Tag Archives: Vietnam

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:

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Buying Real Estate in Ho Chi Minh City (Saigon): The Ultimate Guide

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

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

Vietnam is on the rise and opened up to foreign investors as late as 2015.

The government has made big changes to foreign property ownership regulations. Nowadays, you can buy a multiple amount of properties by simply having a tourist visa.

When it comes to locations, the by far most popular city where foreigners buy real estate is Ho Chi Minh City (sometimes just referred to as Ho Chi Minh or Saigon).

It’s not strange, as it’s the 2nd fastest growing city in the world at the moment.

As China’s labour costs, housing prices, and commodity prices increase, more and more property buyers has shifted their focus to Ho Chi Minh City.

Not to forget, people from Hong Kong, Singapore, and Taiwan struggle with high property prices back home and look for investment opportunities in emerging markets.

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

Topics covered in this article

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Buying Property in Vietnam as a Foreigner: The Ultimate Guide

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

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

Vietnam opened up to foreign investors as late as 2015. Since then, the country has welcomed everything from corporations, expats, tourists, and property buyers, waiting to grab a piece of this exploding market.

Personally, I believe that Vietnam is one of the most interesting places for real estate investments in Asia at the moment.

Rental yields are among the highest, at the same time, you can pay as little as USD 1,500 per square meter for new condos in upcoming areas around Ho Chi Minh City.

Still, before you buy, it’s important that you get your feet wet and learn how it works practically when buying real estate as a foreigner in Vietnam.

In this article I share a lot of valuable information covering foreign ownership regulations, property taxes, the buying process, how you can get a mortgage, and more.

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Top Property Management Companies in Vietnam: The Ultimate Guide

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Do you plan to buy property in Vietnam?
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Vietnam is one of the most sought after countries when foreign investors look for lucrative opportunities in Asia. With a quickly growing economy and a young population, a lot of interesting things will happen here in the coming decade.

If you decide to buy or rent property a property in Vietnam, you also need to make sure that someone can look after it for you. In this article, I present some of the biggest and most popular property management companies in Vietnam.

Ho Chi Minh City (Saigon)

Below I’ve listed property management companies in Ho Chi Minh City.

Savills

Savills is a well-known global property management company and the leading in the Asia Pacific region. The head office of the company is based in London, UK. It was founded in 1855 which makes it one of the oldest real estate agencies in the world.

The company currently has around 30,000 employees. They have a presence in 60 countries and manage over 700 offices.

In Vietnam, Savills was established in 1995. Their first office and the current head office is based in Ho Chi Minh City. However, in the next few years, they established two more offices in Danang and Hanoi.

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Property for Sale in Ho Chi Minh City: 10 New Projects & Launches

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Do you plan to buy property in Ho Chi Minh City?
Click here to get in touch with an experienced agent

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: 2019-01-08

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Vietnam Real Estate Market Outlook in 2019: A Complete Overview

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

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.

Still, if you plan to buy property in Vietnam, it’s important that you understand the economic climate and what you can expect from the market in 2019.

In this article, I explain how the market has performed in previous years and what my predictions are for Vietnam’s property market this year.

Topics covered in this article:

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

The real estate market 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 a constant and fast growth.

Below I’ve listed the main reasons why the market has developed quickly in recent years:

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Property for Sale in Nha Trang: 6 Interesting New Projects & Launches

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

Nha Trang is one of the most visited resort cities in Asia. It’s famous for having one of the longest and most beautiful beaches (Nha Trang Bay) and continues to attract many foreign property buyers.

Compared to places like Ho Chi Minh City, Nha Trang is more relaxed, offering cheaper property, and lower living costs. Property can be bought for as little as USD 1,000 – 1,500 per square meter in new projects.

In this article, you’ll learn about some of the most interesting new property projects Nha Trang, including condos, condotels, 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: 2018-09-20

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Property For Sale in Da Nang: 5 Interesting New Projects & Launches

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

Da Nang is undoubtedly one of the most popular places when foreigners look for property in Vietnam.

Located along the shoreline with proximity to Hoi An and Hue, Da Nang is famous for offering a great quality of life with low costs. At the same time, it’s the third biggest city and a comparatively developed commercial center in Vietnam. Still, property is cheaper on average compared to Ho Chi Minh City and Hanoi.

In this article, I’ve listed some of the most interesting new property projects and launches, located in Da Nang and Hoi An.

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: 2018-09-20

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The 6 Cheapest Places to Buy Real Estate in Asia: A Complete Guide

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

A commonly asked question among property buyers is where they can find the cheapest properties.

One should bear in mind though that it’s not easy, nor very important, to discuss property prices on national levels. It’s better to focus on a handful of cities, or the capitals, places where a big part of investors tend to go.

In this article, I list the countries with the cheapest land, houses, and apartments in Southeast Asia/Asia.

Before we deep dive into, I want to mention that I haven’t taken countries such as Mongolia, North Korea, Brunei and Sri Lanka into consideration.

6. Thailand

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The 4 Best Countries to Buy Real Estate in Asia

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

Investing in overseas property is one of the biggest decisions that many foreigners make.

Before you prepare for success, it’s important that you understand your overseas market, what ownership regulations that apply, if you can easily transfer your money out of the country, what taxes that apply, and more.

To give you a helping hand, I decided to write this article, where I give you my own personal reflections, backed by data.

Let’s review the 4 best countries to buy real estate in Asia.

Remark

In this article, I don’t only take yields into consideration, or target investors with a high risk appetite. I also take property taxes, land ownership regulations, capital controls and the easiness to get long term visas into my assessment.

This article is not for people who look for investment properties merely.

Market cycles, and where countries stand right now, is also of importance, of course. Many news channels and experts say that Singapore, Indonesia and India looks promising at the moment.

The Singaporean market has seen a downturn in the past years, and has started to recover. India is getting increasingly more interesting, as it grows fast economically, while Indonesia follows a similar path, with much investment in infrastructure. Continue Reading →

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