| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 4.14 Billion |
| Market Size (2030) | USD 7.84 Billion |
| CAGR (2025 - 2030) | 13.65 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Vietnam Luxury Residential Real Estate Market Analysis
The Vietnam Luxury Residential Real Estate Market size in terms of transaction value is expected to grow from USD 4.14 billion in 2025 to USD 7.84 billion by 2030, at a CAGR of 13.65% during the forecast period (2025-2030).
Vietnam's luxury residential real estate market is experiencing significant growth, driven by the nation's expanding economy and increasing urbanization. Cities such as Ho Chi Minh City and Hanoi are becoming key locations for luxury developments, attracting wealthy domestic buyers and international investors. The rise in high-net-worth individuals (HNWIs) in Vietnam, one of Asia's fastest-growing markets for HNWIs, is a major factor in this trend. In 2023, the number of HNWIs in Vietnam grew by over 9%, highlighting their critical role in driving demand for high-end residential properties.
This expanding market has garnered global attention, with international developers making substantial investments in Vietnam's luxury housing sector. For instance, CapitaLand announced a USD 500 million luxury residential project in Ho Chi Minh City in April 2024, targeting affluent buyers. Furthermore, branded residences are emerging as a prominent trend, combining luxury living with the prestige of renowned hotel brands. In September 2024, Marriott International partnered with a local developer to launch a premium residential project in Hanoi, offering world-class amenities tailored to the ultra-luxury segment.
The Vietnamese government has actively supported this market through favorable policies. Amendments to the Housing Law in 2024 have simplified property ownership processes for foreign investors, enhancing Vietnam's attractiveness as a destination for luxury real estate investments. The combination of rising affluence, international interest, and supportive regulations has positioned Vietnam as a leading hub for luxury residential developments in Southeast Asia.
Vietnam Luxury Residential Real Estate Market Trends
Rising Economic Contribution of Real Estate Highlights Growth Opportunities in Market
Vietnam's real estate sector has consistently expanded, underscored by its growing contribution to the national GDP. This expansion highlights the sector's pivotal role in molding the nation's urban landscape, especially with the rise of luxury residential developments in cities like Ho Chi Minh City and Hanoi. As Vietnam's populace becomes more affluent, and with a notable uptick in high-net-worth individuals (HNWIs), the demand for upscale properties has surged, fueling this segment's growth.
CapitaLand exemplified this trend with its April 2024 announcement of a USD 500 million luxury residential project in Ho Chi Minh City, targeting both local and international affluent buyers. In a parallel move, Marriott International, in collaboration with a Vietnamese developer, unveiled a branded luxury residential project in Hanoi in September 2024. This venture boasts exclusive amenities and services, highlighting the deepening ties of global brands within Vietnam's luxury housing arena. Additionally, the Vietnamese government's 2024 amendments to the Housing Law, which streamlined property ownership for foreign investors, have ignited interest in the luxury residential domain.
These developments illustrate the alignment of Vietnam's real estate growth, as evidenced by its GDP contributions, with the rising significance of luxury housing. With a blend of economic advancement, supportive policies, and bolstered investor confidence, Vietnam is solidifying its stature as a burgeoning epicenter for luxury residential real estate in Southeast Asia.
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High-Rise Luxury Apartments Gain Traction in Hanoi and Ho Chi Minh City
Rapid urbanization and increasing demand for upscale living spaces have positioned Hanoi and Ho Chi Minh City, Vietnam's two largest urban centers, as key markets for high-rise luxury apartments. With limited land availability in central areas, developers are prioritizing vertical developments. This approach aligns with the preferences of affluent buyers seeking luxury, convenience, and proximity to business districts and urban amenities.
In February 2024, Vinhomes announced plans for a premium high-rise residential complex in Hanoi's Tay Ho district. Targeting high-net-worth individuals and expatriates, the project will feature state-of-the-art apartments and exclusive amenities. Similarly, in August 2024, Keppel Land launched the second phase of its high-rise luxury development in Ho Chi Minh City, incorporating advanced smart home technologies and sustainable design elements. Additionally, in May 2024, South Korean conglomerate Lotte Group introduced its Lotte Eco Smart City project in Thu Thiem, Ho Chi Minh City, which includes high-rise luxury apartments as part of its integrated urban development.
Kusto Home's Diamond Island development in District 2 of Ho Chi Minh City also expanded with a new high-rise tower in early 2024. This project emphasizes riverside living, luxurious apartment designs, and private facilities, appealing to affluent domestic and international buyers. These developments highlight Hanoi and Ho Chi Minh City's strategic importance in Vietnam's growing luxury residential real estate market.
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Vietnam Luxury Residential Real Estate Industry Overview
Vietnam's luxury residential real estate market is relatively fragmented, with local and global players existing in the market. Key players in the market are leveraging partnerships, acquisitions, and mergers to capture the market share. Some of the major players in the market include SonKim Land, Dat Xanh Group, FLC Group, Vingroup, and CapitaLand.
Vietnam Luxury Residential Real Estate Market Leaders
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DAT XANH GROUP
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FLC Group
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Vingroup
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CapitaLand
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SonKim Land
- *Disclaimer: Major Players sorted in no particular order
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Vietnam Luxury Residential Real Estate Market News
- November 2024: Vietnam's luxury apartment prices currently range between USD 5,400 and USD 15,000 per square meter. This aligns with the country's economic growth, which not only fuels real estate demand but also indicates potential for capital appreciation.
- November 2024: KITA Group, the investor behind the Kieu by KITA project, has formalized a cooperation agreement with 10 prominent strategic partners to distribute its luxury apartments. These partners, key players in Vietnam's high-end real estate distribution market, include CEN HCM, CBRE (Vietnam), POW Property, Savills Vietnam, SG Property, Mapleland, Vietcapital Land, KĐ, Loc Phat Hung, and Aqua Home.
Vietnam Luxury Residential Real Estate Industry Segmentation
Prime location, high-end interior finishes such as marble countertops, professional-quality kitchen appliances, customized closets, and hotel-like amenities such as concierge services, a top-of-the-line fitness center, and a spa center are often staples of a luxury building.
Vietnam's luxury residential real estate market is segmented by type (apartments and condominiums, villas, and landed houses) and by cities (Ho Chi Minh City, Hanoi, and other cities). The report offers market size and forecasts in USD for all the above segments.
| By Type | Apartments and Condominiums |
| Villas and Landed Houses | |
| By City | Ho Chi Minh City |
| Ha Noi | |
| Other Cities |
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Vietnam Luxury Residential Real Estate Market Research FAQs
How big is the Vietnam Luxury Residential Real Estate Market?
The Vietnam Luxury Residential Real Estate Market size is expected to reach USD 4.14 billion in 2025 and grow at a CAGR of 13.65% to reach USD 7.84 billion by 2030.
What is the current Vietnam Luxury Residential Real Estate Market size?
In 2025, the Vietnam Luxury Residential Real Estate Market size is expected to reach USD 4.14 billion.
Who are the key players in Vietnam Luxury Residential Real Estate Market?
DAT XANH GROUP, FLC Group, Vingroup, CapitaLand and SonKim Land are the major companies operating in the Vietnam Luxury Residential Real Estate Market.
What years does this Vietnam Luxury Residential Real Estate Market cover, and what was the market size in 2024?
In 2024, the Vietnam Luxury Residential Real Estate Market size was estimated at USD 3.57 billion. The report covers the Vietnam Luxury Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Luxury Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Vietnam Luxury Residential Real Estate Industry Report
Statistics for the 2025 Vietnam Luxury Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Luxury Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
