Việt Nam’s residential property market is drawing significant attention from High-Net-Worth Individuals (HNWIs) and investors, driven by the country's strong economic performance, ongoing urbanisation, and its key role in the “China+1” strategy, according to Knight Frank’s Asia-Pacific Horizon Report Part 4: *“Quality Life-ing: Mapping Prime Residential Hotspots”*.

The report, released on November 25, highlights Việt Nam as a standout market within the luxury real estate sector, with its robust GDP growth of 6.1% forecast for 2024, positioning it as the second-fastest-growing economy in the region, just behind India. High-end apartment prices in HCM City and Hà Nội range from US$5,400 to 15,000 per square meter, aligning with global luxury markets while presenting significant growth potential.

With continued infrastructure development, including highways, metro systems, and airports, emerging urban areas like District 1 and Thủ Đức City are seeing increased property values, attracting both expatriates and investors. Việt Nam’s mix of luxury and affordability is expected to support long-term growth in its residential market.

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