Ho Chi Minh City’s apartment market is recovering, but not evenly. Knight Frank Vietnam data cited by local reporting showed more than 7,150 new units launched in Q2 2026, lifting primary supply to more than 14,200 units, while absorption reached only about 39%.<\/p>\n
The Q2 launch wave raised primary supply by 156% from the previous quarter and about 35% from a year earlier. That gives buyers more choice after a long supply shortage, but it also forces developers to compete on payment terms, location and unit size.<\/p>\n
Total absorption reached about 7,680 units, helped by mid-range liquidity concentrated in Binh Duong. Inside core HCMC, only 1,781 units were sold and absorption was about 31%, showing how high city-centre pricing is pushing demand toward satellite markets.<\/p>\n
Local market reports say new supply remains concentrated in high-end and luxury apartments, with affordability still stretched by lending rates. That mismatch explains why purchasing power is lower than a year earlier even though launch volume has improved.<\/p>\n
HCMC’s second-half market should favor projects with real affordability or strong infrastructure links to the expanded metro area. Core high-end apartments can sell selectively, but broad liquidity needs more mid-range supply and mortgage terms that fit end-user cash flow.<\/p>\n