Can foreigners purchase newly built apartments in Vietnam?

Yes, foreigners can purchase properties. Following the 2015 amendment to the Housing Law, foreigners and foreign corporations can now purchase condominium units in Vietnam. However, there is a limit of 301 TP3T for foreign ownership per building. The ownership period is generally 50 years, and renewal is possible under certain conditions.

What is the price range for newly built apartments in Vietnam?

New apartments in Ho Chi Minh City can be purchased for around 70,000 USD in suburban areas. In the city center and in luxury residences, prices can range from 200,000 to 500,000 USD or more, and prices vary greatly depending on the location and developer.

Are newly built apartments in Vietnam a good investment?

Vietnam is experiencing continued population growth and urbanization, leading to expectations of strong long-term real estate demand. Rental demand is particularly high in Ho Chi Minh City and Hanoi, and many investors are purchasing properties in anticipation of future price increases. However, real estate investment also carries risks, making location and development plans crucial. Choosing the right local real estate company is also extremely important, considering future rental management and resale possibilities.

How much are the initial costs when purchasing a newly built apartment?

In addition to the property purchase price, registration fees and notarization fees will also be required. Generally, these fees amount to approximately 11.3 TP of the property price. For foreigners, access to local bank loans is limited, so cash payment is the norm.

Do you also handle new apartments in cities other than Ho Chi Minh City?

Yes. We offer new condominiums in major Vietnamese cities, including Ho Chi Minh City, Hanoi, and Da Nang. We cater to both residential and investment needs, so please feel free to contact us.

Is it possible to view the property or take a tour?

Yes, it is possible. Our staff can assist you in Japanese within Ho Chi Minh City. We can also arrange viewings of newly built condominiums, model rooms, and projects under construction, so please feel free to contact us if you have a property in mind.