HCMC, 4th November 2025 - Savills Vietnam has successfully hosted a series of events celebrating their 30th Anniversary and Quarterly Market Review in HCMC (October 28) and Ha Noi (October 31). Attendees included over 800 partners, clients, investors, media representatives, and Savillians (employees) who had worked with Savills over the last 30 years.
The past three decades have been a memorable journey; defined by significant milestones and shared experiences through the highs and lows of the Vietnamese real estate market. Established in 1995 as Chesterton Petty, Savills was a pioneering international property consultancy, quickly standing out with instructions on iconic projects such as Diamond Plaza and Indochine Park Tower. Following the official acquisition by Savills PLC in 2008, the firm diversified its comprehensive service offerings, to include property management, valuation, and in-depth research, solidifying its market leadership.
During the challenging 2016 – 2025 period, Savills maintained its commitment to growth, opening new LEED certified offices in both HCMC and Hanoi, as well as a new Residential Sales office in Thu Thiem.
However, the real opportunities are still to come, leveraging the continued growth of Vietnam’s real estate market and Savills’ full service platform. With international expertise and local experience, together with an unyielding spirit of innovation, Savills is ready to partner with clients to deliver superior solutions, fostering the sustainable development of Vietnam’s real estate market.
Q3/2025 Real Estate Market: Recovery and Sustainable Growth Expectations
According to the Savills Q3/2025 Real Estate Market Report, the Vietnamese economy continues to maintain an impressive growth. With GDP increasing by 7.9%, registered FDI reaching US$28.5 billion, and exports growing by 16%, there is a strong foundation for the property market to show continued positive growth momentum.
In HCMC, key sectors showed signs of recovery. Office and retail supply maintained an average occupancy rate of around 90%, reflecting stable demand from technology, finance, and commercial service enterprises. The apartment market recorded the launch of 5,200 primary units with an absorption rate of 51%, while the low-rise housing segment showed improved liquidity due to reasonable pricing and crucial infrastructure developments like Ring Road 3 and Ben Luc - Long Thanh Expressway.
Ha Noi's market continued to register stable momentum in office and retail, with increasing rents and occupancy. The apartment supply reached 6,300 new units, with an absorption rate exceeding 80%, reflecting increasingly strong demand from owner-occupiers. New FDI into manufacturing reached US$3.9 billion, positioning Ha Noi as the third-largest FDI recipient nationwide.
Neil MacGregor, Managing Director of Savills Vietnam, commented: “The essential foundations for the growth of Viet Nam’s real estate market are now in place. We have the new Land, Housing and Real Estate Business Law, which together form a legal framework for healthier and more sustainable development. This will allow regulatory bodies to accelerate project licensing, reduce supply pressure, and introduce fresh products to the market. This is a vital prerequisite for maintaining stable growth, controlling the pace of price increases, and ultimately achieving the sustainable development of Viet Nam’s residential market.”
Savills Continues to Pioneer Sustainable Value Creation and a 10-Year Vision
The Vietnamese real estate market is entering a new growth cycle. In 2025, alongside the implementation of new legal regulations, state management bodies will tighten monitoring and regulation to ensure the market develops on the right trajectory. The economy is forecast to stabilise which, together with infrastructure investments, will significantly boost real estate demand.
Currently, new trends including smart cities, the application of A.I. in property technology, and sustainable development are defining the landscape. Affordable housing is another key focus, supported by mechanisms to promote public-private partnerships and comprehensive development.
Regarding the long-term vision, MacGregor believes that over the next decade, the market will be shaped by three key drivers: A stable and transparent legal framework, robust FDI influx driven by more efficient approval processes, and an infrastructure boom (such as Ring Road 3 and expressways). These will open up suburban markets, consequently bolstering the supply of affordable housing and logistics facilities.
With 30 years of practical experience and a comprehensive service ecosystem, Savills Vietnam continues to be a leading property consultancy. The company remains resolute in its mission to deliver optimal solutions, enhance transparency, and partner with stakeholders to create sustainable value, and foster comprehensive development of the Vietnamese market.