This growth is anticipated to be more evenly distributed across regions.

The Vietnam Association of Real Estate Brokers (VARS) has announced that the Vietnamese real estate market has overcome its most challenging phase, with a notable year-on-year increase in supply.

Newly launched housing projects, especially in the apartment sector, are experiencing robust absorption rates.

Dr. Nguyen Van Dinh, Chairman of VARS, forecasts that the supply of residential real estate in 2025 will grow by approximately 10% compared to 2024.

This growth is anticipated to be more evenly distributed across regions, as many projects have overcome previous obstacles and resumed development since 2024. Numerous projects are also planning to launch to capitalize on the market’s recovery.

Despite this, the majority of real estate supply will still originate from large urban areas in the northern provinces and cities, primarily from major developers. The estimated supply in Hanoi and its satellite cities is around 37,000 units, while Ho Chi Minh City and its surrounding areas are expected to offer approximately 18,000 units.

Apartment units, predominantly in the segment priced at VND50 million (approximately $1,980) per square meter and above, will continue to lead the market. Alongside this, there will be an increasing supply of luxury properties. Conversely, the supply of land plots is declining due to tightened regulations on land parceling and sales.

Overall, the housing supply will remain scarce compared to the rising demand for housing, driven by economic growth and urbanization. This is particularly true for the affordable housing segment, as the supply from social housing projects, despite growing in 2025, will still account for a very small proportion of the total housing supply in the market.