The latest trends to sweep Vietnam’s real estate market

Owning real estate will no longer be a priority for millenials across the world, who will make up half of the global workforce by 2020, according to PriceWaterhouseCooper’s latest Millenials at Work report. The latest trends in real estate development show that environmentally-friendly and smart co-living and co-working models promise to change Vietnam’s property market in 2018.  Co-living  Shared accommodation is forecast to be the leading trend, as co-living and co-working spaces are becoming more popular among young people. A recent report on Global Market Perspective by Jones Lang LaSalle Vietnam shows that the main target for shared accommodation is young people, and investments have started pouring in. Many co-working spaces have opened in Hanoi over the past few years. Photo courtesy of Toong co-working space.  Just last year, Ascott Limited, an international serviced residence owner-operator, introduced a new co-living brand called Lyf (pronounced “life”) which is designed for and managed by millenials who wish to experience local life.  Shanghai, Tokyo, London and Paris are forecast to be the cities where demand will rocket to satisfy the increasing need for co-working space among both transnational corporations and startups.  Green and smart offices Inside Deutsches Haus HCMC. The building is smart, modern and energy-saving.  Green offices have been popular in Vietnam for the past two years, but demand has only recently started increasing for offices that are both green and smart, especially in Saigon.  According to a representative from JLL Vietnam, Deutsches Haus, located in HCMC’s District 1, pioneers the trend for smart-green offices. The building is… [Read full story]

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