How to Buy Property in Nha Trang: A Complete Guide

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Many foreigners buy condominium units or villas for retirement or holiday purposes in Nha Trang.

Compared to Da Nang, the city relies heavily on tourism and doesn’t have as much commercial activity as Ho Chi Minh, Hanoi, and Hai Phuong.

Its relaxed vibe, tasty seafood, and low real estate prices make Nha Trang one of the prime options for real estate buyers. Before you buy real estate here, you must get your feet first though.

In this article, we review some of the most important topics for foreign real estate buyers.

Topics covered:

  • Nha Trang as a Tourist Destination
  • Buying Villas in Nha Trang
  • Buying a Condo in Nha Trang
  • Realtors in Nha Trang

Nha Trang as a Tourist Destination

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Nha Trang is slightly smaller than Da Nang and the 6th biggest city in Vietnam with a population of around 600,000. Being located between Ho Chi Minh and Da Nang has other major cities just around the corner. Continue reading How to Buy Property in Nha Trang: A Complete Guide

Top 8 Furniture Stores in Ho Chi Minh City

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Vietnam might be a big producer of furniture, but foreign property buyers often spend much time trying to find stores for the furnishing of apartments.

While IKEA has sourcing operations in the country, it doesn’t have any retail stores here yet. This leaves many foreign property investors with the only option to visit multiple furniture stores.

Of course, some people seek more premium and unique products than IKEA too.

In this article, I list some of the top furniture stores in Ho Chi Minh City. Worth mentioning is that many of the brands have stores in Hanoi as well.

1. BoConcept

BoConcept is a Danish brand providing modern furniture with a Scandinavian design and minimalist features. Continue reading Top 8 Furniture Stores in Ho Chi Minh City

Vietnam Property Booking Fee: An Overview

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Local and international property developers have entered Vietnam in large numbers, building condominium and villa projects.

The units are often off-the-plan or under construction, resulting in a different purchasing process from resale units.

The first step in the purchasing process of new units is to pay the booking fee. In this article, I cover the topics you need to know about the fee.

Topics covered:

  • What is a property booking fee?
  • Is the property booking fee refundable?
  • Property Types Requiring Booking Fees
  • How much is the property booking fee in Vietnam?
  • How can I pay the property booking fee?

What is a property booking fee?

Potential property buyers pay a so-called property booking fee for units in off-plan and under-construction projects.

Developers charge the fees in branded condominium and villa projects where there are a large number of units available. Continue reading Vietnam Property Booking Fee: An Overview

Top 10 Real Estate Agencies in Vietnam

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Vietnam opened up to foreign real estate investors as late as 2015 and the market has flourished since.

Most multinationals can be found here, helping local and foreign companies with leasing, appraisal, and investment services, for example.

Having said that, some of the companies focus primarily on market research and consultancy, leaving individual property buyers on the sideline.

In this article, I list some of the top real estate agencies in Vietnam, focusing on Ho Chi Minh City, Hanoi, and Da Nang.

1. Colliers International Vietnam

Colliers International is one of the biggest real estate agencies globally with more than 15,000 professionals. Its yearly revenues reach around USD 2.6 billion.

The company is based in Seattle, Washington, but also has offices in 69 countries including Vietnam. Continue reading Top 10 Real Estate Agencies in Vietnam

Buying Off-Plan Property in Vietnam: A Foreign Buyer’s Guide

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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

Investing in Vietnam Office Space & Buildings: Foreign Buyer’s Guide

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Investing in commercial real estate can be challenging and require much due diligence, especially in a developing country like Vietnam.

As office space or complete buildings can fetch tens of millions of US dollars in cities like Ho Chi Minh, learning about local regulations and how the market behaves should be your main priority at a start.

This typically requires that you work with an experienced local partner. In this article, we review how you can invest in office space and buildings in Vietnam.

Topics covered:

  • Can foreigners buy office space in Vietnam?
  • Setting Up a Real Estate Trading Company
  • Vietnam’s Office Market
  • Interesting Cities to Invest in Office Space
  • How can I find office space for sale?

Can foreigners buy office space in Vietnam?

Vietnam has comparably strict foreign property ownership regulations by Asian standards and we can generally only get hold of condominium units (strata-titled property). Continue reading Investing in Vietnam Office Space & Buildings: Foreign Buyer’s Guide

Buying Property in Da Nang: A Complete Guide

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Da Nang is one of the biggest cities in Vietnam and attracts many local and foreign property investors.

