The Real Estate Industry in Vietnam has been a critical contributor to the country's economic growth and development, providing housing and commercial space for the population. The industry has experienced significant growth over the past decade, driven by the government's investment in infrastructure and policies to attract foreign investment. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.
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KNIGHT FRANK
6,459
+65 6222 1333
At Knight Frank, we build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property, in all key markets. We believe personal interaction is a crucial part of ensuring every client is matched to the property that suits their needs best – be it commercial or residential. Operating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected.Inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a workplace where opinions are respected, where everyone is invited to contribute to the success of our business and where they’re rewarded for excellence. The result is that our people are more motivated, ensuring your experience with us is the best that it can be.At Knight Frank, we value our vibrant online community and appreciate your active participation on our social channels. We strive to maintain a safe, respectful, and inclusive environment for all users. Please adhere to the following guidelines to ensure a positive experience for everyone:- We encourage and welcome your comments and feedback, however, they should be shared in a constructive, respectful manner.- We reserve the right to reject or remove comments that are not in keeping with our policy and to block or ban users/followers who violate this policy.- Please treat each other with courtesy and respect. Hate speech, discrimination, or offensive content of any kind will not be tolerated.Our moderators reserve the right to remove any content and any user who violates these guidelines that are intended to maintain a welcoming and respectful community.Thank you for being a valued member of the Knight Frank community.
CAPITALAND
7,493
+65 6713 2888
CapitaLand Group (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered in Singapore, CapitaLand’s portfolio focuses on real estate investment management and real estate development, and spans across more than 260 cities in over 40 countries. Within its ecosystem, CapitaLand has developed an integrated suite of investment management and operating capabilities that supports its real estate businesses and platforms in building core competencies across the real estate value chain. With this full stack of capabilities, CapitaLand can optimise the strategies of its listed real estate investment management business CapitaLand Investment (www.capitalandinvest.com), and its privately held property development arm CapitaLand Development; to drive competitive advantage for its businesses.CapitaLand places sustainability at the core of what it does. As a responsible real estate company, CapitaLand contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.---With the recent rise in phishing scams that involve digital communications with fake SMSes, emails and WhatsApp messages with spoof headers, it is important to verify any links before clicking them. Do not provide any personal, credit card or bank account details over an SMS, email or WhatsApp message, or make any payments to a third party’s bank account. CapitaLand shall not be liable for any loss, damage or consequences that may arise from any communication or offer of employment not directly made by CapitaLand. For more information, visit: https://www.capitaland.com/en/more-from-capitaland/social-media.html
CBRE ASIA PACIFIC
3,314
+65 6854 8688
CBRE Asia Pacific is an integral part of CBRE Group, the world’s largest commercial real estate services firm. Over 20,000 professionals focus on the alignment of our clients’ overall business objectives with their real estate requirements. The Asia Pacific region comprises 87 offices (excluding affiliates) across Australia, New Zealand, India, Vietnam, Japan, Indonesia, Malaysia, Thailand, Singapore, South Korea and Greater China including Hong Kong, Macau and Taiwan. We work together to provide unparalleled tools and resources, leverage, credibility, market coverage and local expertise.
CBRE GLOBAL WORKPLACE SOLUTIONS (GWS)
13,370
+65 6854 8688
From short-term decisions to developing a long-term strategy, CBRE Global Workplace Solutions (GWS) partners with clients to uncover solutions for unique, organizational needs and opportunities to drive strategic business outcomes, worldwide.
HMLET
83
+65 3138 5596
Hmlet is Asia’s leading flexible living brand, with over 1,500 homes across Singapore, Hong Kong and Tokyo. We provide occupants, also known as Members, with custom-designed fully furnished rooms and apartments — tailored to fit their budget, duration of stay and stage of life. All our homes are move-in ready with easy access to public transport and communal facilities to provide them with everything they might need to experience the ultimate hassle-free living.
HONGKONG LAND LIMITED
1,259
+65 6238 1121
Hongkong Land is a major listed property investment, management and development group. The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail assets in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group also has a number of high-quality residential, commercial, and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.
