Topic: Savills

The serviced apartment segment in Vietnam's capital continues its positive growth trajectory, fueled by robust foreign direct investment and ambitious infrastructure projects that are enhancing regional connectivity, according to a report by Savills.

The recovery of tourism is the key factor to help Vietnam's resort market attract foreign investors.

Amid the challenges faced by Vietnam’s real estate sector, the consultants reported, retail property in HCMC remained remarkably stable during the first nine months of this year.

Savills HCMC has said that brands from Japan and South Korea occupy nearly half of all retail space in Ho Chi Minh City. CBRE, meanwhile, has said that foreign players continued to expand in the third quarter of the year, with the appearance of many international brands in the fashion, sports, and F&B sectors.

Analysts at Savills have said that attractive production and logistics costs for trade as well as relatively low risks make Vietnam an attractive market for investment. Many US tech companies and businesses have therefore invested in the country.

According to consultants Savills, many residential real estate products in Hanoi have long been setting new price levels. The Grade B segment has grown the most over the past five years. Savills expects, however, that residential real estate will not see many sudden changes in the second half of 2022.