Vietnam branded residences market leads Asia Pacific in total residential supply

The Vietnam branded residences market is growing very fast today. Vietnam is now a major center for luxury real estate in the Asia-Pacific region. According to global research reports, Vietnam has the highest number of branded residence units in the region. Worldwide, Vietnam ranks third, behind only the United Arab Emirates and the United States.

Global Standing of the Vietnam branded residences market

Vietnam has 68 projects with more than 16,000 branded residence units. Thailand has more total projects, but Vietnam has more total residential units. This result shows that developers in Vietnam focus on building large projects. Many global hotel brands now choose Vietnam for their main expansion plans.

City and Coastal Growth in the Vietnam branded residences market

Ho Chi Minh City has the highest number of units in the country. Coastal cities like Ha Long, Da Nang, Phu Quoc, and Hoi An also have many major projects. In these projects, residential units make up 96% of the total inventory. This number shows that buyers want real homes rather than just hotel rooms.

International Brands Driving Market Growth

Many famous global hotel operators are expanding rapidly in Vietnam. Accor is currently the leading operator with many famous brands like Fairmont, Sofitel, and Mercure. Other luxury brands like Marriott and The Ritz-Carlton are also building high-end projects. These famous brands help increase the quality and value of real estate in Vietnam.