Da Nang Luxury Property Projects 2020

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Da Nang draws more attention as retirees and investors seek for new interesting investment opportunities outside of places like Bangkok and Ho Chi Minh City. The city is actually one of the biggest in Vietnam and the home of many local and foreign companies.

That said, property investors are most attracted to the magnificent nature Da Nang has to offer. Forbes has even claimed that some of its beaches are some of the most beautiful in the world.

A great benefit of investing here is that you can find prime real estate, like luxury villas, just along the shoreline. You won’t have to take many steps before you can dip your feet in the ocean water.

In this article, we review some of the most interesting luxury property projects in Da Nang at the moment. If you have any questions about the projects, feel free to send us a message through the form below.

1. Shantira Beach Resort & Spa

Shantira Beach Resort & Spa is one of the most bespoke projects in Da Nang at the moment and nestled on a pristine stretch of beach between Da Nang and Hoi An on Vietnam’s central coast. It’s located just 30 minutes from the international airport of Da Nang and 5 minutes from the ancient town of Hoi An, a UNESCO-listed town. Continue reading Da Nang Luxury Property Projects 2020

Vietnam Rental Yields: A Complete Overview

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Vietnam is not only one of the fastest-growing countries in Asia, but it offers exceptionally high rental yields.

In 2015, Vietnam opened up to foreign investors and many expats and entrepreneurs have entered since. As the Vietnamese become wealthier and foreigners find local housing comparably cheap, yields can sometimes stretch up to double digits.

In this article, I explain what rental yield is, why it’s important for you as an investor, and how high the average rental yield is in the most popular Vietnamese cities.

What is rental yield?

The rental yield can be expressed as both gross rental yield and net rental yield. In short, rental yield is the return on investment in percent (%) when comparing the current value of the property to the rental income. Continue reading Vietnam Rental Yields: A Complete Overview

Investing in Serviced Apartments in Vietnam: Foreign Buyer’s Guide

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Serviced apartments are popular among foreigners and Vietnamese who want a more premium experience while living in Vietnam.

It’s a luxury that most people cannot afford in their home countries. Also, the local housing standards are often below foreigners’ criteria, a reason why renting a serviced apartment is the only option.

In this article, I explain what serviced apartments are, what the benefits are of owning one, how you can rent out your serviced apartment, and about prices.

What is a serviced apartment?

Serviced apartments can be found in both newly built local houses (typically 3-5 floors) and high-rise condominium buildings. Besides, some operators offer serviced apartments similar to hotel units, used for tenants that plan to stay for just a few days or sometimes for years. Continue reading Investing in Serviced Apartments in Vietnam: Foreign Buyer’s Guide

Ho Chi Minh Luxury Property Projects 2020

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Ho Chi Minh City is set to become a post-pandemic winner and captures many headlines as investors flood to grasp a piece of this growing market.

The luxury real estate market is undoubtedly one of the most interesting in Ho Chi Minh and prices have increased by double digits yearly. When comparing prices to Hong Kong and Singapore, we also see some great differences.

According to Savills, for example, luxury property prices can be as much as four times more in Hong Kong.

If you look for prime real estate in Saigon, don’t look any further. In this article, we review some of the most interesting luxury real estate projects available to foreign buyers.

1. The Marq

The Marq is one of the most bespoke luxury property projects and located on Nguyen Dinh Chieu street in District 1. As you can see, The Marq will have a modern exterior and big windows offering much sunlight, marble floor, and high ceilings. Continue reading Ho Chi Minh Luxury Property Projects 2020

Top 6 Property Websites in Vietnam

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As global real estate markets digitize, increasingly more buyers and sellers find property agents and projects online. This is especially the case among overseas buyers that wish to enter emerging markets such as Vietnam or Cambodia.

Before you invest in Vietnam property, it can be good to learn more about buying regulations, visa options, and taxes. Besides, you’ll most likely find units online or through an agent that you connect with online.

Therefore, we have written this article where we present some of the biggest real estate websites in Vietnam.

1. Batdongsan.com.vn

Batdongsan, which translates to real estate in Vietnamese, is part of PropertyGuru Group, one of the biggest real estate companies in Singapore. PropertyGuru Group owns several domains that attract hundreds of thousands of visitors a day, including:

  • PropertyGuru (Singapore and Malaysia)
  • DDProperty (Thailand)
  • Rumah (Indonesia)

According to PropertyGuru Group, they have a market share of 55% in Southeast Asia, which speaks for itself. Worth mentioning is that the company also owns Asia Property Awards, the most prestigious awards brand in Asia. Continue reading Top 6 Property Websites in Vietnam

Vietnam Real Estate Prices 2020

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Writing about real estate prices is not an easy task during a pandemic as no one knows for how long it will last and what the impact will be. We get contacted by many readers who want to understand how real estate prices have changed in various cities in Vietnam.

It’s crucial to understand what has happened in the past and what one can expect in the short and long-term. In this article, we review real estate prices in the most popular cities in Vietnam.

Ho Chi Minh City Real Estate Prices

Ho Chi Minh City has by no doubt the highest real estate prices in Vietnam. It’s no strange as it serves as the country’s business hub and were most investors and expats look for investment opportunities.

In the past years, real estate prices have increased with double digits in Ho Chi Minh. For example in the second quarter of 2019, the average price for apartments was USD 2,009 per square meter, equal to an increase of 21.6% compared to the previous year.

