Category: Property Developers & Off-Plan

Do you plan to buy property in Vietnam?
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Vietnam’s real estate market opened in 2015 as restrictions were lifted on foreign ownership.

A decade or two back, you could barely find new highrise condominiums as few foreigners were living in the country and developers eyed opportunities elsewhere.

Regulations have become significantly more relaxed and you can invest in real estate if you’re allowed to enter the country. There’s no regulation on the number of condo units you can buy as well.

With that said, the buying process differs much from what many people are used to at home. In this article, I explain how it works when buying off-plan properties in Vietnam.

Topics covered:

• What is an off-plan property?
• Buying Process for Off-Plan Property in Vietnam
• Payment in Instalments
• Receiving a Delegation Letter
• The Differences of Buying From Vietnamese and International Developers
• Opening a Bank Account

What is an off-plan property?

Off-plan and pre-construction properties are properties or pieces of land that are not yet developed or with any structures.

By selling units as construction commence, the developer can secure funding and proceed to the next stage of the development.

Buyers, on the other hand, can purchase units at lower prices as the value will increase as the construction commence and the surrounding areas develop.

Novice investors can even make great profits by procuring and selling units before construction has started.

Of course, there might be risks of investing in off-plan properties as well. The market might drop, the final result be different from your expectations, or the developer might not be able to finalize the project.

In such scenarios, other developers can take on and finalize the project, if they are willing to.

Buying Process for Off-Plan Property in Vietnam

Below I’ve included the step-by-step process that foreign buyers adhere to when booking and paying for an off-plan property in Vietnam. Continue reading Buying Off-Plan Property in Vietnam: A Foreign Buyer’s Guide

Do you plan to buy property in Vietnam?
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Many foreigners are not as familiar with Sun Group compared to other big property developers in Vietnam, including Vinhomes and Novaland. With that said, Sun Group has many well-known projects under its name.

A difference between Sun Group and other developers is that they build both residential property, infrastructure developments (like bridges), and branded hotels.

In this article, we list Sun Group’s projects in Vietnam and explain what makes each project unique. Let’s start with one of its bespoke and high-end apartment projects.

1. Sun Grand City Thuy Khue Residence

Sun Grand City Thuy Khue Residence is a premium condominium project with a large shopping center complex. Finalized in 2018, the project is merely 100 meters away from West Lake, offering a tranquil environment.

Residents can enjoy many green areas and vegetation as 45% of the total area is dedicated to green landscape, square, and different amenities. The project has high-end apartments built in a modern design and with contemporary furniture.

Continue reading Sun Group Projects in Vietnam 2021

Do you plan to buy property in Vietnam?
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Vietnam might not be the biggest market for Mapletree, with that said, it’s a leading Singapore-based developer that operates in dozens of countries. Since it entered the market, Mapletree has primarily built commercial projects in Vietnam, such as office space, business centers, and warehouses.

But, you’ll also be able to find a handful of residential and mixed-use projects built by the company.

In this article, we review Mapletree’s projects in Ho Chi Minh, Hanoi, Bac Ninh, and Binh Duong. Keep in mind that the two latter ones are industrial cities so all of the projects there are commercial.

Mapletree Projects in Ho Chi Minh

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Locations of the projects listed

1. One Verandah

One Verandah was completed in District 2 in 2018 and has become one of the most popular and bespoke projects in Ho Chi Minh. In 2018, One Verandah one several rewards at the PropertyGuru Vietnam Property Awards, including:

• Best High-End Condo Architectural Design
• Best High-End Condo Landscape Architectural Design

The project has a modern design with many green areas in the surroundings. Thu Thiem, the new financial district, is located a short drive away. Residents and investors can enjoy high yields and plenty of facilities and amenities, including a BBQ pavilion, gym, tennis court, library, swimming pool, and more.

Completion: 2018

Address: Thanh My Loi Ward, District 2, Ho Chi Minh City, Vietnam

Continue reading Mapletree Projects in Vietnam 2021

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Vinhomes is a subsidiary of the large conglomerate, Vingroup, and one of the biggest commercial real estate developers in Vietnam. Since its inception, Vinhomes has become a publicly listed company and builds projects in 40 cities all over Vietnam.

As Vinhomes has built projects in so many cities, it would be difficult to cover them all in this article. Therefore, we have limited the selection to the three most popular cities for foreign property buyers in Vietnam: Ho Chi Minh City, Hanoi, and Da Nang.

Vinhomes Projects in Ho Chi Minh

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Location of Vinhomes projects in Ho Chi Minh

1. Vinhomes Central Park

Vinhomes Central Park is one of Ho Chi Minh City’s most famous condominium projects and finalized in 2017. The project has 18 blocks, 10,000 condominium units, and 80 villas, located along Saigon River in Binh Thanh District. The condo units are modern and bright with balconies, new appliances, and suitable for families and couples.

Residents have access to a large park with jogging tracks, BBQ pits, ponds, and more. Besides, there are plenty of restaurants, barbershops, supermarkets, and cafes in the area. You can also find Southeast Asia’s tallest skyscraper in the project next to the project, Landmark 81, stretching 461 meters.

Completion: 2017

Continue reading Vinhomes Projects in Vietnam 2021

Do you plan to buy property in Vietnam?
Click here to get in touch with an experienced agent

CapitaLand is a renowned property developer in Singapore and entered Vietnam as early as 1994. It was one of the first foreign developers in the country and has built up a strong local presence.

Even if CapitaLand is based in Singapore, they primarily build residential, mixed-use, and commercial projects in other Asian countries, such as China and Vietnam. The company is famous for its high-quality and modern developments, priced in the medium to the high segment.

In this article, we list CapitaLand’s residential projects that are finalized, under construction, or planned for the future in Vietnam.

CapitaLand Projects in Ho Chi Minh

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Locations of CapitaLand’s projects in Ho Chi Minh

1. Feliz en Vista

Feliz en Vista is a large project with 4 blocks, 1,200 units, and more than 100 facilities. It’s strategically located in District 2 with just a 5-minute drive to the new financial district, Thu Thiem. Also, it’s only a 7-minute drive to District 7, one of the most developed and expat-dense areas. Continue reading CapitaLand Projects in Vietnam 2021