Tag Archives: Vietnam

Vietnam Real Estate Market Outlook in 2019: A Complete Overview

vietnam-property-market

Do you plan to buy property in Vietnam?
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Vietnam opened up to foreign property investors in 2015 and has seen a massive growth since. Buyers from Hong Kong, Mainland China, Singapore, and Korea in particular, see Vietnam as a lucrative market with high ROIs.

If you plan to buy property in Vietnam, it’s important that you understand the economic climate, and the outlook for the coming year. In this article, I explain about how the market has performed in previous years, and what my predictions are for Vietnam’s property market in 2019.

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

nha-trang-property-for-sale

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 from overseas.

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 1000-1500 per square meter in new projects.

In this article, I’ve listed some of the most interesting new property projects and launches in Nha Trang at the moment.

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: 2019-09-20

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

Da-nang-property-for-sale

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: 2019-09-20

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

Asia-cheapest-real-estate

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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

best-countries-to-invest-in-asia

Do you plan to buy property in Asia?
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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.

4. The Philippines

manila-condo

The Philippines is, together with Cambodia and Vietnam, one of the fastest growing countries in Asia. With a growing middle class, favorable demographics, and an English speaking low cost workforce, more and more corporations and investors turn to this country.

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Sending Money To & Out of Vietnam: A Foreign Investor’s Guide

vietnam-currency-transactions

Buying overseas property in developing countries like Vietnam requires due diligence and that you understand the buy and sell procedures in advance.

A commonly asked question is how foreigners can transfer money into and out of Vietnam, when buying real estate. This is essential to understand to make sure that your money don’t get ‘stuck’.

After all, you probably want to exit the market sometime in the future.

In this article, I explain some key information you need to know when transferring money cross border in Vietnam.

Remark

This article is written for investors who wish to buy real estate in Vietnam.

General information about Vietnam currency controls

Vietnam’s foreign exchange controls are regulated by the State Bank of Vietnam.

Some of their responsibilities are:

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Top 5 Countries With Asia’s Highest Yields

asian-countries-highest-yields

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Buying property overseas needs thorough consideration and planning. The rental yield is one of the most important aspects to many investors. Future outlook, capital appreciations, living standards and personal preferences are important to others.

A frequently asked question is in which countries foreign buyers can find the highest rental yields in Asia. I’ve done some vast research, but found little information, most websites pointing to one source.

Therefore, I decided to write about this topic myself. In this article, I list the countries with the highest rental yields in Asia.

Introductory remark

I’ve intentionally excluded Cambodia from this article, as I couldn’t find sufficient data and sources.

CBRE Cambodia claims that residential rental yields ‘can’ reach between 5-7% in Phnom Penh, a general number which makes it hard to compare.

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6 Reasons Why You Should Invest in Vietnam Property

investing-vietnam-property

Do you plan to buy property in Vietnam?
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Many people contact me and ask for investment advice in Asia. Not rarely, they’re interested in countries like Indonesia and Korea. Sure, Indonesia may have potentials over the long run, but ownership regulations are still not favorable to foreigners.

Korea doesn’t grow much compared to many other countries in the region, unless you plan to stay there for personal reasons, I’d look elsewhere.

One of my favorite countries is undoubtedly Vietnam. I see a lot of potentials in Vietnam, even in the long run. In this article, I present 6 reasons why Vietnam’s property market is becoming increasingly interesting.

1. Eased ownership regulations since 2015

District 1 in Ho Chi Minh City, a quickly developing area

Prior to 2015, it was virtually impossible for foreigners to buy and profit from Vietnam’s real estate market. You were only allowed to own one condo unit, for self dwelling purposes.

However, with the new Law on Residential Housing (LRH) introduced in 2015, it’s become remarkably easier to buy property in Vietnam. Prior to that, people were eagerly standing on the sidelines, waiting for the market to open up.

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

vietnam-off-plan

Do you plan to buy property in Vietnam?
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According to the Law on Housing, which took effect from 2014 foreign individuals are eligible for ownership if they are allowed to enter Vietnam. You only need a tourist visa to buy, it’s simple as that.

As you can see, Vietnam’s property market opened up very recently. This in combination with the country’s rapid economic growth makes Vietnam one of the top spots for foreign investors. You can buy, rent, receive or inherit ‘commercial’ housing, including condos and detached houses in projects of housing construction.

However, before you buy, it’s important that you study the buying process and payment schemes well in advance, as these might differ quite much compared to home. Therefore, I’ve written this guide where I explain the following:

  • Process when buying off-plan
  • Information about payment instalments
  • Other useful information

Process when buying off-plan property in Vietnam

Below I’ve included a step-by-step guide when booking and paying for an off-plan property in Vietnam.

1. Get in touch with a real estate agent

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Buying Property in Vung Tau (Ba Ria): A Foreigner’s Guide

buying-vung-tau-property

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Despite being in the shadow of Da Nang and Ho Chi Minh City, Vung Tau is the preferable weekend gateway for expats, locals and travelers alike who reside in Southern Vietnam, especially Ho Chi Minh City.

With improved infrastructure and connectivity, you can reach this harmonious island within 2-3 hours. With a long shoreline, there are a number of condos and condotels that pop up here and there, attracting the attention of property buyers.

In this article, I explain the basics you need to know if you’re interested in buying property in Vung Tau.

Can foreigners buy property in Vung Tau?

The same as it goes in other parts of Vietnam, you’re legally allowed to buy and own condo units in your own name. There’s no restriction to the amount of units you can buy, but foreigners can own a maximum 30% of the units in a condo building.

It’s important that you confirm with your agent or developer and assure that the quota hasn’t been filled.

Buying villas is also a popular option, where you can lease the land for a period of up to 50 years, even if the government has talked about increasing the term to 99 years. In general, the regulations to foreign ownership is going in the right direction.

If you buy a villa, 250 can be owned by foreigners in a given ward. This was not the case before 2015, when the Vietnamese relaxed the regulations to foreign ownership.

Why is Vung Tau interesting?

Vung Tau is not a sleepy backwater, but actually a city with hundreds of cafés and restaurants, many decide to settle down here for a long time.

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