The report titled “Vietnam Real Estate Market Outlook to 2025 – By Office
Real Estate Market (Grade A, Grade B and Grade C); By Retail Real Estate Market
(Retail Podiums, District Centers and Shopping Centers); By Residential Real
Estate Market (Apartment, Villas, Condominiums and Others) and By Hotel Real Estate Market (3 Star, 4 Star, 5
Star and Other Hotels)” provides a
comprehensive analysis of the real estate space within Vietnam. The report covers various aspects
including introduction of the Vietnamese real estate market, macroeconomic
overview, Vietnam and regional office market coverage
(including current and future supply, demand, gap analysis, rental and
occupancy rate), Vietnam and regional retail market coverage (including current
and future supply, demand, gap analysis, rental and occupancy rate), Vietnam
and regional residential market coverage (including current & future supply,
demand, gap analysis, rental and occupancy rate for apartments, condominiums,
villas and townhouses), Vietnam and regional hotel market coverage (including number
of hotels and keys, ADR, RevPAR and Occupancy rate); and Vietnam and regional
serviced apartment coverage (including current and future supply, demand, gap analysis,
rental and occupancy rate), snapshots for Vietnam industrial and co-working market,
major growth drivers, trends and developments, issues and challenges,
regulatory landscape and competitive landscape (covering competition stage,
market players and competing parameters) of the Vietnam real estate market. The
report concludes with future outlook and projections and analyst
recommendations highlight the major opportunities and cautions in the real
estate space of Vietnam.
Vietnam
Real Estate Market Overview
The period of 2013-2016 was marked
by a steady stream of supply be it office spaces, retail spaces or residential
properties, owing to increasing GDP and FDI into Vietnam. As the demand started
slowing down, the government enforced a major regulatory change to the real
estate law in Vietnam, with a new regulation named the “Housing Law”, which
allowed for foreign nationals to be able to own, rent and lease property if
they had a stamped entry pass port and were not individuals entitled to
preferential treatment or diplomatic immunity. As a result, it reduced the
demand-supply gap. From 2017 and onwards, the total number of international
players in each respective sub market increased. Newer segments such as
condotels, housing societies, co-working spaces, smart and green buildings
emerged. As the per capita GDP rose, the spending power of the people also rose
thereby, resulting in rising rental rates and property prices and the market
becoming more competitive. Young couples, IT & Finance Companies, high
comfort tourism became the upcoming target markets for various real estate sub
sectors.
Vietnam Office Real Estate Market
Vietnam’s office market is a
thriving real estate market, with both domestic and foreign brands for
instance, Vincom group or the Deutsches Haus
respectively, offering office spaces in categories such as Grade A,
Grade B and Grade C offices. Boasting an average occupancy rate of 91.2% in
2018, Vietnam shows strong potential in terms of demand and increasing rental
rates reflect that landlords are also benefitting in the market. Vietnam’s GDP
in 2018 amounted to USD 244.9 billion and GDP per capita amounted to USD 2,563.8,
in 2018, indicating greater ability to own and rent luxury and Grade A office
properties. These factors point towards the scope and profitability of the
office market in Vietnam in the near future.
Vietnam Retail Real Estate Market
According to the global consumer
confidence survey, Vietnam’s consumer confidence index totaled to 122 points in
the year 2018, Vietnam placed fourth in the list of the most optimistic
countries in the world with respect to consumer spending. In accordance with
the Statista database, the total retail sales of goods were evaluated at USD
190.0 billion in 2018. As of 2017, Vietnam had a large number of its working
professionals in the age group of 15-64 years, approximately 57.0% of its
population. This highlights the variability and scope of the demographic which
will engage in retail purchasing in Vietnam, with the food & beverage and
fashion sectors gaining special focus. These statistics highlight the scope of
the retail sales in Vietnam; correspondingly, the retail real estate supply
(GLA) in Vietnam has also increased, growing at a CAGR of 12.4% from 2013-2018.
Vietnam Residential
Real Estate Market
Vietnam’s residential real estate market
has been under the eye of investors since 2015, when the real estate housing law
was enacted. Since then, Vietnam has witnessed a dearth of foreign investors,
coming mostly from China or Korea, who further invest in residential real
estate in hope of stronger returns over the years. Vietnam’s residential market
supply has been growing at a CAGR of 16.5 % in units from 2013-2018 when the
market showcased signs of recovery. With rising population and increased
investments, the country’s residential market is expected to rise in terms of
high potential among the other Asia-Pacific countries.
Vietnam Hotel Real Estate Market
Vietnam has become a tourist hotspot
in recent years, with the number of international tourists growing at a CAGR of
15.4% from 2013-2018. With Business destinations such as Ho Chi Minh City and
Hanoi and upcoming Tourist Destinations such as Da Nang, Vietnam’s Hotel
industry is sure to witness a boom in future. The market is not only driven by
foreign tourism but also by domestic travel. Both local and foreign tourism
drive the demand for hotel rooms. As the disposable income continues to
increase, domestic travelers seek better and more luxurious hotels.
Additionally, foreign visitors, might be price sensitive, but still seek
higher-end hotels when visiting Vietnam, whether for leisure or
meeting-incentives-conference-exhibition (MICE) purposes.
