New scenario of Binh Duong real estate market

In 2025, in Binh Duong, real estate projects will be continuously introduced, new prices will gradually be established, but there will still be a mismatch in product lines.

2025 is predicted to be a year of "oversupply" in the Binh Duong real estate market.

Project supply multiple

In the first 2 months of 2025, in Binh Duong, many new projects were continuously introduced to the market by investors. For example, The Gio Riverside Project in Di An City was developed by An Gia Real Estate Investment and Development Joint Stock Company. The project consists of 2 apartment blocks with 40 floors above ground, 3 basements, providing the market with 2,905 apartments and 76 shophouses. The project is in the introduction stage and has not yet started construction.

A few days ago, in Thu Dau Mot City, information appeared about an apartment project called Orchard Heights. According to the advertisement, this project is built on an area of nearly 7,000 m2, including 2 towers 24 floors high, with 436 apartments.

According to DKRA Group's market research report, in Binh Duong there are currently about 20 real estate projects, most of which are apartment projects, in the process of being introduced to the market because they do not meet the conditions to open for sale future projects.

Previously, according to a report by the Binh Duong Department of Construction, from January 2024 to September 2024, there were 18 future real estate projects in the province that officially signed sales contracts with customers. Most of them were townhouse and villa projects, with a total of up to 5,000 products.

However, these are only the projects that are eligible for sale according to the Law on Real Estate Business. There are many projects that have been granted construction permits, have not completed the foundation, and are not eligible for sale, but investors have introduced them to the market in the form of deposits to reserve a place. Among them, we can mention The Emerald 68 Project of Le Phong Group in Thuan An City, TT AVIO Project of TT Capital Company and Bcons Avenue Project of Bcons Group in Di An City...

Another signal shows that 2025 will be a year of “oversupply” in the Binh Duong real estate market. In early February 2025, the People’s Committee of Binh Duong province announced the invitation to bid for 3 urban areas with an area of 580 hectares in Di An City and Ben Cat City.

Specifically, the two projects in Ben Cat City are Tay An Tay Urban Area (An Tay Ward, Phu An Commune) with an area of 268 hectares and the Urban Area North of Ring Road 4 (An Tay Ward) with a scale of 284 hectares; the third project is Tan Binh New Urban Area, in Tan Binh Ward (Di An City), with an area of nearly 33 hectares.

New price is set

A report from the market research department of DKRA Group predicts that by 2025, the market will welcome about 13,000 - 15,000 apartments, mainly located in Binh Duong province, and prices will increase by 10 - 20%.

In fact, entering February 2025, when new projects opened for sale in Binh Duong, prices began to increase sharply. For example, the price of apartments at The Emerald 68 Project was offered by the investor at about 60 million VND/m2. Meanwhile, in 2024, projects in the area such as A&T SKY Garden were only priced at about 40 million VND/m2.

In Di An City, last year, projects such as TT AVIO, Phu Dong Sky One... had prices of about 30 million VND/m2. Earlier this year, The Gio Riverside project was introduced to the market with prices of about 45 million VND/m2.

Mr. Vo Hong Thang, Deputy General Director of DKRA Group, commented that in 2025, real estate prices in Binh Duong will increase sharply. The reason is that Binh Duong province has just applied the 2025 land price list, according to which, prices will increase by 30 - 80%.

“When investors carry out new projects, the new land price will be applied to the house price, creating a new price higher than the old projects,” Mr. Thang said.

In addition, according to Mr. Nguyen Van Thanh, General Director of Hop Thang Real Estate Joint Stock Company, the Binh Duong real estate market is experiencing a large differentiation of product lines. In fact, in 2024 and the launch plans of many investors in 2025 show that the focus is still on apartment products. Meanwhile, land and townhouse products will gradually appear less from 2024 and will be even less in 2025.

“In my opinion, the market will have two extremes. With products in areas bordering Ho Chi Minh City such as Di An, Thuan An, real estate products will have good consumption. However, with projects in areas far from Ho Chi Minh City such as Bau Bang, Ben Cat, Thu Dau Mot, consumption will be slow, because of the lack of location advantages and low demand for housing and investment from customers in these areas,” Mr. Thanh commented.

Source: https://baodautu.vn/batdongsan/kich-ban-moi-cua-thi-truong-bat-dong-san-binh-duong-d249826.html