IQI GLOBAL
2,397
+60 1-800-22-2155
IQI is a leading global real estate & investment advisory firm operating and advising in Dubai, Malaysia, Australia, Canada, Philippines and Vietnam.With offices spanning across 5 continents and over 900 dedicated property and investment experts, IQI represents quality, integrity and trust in global residential and commercial real estate.At IQI we do things differently. Our strong desire to improve the way the industry operates means that we are constantly challenging tradition and adapting to the needs of a rapidly changing world. We are committed to offering you an extensive range of properties and comprehensive services worldwide.Combining global insight and industry practices with local knowledge ensures that IQI maintains a structured and disciplined approach with the goal to create wealth for investors. We have a reputation for uncompromising professionalism and honesty and have earned the trust of our clients around the world.Founded in Dubai by a diverse group of investors, business experts and people passionate to succeed, the firm recognised the stability and investment potential in the ASEAN, choosing Malaysia as its base for South East Asian operations. Taking the best of corporate culture, professionalism, best practices and technological solutions, IQI has become the trend setter for real estate brokers in Malaysia.
IWG PLC
12,568
+65 3163 8030
IWG is leading the workspace revolution. Our companies help more than 2.5 million people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services. Our customers are start-ups, small and medium-sized enterprises and large multinationals, with unique goals and aspirations. They want a choice of workspaces and communities to match their needs. Through our companies we provide that choice. Regus | Spaces | No18 | Openoffice | Basepoint | Signature IWG companies now help millions of people in almost 3,300 locations in over 1,000 towns and cities across more than 110 countries. We create personal, financial and strategic value for businesses of every size. From some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders.#greatdayatwork
LOGOS GROUP
428
+65 6491 0088
LOGOS is a dynamic and growing logistics specialist with operations across 10 countries in Asia Pacific. We manage every aspect of logistics real estate, including investment management, sourcing land or facilities and undertaking development and asset management, on behalf of some of the world’s leading global real estate investors. We have circa 11.3 million sqm of property owned and under development, with a total completed value of over US$23.5billion, across 37 ventures. LOGOS’ shareholders comprise ESR Group, APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally and its Founders, John Marsh and Trent Iliffe.https://www.esr.com/
CBRE
68,574
+65 6224 8181
Operating across every dimension of commercial real estate, CBRE sees more so you can do more.
PROPNEX INTERNATIONAL PTE LTD
65
+65 6820 8000
PropNex International is a subsidiary of P&N Holdings. PropNex International offers a full range of real estate expertise including but not limited to project planning and design, market research, marketing consultancy, sales and leasing. P&N Holdings is also the holding company of PropNex Realty (The largest local Real Estate company in Singapore with over 5,000 real estate salespersons).
SAVILLS SINGAPORE
293
+65 9799 4898
Savills plc is a global real estate services provider listed on the London Stock Exchange, established in 1855. We have an international network of over 600 offices and associates, employing over 39,000 people throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services across residential, office, industrial, retail, leisure, healthcare, rural, hotel and mixed-use development schemes. Savills Singapore services the needs of the investor, owners and occupiers, offering transactional advice, property management, consultancy and asset management expertise, with a particular strength in capital markets transactions, with a total of US$2.1 billion earned in sales transactions and US$173.9billion worth of properties valued.We also provide a comprehensive suite of business valuation and advisory services across various industry sectors in the regional market. We conduct valuation of business and business interests, intangible assets / intellectual property, financial instruments and biological assets for a variety of purposes. We also provide advice to our clients in the areas of strategic transformation, business process improvement, feasibility studies, financial modelling and data analytics. At Savills, we employ a highly strategic approach, designed to deliver superior performance and market leadership through value-based expertise and service. We combine the entrepreneurial spirit and a deep understanding of specialist property sectors with the highest calibre of client care.
CENTURY 21®
36,523
+65 6291 2121
Since 1971, Century 21 Real Estate has set the standard in the real estate business. With 127,000 independent sales professionals in 81 different countries, we have the global reach and expert knowledge to provide exceptional commitment and deliver extraordinary experiences to clients around the world. If you think you have what it takes to be a Century 21 Agent, contact us. Jointherelentless.com
JLL
77,750
+65 6250 4145
We’re a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. We want the most ambitious clients to work with us, and the most ambitious people to work for us. Join us.
