Vietnam Surpasses Thailand in Branded Residence Project Pipeline
What happened
Vietnam has surpassed Thailand in the pipeline of condotel and branded-residence projects. This shift is part of a broader trend toward larger, integrated mixed-use townships that combine hotels, branded residences, and second homes. Phu Quoc is noted as a key area of this shift, with infrastructure expansion anticipated ahead of APEC 2027.
From vir.com.vn
Why it matters
The market is moving toward affordable luxury and wellness-oriented living, reflecting changing expectations among buyers and travelers. This trend suggests that smaller, independent developers may face a more challenging market as larger projects establish new tourism and lifestyle destinations. The growth reflects a rapidly expanding segment across the Asia-Pacific region.
From vir.com.vn
Who's involved
- VietnamCountry where the growth in branded residence projects is occurring.
- ThailandCountry that was surpassed in the branded residence project pipeline.
- Tourism Authority of ThailandGovernment agency whose market promotion efforts may face regional competition.
- PhuketLocation in Thailand that may face competitive pressure from the regional market shift.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ThailandSpeculative
Thailand might face challenges in sales and investment as Vietnam surpasses it in branded residence projects.
- Tourism Authority of ThailandSpeculative
The Tourism Authority of Thailand could see its market promotion efforts challenged by Vietnam's growth in branded residences.
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The entities involved
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- The Ordinary is expanding its presence and strengthening its brand portfolio within the Thai market.
- Thailand and Vietnam are competing as major activity markets in Asia.
- Tourism trends are being mentioned in Thailand.
- Phuket is being highlighted as a test case for sustainable tourism in Thailand, with input from Singaporean hotel managers.