Saigon Center at Tet holiday

As of July 1^st 2015, foreigners with valid Visas can now buy a house, apartment or building anywhere in Vietnam.  This is the first time property has been made available to foreigners without family ties to Vietnamese nationals.

Though there is broad availability, some limitation on supply exists: in each ward (or Phuong) 250 houses, and 30% of apartment blocks are available to foreigners.  New developments are being built to increase capacity and cater to foreign tastes and standards, and prospects for growth – thanks to pro business legislation and infrastructure investment – are excellent.

Who can buy:

Previously, only blood relatives of Vietnamese nationals and foreigners married to locals were permitted to buy property here.  As of July 1^st 2015, property is now available to:

• Foreign nationals with a valid Vietnamese visa of one day or more.
• Foreign investors and companies registered in Vietnam
• Viet Kieu: people of Vietnamese birth or descent resident abroad.

What are the conditions?

The Vietnamese constitution states that all land is owned by the state.  The property on that land is purchasable, however.  The terms will initially be for up to 50 years, with an extension of 50 years thereafter.  Rights of sale after expiration of the term are guaranteed on a free-market basis, meaning equity can be retained.

About the Vietnamese property market

The market has a strong cost to growth potential ratio, given the stability of the Government and its commitment to attracting foreign investment, particularly in comparison with saturated and politically uncertain neighbors like Thailand and Malaysia.

Though there has been a slowdown, growth – unlike in many Western countries post-2008 – has continued.  The economy, driven by manufacturing and exports, grew at a rate of 5.98% GDP, with growth of 13.6% expected by 2025.

What parts of Vietnam are attractive to foreigners?

Foreign attention is focused on areas rich in commercial possibility:

• Ho Chi Minh City, commercial and investment capital of Vietnam
• Hanoi, seat of government and cultural center
• Nha Trang and other coastal regions popular with foreigners (Russians in particular) and local tourists
• Phu Quoc, an island primed for vast commercial and tourism investment
  
  

  Ho Chi Minh City overview                      

How much is a typical property?

Prices are competitive but vary according to type, style and location:

Homes and villas:

Typical 3-bed family homes come in at

• Ho Chi Minh City: $50,000 to $250,000
• Nha Trang: $50,000 to $ 100,000
• Hanoi: $100,000 to $300,000

Around $1.000.000 to $1.500.000 buys a luxury, 5-bed property.

Apartments

A Western-style apartment with 3 bedrooms in a new, purpose-built development starts at Ho Chi Minh City: $50,000, rising to $150,000.  Other units consider luxury apartments begin at $250,000.

Beautiful riverside Saigon Pearl apartment price from $100.000

How does this compare with neighbors?

Neighboring countries are seeing lower growth prospects and overheated real estate markets.  Other ASEAN governments are seeking to limit rather than encourage foreign ownership.

In Bangkok, prices can start at around $1million for a condominium, while at the lower end foreigners are required to invest a minimum $250,000.  Investors have seen a yield of as little as 5% as the Thai economy suffers a prolonged period of low growth.

In Kuala Lumpur, a similar minimum of $250,000 is required for foreigners to invest in the market, while in Indonesia there are substantial hurdles for any foreigner to buy property.

What else should an investor know?

There is a genuine upward curve to Vietnamese investment prospects, with international agreements and accompanying infrastructure development looking to boost property values substantially over the next decade.

The Trans-Pacific Partnership (TPP) will soon come into force, and Vietnam is expected to benefit most from membership of the world’s largest trading bloc. Closer to home, South-East Asian economic ties will be solidified and enhanced by membership of the ASEAN Economic Community (AEC), raising prospects and standards still further.

Vietnam is preparing the way for greater investment and collaborations through infrastructure and developments, such as:

• A brand new Metro system in Ho Chi Minh City, which is expected to have a dramatic impact on property values;
• New international airports, catering for expected increases in tourist numbers;
• New highways and inter-city railways.

