Vietnam commercial real estate market size reached USD 17.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 63.0 Billion by 2033, exhibiting a growth rate (CAGR) of 14.1% during 2025-2033. The growing demand for modern warehousing and distribution centers, increasing focus on eco-friendly building practices and green certifications, and rising demand for commercial properties, such as hotels, resorts, and retail spaces in tourist hubs, represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type.

The Vietnam Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail and More), by Business Model (Rental and Sales), by End User (Individuals / Households and More) and by Region (Ho Chi Minh City, Hanoi and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Vietnam Real Estate & Mortgage Market size was valued at USD 46.30 Billion in 2024 and is projected to reach USD 107.6 Billion by 2032, growing at a CAGR of 11.2% from 2026 to 2032.

Vietnam Real Estate & Mortgage Market: Definition/Overview

Real estate refers to land and any permanent structures or improvements attached to it, encompassing a wide range of properties including residential homes, commercial buildings, and industrial sites. It is considered a tangible asset that holds intrinsic value and can be used for various purposes such as living, working, or investment.

Real estate also includes natural resources found on the land, such as water, minerals, and crops. In contrast to personal property, which consists of movable items not permanently affixed to land, real estate is characterized by its immobility and the legal rights associated with ownership, which can include the ability to lease, sell, or develop the property.

The Vietnam residential real estate industry is a rapidly growing market, with a market size of $25.26 million in 2025 and a projected CAGR of 12.55% from 2025 to 2033. The market is driven by a number of factors, including rising incomes, urbanization, and a growing middle class. The market is also supported by a stable political environment and a strong banking system. Key trends in the Vietnam residential real estate market include a shift towards high-rise developments, an increasing demand for luxury properties, and a growing interest in green buildings. The market is also seeing a rise in the number of foreign investors, who are attracted by the country's strong economic growth and its relatively low property prices. Major cities such as Ho Chi Minh City, Hanoi, and Danang are experiencing the highest demand for residential property, with prices in these areas rising rapidly. Developers are responding to this demand by building more high-rise projects and luxury apartments. Recent developments include: November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. Products at Phat Dat projects. The sponsored project is the Thuan An 1&2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of ​​Thuan An City, connected to many large industrial clusters in Binh Duong. The project has completed its legality with an investment of more than 10,800 billion VND, including apartment products, shophouses, and townhouses., October 2023: Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning. Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning.. Key drivers for this market are: 4., Rapid Urbanization and Rising Disposable Income4.; Government Initiatives and Expanding Economy. Potential restraints include: 4., Limited Land Availability4.; Economic Uncertainties. Notable trends are: Rising Government Initiatives and Social Housing Development Policies.

Vietnam Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, and Villas & Landed Houses), by by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), by City (Ho Chi Minh City, Hanoi, Da Nang, Nha Trang and Other Cities). The Report Offers Market Size and Forecast Values (USD) for all the Above Segments.

Vietnam Commercial Real Estate Market was valued at USD 19.83 Billion in 2024 and is projected to reach USD 59.04 Billion by 2032, growing at a CAGR of 14.61% during the forecast period from 2026-2032.

Commercial real estate (CRE) refers to properties used for business purposes, primarily for revenue generation through leasing or rental activities. This category includes a wide variety of property types, such as office buildings, retail spaces, industrial facilities, and multifamily dwelling units.

Commercial real estate has a wide range of purposes; it can be used to house businesses, offer important services to communities, or as an investment vehicle to generate capital gains and consistent cash flow.

