In recent years, amid the shortage of new housing supply across HCMC, this apartment segment in Thu Thiem, which was positioned as high-end from the beginning, still shows strong potential for price growth.

Located on premium land adjacent to the city center, apartment projects in Thu Thiem benefit from comprehensive planning and steadily improving infrastructure. The high primary selling prices of luxury developments have pushed up the overall price level of the area.

N, a broker specializing in Thu Thiem apartments, said his company offers a wide selection of one- to four-bedroom units at The River Thu Thiem. One-bedroom apartments are priced from VND11.5–13 billion each, depending on interior condition. The average price for this project is around VND250 million per sqm.

According to N, selling prices at The River Thu Thiem have increased more than 20 percent compared to late last year. The most expensive unit, a 250 sqm penthouse with a private garden, is now listed at VND130 billion.

“With full legal status, full on-site amenities, and a prime location, these apartments continue to rise steadily in value,” the broker said.

Among the most expensive projects in the area, apartments at the Opera Residence tower in The Metropole Thu Thiem complex are setting record-high prices. A two-bedroom apartment is offered for around VND28 billion, while a one-bedroom unit of 55 sqm is priced at VND18 billion.

T, a broker marketing The Metropole Thu Thiem, said the Opera Residence is the most premium tower in the project, offering direct views of the downtown skyline and  surrounded by the Saigon River. As a result, apartment prices here are among the highest in the market.

According to T, the average price at the Opera Residence now exceeds VND300 million per sqm, up about 25 percent compared to the same period last year. The largest penthouse, with an area of 470 sqm and five bedrooms, is listed for VND180 billion.

Although The Metropole Thu Thiem currently holds the record for the highest prices in the area, it is Thu Thiem Zeit River which leads in terms of growth rate compared to last year.

At this project, two-bedroom apartments of 85-100 sqm are listed for VND18.5-20 billion each, while four-bedroom units of 180-220 sqm are priced between VND45-60 billion each.

“Even though the initial buying price is already high, many investors are still confident to put money as they can expect high profits over time. The key difference when investing in Thu Thiem apartments is that the larger the unit, the higher the profit margin,” another broker shared.

Why luxury apartments continue to rise in price

Speaking about the Thu Thiem apartment segment, the owner of a real estate trading floor in An Khanh Ward said the biggest difference of the area compared to others is the large apartment size. This originates from the planning vision of Thu Thiem as HCMC’s future financial, commercial, and premium service center.

Thu Thiem peninsula was once likened to Manhattan (New York, US) thanks to its location and room to develop modern urban areas. The scarcity of prime land in the central Thu Thiem area is creating upward price pressure on luxury real estate projects.

Due to restrictions on mass housing and low construction density, developers design large apartments and position their projects in the luxury and ultra-luxury segments, targeting wealthy buyers and foreign investors.

“For this client group (high income earners), the focus is not only on location but also on spacious living, uniqueness, and long-term value appreciation. This investment appetite is not for the majority, but for a very specific clientele,” he noted.

According to data from Batdongsan, a real estate market research unit, since 2023 apartment prices in HCMC have increased by about 35 percent, with the luxury segment recording the strongest growth.

Explaining the surge in luxury apartment prices, Dinh Minh Tuan, Director of Batdongsan’s Southern Region, said the main reason lies in the rapid rise of primary prices amid limited supply.

In addition, strong investment demand has further pushed prices up. Tuan noted that recent progress in resolving legal bottlenecks has boosted investor confidence, while lower interest rates have encouraged capital to flow into this segment, keeping apartment prices at consistently high levels.

Anh Phuong