Luxury real estate dominates portfolio of super-rich 08:00 | 15/12/2020
Real estate has been consistently placing high on the investment portfolio of the worldâs super-rich. What about the super-rich in Vietnam? Â
The establishment and development of the luxury real estate segment in Vietnam seems to always be associated with the fast-growing middle and upper classes. In recent years, this market is heating up thanks to the sharp increase of wealthy Vietnamese.
According to statistics by the UKâs leading real estate consultancy Knight Frank, in 2019, Vietnam had 25,727 millionaires, an increase of 12 per cent compared to 2018, with 458 super-rich people (those having assets worth more than $30 million), an increase of 7 per cent compared to 2018. This is considered the most promising target customer of luxury real estate projects.