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:

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Investing in Vietnam Commercial Property: 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 Investing in Vietnam Commercial Property: Foreign Buyer’s Guide

List of Serviced Apartments in Hanoi: Our Top 6 Picks

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Serviced Apartments in Hanoi

Are you looking for a serviced apartment provider in Hanoi?

In Hanoi, most of the serviced apartment buildings are located near the business districts such as Tay Ho District, Cau Giay, and Hoan Kiem District.

Serviced apartment companies provide a variety of solutions and you should be able to find a suitable one.

In this article, we list 6 serviced apartment companies and compare them according to their rent span, duration of stay, location, amenities, and services.

Overview

Benefits of renting a serviced apartment in Hanoi

Most of the serviced apartment companies in Hanoi offer a short-term stay, from 1 day to 30 days, according to the company. Thus, the first obvious benefit is that, if you don’t want to sign a long-term rental contract, a serviced apartment is probably the best solution for you.

Note that, if you decided to commit for more than a month, as also happens in Ho Chi Minh City, you can get up to a 25-50% discount.

Second, serviced apartment companies are often more familiar with the local regulations. For example, Vietnamese landlords might not be aware that foreigners shall register their address to the local police station; however, a serviced apartment company shall be aware of this regulation and register you with the local police by default.

I still recommend you to confirm that the serviced apartment company of your choice will register you at the local police station, just to avoid any problems.

Besides, a reputable serviced apartment company shall provide a clear rental contract in both English and Vietnamese language. This will make your life much easier, in case there are any problems. Further, when you deal with an established company it’s less likely that they will try to keep your deposit without a valid reason.

Serviced apartment rents in Hanoi

In Hanoi, the normal rent in the city center starts from around VND 8,200,000 per month for a studio, and around VND 16,500,000 for a three-bedroom apartment.

Even if it’s possible to find a serviced apartment advertised for similar prices on real estate listings platforms, in most cases, you will have to deal with either a local landlord that owns as little as a single property, or with an agent that manage properties from multiple landlords.

Conversely, if you want to work with a serviced apartment company that owns the whole building and provide most of the benefits we discussed in the previous section of this article, then you might have to pay a price that is at least 20% higher. Continue reading List of Serviced Apartments in Hanoi: Our Top 6 Picks

List of Serviced Apartments in Ho Chi Minh City: Our Top 7 Picks

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Serviced Apartments in Ho Chi Minh City

Are you looking for a short-term solution in District 1 or a six month stay in Thao Dien?

In Ho Chi Minh City, serviced apartment companies offer a wide range of solutions, and you should then be able to find accommodation that suits your needs.

In this article, we list 7 serviced apartment companies and compare them according to their rent span – both short-term and long-term, minimum duration of stay, location, amenities, and other key factors.

Overview

Benefits of renting a serviced apartment in Ho Chi Minh City

Even though most hotel’s receptionists and waiters can speak good English in Ho Chi Minh City, When it comes to local landlords and agents the situation might be quite different.

Therefore, the first advantage of choosing a serviced apartment is that you will be able to deal with agents and managers that have a good command of the English language.

This is not only important while you are selecting your apartments, but also later on, for instance in case of problems.

Besides, a serviced apartments reputable company shall provide two copies of the rental contract – one in English and one in Vietnamese language, – and, generally speaking, will not try to keep your deposit without a valid reason, once it’s time to leave the apartments.

Another important point is that in Vietnam all foreigners shall register their address to the local police office.

Now, when you stay in a hotel there is no problem, as hotels register you to the local police by default. When dealing with a serviced apartment company, you will normally be in the same situation, as they deal with a large number of foreigner clients, and thus must comply with local regulations.

Conversely, local landlords might not even be aware of such an obligation, which might become a problem for you, especially if you plan to stay in the country for more than a couple of weeks. Continue reading List of Serviced Apartments in Ho Chi Minh City: Our Top 7 Picks

How to Invest in Vietnam’s Stock Market: The Definitive Guide

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The information in this article is meant for informational purposes only and should not be relied upon as financial advice.

Vietnam has been the strongest performing market in Southeast Asia recently for numerous reasons.

Naturally, we see increased interest from foreigners who want to capitalize on its growth and invest in stocks. With that in mind, Vietnam opened up to foreign investors as late as 2015 and still remains highly bureaucratic.

Before you start trading stocks, you need to learn the fundamentals and work with a brokerage firm that can help you get started.