While the future looks bright, Vietnam remains a developing country, and the potential for growth reflects the fact that the landscape is far from perfect.  Corruption and bureaucracy – long felt to be Vietnam’s greatest hindrance – are being acknowledged and challenged as a priority as the country seeks to integrate still further with the international community.  Uncertainty over future legislation is tempered by recognition that Vietnam has one of the most stable governing regimes in Asia, benefiting growth prospects.

Benthanh Market, symbol of development in Saigon

Overall however, the picture is very positive.  In addition to the positive economic forecasts, Vietnamese people welcome foreigners to one of the most optimistic nations in the world, a nation with high literacy, improving education and knowledge of English and strong work ethic.

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Stay tuned to this blog for further updates on the market.  If you have any question or need advice requirements about property Vietnam, please contact us.

VietApartment NEWS

This information is from our partner distributor in River Gate apartment offer in May, 2015. The percentage each stage may be changed to be higher because Novaland, or any developer of project, prevents the surfering effect that blow up the price and ruin all the market.

PRICING & PAYMENT FOR RIVER GATE APARTMENT

PROMOTION
( Applied from April 1st, 2015 to new paper issued )

1. For the customer receive basic apartment (non-furnished)
– Applied for all customers buy apartment in River Gate apartment.
– If you don’t want to receive partly-furnished package, the value of the package will be directly calculated to the selling price included VAT equivalent to 2.500.000 VND per square meter plus the using area of apartment.
– Duration to upgrade basic apartment to furnished apartment is 6 months.

2. SH motorbike present:
– Customers will be offered present of SH motorbike:
+ For apartment 1 bedroom and 2 bedrooms apartment in River Gate: 1 motorbike SH 125cc values 66.000.000VND.
+ For River Gate 3 bedrooms: present SH 150CC value 80.000.000 VND.
(Present can be directly calculated in to selling price).

PROMOTION OF RIVER GATE OFFICETEL
( Applied from April 1st, 2015 to new paper issued )

1. River gate officetel will be upgrade from basic standard to furnished standard:
– Applied to all customers buy officetel
– Duration to upgrade basic officetel to furnished officetel is 6 months

2. First year renting out commitment:
– Value of renting out for first year: 420.000 VND/sqm/month (calculating on the using area of officetel.
– Criteria of this commitment: At least 2 months from the day you receive ownership of your officetel, you have to furnish your officetel (kitchen, air conditioner, lighting system, bed, table, sofa, TV, refrigerator, desk) and handle back to Novaland to conduct commitment of renting out in one first year. You will receive you rental rate every 3 months and have to pay any tax if exist: Khách hàng nhận tiền thuê mỗi 3 tháng 1 lần và phải thanh toán tất cả các loại thuế theo quy định của pháp luật bao gồm: VAT, personal income, purchasing tax …
– Specially to customers who own officetel from 1 to 7 lot, 27 to 32 lot: if you don’t accept renting out commitment, you can ask for directly calculated in to selling price included VAT value equivalent to 420.000VND/month plus using area in 6 months.

PRICING OF RIVER GATE APARTMENT

PRICING OF APARTMENT FOR SHORT PAYMENT

PRICING OF RIVERGATE OFFICETEL

PRICING OF RIVERGATE OFFICETEL IN SHORT PAYMENT

READ MORE>>

VietApartment NEWS

In two or three next months, you will have much priviledge to buy RiverGate apartment in District 4 for some reasons:

+The price is on the bottom of the crisis condition of the market. When time last, the price will go up.

+RiverGate apartment is developed by Novaland investor, a famous and big company in Vietnam.

+You have many alternative choices like Icon 56 apartment or Galaxy 9 apartment and it have many rushing buying customers.

+Many foreigners are looking the movement of the market and looking for a sustanable development and they will set their decision when law is made clear to protect their own benefit.

+Last but not least, is the service of River Gate apartment. Novaland, all the developers, from the single one, employee, try their best to build construction that values.

