The rental market in Ho Chi Minh City - More apartment for the lessee

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 City, The Metrople Thu Thiem, The 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 Hung, The Antonia, The Ascentia, Riverpark Premier, Riverside 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.