Foreign Companies Dominate Real Estate Service Market

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Apr. 14 – Foreign real estate service providers dominate the market in Vietnam with an estimated 90 percent of market share, reports Vietnam Net Bridge.

The top three companies in the industry are foreign players CBRE Vietnam, Savills Vietnam and Colliers, followed by local service providers like Megagroup, Eden, Him Lam and VietRees.

CBRE has been in the country for more than a decade, Savills for 11 years and Colliers for 14 years. Director of Megagroup, Nguyen Xuan Chau, told  Vietnam Net Bridge that foreign companies have the advantage of many years of experience and established management practices.

The real estate service market includes specific services for developers, owners, tenants and investors. A real estate service company usually offers consultancy services, property management, space planning, facilities management, corporate real estate services, leasing, valuation and sales for various types of property.