TROPICANA CORPORATION BERHAD
548
+60 3-7663 6336
𝐀𝐁𝐎𝐔𝐓 𝐔𝐒Tropicana was incorporated in 1979, listed on the Main Market ofBursa Malaysia Securities Berhad in 1992 and rebranded in 2013.We have since become one of Malaysia’s leading conglomerateswith diversified business interests in Property Development &Property Management, Property Investment, Recreation & Resorts,Investment Holdings and more. Tropicana is also investing in thefuture with digital platforms such as the Tropicana 360 mobile appto fully integrate our business into the online sphere, providing ourcustomers with a modern and up-to-date experience for all thingsTropicana.We remain focused on delivering long-term, sustainable growthand maximising our shareholders’ value. Having acquired a 2,144acre total landbank with over RM77 billion GDV and achievingRM1.06 billion in revenue in 2020, we’ve crossed many milestonesand received numerous awards along the way. We are constantlyinnovating with new and exciting developments and living conceptsaround the country, moving us ever closer towards our vision ofbecoming the nation’s leading property developer.𝐎𝐔𝐑 𝐕𝐈𝐒𝐈𝐎𝐍We strive to be the leading property group that delivers innovativeand quality products that enhance stakeholders’ value𝐎𝐔𝐑 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒 𝐏𝐑𝐈𝐍𝐂𝐈𝐏𝐋𝐄1. Our Customers Come First2. Our Commitment to Our Shareholders3. Our People are Our Greatest Assets4. Our Teamwork
BELLE PROPERTY
1,272
+61 1300 363 992
Belle Property is a sophisticated boutique real estate network that offers a full-service agency experience, catering to both the premium and middle markets. Belle Property has 100 offices in select lifestyle locations across New South Wales, Victoria Queensland, South Australia and the Australian Capital Territory. Belle Property strives for outstanding presentation, strategic marketing, genuine client service and superior sales skills, all which are the core ingredients of a premium outcome at any price level. Our network of agents, property managers and admins represent the highest level of professionalism, expertise, and ethics within the industry, operating with honesty, purpose and integrity. As a company, our priority is the training and development of our people. The Belle Property Academy training department is award-winning; being recognised as the Training and Education Program of the Year at the 2019 REB Awards. We continue to invest in the development of our people as we believe its what sets us apart.
HUTTONS REAL ESTATE GROUP
1,300
+65 6253 0030
Established since 2002, Huttons Group(合登集团)is Singapores Largest Private Real Estate Agency. We are winners of numerous awards for innovative technologies and industry first initiatives over the years. In association with Savills, we have more than 5,200 professionals marketing hundreds of local and international projects over 8 countries.As The Preferred Agency of Choice, we strive to provide the highest level of service to clients through vast knowledge across different market segments, and with empathy. Growing from strength to strength, Huttons is also expanding rapidly and extending our reach abroad, making it a seamless experience for our clients to buy and sell properties globally.
SAVILLS
12,403
+65 6836 6888
Savills is a global real estate services provider with a network of more than 40,000 people in over 700 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East. A FTSE 250 company (LON: SVS) headquartered in London, Savills advises corporate, institutional and private clients who are seeking to acquire, lease, develop or realise the value of residential and commercial property in the worlds key locations.
ERA REAL ESTATE
3,174
+65 6226 2000
We dont adapt to change. We create it. We form connections that help us to innovate and stay ahead of the real estate game. We are Chuck Taylor embracers - community and team supporters. We are growth hackers that find ways to win and win big.We believe that our core values of collaboration, innovation, diversity and growth are needed more than ever in today’s real estate industry. Our values have allowed us to evolve into technology warriors and solution architects.We want to help you create the career of your dreams. Because when you succeed, we all do.ERA Real Estate has been in the business of fulfilling the dream of home ownership for 40 years, beginning as Electronic Realty Associates. Today, it is one of the worlds leading residential franchise brokerage networks.As a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services, ERA Real Estate offers unique programs that benefit home buyers, home sellers, and agents including the ERA® Sellers Security® Plan, ERA Select Services®, ERA Distinctive Properties®, TEXTERA, ERA TransAct, ACHIEVE, and ERA Beyond.