Snapshot on Vietnam Serviced
Apartments Real Estate Market
The serviced apartment business has
witnessed innovation, to allow for improvement in the Long Stay hotel model to
include short and medium term tourists. As “home stay” concept expands, due to
platforms such as Airbnb, travelers are now open to the concept of serviced
apartment, condotels and apart-hotels, which are gaining more popularity. The
serviced apartment CAGR from 2013-2018 was 6.6% indicating the potential growth
of the industry in the market.
Snapshot Vietnam Co-Working Real
Estate Market
The co-working space in Vietnam has
become a lucrative business model in Vietnam in recent years, with supply expected
to grow at a massive CAGR of 23.0% from 2018-2025; the co-working business in
Vietnam has come under spotlight by global brands and the market is becoming
competitive. Service innovations and new revenue streams contained within one
property. In the coming years the number of domestic and global providers in
only expected to increase, as brands for instance, Toong and WeWork have
already entered Vietnam.
Key Segments Covered:-
Vietnam Office
Real Estate Market
By Type:
Grade A Office
Grade B Office
Grade C Office
By Geography:
Vietnam
Ho Chi Minh
Hanoi
Vietnam Retail Real Estate Market:-
By Location:
CBD (Central Business District)
Non CBD (non central business district)
By Type:
Retail Podium
Department Store
Shopping Center
By Geography:-
Vietnam
Ho Chi Minh
Hanoi
Vietnam Residential Real Estate Market:-
By Type:
Apartments
Condominiums
Villas and Townhouses
By Geography:
Vietnam
Ho Chi Minh
Hanoi
Vietnam Hotel Real Estate Market:-
By Type:
3 Star Hotels
4 Star Hotels
5 Star Hotels
Others (Less than 3 Star Hotels)
By Geography:
Vietnam
Ho Chi Minh
Hanoi
Key Target Audience:-
Real Estate Developers
Independent Investors
Real Estate Consulting Companies
Third Party Real Estate Companies
Independent Architects
Government Associations
Government Agencies
Time
Period Captured in the Report:-
Historical
Period – 2013 - 2018
Forecast
Period – 2019F – 2025F
Case
Studies Covered:-
Vietcom Bank
Deutsches Haus
Diamond Plaza
Vincom Centre
Rever.vn
Emerge
Ohana.vn
Key Topics Covered in the Report:-
Vietnam Real Estate Market Scenario,
2013-2018
Vietnam
Office Real Estate Market
Vietnam Office
Real Estate Market Current Market Size 2013-2018
Vietnam Office Real
Estate Market 2019 (f)-2025 (f)
Ho Chi Minh
City Office real Estate Market 2013-2018
Ho Chi Minh
City Office Real Estate Market 2019 (f)-2025 (f)
Hanoi Office
Real Estate Market 2013-2018
Hanoi Office
Real Estate Market Size 2019 (f)-2025 (f)
Vietnam Office
Real Estate Market Recommendations for Critical success Factors
Vietnam Office
Real Estate Market Case Studies
Vietnam
Retail Market
Vietnam Retail
Real Estate Market 2013-2018
Vietnam Retail
Real Estate Market 2019 (F)-2025 (F)
Ho Chi Minh
City Retail real Estate Market 2013-2018
Ho Chi Minh
City Retail Real Estate Market 2019 (F)-2025 (F)
Hanoi Retail
Real Estate Market 2013-2018
Hanoi Retail
Real Estate Market 2019 (F)-2025 (F)
Recommendations
Related to Success Factors of Developing Retail Centers
Vietnam Retail
Real Estate Market Case Study
Vietnam
Residential Market
Vietnam
Residential Real Estate Market Size
Vietnam
Apartment Real Estate Market Current and Future
Ho Chi Minh
City and Hanoi Apartment Real Estate Market Current and Future
Vietnam
Condominiums Real Estate Market Current And Future
Ho Chi Minh
City and Hanoi Condominiums Real Estate Market Current and Future
Vietnam Villas
and Townhouses Real Estate Market Current and Future
Ho Chi Minh
City and Hanoi Villas and Townhouses Real Estate Market Current and Future
Vietnam
Recommendations for Developing Residential Market
Vietnam
Hotel Market
Vietnam Hotel Market Overview
Vietnam Hotel Market Size
Vietnam Recommendations Regarding Success Factors of
Developing Hotels
Revenue Analysis Between Hotels and Serviced
Apartments
Vietnam Serviced Apartments Real Estate Market
Vietnam Serviced Apartments Real Estate Market Size In
Terms Of Supply
Snapshot of Vietnam’s Co-Working Market
Snapshot of Vietnam’s Industrial Real Estate Market
Key Metrics in the Vietnam Industrial Real Estate
Market
Ho Chi Minh City Industrial Market
Hanoi Industrial Market
Snapshot of Da Nang’s Real Estate Market
Da Nang Office Real Estate Market Current and Future
Da Nang Retail Real Estate Market Current and Future
Da Nang Residential Real Estate Market Current and
Future
Da Nang Hotel Real Estate Market
Trends and Developments
Issue and Challenges
SWOT analysis of Vietnam’s Real Estate Market
Vietnam’s Real Estate Value Chain
Disruptive Technologies Overview: PropTech in Vietnam
Overview of the PropTech Market
Eco System for Vietnam’s PropTech Mark
Emerging Technologies into Vietnam’s Property Market
Overview of Sub Markets of Vietnam’s PropTech Market
For more information on the research
report, refer to below link:-
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Reports:-
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Ankur@kenresearch.com
+91-9015378249
