Vietnam Leads Asia's USD 40 Billion Branded Residence Market with USD 8 Billion in Value, Surpassing Thailand
🏠 Vietnam's branded residence market, now valued at USD 8 billion, leads Asia, surpassing Thailand (USD 6.4 billion) and South Korea (USD 5.8 billion). In 2023, Vietnam had 15,762 units in 47 projects, with 38% in the luxury segment. Major growth areas include Da Nang (3,034 units) and Ho Chi Minh City (2,903 units). With 83% of residences co-located with hotels, Vietnam’s booming tourism drives development. Key infrastructure upgrades target the 2027 APEC Economic Leaders’ Week.
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