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Report
Vietnam Residential Real Estate Market Report and Forecast 2024-2032
Market Report I 2024-04-08 I 194 Pages I EMR Inc.
Vietnam Residential Real Estate Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Vietnam residential real estate market is projected to grow at a CAGR of 1.6% between 2024 and 2032. Aided by rapid urbanisation, increasing disposable income, and a growing middle-class population, the market is expected to grow significantly by 2032.
Vietnam's residential real estate sector is a critical component of the national economy, offering a wide range of housing options from affordable apartments to luxury villas. This market segment caters to the diverse needs of a rapidly growing population, underscoring the country's dynamic urban development and economic progress.
The Vietnam residential real estate market growth is driven by several key drivers. The ongoing urbanisation, marked by the migration of the population from rural to urban areas, has led to an increased demand for housing in cities. This trend is bolstered by Vietnam's robust economic growth, which has enhanced purchasing power and fostered a conducive environment for real estate investment.
Moreover, the Vietnamese government's initiatives to stimulate the real estate market, including reforms in property ownership laws and investments in infrastructure development, have significantly contributed to market expansion. These policies have made it easier for domestic and foreign investors to engage in the real estate market, further fuelling growth.
The changing demographics and lifestyle preferences of the Vietnamese population also posing a positive impact on the Vietnam residential real estate market outlook. A growing preference for modern, well-located, and amenity-rich housing units among young professionals and families is driving the development of new residential projects. Additionally, the rising interest in sustainable and green living spaces reflects a broader shift towards environmentally conscious living.
According to the Vietnam residential real estate market analysis, technological advancements and digitalisation have transformed the Vietnam residential real estate market, with online platforms and real estate apps simplifying the property search and transaction process. These technologies have enhanced transparency, efficiency, and accessibility, making it easier for buyers to find and invest in property.
Geographically, the demand for residential real estate is most pronounced in Vietnam's major cities, which are the epicentres of economic activity, cultural life, and urban development. These areas are witnessing significant investments in residential projects, aimed at accommodating the growing urban population and meeting the rising standards of living.
Market Segmentation
The market can be divided based on type, budget, size, and business type.
Market Breakup by Type
- Apartments and Condominiums
- Villas and Landed Houses
Market Breakup by Budget
- Less than $300,000
- $300,001 to $700,000
- $700,001 to $1,000,000
- $1,000,001 to $2,000,000
- More Than $2,000,000
Market Breakup by Size
- Less Than 50 square meters
- 51 to 80 square meters
- 81 to 110 square meters
- 111 to 200 square meters
- More Than 200 square meters
Market Breakup by Business Type
- Sales
- Rental
- Lease
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Vietnam residential real estate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sun Group
- Novaland Investment Group Corporation
- Dat Xanh Real Estate Service Contructions Corp
- FLC Group JSC
- Hung Thinh Land Joint Stock Company
- Phu My Hung Development Corporation
- Vinhomes Joint Stock Company
- Nam Long Investment Corporation
- Phat Dat Real Estate Development Corporation
- NovaGroup
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Residential Real Estate Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Residential Real Estate Historical Market (2018-2023)
8.3 Asia Pacific Residential Real Estate Market Forecast (2024-2032)
9 Vietnam Residential Real Estate Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Residential Real Estate Historical Market (2018-2023)
9.3 Vietnam Residential Real Estate Market Forecast (2024-2032)
10 Vietnam Residential Real Estate Market by Type
10.1 Apartments and Condominiums
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Villas and Landed Houses
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Vietnam Residential Real Estate Market by Budget
11.1 Less than $300,000
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 $300,001 to $700,000
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 $700,001 to $1,000,000
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 $1,000,001 to $2,000,000
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 More Than $2,000,000
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
12 Vietnam Residential Real Estate Market by Size
12.1 Less Than 50 square meters
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 51 to 80 square meters
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 81 to 110 square meters
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 111 to 200 square meters
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 More Than 200 square meters
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
13 Vietnam Residential Real Estate Market by Business Type
13.1 Sales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Rental
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Lease
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sun Group
15.2.1.1 Company Overview
15.2.1.2 Type Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Novaland Investment Group Corporation
15.2.2.1 Company Overview
15.2.2.2 Type Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Dat Xanh Real Estate Service Contructions Corp
15.2.3.1 Company Overview
15.2.3.2 Type Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 FLC Group JSC
15.2.4.1 Company Overview
15.2.4.2 Type Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hung Thinh Land Joint Stock Company
15.2.5.1 Company Overview
15.2.5.2 Type Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Phu My Hung Development Corporation
15.2.6.1 Company Overview
15.2.6.2 Type Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Vinhomes Joint Stock Company
15.2.7.1 Company Overview
15.2.7.2 Type Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Nam Long Investment Corporation
15.2.8.1 Company Overview
15.2.8.2 Type Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Phat Dat Real Estate Development Corporation
15.2.9.1 Company Overview
15.2.9.2 Type Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 NovaGroup
15.2.10.1 Company Overview
15.2.10.2 Type Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Residential Real Estate Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Residential Real Estate Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Residential Real Estate Historical Market: Breakup by Type (USD Million), 2018-2023
4. Vietnam Residential Real Estate Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Vietnam Residential Real Estate Historical Market: Breakup by Budget (USD Million), 2018-2023
6. Vietnam Residential Real Estate Market Forecast: Breakup by Budget (USD Million), 2024-2032
7. Vietnam Residential Real Estate Historical Market: Breakup by Size (USD Million), 2018-2023
8. Vietnam Residential Real Estate Market Forecast: Breakup by Size (USD Million), 2024-2032
9. Vietnam Residential Real Estate Historical Market: Breakup by Business Type (USD Million), 2018-2023
10. Vietnam Residential Real Estate Market Forecast: Breakup by Business Type (USD Million), 2024-2032
11. Vietnam Residential Real Estate Market Structure
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