Ho Chi Minh City, District 10 – Property Guide

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District 10 is one of the smallest in Ho Chi Minh and located in the central areas. Being less developed than many other central districts, it’s surrounded by Phu Nuan, District 3, 5, 11, and Tan Binh. It’s not that far away from District 1 either.

You can find many of Ho Chi Minh’s top universities and temples here.

District 10 is the home to mostly locals and comparably less developed to expat-dense areas, such as Thao Dien. With that said, District 10 has much room for growth and property prices are well below those in District 1 and District 3, for example.

In this article, we review a handful of projects in District 1 and whether it’s interesting for property investments.

Property Developments in District 10

Below you can find interesting projects that are finalized, under construction, or planned for the future in District 10. Continue reading Ho Chi Minh City, District 10 – Property Guide

Ho Chi Minh City, District 9 – Property Guide

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District 9 is the biggest in Ho Chi Minh City and located in the Eastern parts. Being one of the least developed districts, it will go through a massive transformation in the coming decade.

The main reason is that Ho Chi Minh expands towards the East and the city will soon connect with neighboring manufacturing hubs, like Bien Hoa and Dong Nai. Besides, land prices are comparably low and you’ll find numerous tech-companies and foreign manufacturers here.

If you visit any of Vietnam’s tourist destinations by road, like Mui Ne, Vung Tau, and Dalat, you’ll most likely pass through District 9. In this article, we review one of the fastest-growing areas in Vietnam and what makes it interesting for property investments.

Property Developments in District 9

Below you can find interesting projects that are finalized, under construction, or planned for the future in District 9.

VinCity Grand Park

VinCity Grand Park is a major mixed-use project built by Vingroup, one of the biggest and most reputable property developers and conglomerates in Vietnam. It’s strategically located close to the High Technology Industrial Park of Ho Chi Minh City next to Dong Nai River. Continue reading Ho Chi Minh City, District 9 – Property Guide

Ho Chi Minh City, District 7 – Property Guide

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District 7 is one of the most developed districts in Ho Chi Minh and the home to many expats and affluent Vietnamese. In the coming years, we will see many new projects being built here, thanks to its strategic location and popularity.

In this article, we review a handful of interesting projects in District 7 and what makes this district interesting. I will also present some local agents and explain more about infrastructure developments and commercial property.

Property Developments in District 7

You can find plenty of established, off-plan, and under-construction projects in District 7. Below I have listed some well-known projects that are worth having a look at now or in the future.

Eco Green Saigon

Eco Green Saigon is a large-scale mixed-use project that will be finalized in 2022. The developer of the project, Xuan Mai Corporation, has put much emphasis on building modern-style units with all the necessities that foreign and locals need, including swimming pools, BBQ pits, fitness areas, and more. Continue reading Ho Chi Minh City, District 7 – Property Guide

Ho Chi Minh City, District 5 – Property Guide

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District 5 is one of Ho Chi Minh’s smallest districts and located southwest of District 1. The district receives less attention than many other central districts like District 1, 4, and Binh Thanh.

It’s mostly famous for its local atmosphere, Chinese community, street food, and night markets. You can also find some of the cities best universities and hospitals here.

In this article, we review District 5 in greater detail and some of its most notable projects. I will also explain briefly about future infrastructure developments.

Property Developments in District 5

Below you can find notable projects that are finalized, under construction, or planned for the future in District 5.

Dragon Riverside City

Dragon Riverside City is a major project built by Phu Long Real Estate and Land Saigon in District 5. The project covers an area of 31,000 square meters, having the majestic 53-story Dragon Tower, the Dragon Mall, and the high-end residential building Dragon Hill Premier.

Here, you can find the biggest convention center in the city, high-end serviced apartments, A-grade offices, and a 5-star hotel. Continue reading Ho Chi Minh City, District 5 – Property Guide

Ho Chi Minh City, District 4 – Property Guide

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District 4 has, despite its favorable location, been considered a bit unsafe compared to other districts. It’s one of the poorest districts historically and gangs have been based in the district since decades back.

That said, District 4 will inevitable change in the coming decade. Since a couple of years back, District 4 has drawn more attention and become a real estate investment hot-spot.

WeWork has opened a large co-working space there, for example, at the same time as we see developers planning for new projects in the district.

As late as October 2019, CapitaLand, which is one of the biggest property developers in Singapore, acquired a 14,474 square meter land plot for a value of USD 38.9 million. Here, they plan to build apartments in the mid-range and luxury-segment.

Some claim that District 4 will become a new District 1 and where we will see increasingly more activity in the coming decade.

Property Developments in District 4

Below you can find notable projects that are finalized, under construction, or planned for the future in District 4.

De La Sol

De La Sol is riverfront condominium built by the renowned developer CapitaLand. The land plot that CapitaLand bought for almost USD 40 million will be used for De La Sol and they estimate that the value will increase to more than USD 170 million.

Continue reading Ho Chi Minh City, District 4 – Property Guide

Ho Chi Minh City, District 3 – Property Guide

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District 3 might not be the most popular district among foreigners who look to buy premium residential real estate in Ho Chi Minh. Foreign investors often target District 1, 2, and 7 and when buying one or more units in this growing metropolis.