SERVICES OF RIVER GATE APARTMENT

River Gate Project is fully furnished with advanced facilities to serve the best life for all the residents living here. Customers can meet all the needs of daily living with designed services such as swimming pools, commercial shopping center, spa, gym,cafe, restaurant and many other high-end gadgets.

Shopping mall in River Gate apartment is model of wholesale and retail business model which meet the various shopping needs of almost people with a reasonable price. Opening, large in width hall facilitate the selection of favorite products of customers. Every shop in River Gate aims to diverse products for variety of customers demand. For parking? Don’t worry, you will have very big place to park your car, even the big car. Then you can go to have a rest, even after long shopping time, in food, café area. That is a truly value of a commercial center that differs.

Officetel is a new model of property product, is expected to attract more investors from the market. This model is a combination of Office and Hotel, which means that the owner has the right to both business and residence registration for his apartment Officetel. This model is attracting the attention of the market and expected to grow significantly in the coming years. Come to River Gate apartment, customers is hardly ignore the new model of Officetel on the area from 26 to 31sqm, this is the first investment options for those who prefer to buy an apartment for rent. You can design a one-bedroom apartment for staying and working. This type officetel of River Gate apartment is suitable for singles for its affordable rental rate and have sufficient utility to use, such as swimming pool, gym, shopping and dining area. You will attract big intention and have a big chance to rent you apartment out.

READ MORE>>

VietApartment NEWS

River Gate apartment is one of top projects that is constructed by Novaland company. You may consider Galaxy 9 apartment or Icon 56 apartment of Novaland also but River Gate apartment has its own features. Located very closed to BenThanh Market, beside the River and oposite to the 23/9 Park, River Gate apartment will be a great choice for you to live in The Center of Saigon. Moreover, with the movement of new financial center, from RiverGate apartment, you could quickly reach to that in District 2.

In RiverGate apartment, you will have another choice of officitel for your business. A place to live and do business is a dream of many people and this time for all of that dream come true. In this post, we show you a flat structure of RiverGate Riverside apartment. All of area of single apartment are shown clearly. Hope this will be useful in helping you to come to buying decision or renting it as well.

Everything is ready for an elegant riverside River Gate building

Flat structure of River Gate Apartment

Flat structure of office in River Gate apartment

Office-tel flat structure in River Gate project

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VietApartment NEWS

Having a great location for transportation in District 4, River Gate Apartment will be a great choice for people who are working in Saigon Business Center. Living here, you can easily go to District 1 via Calmett Bridge and other District like District 3, District 5, District 8, 10 and 11. River Gate Apartment is supported to be the best apartment project in District 4 in 2015.

River Gate apartment designed in luxurious and modern way is a most high quality residence project in central region that Novaland is developing now. The project is a harmonious combination between offices, commercial centers and apartment into a perfect unity.

River Gate Apartment consists of two buildings from 27 to 33 high floors which area varies from 56.80sqm to 114.24sqm. After finish, River Gate Apartment is a symbol of beauty, harmony, grace and elegance beside Saigon River. All apartments hear are designed in open-air style in harmony with at least two surfaces exposed to river space.

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VietApartment NEWS

In this post, we want to help foreigner can image what and how apartment in Icon 56 Novaland look like. Before you go to Vietnam, just reading this post and know where is Icon 56 apartment Novaland is, how it is look like and which apartment is suitable with your pocket and budget.

STRUCTURE OF ICON 56 APARTMENT

The size and location of different type of apartment is various, there for you can have a wide range of buying and investment.

READ MORE>>

VietApartment NEWS

In Icon 56 apartment, you will have very big and attractive promotion and please note it as a grateful present for all the people who are  giving a trust in Novaland as a big company in Vietnam.

