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Number of rich people increases sharply - Bright door for high-end real estate segment

(CLO) The rapid economic growth has boosted the number of rich people in Vietnam. This is a potential customer base for the real estate industry, especially in the high-end segment with increasing demand and requirements for quality of housing.

Công LuậnCông Luận16/03/2025

Branded real estate - The name speaks to the owner's class

In 2024, Vietnam has quite impressive growth marks when GDP increased by 7.09%. Foreign direct investment (FDI) reached 38.23 billion USD, belonging to the group of 15 developing countries attracting the largest FDI in the world. In 2025, Vietnam's growth target is from 8% and the following years will reach double digits.

Strong economic growth is the driving force behind the sharp increase in the number of people in the wealthy group. A report from the global asset company New World Wealth and investment consultancy Henley & Partners shows that Vietnam is the country with the fastest growth rate of USD millionaires in the world, increasing by 98% in just 10 years from 2013 to 2023. This unit also predicts that Vietnam will witness the world's "biggest" asset growth, at 125% in the next 10 years.

The number of rich people is increasing strongly, bringing prosperity to the high-end real estate sector, picture 1.

Figures in the report by New World Wealth and Henley & Partners published in 2024

The rapid growth of assets has also led to a sharp increase in demand for luxury goods, especially real estate. Vietnam is among the countries with the highest real estate ownership rate in the world at 90%, higher than Singapore (88%), Indonesia (84%), the US (66%) and Australia (66%).

The Vietnamese people's great demand for real estate ownership comes from the common reason of high and stable yields. In particular, in addition to investment, the wealthy group also considers owning high-end real estate as a way to affirm their position.

The number of rich people is increasing strongly, bringing prosperity to the high-end real estate sector, picture 2.

Vietnam's real estate ownership rate is among the top in the world.

The best opportunity of the decade in the western market of the capital

With the strong development of the economy and the speed of asset accumulation, the criteria that the rich set for high-end real estate products, whether for living or investment, have become more stringent. In particular, the main goal is to focus on the real values ​​that real estate brings, from the potential for infrastructure development, synchronous utilities, residential communities, to quality of life and lifestyle.

The number of rich people is increasing strongly, giving rise to luxury real estate segment, picture 3.

Vinhomes' branded real estate is like a super powerful black card honoring the owner's status.

That is also the reason why branded projects in Hanoi, such as Vinhomes Riverside, Vinhomes Green Bay... always maintain the heat in the secondary market even though they have been sold out for many years. At the time of launch, these projects were considered new factors leading the market trend by raising the standards of the whole area with a model urban area model with a comprehensive and high-class ecosystem of utilities and services. In particular, these are all projects that contribute to defining an entire land when "transforming" the urban appearance and building a civilized and crowded community of residents. Those sustainable values ​​go hand in hand with the growth rate of real estate value over time, from 20 - 40% price/year.

“The name speaks for itself. These are all projects that if you say you live or own real estate there, you will certainly receive respect and admiration from others. But most of the people who own them will not sell them, so whenever there is a house, there will be customers who will buy it. The demand is high, so many people are willing to pay high prices to own these branded products. For example, at Vinhomes Green Bay, a lakefront villa was recently advertised for sale at over VND1 billion/m2,” said Mr. Van Trung, a long-time broker in Hanoi.

In the new development phase, branded real estate is still the leading trend of the market. However, very few of the newly launched projects can fully meet the criteria of the rich. That is also the reason why all the market's attention is focused on the West Thang Long area, where the most anticipated project of the decade - Vinhomes Wonder City has just been launched.

The number of rich people is increasing strongly, bringing prosperity to the high-end real estate sector, picture 4.

Vinhomes Wonder City perfectly meets the real estate ownership needs of the upper class residents.

Possessing the most prime location in the West of Hanoi, this project benefits directly from the billion-dollar infrastructure system, such as Tay Thang Long Avenue, Thuong Cat Bridge, Hong Ha Bridge, Ring Road 3.5, Ring Road 4, Hoang Quoc Viet extended road and Metro Line 4... Therefore, investors consider this an ideal place to live, and at the same time the most suitable destination to welcome the new cycle of the real estate market.

At Vinhomes Wonder City, a city of trendy experiences created by an all-in-one ecosystem, including 99 diverse, classy utilities and a diverse green space system. The construction density of the metropolis is only 26.7% and the area for trees and water surface is up to 24.9 hectares. Along with that is a chain of 19-hectare parks, three large squares of nearly 10,000m2, a golf course complex of more than 4,000m2... These high-class utilities bring a high-class and completely different living standard - which is what the rich people in the West always aspire to own.

The number of rich people is increasing strongly, bringing prosperity to the high-end real estate sector, picture 5.

Vinhomes Wonder City offers the most classy living space in the west of the capital.

In particular, Vinhomes Wonder City's unique product planning will also reshape the quality of life in the area. Accordingly, nearly 100% of the project's low-rise products have a frontage of 8m or more; 100% have a backyard garden of about 20 - 30m2 and are designed with trendy architecture.

Unique and classy values ​​have made Vinhomes Wonder City the center of the real estate market in early 2025. Combined with a limited number of products, just over 2,200 low-rise apartments, this masterpiece has opened up a race for ownership, in which victory is only reserved for customers who know how to quickly seize the best opportunity of the decade in the Western market of the capital.

PV


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