The leasing market in Ho Chi Minh City – increasing supply

After nearly 2 years of being heavily affected by the COVID-19 pandemic, the real estate rental market in Ho Chi Minh City is showing positive signs. The number of customers looking for and signing rental contracts for houses and apartments is increasing strongly, helping the market become active again.


According to real estate experts, the demand for renting houses and apartments in Ho Chi Minh City is showing clear signs of recovery. All segments such as apartments, private houses, and villas have recorded significant growth in the number of transactions and rental prices.


In particular, the apartment rental segment is becoming active again, meeting the growing needs of customer groups such as workers, students, and freelancers. Apartment rental prices also have a slight upward trend compared to the peak of the pandemic.


Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said: “The recovery of the real estate rental market in Ho Chi Minh City is clearly shown in the increasing transaction volume and the level of consumer interest. This shows that the economy is gradually recovering and the confidence of the people in real estate is also being improved.”


Experts forecast that in the coming time, the demand for renting houses and apartments in Ho Chi Minh City will continue to increase strongly. This is driven by the recovery of economic activities, improvement in the pandemic situation, and the increasing needs of workers and students. Therefore, the real estate rental market will become more active in the coming time.

The rental market focuses on the high-end segment with more options. Rental projects in District 2 such as: Empire CityThe Metrople Thu ThiemThe River Thu Thiem are of interest to many people.

The rental market in District 7 focuses mainly on Phu My Hung urban area, large projects such as Midtown Phu My HungThe AntoniaThe AscentiaRiverpark PremierRiverside Residence

Particularly in Binh Thanh district, Sunwah Pearl and City Garden projects provide many diverse apartment products for tenants to choose from.

The rental price increased slightly due to the increase in the VND/USD exchange rate, and investment costs increased compared to the pre-Covid-19 period.


✅ Where is the location of the Empire City project?

- Area 2B, Thu Thiem new urban area, District 2, Thu Duc city, Ho Chi Minh City.

✅ When is the Empire City project built and When is it expected to hand over apartment?

- Being built in 2017
- Handover from Q4/2020

✅ What is the project size?

- Total land area: 14.5 ha
- Construction density: 49.8%
- Number of blocks: 18 blocks
- Number of basements: 2 (B1 floor, B2 floor)
- Number of commercial floors: 1 (Floor 1)
- Number of apartment floors: from 2nd floor to 34th floor
- Total number of apartments: 3000 units

✅ Types of areas of Empire City apartments?

- 1 bedroom: 60-64 m2
- 2 bedrooms: 90-94 m2
- 3 bedrooms: 127-210 m2
- Duplex: 203 - 250 m2
- Penthouse: 250 - 350 m2

✅ The developer’s name and sales agent of the project?

- Developer’s name: Tien Phuoc Joint Venture - Keppel Land - Tran Thai - Gaw Capital Partner
- Sales agents: Savills, CBRE

✅ Do banks support home loans?

- Yes, Vietcombank, BIDV, techcombank...

✅ Is Empire City apartment for sale and lease?

- Yes

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