Personally, I believe that Da Nang will become one of the most interesting economies in Vietnam, thanks to its pleasant location along the shoreline and functioning economy.

The city is leading the industrialization of the central parts of Vietnam and welcomes millions of tourists each year.

If you plan to buy property in Da Nang, it’s important that you learn the basics about foreign ownership regulations, where you should buy property, and more.

Topics covered:

  • Is Da Nang a good place to invest?
  • Da Nang’s proximity to other popular cities
  • Where should I buy property in Da Nang?
  • Buying Villas in Da Nang
  • Da Nang Real Estate Listings
  • Da Nang Condo Prices

Is Da Nang a good place to invest?

With a bit more than 1.2 million people, Da Nang is the fifth-largest city in Vietnam and one of the most developed cities in Vietnam. Serving as a demilitarized zone just a few decades back, you can now get access to public WiFi all over the city center. Continue reading Buying Property in Da Nang: A Complete Guide

Investing in Vietnam REITs: A Complete Guide

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Even if Vietnam has emerged as one of the most interesting countries for real estate investments, the buying process can be tedious and complex.

In 2019, projects were put on hold for almost a year and foreigners decided to pull out, being refunded their deposits.

Also, did you know for example that foreigners sometimes pay higher prices than locals, due to the quota of 30% imposed on foreign ownership?

Naturally, if you pay a higher price than a local, you’ll generally suffer from a lower yield and capital gain. That’s simple logic. Fortunately, there’s another way of investing in Vietnam’s real estate market, namely through so-called Real Estate Investment Trusts (REITs).

In this article, we review the REITs available in Vietnam, and if there are any foreign REITs with Vietnam real estate under their portfolio.

Topics covered in this article:

  • Can foreigners buy REITs in Vietnam?
  • How can I invest in REITs in Vietnam?
  • What is REIF?
  • What are the benefits of buying REITs in Vietnam?
  • REITs Available in Vietnam
  • Are there any foreign REITs that own Vietnam real estate?

Continue reading Investing in Vietnam REITs: A Complete Guide

How to Buy Land in Vietnam: A Foreigner’s Guide

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Vietnam has become a new hot-spot for multinationals to set up manufacturing operations and to diversify production from mainland China. The country sees some of the strongest economic growths in Asia along with a young workforce, growing middle class, and strong urbanization.

Buying real estate in Vietnam can be a bit tricky though, especially when it comes to land acquisitions. This is common in most other Southeast Asian countries where states have imposed restrictions on foreign ownership rights.

As the interest in land purchases grows in Vietnam, I decided to write this article where you learn the basics of ownership rights of the land, information about land prices, the taxes you have to pay, and more.

Topics covered:

  • Can foreigners buy land in Vietnam?
  • Land Prices in Vietnam
  • Taxes
  • FAQ

Can foreigners buy land in Vietnam?

Foreigners cannot own land on a freehold basis in Vietnam, like in Malaysia and Japan, for example. Instead, we have to lease the land with a lease term of up to 50 years, sometimes with a possibility for renewal. Continue reading How to Buy Land in Vietnam: A Foreigner’s Guide

Vietnam Real Estate Market Outlook 2021: A Complete Overview

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Vietnam opened up to foreign property investors as late as 2015 and has experienced fast growth since. Buyers from Hong Kong, Mainland China, Singapore, and Korea in particular, see Vietnam as a lucrative market with high ROIs.

Unfortunately, the market was hit hard by the COVID-19 pandemic in 2020 and we saw prices and rents fall by double digits.

With that said, the economy and the real estate market is set to rebound in 2021. Therefore, many investors are eager to understand what our predictions are for the market in 2021.

Therefore, we have written this article where we explain how the market has performed and what our predictions are for 2021.

In this article, we review the following:

How has Vietnam’s real estate market performed in the past years?

Vietnam has emerged as a thriving and fast-growing real estate market in Southeast Asia. Suffering from a housing bust in 2009, the market recovered in 2013 and has seen constant and fast growth.

The main reasons why investors see Vietnam as the number one choice in Asia are:

Continue reading Vietnam Real Estate Market Outlook 2021: A Complete Overview