With that said, you can still find upcoming areas where we will see much appreciations in the coming years, like District 9, District 4, District 5, and District 10, even if these districts have fewer projects in general. Continue reading Vietnam Real Estate Prices 2020

COVID-19’s Impact on Vietnam’s Real Estate Market

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The COVID-19 outbreak has taken the world by storm and forced countries into lockdowns and governments to close down schools, restaurants, bars, and other establishments.

Vietnam acted quickly and has seen a comparably low amount of COVID-19 cases, but it will inevitably affect the economy badly.

In this article, we explain how Vietnam’s real estate market has behaved in previous years and how it behaves due to this outbreak. We also write weekly updates about the current situation in the country.

Update 2020-05-22

Vietnam’s Ministry of Health’s tally of confirmed cases of COVID-19 remained at 324 as of May 21st. 264 of the patients have recovered and been discharged from hospitals.

The International Monetary Fund (IMF) has claimed that Vietnam’s growth may slow down to 2.7% in 2020, but may pick up to 7 percent in 2021.

Foreigners are still not able to enter Vietnam until further notice. Diplomats, officials, foreign investors, experts, and skilled workers are exempt.

Update 2020-05-15

Vietnam’s Ministry of Health’s tally of confirmed cases of COVID-19 remained at 288 as of May 14th. 252 of the patients have recovered and been discharged from hospitals.

Vietnam repatriates overseas Vietnamese that are stuck, working, or studying overseas. 24 persons that were repatriated from Moscow on 2020-05-14 tested positive for COVID-19 and were sent to quarantine on arrival.

29 days have passed since Vietnam recorded any new corona cases.

Update 2020-05-08

As of May 7th, the confirmed cases of COVID-19 remained at 271. 232 of the patients have recovered and been discharged from hospitals.

Public beaches in places like Da Nang, Nha Trang, Binh Dinh, Khanh Hoa, Quang Nam, Quang Ninh, Thanh Hoa, and Nghe An have reopened, yet with social distancing restrictions. Besides, tourism activities resumed in Ha Long Bay and Bai Tu Long Bay from May 1.

The International Monetary Fund (IMF) expects Vietnam’s economy to grow 2.7% this year, less than half the 7% rate in 2018 – 2019. Vietnam also suffers hard due to halted tourism, a sector that generates 10% of GDP.

Vietnam’s Property Market in the Past Years

Vietnam opened to foreign investors in 2015 and has grown with an impressive rate since. In 2019, the economy grew by around 7%, a number that will decrease in 2020 due to the SARS-Cov-2 crisis.

The market suffered from a housing bust in 2009, recovered in 2013, and grew much from 2015. Foreign investors see Vietnam as one of the most interesting markets in Asia due to the following reasons:

  • It’s one of the fastest-growing economies in Asia
  • Eased foreign ownership regulations since 2015
  • Increased manufacturing and investments
  • Booming tourism
  • Preferable demographics and a growing population
  • High yields

Worth mentioning is that the GDP per capita has increased almost sixfold since the 2000s, from around USD 390 to USD 2,264 until 2018.

Thanks to increased individual wealth among the Vietnamese and a greater interest among foreigners, numerous new property developments have popped up, boosting prices. Continue reading COVID-19’s Impact on Vietnam’s Real Estate Market

Best Districts to Buy Property in Ho Chi Minh City

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Ho Chi Minh is the biggest city in Vietnam, having around 13 million people in the metropolitan area. Along the rapid urbanization and as Ho Chi Minh expands, this number will inevitably increase over the years.

What makes Ho Chi Minh interesting is that some of its most central districts are less developed compared to those further away. District 4, for example, is one example of districts that have gotten a bad reputation and that is less developed than District 7, which is located further from the city center.

This is just one example which makes it more difficult for foreigners to decide where they should invest in property. In this article, I list some of the most interesting districts for property investments in Ho Chi Minh.

District 1

District 1 is the most central district, it’s also one of the smallest and the most expensive district in Ho Chi Minh. Here, you can find most of Ho Chi Minh’s high-rise buildings, corporations, and banks.

You can also find plenty of sites and landmarks here, including the Independence Palace, the 19th-century Notre Dame Cathedral, Ben Thanh Market, Bitexco Tower, Saigon Center, and more. Continue reading Best Districts to Buy Property in Ho Chi Minh City

Vietnam Visa Options for Real Estate Investors: Complete Guide

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Vietnam has become one of the hottest markets for overseas real estate investors and many are drawn by its quality of life, business opportunities, and economic growth.

Before you invest in Vietnam property, or in any foreign country for that matter, you must understand what visa options you have and for how long you can stay in the country.

In this article, we list the most common visa options that are available to foreign property buyers in Vietnam, might it be for persons who want to rent out units or use a unit for retirement or leisure purposes.

What visa options exist for foreign property buyers in Vietnam?

1. Visa Waiver

A common misapprehension is that foreigners can only buy real estate if they have a valid visa in Vietnam.

Anyone who’s legally allowed to enter the country can buy as many units as he or she wants in branded commercial projects, as long as the foreign ownership quota of 30% isn’t filled. Continue reading Vietnam Visa Options for Real Estate Investors: Complete Guide

Property for Sale in Da Nang: 8 Interesting New Projects & Launches

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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: 2020-04-13

Locations of the projects

Continue reading Property for Sale in Da Nang: 8 Interesting New Projects & Launches