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The supporting industry boosted the development of Vietnam's industrial real estate market last year, according to CBRE Vietnam Co, Ltd.

After announcing plans to expand its presence in Singapore, co-working space provider WeWork set to open two new locations in Vietnam before the end of the year.

UK based Workthere, a website listing platform and brokerage services, has entered the Vietnamese market to help businesses find flexible, co-working and serviced office spaces in a country where co-working has expanded rapidly.

Vietnam's real estate market continues to attract foreign investors because of its growth potential, especially investors from the Republic of Korea, according to real estate consulting companies.

Western area was the major supplier of condominium projects in the capital city of Hanoi, accounting for 77 percent of the total new units in the second quarter, said CBRE Vietnam, a provider of commercial real estate services, at a meeting in Hanoi on October 9.

Ho Chi Minh City’s realty sector experienced a hazy first half of the year, with dwindling supply of both high-end and pocket-sized apartments, according to insiders.

The office market in Ho Chi Minh City continued stable growth in the first half of this year, with some increases in rental prices and areas, according to major property consultant firms.

The east of Hanoi leads the new supply of landed property, covering 80 percent of the total new launch in the first half of 2019, property consultancy CRBE Vietnam announced in an event to review the capital city’s real estate market from January to June and the future trends.

Vietnam, boasting complete infrastructure, abundant industrial property on offer and a line-up of inked free trade pacts, is an attractive destination for world’s leading corporations, who are shifting production out of China due to high costs, said real estate consulting company CBRE Vietnam.

Adopting green building standards and certifications is highly desirable, especially with rising energy costs and pollution, experts told a conference in Ho Chi Minh City on April 11.

The number of town houses and villas put up for sale in Hanoi in the first quarter rose to 2,600, a record high in three years, property consultancy CBRE Vietnam said on April 10.

Convenience stores with many advantages are expected to dominate the local retail market, according to experts.

The Ministry of Construction has asked provinces and cities to report on home ownership by foreigners and Viet kieu (overseas Vietnamese) in Vietnam.

Demand for shophouses is soaring in Ho Chi Minh City with the mushrooming of small service establishments, experts said.

The supply of luxury housing products has increased so fast that it has outstripped that of affordable units, according to realty experts.

‘Smart homes’ are becoming a new trend in Vietnam’s housing market, however experts say that standards for ‘smart’ projects are needed.

New policies promoting development of the domestic automobile sector will create opportunities for the industrial real estate market, according to a CBRE Vietnam report released in December.

The hi-end property market in Ho Chi Minh City holds great attractiveness to Asian investors, especially those from China, according to CBRE Vietnam.

Vietnam’s e-commerce market is predicted to boom in the near future, given that 53 percent of the population uses the internet and nearly 54 million people use smartphones.

The US – China trade war would generate more opportunities than challenges for Vietnam’s real estate market, experts said at the Vietnam Real Estate Summit (VRES) in Hanoi on December 12.