HCMC real estate market starts strong in 2025
The city recorded an estimated real estate business revenue of over $909 million at the end of January.
![Illustrative Photo](https://media.vneconomy.vn/w800/images/upload/2025/02/06/hcm.jpg)
Ho Chi Minh City recorded a real estate business revenue estimated at over VND22.9 trillion ($909 million) in January, accounting for 59% of the revenue from other services.
According to the Ho Chi Minh City Statistics Office's report on socio-economic conditions, the total retail sales of goods and consumer service revenue in January 2025 reached an estimated VND107.996 trillion ($4.28 billion), marking a 7.5% increase compared to the same period last year.
In detail, revenue from other services in January 2025 amounted to nearly VND38.850 trillion ($1.54 billion), reflecting a 16.6% decrease from the previous month and a 1.6% decrease compared to the same period last year. Of this, the real estate business alone contributed an estimated over VND22.9 trillion ($909 million).
Looking back at 2024, the city's real estate business revenue was estimated at VND282.134 trillion ($11.18 billion), representing 60.6% of the revenue from other services and a 7.9% increase from 2023.