The ASEAN office real estate market, valued at approximately $100 million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 9% from 2025 to 2033. This expansion is fueled by several key factors. The region's burgeoning economies, particularly in Vietnam, Indonesia, and the Philippines, are attracting significant foreign direct investment, driving demand for modern office spaces. Technological advancements and the rise of the digital economy are also contributing to increased office space needs, particularly in tech hubs across the ASEAN nations. Furthermore, a growing middle class and a young, increasingly skilled workforce are bolstering the demand for high-quality office accommodations in major cities like Singapore, Bangkok, Ho Chi Minh City, and Jakarta. However, challenges remain. Supply chain disruptions and global economic uncertainties could impact the market's trajectory. Additionally, varying regulatory frameworks across different ASEAN countries may pose obstacles for seamless market integration and development. Despite potential challenges, the long-term outlook remains positive. Strategic investments in infrastructure development, coupled with government initiatives to enhance business environments, are expected to sustain market growth. The increasing adoption of flexible workspaces and sustainable building practices will also shape future market dynamics. Competition among established players like Savills, CBRE, Hines, and local developers is expected to intensify, leading to innovations in design, technology integration, and tenant service offerings. This competitive landscape, along with the underlying economic strength of the region, promises continued expansion for the ASEAN office real estate market in the coming years. While precise regional breakdowns are unavailable, Singapore and Thailand are likely to dominate in terms of market share given their established economies and mature real estate markets. Vietnam, Indonesia, and the Philippines represent high-growth areas with significant potential. Recent developments include: October 2023: The Instant Group (a leading global platform for flexible workspaces) secured a three-year managed office agreement with Arvato Systems Malaysia. The existing office space of Arvato Systems Malaysia in Kuala Lumpur, a pivotal development center for the Arvato Systems Group, is expected to undergo renovation and expansion. Expected to be finished in 2024, the total office space of Arvato Systems Malaysia will be 26,720 sq. ft, with 15,963 sq. ft undergoing refurbishment and an additional 10,757 sq. ft being custom-fit for the company's needs.January 2023: TAM Group, a GSSA (general sales and service agent) based in Hong Kong, expanded its presence in Southeast Asia by opening three new offices. Responding to the increased demand in the region, TAM Group partnered with Thailand’s GP Group and Vietnam’s TP Cargo Transport Services to establish offices in key strategic areas, including Bangkok, Ho Chi Minh City, and Hanoi.. Key drivers for this market are: 4., Increasing Demand for Co-Working Spaces. Potential restraints include: 4., Increasing Demand for Co-Working Spaces. Notable trends are: Demand for Co-Working Spaces is Driving the Market.

The Vietnam industrial real estate market is experiencing robust growth, projected to reach a market size of $19.07 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.42% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, Vietnam's burgeoning manufacturing sector, attracting significant Foreign Direct Investment (FDI), necessitates increased warehousing and factory space. Secondly, the growth of e-commerce is driving demand for modern logistics facilities, particularly around major cities like Ho Chi Minh City and Hanoi. Thirdly, government initiatives promoting industrial zone development and infrastructure improvements are further stimulating market activity. The market is segmented by property type (offices, retail, industrial, logistics, multi-family, hospitality) and key cities, with Ho Chi Minh City and Hanoi dominating the market share due to their established infrastructure and proximity to ports. However, other cities like Quang Ninh and Da Nang are emerging as important secondary hubs, attracting investments in specialized industrial zones. While the market faces challenges such as land scarcity in prime locations and potential infrastructure bottlenecks, the overall outlook remains positive, driven by sustained economic growth and increasing foreign investment. Key players include Vingroup, Dat Xanh Group, FLC Group, and several other prominent construction and investment firms. The long-term forecast indicates continued strong growth, albeit possibly at a slightly moderated pace as the market matures and some supply-side constraints are addressed. The competitive landscape is characterized by a mix of large, established developers and smaller, specialized firms. The market is witnessing increasing sophistication in terms of building design, technology adoption (e.g., smart warehousing), and sustainable development practices. Competition is likely to intensify in the coming years, with companies focusing on differentiation through superior location, quality, and tenant services. The increasing emphasis on sustainability and ESG (Environmental, Social, and Governance) factors will shape future investments and development strategies. Opportunities exist for companies offering specialized logistics solutions, modern warehousing facilities, and properties catering to specific industry needs (e.g., technology, pharmaceuticals). Recent developments include: December 2021: Nam Long Group officially signed a strategic partnership agreement with TBS Land, affirming the long-term companionship of the two sustainable corporations in the Vietnamese business community., August 2021: Nam Long will work with its Japanese partner Hankyu Hanshin Properties Corp. to develop the Izumi City project, which has an estimated total investment capital of VND 18,600 billion (USD 814 million). The project is expected to help Nam Long secure its long-term development strategy over the next five or 10 years.. Notable trends are: Growth in Vietnamese E-commerce to Drive the Industrial Real Estate Market.

The Vietnam Residential Real Estate Market is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), and by Key Cities and Provinces (Ho Chi Minh City, Hanoi, Danang, Hai Phong and More). The Market Forecasts are Provided in Terms of Value (USD)

In 2020, Ho Chi Minh City had the highest average rent for industrial land in Vietnam, amounting to *** U.S. dollars per square meter. With an average rent of *** U.S. dollars per industrial land square meter, Ha Noi was the second most expensive province for industrial rentals.

