As of May 2025, average condominium prices per square meter in ASEAN capital cities vary significantly due to factors such as location, market demand, and economic conditions. Here’s an overview of the current average prices:
Singapore – USD $19,000 per sq m
Singapore remains one of the most expensive markets in Southeast Asia, with average condo prices around USD $19,000 per square meter. The market is characterized by high demand and limited land availability, contributing to the premium pricing.
Kuala Lumpur, Malaysia – MYR 15,000–20,000 per sq m (USD $3,200–$4,300)
In Kuala Lumpur, condo prices vary by location. For instance, in the city center (KLCC), prices range from MYR 15,000 to 20,000 per square meter, translating to approximately USD $3,200 to $4,300.
Bangkok, Thailand – THB 150,000–300,000 per sq m (USD $4,100–$8,200)
Bangkok’s condo prices also vary significantly depending on the area. In prime locations like Sukhumvit and Silom/Sathorn, prices range from THB 150,000 to 300,000 per square meter, equivalent to USD $4,100 to $8,200.
Hanoi, Vietnam – VND 64 million per sq m (USD $2,500)
In Hanoi, the average selling price of condominiums reached VND 64 million per square meter, approximately USD $2,500, reflecting a steady increase due to limited supply and growing demand.
Ho Chi Minh City, Vietnam – VND 84–120 million per sq m (USD $3,200–$4,700)
Ho Chi Minh City has seen a significant rise in condo prices, with averages ranging from VND 84 million to 120 million per square meter, or USD $3,200 to $4,700. This surge is attributed to the dominance of luxury and high-end apartment projects.
Jakarta, Indonesia – USD $1,800–$2,500 per sq m
In Jakarta, average condo prices range from USD $1,800 to $2,500 per square meter, depending on the location and property type. The market remains relatively affordable compared to other ASEAN capitals.
Manila, Philippines – PHP 280,000–320,000 per sq m (USD $5,000–$5,700)
Manila’s condominium market has experienced growth, with average prices ranging from PHP 280,000 to 320,000 per square meter, equivalent to USD $5,000 to $5,700. This increase is driven by urban development and demand from overseas Filipino workers.
Phnom Penh, Cambodia – USD $2,500 per sq m
Phnom Penh offers more affordable options, with average condo prices around USD $2,500 per square meter. The market is attracting investors seeking higher rental yields and growth potential.
Vientiane, Laos – USD $1,500–$2,000 per sq m
In Vientiane, condo prices are relatively low, ranging from USD $1,500 to $2,000 per square meter. The market is still developing, offering opportunities for early investors.
