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Increasing Demand for Co-Working Office Space & PropTech taking Speed in Vietnam to drive the Country’s Real Estate Space: Ken Research

The report covers various aspects including introduction of the Vietnamese real estate market, macroeconomic overview, Vietnam and regional office, hotel, retail and the residential market 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 and future outlook of Vietnam real estate market. Major players include Vietcom Bank, Deutsches Haus, Diamond Plaza, Vincom Centre,, Emerge and

The Co-working Supply (in NLA) within Vietnam is expected to grow with a CAGR of 23.0% during 2018-2025 therefore, indicating potential of co-working space in Vietnam due to increasing number of international players entering the Market.

Da Nang retail market supply is expected to show the highest growth along with a projected CAGR of 17.0% during 2018-2025, particularly in the districts of Thanh Khe, Hai Chau and Son Tra regions. PropTech is the future technology that will disrupt the Real Estate Market in Vietnam, buy creating a smart ecosystem of connected technology and online real estate services.

Vietnam Real Estate Market-Infographic

Global Brands Flock to Vietnam Co-Working Market: The co-working business in Vietnam has come under spotlight by global brands and the market is becoming competitive as brands offer service innovations and new revenue streams contained within one property. Recently Vietnam’s potential for the Co-Working business has become evident to global brands. Brands such as Toong, Regus, WeWork and others have started entering Vietnam indicating the scope of the Co-Working business. Major Co-working Brands such as Toong offer 7 co-working spaces across Ho Chi Minh City and Hanoi regions; and Regus Co. offers 8 co-working spaces in both cities. Vietnam is expected to have more co-working spaces in the coming future.

Da Nang’s Real Estate Market – The Upcoming 3rd Business Centre:  Da Nang region has showcased strong potential over the years and has become a business center in Vietnam. In terms of real estate, the market has witnessed strong growth over the years. Its population size has been rising at a CAGR of 1.8% from 2013-2018 and will become a strong source of demand. The office real estate supply (in NLA) is expected to grow at a CAGR of 8.9% and the retail supply is expected to grow at a CAGR of 17.0% during 2018-2025. Also, the total number of hotel rooms in Danang region was estimated to grow at a forecasted CAGR of 8.5% during 2018-2025. These statistics indicate the potential that Da Nang region has to offer as an upcoming business center in Vietnam.

PropTech, the upcoming Disruptive Technology in the Vietnam: PropTech basically refers to technology that is aimed at the real estate industry and attempts to change the way people buy, sell, finance and manage property. It helps property developers and real estate businesses to make changes and adapt to a new generation of customers via internet, building brands and then directing their products to the right targeted buyers. Technologies used include using 3D / VR in creating floor plans, block-chain in real estate, technology in construction, drones in real estate industry, environmental sensors, property classifieds, co-working spaces, smart cities and others.

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) by Ken Research suggested that the Real Estate Market in Vietnam is growing and carries major potential in each of its sub segments. The government’s policies favoring the real estate market such as the Housing Law and the Law on Real Estate Business coupled with the dynamics of global trade causing companies to migrate away from China to Vietnam driven by Vietnam’s low cost land and labor forces, will elevate Vietnam’s Real Estate Market to greater heights. Vietnam’s office market supply (in NLA), retail market supply (in GLA), residential market supply (in units) and hotel market supply (in total number of keys) is projected to grow by a CAGR of 5.7%, 9.9%, 15.4% and 8.1% respectively over the forecast period 2018-2025 thus, showcasing the potential of real estate in Vietnam in the near future.

Key Segments Covered:-

Vietnam Office Real Estate Market

By Type:

Grade A Office

Grade B Office

Grade C Office

By Geography:


Ho Chi Minh


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:


Ho Chi Minh


Vietnam Residential Real Estate Market:-

By Type:



Villas and Townhouses

By Geography:


Ho Chi Minh


Vietnam Hotel Real Estate Market:-

By Type:

3 Star Hotels

4 Star Hotels

5 Star Hotels

Others (Less than 3 Star Hotels)

By Geography:


Ho Chi Minh


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


For more information on the research report, refer to below link:-

Vietnam Real Estate Market

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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications


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