Overview of Housing Conditions in Ho Chi Minh City

A recent survey spanned 53 neighborhoods in Ho Chi Minh City, which has a population nearing 9.4 million people, with an average household comprising 3.48 individuals.

The survey indicated that standalone houses are the most prevalent housing type, making up 86.1% of all homes, while apartments and rented rooms account for 6.9% and 7%, respectively.

Rental prices differ considerably based on the type of accommodation. Standalone houses have a rental range of VND 1-50 million per month, averaging around VND 6.2 million. Apartments command a slightly higher average of VND 7.8 million per month, ranging from VND 2-15 million. Rented rooms are the most economical option, with monthly prices between VND 0.8-7 million.

The majority of respondents expressed contentment with their living situations, with about 53.9% indicating satisfaction and 16.6% reporting high levels of satisfaction. Conversely, 7.4% of households indicated dissatisfaction with their housing.

Housing Needs and Preferences

The survey categorized housing needs into three areas: renovations, purchases, and rentals. Approximately 23.9% of participants wished to renovate their homes, while 22.1% sought to increase their living space. Predictions estimate that residents will construct an additional 21.4 million square meters of standalone housing between 2026 and 2030.

As for buying homes, 7.1% of households wanted to relocate from their current residences, and 11.3% aimed to purchase new homes. Standalone houses are the preferred choice for 52.6% of respondents, followed by land plots (31.7%) and apartments (15.7%).

Most participants favored purchasing detached houses and apartments within Ho Chi Minh City. However, for land acquisitions, 20% were interested in locations in adjacent provinces, with an average price of VND 1.74 billion per plot.

While 50.7% of respondents indicated intentions to buy property for personal residence, 19.4% viewed it as a means of asset accumulation.

Projections suggest that between 2026 and 2030, the city could see the addition of 456,770 standalone homes, encompassing a total area of 39.7 million square meters, along with 59,016 apartments, contributing an additional 3.7 million square meters of floor space.

Despite the increasing demand for housing, a notable 33.7% of households lack concrete plans for home improvement or acquisition due to financial limitations. This situation reflects a significant hurdle for many families in Ho Chi Minh City amidst the rising costs of housing in a rapidly urbanizing setting.