In this article, we review the following:

  • Vietnam Stock Market Overview
  • Stock Exchanges in Vietnam
  • Why You Should Invest in Vietnam’s Stock Market
  • Regulations when Foreigners Invest in Vietnam Stocks
  • Process when Buying Vietnam Stocks
  • Case Studies in Vietnam’s Stock Market
  • FAQ

Continue reading How to Invest in Vietnam’s Stock Market: The Definitive Guide

Investing in Co-Working Spaces in Asia: A Complete Guide

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The co-working industry has exploded in Asia and it’s currently the fastest-growing market globally.

Not surprisingly, private investors and developers alike try to profit from this new market, and the supply of co-working spaces increases steadily.

It’s not strange, as it’s said that 30% of office space will be co-working spaces in Asia by 2030. Thus, co-working is not a temporary trend, but here to stay long-term.

In this article, you’ll learn the following

  • What is a co-working space?
  • The co-working space business model
  • The co-working space market in Asia
  • How much can I earn when investing in co-working spaces?
  • List of co-working Spaces by Country and Region

What is a co-working space?

Co-working spaces are started by individuals or companies who buy or lease office space and other types of premises, such as residential buildings and villas.

The same as it goes with co-living spaces, the founders sometimes partner up with local investors or property owners, to secure capital or to reduce rents.

Continue reading Investing in Co-Working Spaces in Asia: A Complete Guide

7 Asian Countries Without Capital Gains Tax

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Investors often pay much attention to the taxes and fees they have to pay at the time of buying property.

Truth be told, stamp duties, VAT and real estate agent fees can become significant when added up.

But, to have a complete exit strategy, it’s equally important that you understand what taxes you need to pay when holding and selling property.

In most countries, sellers need to pay capital gains tax when selling property. The tax can be substantial, especially if the property has increased much in value.

In this article, I list Asian countries where you don’t have to pay capital gains tax.

First, let me explain what capital gains tax is and how it’s calculated.

What is Capital Gains Tax?

Capital gains tax, sometimes referred to as CGT, is collected by governments and charged to the profits made when selling assets. Might it be real estate, businesses or stocks.

In Asia, capital gains tax rates normally range between 0% to 20%, depending on where you buy. With rates that high, the tax can reduce your profits significantly.

Not to forget, you might even be subject to capital gains tax in countries where the tax is generally not charged.

Continue reading 7 Asian Countries Without Capital Gains Tax

Property for Sale in Ho Chi Minh City: 13 New Projects & Launches

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Since Vietnam opened up to foreign property buyers in 2015, Ho Chi Minh City continues to attract a vast number of investors.

Being one of the fastest-growing cities in the world, this commercial hub is undoubtedly one of the most interesting places for real estate investments in Asia at the moment.

You can find a variety of new projects in strategic areas, with high growth potentials.

In this article, you’ll learn about some of the most interesting new property projects in Ho Chi Minh City, including condos, apartments, and villas.

Viewing the projects and surrounding areas in Street View (Desktop Version)

To check the projects and surrounding areas in Google Maps Street View, simply zoom in the area of the marker and pull the orange-colored Pegman to the marker, or nearby areas. You can track the marker/project in Street View as well.

To go back to Google Maps, press the arrow in the top left corner.

Latest Update: 2020-01-05

Continue reading Property for Sale in Ho Chi Minh City: 13 New Projects & Launches

4 Asian Countries with No Property Tax

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Property taxes can have a huge impact on overseas investors’ buying decisions. With the growing interest in Asian markets, and especially developing markets, we need to keep in mind that tax rates can change fast.

Not only do developing countries change property taxes to attract more foreign capital or boost their economies. We also see sudden changes and the introduction of new taxes in places like Hong Kong, Singapore, and Korea.

This is mainly to avoid speculation, cool down the markets, and protect local citizens.

Interestingly, there are some countries that don’t charge any annual property tax to locals, or to foreigners for that matter. In other countries, the property tax is almost negligible.

In this article, you’ll learn the following:

Continue reading 4 Asian Countries with No Property Tax

Buying Apartments in Ho Chi Minh City: The Ultimate Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Vietnam?
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Vietnam is on the rise and opened up to foreign investors as late as 2015.

The government made big changes to foreign property ownership regulations, nowadays, you can buy multiple condominium units by simply having a tourist visa.

Looking at cities, the most popular investment destination is Ho Chi Minh City, the biggest city in terms of population and economic output. This metropolis is the second-fastest-growing city in the world at the moment.

In this article, we take a closer look at how it works when buying apartments as a foreigner in Ho Chi Minh City.

Topics covered in this article:

Continue reading Buying Apartments in Ho Chi Minh City: The Ultimate Guide