Ho Chi Minh City has 5 distinct Class A submarkets we track, anchored by District 1 at the trophy tier.
Ho Chi Minh City has 5 distinct Class A submarkets we track, anchored by District 1 at the trophy tier.
**District 1** (trophy, ~₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD) — HCMC's trophy core. **Thu Thiem (District 2)** (trophy, ~₫1,400,000/sqm/mo · ≈ $60.9 PSF/yr USD) — New financial centre frontier. **District 7 (Phu My Hung)** (prime, ~₫900,000/sqm/mo · ≈ $39.1 PSF/yr USD) — Master-planned suburban Class A. **District 3** (prime, ~₫1,200,000/sqm/mo · ≈ $52.2 PSF/yr USD) — Established Class A and consulate corridor. **Binh Thanh & An Phu** (prime, ~₫800,000/sqm/mo · ≈ $34.8 PSF/yr USD) — Tech and tech R&D belt.
| city | Ho Chi Minh City |
|---|---|
| country | Vietnam |
| region | APAC |
| classARentLocal | 1500000 VND/sqft/yr |
| classARentUsd | $59/sqft/yr |
| vacancy | 7.4% |
| typicalLeaseYears | 3 |
| typicalRentFreeMonths | 4 |
| submarkets | 5 |
| primeYieldPct | 6.4% |
| trophyCount | 2 |
| primeCount | 3 |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.