The Vietnam real estate and mortgage market presents a compelling investment opportunity, exhibiting robust growth and significant potential. With a 2025 market size of $47.59 billion and a Compound Annual Growth Rate (CAGR) of 12.94% projected through 2033, the sector is poised for substantial expansion. Key drivers include a burgeoning population, rapid urbanization, increasing disposable incomes, and government initiatives promoting infrastructure development and foreign investment. Strong demand across residential, retail, logistics/industrial, hospitality, and office segments fuels this growth. The market is segmented by property value (premium, luxury, affordable), reflecting diverse consumer preferences and affordability levels. Major cities like Ho Chi Minh City and Hanoi are key growth centers, attracting significant investment and development. While challenges such as land scarcity and regulatory hurdles exist, the overall outlook remains positive, supported by the sustained economic growth and increasing middle class in Vietnam. Prominent developers like Vingroup, Dat Xanh Group, and Novaland Group are shaping the market landscape, contributing significantly to the ongoing construction and development activities across various property types. The mortgage market complements this real estate boom, providing crucial financing for both individual homebuyers and large-scale development projects. The long-term forecast anticipates continued expansion across all segments, although the growth rate may moderate slightly in later years as the market matures. The segmentation within the market offers further insights into its dynamics. The residential sector, driven by a young and growing population, represents a significant portion of the market. The increasing demand for modern and efficient logistics facilities contributes to the growth of the industrial sector. The hospitality and office segments are benefiting from the rising tourism sector and increasing foreign investment. The premium and luxury segments cater to a growing affluent population, while the affordable segment serves the vast majority of the population, indicating a diverse and robust market structure that caters to varying income levels and preferences. Analyzing the market performance across key cities such as Ho Chi Minh City and Hanoi will provide detailed understanding of geographical variations in demand and supply within the Vietnam real estate market. Further, understanding the role of mortgage finance and the various lending institutions involved is crucial to a complete market analysis. Recent developments include: November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. The sponsored project is the Thuan An 1 and 2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of Thuan An City, connected to many large industrial clusters in Binh Duong. The project completed its legality with an investment of more than VND 10,800 billion, including apartment products, shophouses, and townhouses.June 2023: The world's largest contract electronics maker and assembler, Foxconn, received approval from Vietnam to invest USD 246 million in two new projects in the northern province of Quang Ninh.. Key drivers for this market are: Ho Chi Minh City and Hanoi Experiencing Rapid Urban Expansion, Streamlined Real Estate Lending Services. Potential restraints include: Ho Chi Minh City and Hanoi Experiencing Rapid Urban Expansion, Streamlined Real Estate Lending Services. Notable trends are: Residential Segment Experiencing Rapid Growth in the Market.

Comprehensive dataset of 144 Property investment companies in Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 827 Furnished apartment buildings in Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 125 Low income housing programs in Vietnam as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2023, the Vietnam Real Estate Market reached a value of USD 89.9 million, and it is projected to surge to USD 138.8 million by 2030.

The Vietnam residential real estate market, valued at $25.26 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 12.55% from 2025 to 2033. This expansion is driven by several key factors. Rapid urbanization, particularly in major cities like Ho Chi Minh City, Hanoi, and Da Nang, fuels strong demand for housing. A burgeoning middle class with increasing disposable income is a significant driver, coupled with favorable government policies aimed at stimulating the construction and real estate sectors. The market is segmented by property type (apartments and condominiums, villas and landed houses) and location, reflecting diverse consumer preferences and investment opportunities. Leading developers like Novaland Group, Vinhomes, and others are shaping the market with large-scale projects catering to various price points. While challenges exist, such as land scarcity in prime urban areas and potential regulatory changes, the overall outlook for Vietnam's residential real estate sector remains positive due to sustained economic growth and a growing population. The forecast period (2025-2033) anticipates a considerable market expansion, with the CAGR of 12.55% suggesting significant investment potential. The market segments show varying growth trajectories. Apartments and condominiums, favored for affordability and accessibility, are expected to maintain a dominant share. Villas and landed houses, appealing to higher-income segments, will experience growth, albeit potentially at a slower pace than apartments. Regional variations are also anticipated, with Ho Chi Minh City likely to continue leading in terms of market share due to its economic importance and concentration of businesses. However, Hanoi and Da Nang are also experiencing significant growth as secondary hubs, benefiting from investments in infrastructure and tourism. Sustained economic growth, population increase, and improved infrastructure will remain key catalysts for market expansion throughout the forecast period. However, careful monitoring of macroeconomic factors and regulatory changes will be crucial for effective market navigation. Recent developments include: November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. Products at Phat Dat projects. The sponsored project is the Thuan An 1&2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of ​​Thuan An City, connected to many large industrial clusters in Binh Duong. The project has completed its legality with an investment of more than 10,800 billion VND, including apartment products, shophouses, and townhouses., October 2023: Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning. Phat Dat's investment project of more than 10,000 billion in Binh Duong has been approved for planning.. Key drivers for this market are: 4., Rapid Urbanization and Rising Disposable Income4.; Government Initiatives and Expanding Economy. Potential restraints include: 4., Rapid Urbanization and Rising Disposable Income4.; Government Initiatives and Expanding Economy. Notable trends are: Rising Government Initiatives and Social Housing Development Policies.

