_Expanding our network: Vietnam office opening

Over the last 125 years, Knight Frank have expanded its footprint to service the markets where our clients need us to be. Vietnam is becoming an increasingly important centre in Asia Pacific real estate markets, and we are delighted to welcome long-term resident and market leader, Alex Crane and his team to our global network.

Vietnam is an attractive market with promising fundamentals - a young, well-educated population, strategically located for the region’s supply chains, enviable economic growth, growing private wealth, and an increasingly important market for our international clients. 

The Vietnam real estate market is experiencing rapid growth with substantial foreign investment inflows continuing, despite the pandemic. Vietnam’s key position in global supply chains has helped propel local service industries, leading to industrial land prices rising by an average of 8% per year and the fast-growing office market maintaining around 90% occupancy in Ho Chi Minh and Hanoi.  Prime residential real estate remains robust, with the average sale price of apartments in Ho Chi Minh City increasing 19% year on year to USD$2,800 per sqm.

The team will help local and foreign owners, occupiers, investors, and developers in all aspects of commercial real estate in Vietnam, particularly Ho Chi Minh City and Hanoi. The core services will include brokerage for office, industrial and logistics property, capital markets and investment property, consultancy, and research.   

Contact Alex Crane, managing director, Knight Frank Vietnam for more information or visit our website www.knightfrank.com/vietnam