THE EXECUTIVE CENTRE
803
+65 6808 6288
The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 165+ centres in 33 cities and 14 markets. It is the third-largest serviced office business in Asia.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first-class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business needs.
Top Real Estate Companies in Vietnam
Key Statistics from 2022
According to the General Statistics Office, the real estate industry contributed 10.6% to Vietnam's GDP in 2022. The industry also provided employment opportunities to over 2 million people. The residential segment accounted for the majority of the industry's activity, with apartment sales reaching a record high of 70,000 units in 2022, an increase of 35% compared to the previous year. The commercial segment also experienced significant growth, with the development of shopping centers, office buildings, and industrial parks.
Factors Contributing to its Growth and Success
The growth and success of the Real Estate Industry in Vietnam can be attributed to various factors, including the government's investment in infrastructure and policies to attract foreign investment. The government has implemented policies to promote foreign investment in the industry, such as tax incentives, streamlined administrative procedures, and improved investment regulations.
Another factor contributing to the industry's growth and success is Vietnam's strategic location in Southeast Asia. Vietnam's location provides easy access to major regional markets, such as China and ASEAN, making it an attractive destination for foreign investors seeking to establish a foothold in the region.
Industry Growth and Comparison to Previous Years
The Real Estate Industry in Vietnam has experienced significant growth over the past decade. In 2011, the industry contributed 3.8% to Vietnam's GDP, and by 2022, it had increased to 10.6%. The residential segment has been the main driver of growth, with apartment sales increasing from 14,800 units in 2011 to 70,000 units in 2022.
Key Trends
Technological advancements have been a key trend in the Real Estate Industry in Vietnam. The adoption of new technologies, such as virtual reality, artificial intelligence, and digital platforms, has become increasingly popular in the industry, allowing for more efficient and cost-effective operations. Additionally, the development of smart buildings and green buildings has improved energy efficiency and environmental sustainability.
Another trend is the increasing focus on sustainable urban development. With the growing awareness of the importance of environmental sustainability, there is a growing emphasis on developing sustainable urban environments. This presents an opportunity for the industry to invest in sustainable building practices and technologies to reduce their environmental impact.
Challenges
Despite the industry's growth and success, it still faces several challenges. One of the main challenges is the lack of transparency in the industry. There is a need for more transparency in real estate transactions, property ownership, and land-use regulations to improve investor confidence and reduce risks.
Another challenge is the shortage of affordable housing. Despite the industry's growth in the residential segment, there is still a significant shortage of affordable housing, particularly for low-income families. This presents an opportunity for the industry to invest in affordable housing solutions to address this issue.
Future Outlook
The future outlook for the Real Estate Industry in Vietnam is positive. The country's growing economy and strategic location make it an attractive destination for foreign investment in the industry. Looking ahead, the industry will continue to play a critical role in the country's economic and social development.
One potential area for further growth in the industry is the development of green buildings. With the increasing demand for environmentally sustainable buildings, there is an opportunity for the industry to invest in sustainable building practices and technologies to meet this demand. Additionally, the development of smart buildings and the adoption of new technologies will continue to improve the efficiency and sustainability of the industry.
Another potential area for growth is the development of the commercial segment, particularly in the office and industrial segments. With the increasing demand for office space and the growth of e-commerce and manufacturing, there is an opportunity for the industry to develop new commercial properties to meet this demand.
Conclusion
In conclusion, the Real Estate Industry in Vietnam has been a critical contributor to the country's economic growth and development. The industry has experienced significant growth over the past decade, driven by the government's investment in infrastructure and policies to attract foreign investment. Addressing challenges such as the lack of transparency and shortage of affordable housing will be critical to sustaining the industry's growth in the long term. The development of sustainable and smart buildings and the growth of the commercial segment presents exciting opportunities for the industry to continue its contribution to the country's economic and social development.