The Vietnam Prefabricated Building Market is segmented by material type (concrete, glass, metal, timber, and other material types) and application (residential, commercial, and other applications (infrastructure and industrial)). The report offers market size and forecasts for the Vietnam prefabricated buildings industry market in value (USD billion) for all the above segments.

The Malaysian real estate market, valued at $36.76 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 6.64% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, a burgeoning population and increasing urbanization are creating consistent demand for both residential and commercial properties. Government initiatives aimed at boosting infrastructure development and attracting foreign investment further stimulate market activity. The residential sector, encompassing villas, apartments, and other housing types, is expected to remain a significant contributor to overall growth, driven by rising disposable incomes and a preference for improved living standards. Meanwhile, the commercial sector, including offices, retail spaces, hospitality, and industrial properties, will benefit from a growing economy and increasing foreign direct investment. However, potential challenges exist. Interest rate fluctuations and regulatory changes could impact market stability. Moreover, maintaining sustainable development practices and addressing affordability concerns within the residential market will be crucial for long-term, healthy growth. The segmentation of the market reveals strong performance across various property types. Major players like Hartamas Real Estate, SP Setia Bhd, and IJM Corporation Berhad are leading the development and investment activities, shaping the competitive landscape. While the provided data focuses on Malaysia, future analysis could benefit from a deeper regional breakdown within the country, identifying key growth pockets and understanding localized market dynamics. The forecast period of 2025-2033 presents significant opportunities for investors and developers who can successfully navigate the market’s inherent challenges and leverage emerging trends such as sustainable construction and technology-driven property management solutions. The long-term outlook for the Malaysian real estate market remains positive, with substantial potential for continued expansion fueled by favorable economic conditions and a proactive government approach. This comprehensive report provides an in-depth analysis of the Malaysian real estate market, covering the historical period (2019-2024), base year (2025), and forecast period (2025-2033). It offers invaluable insights into market trends, key players, investment opportunities, and challenges for investors, developers, and stakeholders in the Malaysian property sector. With a focus on high-search-volume keywords like Malaysia property market, Malaysian real estate investment, Kuala Lumpur property prices, and Malaysia residential real estate, this report is designed for maximum visibility and accessibility. Recent developments include: July 2023: Sentral REIT had entered into a deal with MRCB to acquire the 27-storey Menara CelcomDigi in Petaling Jaya for RM450 million. Sentral REIT had announced that the acquisition will be funded with cash raised through a combination of equity and debt funding exercises., September 2023: Malaysia's SkyWorld, developer of the well-known Genting SkyWorlds Theme Park, has acquired 5,300 square meters of land in Ho Chi Minh City, its first land acquisition in Vietnam. SkyWorld will spend VND350 billion ($14.5 million) on acquiring 100% of the Vietnamese firm's shares.. Key drivers for this market are: 4., Increasing demand for green construction to reduce carbon footprint4.; Introduction of technology for manufactruing the of building construction material. Potential restraints include: 4., High cost of purchasing the equipment for development and manufacturing of various construction material. Notable trends are: Oversupply Causing Problems.

Vietnam Land Use: Non-Agriculture: SU: Non-Agricultural Production, Business data was reported at 261.500 ha th in 2015. This records a decrease from the previous number of 277.900 ha th for 2014. Vietnam Land Use: Non-Agriculture: SU: Non-Agricultural Production, Business data is updated yearly, averaging 260.100 ha th from Dec 2006 (Median) to 2015, with 9 observations. The data reached an all-time high of 277.900 ha th in 2014 and a record low of 156.700 ha th in 2006. Vietnam Land Use: Non-Agriculture: SU: Non-Agricultural Production, Business data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.EB004: Land Use: Statistics.

Vietnam Prefabricated Buildings Market size was valued at USD 4.80 Billion in 2024 and is projected to reach USD 7.65 Billion by 2032, growing at a CAGR of 6% during the forecast period 2026-2032.

Vietnam Prefabricated Buildings Market Drivers

1. Infrastructure Development and Urbanisation The demand for prefabricated buildings in the commercial, industrial, and residential sectors is being driven by Vietnam's fast urbanisation. Modular construction is becoming more popular as a result of government programs like the National Urban Development Strategy (NUDS), which encourage sustainable urban growth.

2. Time-saving and Cost-effective Construction When compared to conventional methods, prefabricated constructions drastically cut down on labour costs and construction time. Developers trying to adhere to strict project deadlines and financial constraints will find this efficiency appealing.

3. Growing Need for Inexpensive Housing The need for affordable housing options is urgent due to Vietnam's expanding middle class and growing population. The housing deficit can be addressed in a scalable and economical manner with prefabricated houses.