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)

Technological advancements in the Vietnam Residential Real Estate industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

For the period from 2016 to 2019, Vinhomes had the largest market share in the residential real estate sector in Vietnam, accounting for ** percent of the whole market. Vinhomes is a subsidiary of Vingroup, which is one of the leading conglomerate in Vietnam.

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.

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.

The Vietnam residential real estate market value is estimated to grow at a CAGR of 1.60% in the forecast period of 2025-2034.

Vietnam residential real estate market size reached USD 53.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 148.4 Billion by 2033, exhibiting a growth rate (CAGR) of 10.8% during 2025-2033. The rapid urbanization and the expanding middle-class population, continuous improvements in healthcare, tourism, and education services, and the increasing availability of lower interest rates for home loans 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.

Vietnam residential real estate market valued at USD 33 Bn, projected to reach USD 57 Bn, driven by urbanization, rising incomes, and government policies for affordable housing.

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.

Vietnam Residential Real Estate Market size was valued at USD 26.32 Billion in 2024 and is expected to reach USD 68.5 Billion by 2032, growing at a CAGR of 12.7% from 2026 to 2032.

Key Market Drivers

Rapid Urbanization and Population Growth: Rapid urbanization and population growth drive the Vietnam residential real estate market, increasing housing demand in key cities. According to Vietnam's General Statistics Office, the urbanization rate increased from 34.4% in 2014 to 37.1% in 2023, with an annual urban population growth of 3.4%. The World Bank forecasts that 1 million people relocate to urban areas each year, primarily to Ho Chi Minh City and Hanoi, fuelling demand for apartments and cheap housing. Developers are increasing residential developments, while the government is promoting expansion through housing regulations and infrastructural improvements.

Vietnam Luxury Residential Real Estate Market size was valued at USD 3.9 Billion in 2024 and is projected to reach USD 8.3 Billion by 2032, growing at a CAGR of 10% during the forecast period 2025 to 2032. Vietnam Luxury Residential Real Estate Market: Definition/Overview

Vietnam luxury residential real estate is defined as high-end residential properties in prime locations that provide exceptional quality, design, amenities, and services. These houses are often found in large cities like Hanoi, Ho Chi Minh City, and seaside areas, drawing both wealthy local purchasers and foreign investors. Luxury residential real estate consists of premium villas, penthouses, condominiums, and exclusive gated communities, with amenities such as panoramic views, cutting-edge technology, high-end finishes, and access to recreational facilities such as private pools, gyms, and spas.

The Vietnam Luxury Residential Real Estate market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

The Vietnam real estate and mortgage market exhibits robust growth potential, projected to reach a market size of $47.59 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) exceeding 12.94% from 2025 to 2033. This expansion is fueled by several key drivers. Rapid urbanization, particularly in major cities like Ho Chi Minh City and Hanoi, creates significant demand for residential, commercial, and industrial properties. A burgeoning middle class with increased disposable income fuels the demand for premium and luxury segments, while the affordable housing sector caters to a broader population base. Government initiatives aimed at infrastructure development and attracting foreign investment further bolster market activity. Tourism growth, especially in regions like Quang Ninh and Da Nang, stimulates the hospitality sector's real estate needs. However, market restraints include potential interest rate fluctuations impacting mortgage accessibility and land scarcity in prime urban areas. The market segmentation reveals a diverse landscape; residential construction dominates, followed by robust growth in retail, logistics/industrial, and hospitality sectors. Key players like Vingroup, Vinhomes, Nam Long Investment, and Novaland Group are shaping the market, alongside rising smaller developers catering to niche segments. The forecast period suggests continuous expansion, although potential external economic factors necessitate careful monitoring. The market's strong growth trajectory is likely to persist, driven by continued urbanization and economic development. However, managing risks associated with potential economic downturns and ensuring sustainable development practices are crucial for long-term market stability. The competitive landscape is expected to intensify with both established players and new entrants vying for market share. The diversification of property types and the emergence of innovative financing options will be vital in addressing the evolving needs of both buyers and investors in this dynamic market. Careful consideration of factors such as environmental sustainability and social impact will further shape the future of Vietnam's real estate and mortgage market. Recent developments include: February 2023: Foxconn announced an investment of USD 300 million to expand its manufacturing facility in North Vietnam. Now, the supplier is leasing a new site in the Quang Chau Industrial Park in Bac Giang province, east of Hanoi. A South China Morning Post report reveals that Foxconn has signed a lease with Saigon-Bac Giang Industrial Park Corp for a plot of 111 acres for approximately USD 62.5 million. The lease will run until February 2057., June 2023, The world's largest contract electronics maker and assembler, Foxconn, has received approval from Vietnam to invest USD 246 million in two new projects in its northern province of Quang Ninh., June 2022: No Va Land Investment Group Joint Stock Company announced the completion of a USD 250 million financing from a consortium led by Warburg Pincus. Through this collaboration, Novaland's strong existing market position in the real estate sector – as exemplified by its excellent track record of development and sales, access to a sizable land bank, and proven execution capabilities – will be complemented by Warburg Pincus' global real estate experience and expertise.. Key drivers for this market are: Ho Chi Minh City and Hanoi were experiencing rapid urban expansion, Streamlined Real Estate Lending Service. Potential restraints include: Declining property values as a result of volatile housing markets. Notable trends are: Increased Population and Urbanization.

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.

In 2022, real estate in North Coastal Vietnam was absorbed at a rate of ** percent, followed by Northern Midland and Mountainous area with ** percent of absorption rate. Real estate was one of the leading FDI segments in Vietnam.

Vietnam Real Estate & Mortgage Market Report is Segmented by Type (Residential, Retail, Logistics/Industrial, Hospitality, and Office), Value (Premium, Luxury, and Affordable), and Key Cities (Ho Chi Minh City, Hanoi, Quang Ninh, and Da Nang). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

The report covers FDI in Vietnam, Vietnam Real Estate Market Summary, Sectors of Vietnam Real Estate Market, Vietnam Real Estate Market, Vietnam Office Real Estate Market.

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.

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.

In 2023, real estate activities in Vietnam accounted for a GDP value of approximately ****** trillion Vietnamese dong, equivalent to **** percent of the country's total GDP. In that year, Vietnam's total GDP amounted to around **** thousand trillion Vietnamese dong.