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

Indonesia Property Market Outlook 2020: A Complete Overview

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Indonesia is set to become a new economic powerhouse in Southeast Asia, luring more investors from overseas.

Increasingly more foreign buyers, especially from China, have spotted investment opportunities in Indonesia’s real estate market. I believe that Indonesia will become increasingly interesting once we see more regulatory changes to foreign ownership of property.

Having said that, you must understand how healthy the market is before making any investments. In this article, we explain how Indonesia’s property market has performed the past years and what my predictions are for 2019.

Indonesia’s Property Market in Previous Years

Indonesia’s property market has slowed down in the past years after experiencing a sharp growth in 2012. The Federal Reserve Bank of St. Louis has an illustrative graph showing the price changes.

As shown, the average price increase has slipped from 14% in 2013, down to around 3% in 2017 and 2018. In 2019, the average price increase was even lower and around 2.5% in the second quarter.

There are four main reasons for this decline:

  • Political uncertainty
  • Lower occupancy rates
  • Introduction of a new luxury property tax
  • A drop in GDP per capita between 2012 and 2015

The GDP per capita was USD 3,680 in 2012 and decreased to USD 3,330 by 2015. The slowing economy was a main contributor, which resulted in a reduced purchasing power among the middle- and upper-middle class.

The GDP per capita started to increase again after 2015 and was around USD 3,487 in 2017. Continue reading Indonesia Property Market Outlook 2020: A Complete Overview

Investing in Taiwan Commercial Property: A Complete Guide

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Taiwan was named the world’s third-best investment destination by US-based Business Environment Risk Intelligence SA in 2018, only behind Singapore and Switzerland.

This small island has gained more interest since the trade war intensified between the US and China. Besides, the protests in Hong Kong have resulted in more investments from Hong Kong.

Major local and foreign companies, such as Google, plan to invest hundreds of millions of US dollars in Taiwan in the coming years. The commercial property market has been strong recently and is not as overpriced as the residential market.

In this article, I explain how it works when investing in Taiwan’s commercial property market as a foreigner, how much you need to pay in tax, where you should buy, and more.

Let’s get started.

Can foreigners buy commercial property in Taiwan?

Taiwan has favorable foreign property ownership regulations compared to Mainland China and many Southeast Asian countries. Here, you can purchase property as an individual or through a company.

Having said that, you need government approval first, which is based on a reciprocal arrangement. Simply put, Taiwanese companies and private individual investors should be allowed to acquire real estate in your home country or in the country where your company has its main office.

Mainland Chinese are subject to stricter regulations and have been able to invest in Taiwan real estate since 2002. On the contrary to other foreigners, they need to make applications to the Investment Commission of the Ministry of Economic Affairs (MOEA) and sometimes to the MOI.

You can also establish a local company referred to as Foreign Investment Approval (FIA) companies. This will allow you to acquire and lease real estate in Taiwan. Continue reading Investing in Taiwan Commercial Property: A Complete Guide