chi Minh City, has begun accepting deposits for its apartments.
The under-construction project comprises four buildings a total of 2,650 apartments.
At prices starting from VND33 million (US$1,300) per square meter, the project is set to be completed in 2027.
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Apartment buildings in Ho Chi Minh City in October 2024. Photo by VnExpress/Quynh Tran |
In Long An Province, Saigon Riverpark project has been announced, with 1,229 units priced from VND20 million per square meter available.
In HCMC, the last units of Citi Grand project are set to be sold from VND50 million per square meter.
Another project, Fiato Uptown, will accept deposits soon with prices from VND55 million per square meter.
Conic Boulevard with 976 apartments will accept deposits starting this month at a minimum of VND40 million per square meter.
These are among the projects that will add 10,000 apartments and 600 houses to southern localities in the last three months this year, bringing this year’s new supply to 30,000 units, highest in the last five years, according to property consultancy DKRA Group.
Nguyen Van Dinh, chairman of the Vietnam Association of Realtors, said that the government has untangled many legal knots to boost property recovery.
Developers therefore have confidence to begin selling their projects as they anticipate rising demand, he said, adding that more projects with affordable prices are set to be added, especially in HCMC’s neighboring localities.
Ha Van Thien, deputy CEO of property developer Tran Anh Group, said that the successful sales of some projects will lead to the launching of others this month and early next year.
A large gap between supply and demand, however, means that prices will continue to stay at a high level.
Some projects have seen prices rising by 3-8% compared to the third quarter. New apartments are priced starting from VND65 million in HCMC and VND35 million in satellite localities.
Economist Can Van Luc anticipates a rise in property prices starting from 2026 when the government implements a new property price scale.
