District 1 (trophy, ~₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD) is one of 5 Ho Chi Minh City Class A submarkets we track.

  • District 1 sits at trophy tier.
  • Average rent ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD vs city average 1500000.
  • Compared submarkets: Thu Thiem (District 2) (trophy), District 7 (Phu My Hung) (prime), District 3 (prime).

District 1 vs other Ho Chi Minh City submarkets

District 1 (trophy, ~₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD) is one of 5 Ho Chi Minh City Class A submarkets we track.

TL;DR

  • District 1 sits at trophy tier.
  • Average rent ₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD vs city average 1500000.
  • Compared submarkets: Thu Thiem (District 2) (trophy), District 7 (Phu My Hung) (prime), District 3 (prime).

Side-by-side with peers

**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.

Key facts

cityHo Chi Minh City
submarketDistrict 1
tiertrophy
averageRentLocal₫1,700,000/sqm/mo · ≈ $73.9 PSF/yr USD
cityClassARentUsd$65/sqft/yr
cityVacancyPct7.4%

Frequently asked questions

What other submarkets compete with District 1 in Ho Chi Minh City?
Thu Thiem (District 2), District 7 (Phu My Hung), District 3

Related

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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