Buying A Condo In Ho Chi Minh City

Improving Infrastructure—Ho Chi Minh’s new metro system is being constructed and is due to be completed by 2020. Apartments and condos situated close to brand new metro stations are set to see price increases of up to 20% after the system is completely finished. Learn more about the Ho Chi Minh City property market through trends and average prices. 3 Bedroom Apartment for sale at The River Thu ThiemThe River Thu Thiem is located on Vong Cung Boulevard, Thu Thiem, District 2, Ho Chi Minh. Residents of the project have direct access to international university clusters within a 200-meter radius,… 1 Bedroom Apartment for sale at The River Thu ThiemThe River Thu Thiem is located on Vong Cung Boulevard, Thu Thiem, District 2, Ho Chi Minh.

There are four ways Gateway Thao Dien has kept its commitment to its demanding home buyers. Do Thi provides the fastest and most accurate market information in Vietnam. Through the advanced site browser, users can find all about buying, selling, renting across all provinces and cities in the country.

This also helps the project’s sustainability as expensive materials don’t need to be imported. Investors may be surprised by the level of commitment Gateway Thao Dien has shown. It seems delays and misinformation are common complaints for anyone investing in property in Ho Chi Minh City. Luckily, Gateway Thao Dien has delivered on its word, and even provided added value for its investors – something rarely seen in the local real estate market.

As Line 1’s construction nears completion, property values will rise for anything in the line’s vicinity – that includes Gateway Thao Dien, which is right by the metro. Dia Oc Online aims to contribute to the sustainable growth of information-sharing and Saigon real estate infrastructure in Vietnam. Besides housing listings and information, consultancy on decoration, interior design and feng shui are also provided to users for reference.

Founded in the UK in 1855, Savills is one of the world’s leading property agents. Our experience and expertise spans the globe, with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East. Rental Yields—Expect steady improvements in rental returns with average potential rates around 6%-8% per annum. This is relatively higher when compared to neighboring cities such as Bangkok, Hong Kong, and Singapore.

Explore tree-lined boulevards that line this former French colony via bicycle taxi whilst sun-seekers can head to Phan Thiet beach. For retail therapy and vibrant nightlife, there is an abundance of boutique stores, cafes, and bars around Dong Khoi Street. Don’t miss Ben Thanh Market selling numerous goods including traditional cone-shaped hats as well as a host of authentic outdoor restaurants. 3 Bedroom Apartment for sale at Thao Dien GreenThao Dien Green is located right on the facade of 192 Nguyen Van Huong, District 2, Ho Chi Minh City. This apartment is regarded as the final gem available in the Thao Dien region, which is home to… 2 Bedroom Apartment for sale at Thao Dien GreenThao Dien Green is located right on the facade of 192 Nguyen Van Huong, District 2, Ho Chi Minh City.

They want to sell their products and part of their line is more energy efficient stuff. In the next two years, the group plans to open another 12 hotels all over the country, which will bring its total portfolio to 36. But thanks to its eminent location next to one of Vietnam’s most important travel hubs and its many amenities, ibis Saigon Airport is undoubtedly a go-to for all Ho Chi Minh City-bound travellers. Zita is one of the newest additions to the Vietnamese real estate field. With its clean, sleek layout including a city view home page video, Zita sets itself apart from the other competitors.

Both marinas and iconic skyscrapers will pave the way to a luxury property market. A key challenge in the process of Saigon urbanization is preserving green areas and an urban quality of life. While the metro construction in ongoing, local authorities did not hesitate to create the first pedestrian street in the historical centre of the city. Foreign individuals have the right to own residential houses, subject to certain restrictions as compared to Vietnamese citizens and Viet Kieus. In order to own houses, a foreigner is required to have a valid passport with an entry verification stamp marked by the VID and cannot fall under diplomatic or consulate preferences and immunities. Requirements of residency, investment in Vietnam, work permit, social contribution and/or marriage to a local Vietnamese is not necessary for residential housing ownership.

As with developers, you should be sure to choose a highly rated agency with a proven track record. Novaland, Vingroup, Dat Xahn Group, and CapitaLand Vietnam are some of the best and most established property developers in HCMC. Google one of their complete projects, and look at reviews/pictures left by tenants. You should also be aware of the land tax, which can range from 0.03% to 0.15% of your property value, as well as rental income tax, which is a flat 20% rate. Buying a condo in District 5 or 10 is a smart investment for the right person. These areas still have a ways to go in terms of development, but an apartment here could appreciate substantially in the long term.

Districts 1 and 3 comprise the city center while Districts 2, 5, and 10 are rapidly developing. Each offers various benefits and drawbacks for investors and potential residents. Vietnamese law also places strict limits on foreign ownership in condo buildings.

Leave a Reply

Your email address will not be published. Required fields are marked *