Vietnam's property market continues to present a mixed but encouraging picture in 2026. While Hanoi's retail property sector is undergoing a period of adjustment, Ho Chi Minh City's residential market remains resilient, supported by limited supply, strong demand, and improving infrastructure connectivity. The contrasting performance between the two cities highlights the importance of market selection as investors navigate Vietnam's evolving real estate landscape. Hanoi's Retail Market Faces Adjustment Hanoi's prime retail corridors continue experiencing pressure as changing consumer behaviour and the growth of e-commerce reshape demand for traditional street-front retail space. Vacancy levels have become more noticeable in several key commercial areas as landlords and tenants adjust to shifting market conditions. The correction has also impacted retail-linked residential assets, with demand softening compared to previous years. Rental rates for townhouses across several submarkets have declined from their recent peaks, reflecting a more cautious operating environment for retailers and property owners. Despite these short-term challenges, Hanoi remains an important commercial centre, and the current adjustment may create opportunities for well-capitalised investors focused on long-term value. Ho Chi Minh City Continues to Lead Residential Growth In contrast, Ho Chi Minh City's residential market remains one of Vietnam's strongest-performing sectors. Limited new supply, improving infrastructure, and sustained buyer demand continue supporting price growth across the city. Average apartment prices in central Ho Chi Minh City reached new highs during the first quarter of 2026, driven largely by high-end and luxury developments. The shortage of mid-market housing options has also contributed to upward pressure on prices. Growth is not limited to the city centre. Formerly independent areas such as Binh Duong and Ba Ria-Vung Tau continue benefiting from expanding infrastructure and stronger regional connectivity, supporting residential demand and investment activity throughout the wider metropolitan area. Infrastructure Continues to Support Long-Term Demand One of the strongest themes across Vietnam's property market remains infrastructure-led growth. Continued investment in transportation networks and urban expansion projects is improving accessibility between major economic centres and surrounding residential markets. As connectivity improves, suburban and emerging growth areas are becoming increasingly attractive to both homebuyers and investors seeking more affordable entry points and long-term appreciation potential. Outlook Vietnam's property market is expected to remain supported by urbanisation, infrastructure investment, and long-term housing demand. While Hanoi's retail sector may continue adjusting to changing consumer trends, Ho Chi Minh City's residential market is likely to remain resilient due to limited supply and strong buyer interest. For investors, opportunities increasingly lie in understanding the differing dynamics between cities and focusing on markets supported by strong economic and infrastructure fundamentals. Download to see insights from other country marketsDownload

Thailand is increasingly positioning itself as one of Asia's emerging wealth destinations, supported by a growing population of high-net-worth individuals, strong tourism recovery, and rising demand for premium lifestyle properties. As global wealth becomes more mobile, Thailand is attracting investors and affluent buyers seeking both lifestyle benefits and long-term investment opportunities. Rising Wealth Supports Luxury Property Demand A key trend shaping Thailand's property market is the rapid growth of its ultra-wealthy population. According to recent forecasts, the number of ultra-high-net-worth individuals in Thailand is expected to grow significantly over the coming decade, making it one of Asia's fastest-growing wealth markets. This growth is supporting demand for luxury residences, branded developments, wellness-focused properties, and high-end lifestyle assets, particularly among both local and international buyers. Bangkok and Phuket Remain Key Investment Destinations Thailand's strongest luxury property demand continues to be concentrated in Bangkok, Phuket, and Samui. Bangkok remains the country's financial and business hub, while Phuket and Samui continue attracting buyers seeking resort-style living, second homes, and long-term lifestyle investments. Demand is particularly strong for branded residences, waterfront homes, wellness communities, and premium condominiums, reflecting changing buyer preferences towards quality living environments and long-term value. Lifestyle and Mobility Drive Buyer Decisions One of the most important emerging trends is the concept of "Ultra Mobility", where wealthy individuals choose to live, work, and invest across multiple countries. Thailand benefits from this trend due to its lifestyle appeal, healthcare system, wellness offerings, hospitality sector, and relatively attractive cost of living compared to many global cities. The country's strong tourism sector, growing family office presence, and expanding luxury services ecosystem are also helping strengthen its position as a regional wealth and investment destination. Outlook Thailand's luxury property market is expected to remain well-supported throughout 2026. Rising regional wealth, tourism recovery, and growing international demand should continue benefiting premium residential developments in Bangkok, Phuket, and Samui. As more affluent buyers prioritise lifestyle, wellness, and long-term residency options, Thailand is becoming increasingly attractive as both a wealth destination and a luxury real estate investment market. Download to see insights from other country marketsDownload

Singapore's residential property market regained momentum in March 2026, with new private home sales recording a sharp recovery following the Lunar New Year period. Supported by major project launches and stable economic conditions, buyer demand returned across both mass-market and luxury segments. Major Project Launches Drive Sales Activity Developers sold 1,300 new private homes in March, representing a significant increase from the previous month and marking one of the strongest monthly performances in recent periods. New launches played a key role in driving activity, with projects such as Pinery Residences and River Modern attracting strong buyer interest. Demand was supported by factors such as convenient access to public transport, established amenities, and attractive locations, highlighting the continued importance of connectivity and lifestyle convenience in buyer decision-making. OCR Continues to Lead Buyer Demand A notable trend in March was the strong performance of the Outside Central Region (OCR), which accounted for more than half of total new home transactions. This reflects continued demand for homes offering greater affordability and value compared to central locations. At the same time, the Core Central Region (CCR) and Rest of Central Region (RCR) also recorded healthy activity, indicating that demand remains broad-based across different segments of the residential market. Luxury Segment Shows Renewed Strength The luxury residential market also staged a recovery, with a significant increase in transactions involving properties priced above S$5 million. High-net-worth buyers continued to show interest in premium developments, supported by Singapore's reputation as a stable and attractive wealth preservation destination. The return of activity in both mass-market and luxury segments suggests confidence remains healthy despite a more selective global investment environment. Outlook Singapore's property market is expected to remain active through the second half of 2026. Upcoming launches, stable employment conditions, and manageable mortgage rates should continue supporting buyer demand. While market activity may moderate from March's exceptionally strong performance, the outlook remains positive, particularly for well-located projects that offer strong connectivity, amenities, and long-term value. Download to see insights from other country marketsDownload