You see, most new condominium projects (where foreigners are allowed to purchase 30% of units) are constructed in these districts.

District 3, on the other hand, is mostly home to large French villas, low-rise buildings, restaurants, bars, and cafes. This kind of property is generally beyond the reach of foreigners.

Having said that, there are still a handful of projects that you should have a look at. Let’ start and review some noticeable property developments located in District 3.

Property Developments in District 3

There aren’t that many new residential projects in District 3 compared to District 1 and 2, for example. You’ll mainly find plushy villas and older buildings here. That said, there are still a handful of projects under construction.

Below you can find some of the most popular residential developments in District 3. The projects are either finished or under construction.

Grand Central

Grand Central is built with a European architecture and planned to be finished in 2022. There will be 247 units with a size of 51 to 138 square meters. The estimated square meter price is USD 6,900, which is comparably high.

Continue reading Ho Chi Minh City, District 3 – Property Guide

Ho Chi Minh City, District 2 – Property Guide

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We have already written a guide that explains about District 1 in Ho Chi Minh City. Today, I will cover one of my favorite districts, namely District 2.

Being one of the biggest districts in Ho Chi Minh, District 2 is the home to areas such as Thao Dien and An Phu that have grown remarkably in the past decade. District 2 will absorb much investment in the coming years as well, as Ho Chi Minh expands towards the East.

Being wedged between the upcoming District 9 and the city center, we’ll see a greater demand for both commercial, lifestyle and investment property in District 2.

Property Developments in District 2

Below you can find some of the most popular residential projects in District 2.

Masteri

Located in Thao Dien and just next to the new Metro line, Masteri is a popular residential compound with tennis courts, park, and a commercial podium.

It’s easy to ‘get stuck’ here as you have all the amenities you need, including a swimming pool, gym, a shopping mall, restaurants, and even a cinema.

Many foreigners that move to Ho Chi Minh often move to Masteri at a start and later move to some of the more central districts, such as Binh Thanh or District 1. That said, Masteri has comparably low rents and offers a more peaceful atmosphere. Continue reading Ho Chi Minh City, District 2 – Property Guide

Ho Chi Minh City, District 1 – Property Guide

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Ho Chi Minh is one of the fastest-growing cities in the world, something that can be reflected in its most central district, District 1.

Being the home to most of the city’s colonial and heritage buildings, the district has the most commercial activity and goes through a rapid transformation.

In this article, we review what makes District 1 unique and what makes it interesting for property investments.

Property Developments in District 1

Let’ start and review some of the city’s most notable developments that are finalized, under construction, or planned for the future.

Alpha Hill

Alpha Hill is one of the most bespoke projects in Ho Chi Minh and a luxury real estate complex developed by Alpha King. The project comprises of 1,076 units with prices ranging up to USD 10,000 per square meter.

Alpha King is based in Hong Kong and has several notable projects under its belt, including Peninsula Hotel (Shanghai), Disney Land (Shanghai), Lan Kwai Fong (Hongkong), and Xintiandi (Shanghai).

The project is located right in the heart of Ho Chi Minh:

  • 2 minutes walk to Saigon Nightlife
  • 5 minutes walk to Metro Station
  • 5 minutes to Ben Thanh Market

Address: Cong Quynh Intersection – Nguyen Cu Trinh Street, District 1, Ho Chi Minh City

Vinhomes Golden River

Vinhomes Golden River is developed by the reputable Vietnamese company Vingroup. The project has 5 tall buildings with a modern-style architecture in glass, built on the Ba Son grounds and just next to the Saigon River. Continue reading Ho Chi Minh City, District 1 – Property Guide

Vietnam Real Estate Market Outlook 2020: A Complete Overview

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

Yet, if you plan to buy property in Vietnam, you must understand the current market climate and what you can expect in the coming years. In this article, I explain how the market has performed and what my predictions are for Vietnam’s property market in 2020.

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 2020: A Complete Overview

Commercial Property in Vietnam: Foreign Buyer’s Guide

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Vietnam’s commercial property market has performed well in the past years and since it opened to foreign investors in 2015.

The outlook for the coming years looks positive as the Vietnamese become more affluent, the tourism increase, younger people urbanize, and foreign companies move production to the country.

If you plan to invest in commercial real estate, I recommend you to read this guide where I explain how foreigners can invest in commercial real estate in Vietnam.

I also cover topics such as property taxes, cities that should be of interest, and more.

Can foreigners buy commercial property in Vietnam?

Foreigners are generally not allowed to buy commercial property. This is a problem that investors encounter in many other Southeast Asian countries, such as Indonesia, the Philippines, and Thailand.

Investing in condominium units is basically the only option available to foreign individual investors, a reason why condo prices have skyrocketed in some of Southeast Asia’s capitals in the past years.

Notice that I write ‘individual investors’ as you’ll have more investment options if you open a local company to acquire property.

Individual Investors

If you’re a foreign individual and wish to invest in Vietnam’s real estate market, you can only buy condominium units in commercial projects (that means, you cannot buy a random local flat). Commercial property (such as office space) is not available to foreign individuals. Continue reading Commercial Property in Vietnam: Foreign Buyer’s Guide