December 2024

Affordable housing crisis in Ho Chi Minh City with modern high-rise apartments and limited affordable options.

Affordable Housing Crisis in Ho Chi Minh City

Ho Chi Minh City’s real estate market is undergoing a dramatic shift, with affordable apartments priced under $120,000 (approximately 3 billion VND) becoming increasingly scarce. Once a viable option for middle-class buyers, these homes are disappearing as developers pivot to luxury projects. According to VnExpress, 90% of new developments are high-end, with average prices reaching $3,200 per square...