PROMOTION OF ICON 56 APARTMENT
( Applied from April 1st to June 31th, 2015 )

Furniture promotion
Customers who buy apartment in ICON 56 project from 4th to 13th will receive furniture promotion:
– 1 bedroom apartment: furniture values 150.000.000 VND (number 7, 8, 9, 12A, 12B)
– 2 bedrooms apartment: furniture values 205.000.000 VND (number 1, 4, 5)
– 3 bedrooms apartment: furniture values 240.000.000 VND (number 2, 3, 6)
– 3 bedrooms apartment: furniture values 330.000.000 VND (number 10, 11)
Furniture promotion can be directly calculated in to selling price included VAT.
Pricing
Selling price from 26.000.000 VND per square meter depend on location. High discount up to 7%. Flexible payment. You will be financed by Techcombank with loaning rate 8.99%/year fixed in 3 years

Pricing of ICON 56 apartment for normal payment.

Pricing of ICON 56 apartment for short payment.

SERVICES OF ICON 56 APARTMENT

– Remarkable and outstanding services: Owning a central location so that around the project you have a full range of extra advantages such as: Vincom Business Center, Financial Street, City Theatre, Children’s Hospital, green parks, system of schools and international education system. These are external services that you and family can have for a great life in busy Saigon Center.
Moreover, at ICON 56 apartment project area, you can have many services that can please you and family. All of services are at luxury standard.
– Aerial infinity pool (25th floor) with views over whole city. You can have very interesting experience when you both swim and sightseeing.
– Receptionist area with high luxurious halls 9meters in height.
– Social community of residents for communication and culture.
– Gym room.
– 2 subfloor for parking on standard.
– Security 24/24
– Convenience shop and super market at ground floor.

Gym room in ICON 56 apartment project

Super market on the ground floor of ICON 56 apartment

READ MORE>>

VietApartment NEWS

ICON 56 apartment is placed on a very important location that hardly can you find in others project. You can find it in the map below. Picture can say much more than we can.
From ICON 56 Apartment Novaland, you spend only 3 minutes to take a walk to big avenue in District 1 like Nguyen Hue, Le Loi, Dong Khoi, etc. At ICON 56 apartment, you can take an overall looking of Saigon at a very beautiful place of apartment.
According to the construction plan of HCMC, District 4 is located near a lot of commercial finance centers of HCMC, particularly with the major roads connect District 4 to District 1 as Nguyen Tat Thanh, Hoang Dieu, Ben Van Don. After a long period time of upgrading, Ben Van Don route has become widely and easily way to move to Q1.
However, free land funds in this area is almost nothing, so the introduction of ICON 56 draw huge attraction for you have full condition to live near city center.

ICON 56 location: 56 Ben Van Don, Ward 12, District 4, HCMC
• ICON 56 apartment is opposite to Vo Van Kiet Avenue, very closed to the city’s financial center within just a few minutes to walk. ICON 56 is a symbol of pride and art with modern design outstanding in District 4.
• ICON 56 apartment is connected to District 1 through Mong Bridge – one of the oldest bridges in HCM City. Just step over the bridge, you get to finance center, where located there the headquarters of the State Bank, City Stock Exchange.
• In an easy connection of transportation to District 1, District 2, District 3, District 5, 7 and 10.

PROMOTION
( Applied from 01/04/2015 to 31/06/2015 )

1. Promotion for apartment
1.1 Promotion for customers buying apartment in Galaxy 9 apartment.
-Present for apartment number 07 and 12A: 1 motorbike SH 125cc (VN) values 66.000.000 VND
-Present for 3 bedrooms apartment: 1 motorbike SH 150 cc (VN) values 80.000.000 VND

1.2 Promotion for Galaxy 9 apartment number 15:
-Present for 3 bedrooms apartment number 15: 1 motorbike SH 150cc (imported) values 146.000.000 VND

2. Promotion for all officetel and commercial offices:
-Special present is Iphone 6-16GB values 18.000.000 VND (can be directly reduced to selling price)

3. Promotion for all customers:
-Customers who live, work or have an ownership in Tan Binh, Go Vap, Phu Nhuan, Binh Thanh District or District 3 have promotion of 1%
-Customers who work as airways staff have promotion of 1%

Promotion under form:
Directly calculated into selling price included VAT.

Completion condition
– Apartment: non-furnished when transferring
– Office-tel: non-furnished when transferring

PRICE

Viet Apartment NEWS