Vietnam Residential Real Estate - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

Vietnam residential real estate market size stands at USD 33.19 billion in 2025 and is forecast to reach USD 57.08 billion by 2030, translating into an 11.45% CAGR and signaling one of the most dynamic growth outlooks in Southeast Asia.

Demographic momentum, a steady flow of foreign direct investment into industrial corridors, and streamlined housing regulations together keep residential demand robust across price bands. Large-scale transport projects such as Ho Chi Minh City's Metro Line 2 and the planned Ring Road 4 are progressively pushing demand into peri-urban districts, broadening the geographic footprint of new supply. Villas and landed houses are beginning to close the growth gap with high-rise apartments as household wealth expands, while digital mortgage platforms that cut loan approval times below five days are lifting transaction velocity. Despite moderate fragmentation, the market benefits from professionalized developers whose integrated township models permit cross-subsidization of infrastructure and residential assets, limiting project-level risk exposure.

Vietnam Residential Real Estate Market Trends and Insights

Rising Urban Middle Class & Household Formation in Tier-1 and Tier-2 Cities

Vietnam's Q1 2025 GDP expansion was the strongest first-quarter performance since 2020, directly lifting disposable incomes and urban household formation. Young professionals in tier-2 cities such as Hai Phong are gaining purchasing power faster than their tier-1 peers because living costs remain lower, amplifying affordability. Developers have broadened project pipelines in these locations, confident that infrastructure investments will keep migration inflows steady. Construction activity registered a noticeable uptick in early 2025, mirroring the demand pipeline. The demographic dividend, therefore, delivers both immediate absorption and a durable buyer base, anchoring the Vietnam residential real estate market to long-term consumption fundamentals.

Surging FDI-Led Industrial Corridors Creating Housing Demand Near IZs

Foreign direct investment reached USD 2.4 billion in Q1 2025, a 46% year-over-year jump that is closely correlated with residential launches adjacent to industrial zones. Korean conglomerates are pioneering integrated industrial-residential ecosystems in northern provinces where expatriate engineers and local skilled workers prefer proximity housing. These clusters enjoy predictable take-up rates because factory start-ups trigger phased housing demand. As worker incomes rise, an upgrade cycle forms, stimulating mid-market and eventually high-end demand in the same micro-catchments. The industrial-housing nexus, therefore, embeds a self-reinforcing growth loop into the Vietnam residential real estate market.

Fragmented Land-Title System & Prolonged Red-Tape for Land-Use-Right Certificates

Developers frequently confront multi-step approvals to secure land-use-right certificates, delaying launches and adding holding costs. Novaland's legal clearance for nearly 7,000 units in Ho Chi Minh City highlights the administrative burden on even well-resourced firms. Although the 2024 Land Law introduces annual land-price lists to replace five-year cycles, the learning curve may lengthen processing times in the near term. The drag on project timelines can mute supply response, elevating prices and curbing affordability in the Vietnam residential real estate market.

Other drivers and restraints analyzed in the detailed report include:

1. Relaxed Foreign Ownership Caps in 2023 Housing Law Amendments
2. Rapid Expansion of MRT and Ring-Road Projects Unlocking Peripheral Land Banks
3. Periodic Credit Caps on Real-Estate Lending by SBV

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Apartments and condominiums controlled 68% Vietnam residential real estate market share in 2024, primarily because high-rise formats optimize scarce urban land and match the lifestyle expectations of younger households. The Vietnam residential real estate market size for apartments is projected to stay dominant but expand at a slightly slower pace than landed products as demographic cohorts age. Villas and landed houses are on track for a 12.05% CAGR through 2030, underpinned by wealth accumulation and returning diaspora buyers seeking land ownership.

Hanoi registered a 9% quarter-over-quarter increase in primary apartment supply during Q1 2024, whereas Ho Chi Minh City saw a 35% quarterly drop because of delayed approvals, signaling regional imbalances. Rising secondary prices stimulate upgrade moves into larger units or suburban villas, narrowing the price gap. For developers, the landed segment offers premium margins per square meter and allows phased construction that aligns with demand absorption, a strategic hedge against approval volatility in the vertical segment.

Mid-market properties captured 45% of the Vietnam residential real estate market size in 2024 as they deliver an optimal mix of price and amenity for a widening middle class. Even so, the affordable category is forecast to expand at 13.11% CAGR up to 2030 as government social-housing quotas and reduced-interest mortgages lift eligibility for buyers under 35 years.

State Bank credit guidance steers capital toward affordable schemes, insulating the segment from macro-prudential tightening that weighs on luxury launches. Resolution 77, adopted in April 2025, further reduced clinker taxes to tame construction input costs, enabling developers to sustain unit prices without sacrificing margins. As the policy-driven supply ramp unfolds, developers equipped with standardized designs and modular construction methods will capture volume while meeting environmental and ESG targets.

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)

List of Companies Covered in this Report:

1. Vinhomes
2. Novaland Group
3. Dat Xanh Group
4. Sun Group
5. Phat Dat Corporation
6. Hung Thinh Corporation
7. Nam Long Investment Corporation
8. Khang Dien House Trading and Investment
9. Keppel Land Vietnam
10. CapitaLand Development (Vietnam)
11. Gamuda Land Vietnam
12. FLC Group
13. SonKim Land
14. Phu My Hung Development
15. An Gia Investment
16. Ecopark Corporation
17. BCG Land
18. Masterise Homes
19. VSIP / Becamex
20. Rever (PropTech)
21. CenLand

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support