vietnam-properties.com

06/11/2018

Check out this answer on my Quora account about having a loan in Vietnam if you are foreigner!

Maite Ho's answer: You should have a job or a business in Vietnam then you can bring your contract (with salary ) or business registration certificate to ask for a loan

13/04/2018

Vietnam report on HCM real estate Q12018: Record-breaking new supply on apartment sector, and more information of the market. Contact us for a full report.

APARTMENT: RECORD-BREAKING NEW SUPPLY

Over 10,500 units from 13 new projects and the next phases of nine active projects were launched. Primary supply declined -13% QoQ and -32% YoY to 28,600 units.

Soft performance across all grades gave a total of 13,500 sales, decreasing -11% QoQ but increasing strongly 51% YoY. Grade C sales still dominated the market, with 62% of total sales. Absorption at 48% was up 1ppts QoQ and 26ppts YoY.

Till 2020, supply is expected to be more than 122,000 units from 93 projects. District 9 is expected to provide the largest share with 32 percent. Grade C is estimated to have the highest proportion, 61% of future supply.

11/04/2018

Q&A for investing in Vietnam real estate (Part 2 - question 16-31)
I have been updating the Q&A for the investor who seeks for information and process to invest in Vietnam, check it out fully on my website:
http://vietnam-properties.com/Investment-news/Q%26A-investing-Vietnam-real-estate
16. Can I have a loan?
If you have a business or a job here, yes
If you don’t have business or job, it is impossible.
17. A project on paper costs less than an already completed project?
The first sales events would have some discount, after that, the price goes back to normal price, that’s why the project in paper costs less than when it completed, besides if the market price goes up (and it normally does), the price will go up.
18. Is there any difference between local and international developer?
Yes, the local developer is cheaper than the international one, however, it related to quality, transparency in the procedure, and handle the paperwork, International one because they also sell a lot to the foreigner they know the procedure and have a better connection
19. How many times do you need to come to Vietnam/ and for how long?
1 time at least – SPA time
20. Will your spouse/wife/partner need to come with you?
No, but need to re-confirm with your developer/agent
21. Marriage certificate need: only when you sell your asset, need to re-confirm with your developer/agent
22. Criminal in business
A project now is guaranteed by the bank as per the law, hardly any scam can happen.
23. What is Vietnam-properties fee involving?
Hour fee: USD 30 per hr
Onetime fee: USD 3,000 per asset
24. Do you need a lawyer in Vietnam?
Depends on you, however for the basic legal matter, you don’t need to.
25. Do you need a lawyer in your country?
Depends on you.
26. What document do you need to provide for Spa/pink book?
a. Single: passport with entry visa
b. Marriage: both signature
27. If I hold a foreigner pink book, who can I sell to
-Vietnamese and foreigner
28. If quota runs out what should I do?
Lease Agreement: 50 years of ownership, and you have the same benefit as the sales agreement
29. Bank fee
a. Open a bank account: free
b. Receiving the money from abroad: no cost
c. Transfer money abroad: depends on the bank, internet banking will be 11k/transaction, if the transaction from 100 mils, charge 0.03%
30. What if you want to invest a few not only one project?
Can
31. What if you want to change the owner of the apartment?
- Before the SPA: you just need to change the name
- After the SPA: before the pink book process start: possible
- After pink book applies process: you will have to do it by yourself

For investing in Vietnam real estate, I have been helping the investor to invest in Vietnam, hereby some most frequently asked question

09/04/2018

Q&A for investing in Vietnam real estate (Part 1 - 15 questions)
I have been updating the Q&A for the investor who seeks for information and process to invest in Vietnam, check it out fully on my website: http://vietnam-properties.com/Investment-news/Q%26A-investing-Vietnam-real-estate
1. What is the process of buying an apartment in Vietnam (with/without Vietnam-properties.com service)?
I will update another post for full process, briefly, it is:
a. Review and choose project
b. Come to Vietnam for signing contract, open a bank account
c. Follow the payment scheme until the apartment handed-over
d. Managing the asset: Sell or lease
2. What are the new Vietnam housing law’s major changes?
- When it takes effect: 1 of July 2017 - open up for foreign ownership
- All individuals and company that not entitled to diplomatic or consular immunities and privileges are eligible to buy
- Apartment (30% of them) and landed properties (10% but not more than 250 units)
- Ownership for 50 years, 3 months prior, you can ask for another 50 years
- The properties owned by a foreigner can be sold, sub-leased, inherited and collateralized
3. What fee involves my apartment buying?
a. VAT fee: 10%
b. Maintenance fee: 2% (no tax on this fee)
c. Pink book fee: admin fee and registration tax for ownership 0.5%
4. What right I have if developer fail?
a. Bank guarantee: As the law: Decree No.76/2015, a project under construction, a developer is to provide buyers a guarantee by a capable commercial bank to guarantee.
b. Late handover: Developer has to pay default interest on the paid amount to the purchaser, the equal default interest rate will be applied to purchaser
c. Failure to complete: The buyer has the right to unilaterally terminate the SPA, have the money back without interest, and a compensation from the developer (with an equal amount of buyer fail to pay the developer)
5. What if you want to transfer the profit to your country?
- Pay your tax (lease is 10% income tax and sell is 2% of the profit made)
- Submit your contract and invoice to the bank
- Do the transaction from your Vietnamese bank account
6. IF you are not in Vietnam, how can you handle buying?
- You need to come to Vietnam - when signing the SPA and open a bank account, you can have a representative to take hand-over.
- Vietnam-Properties as your representative in Vietnam to handle: chose the apartment, hand-over, manage the asset
7. Who can manage your asset in Vietnam?
- There is asset management agent in the market, Vietnam-Properties also supply the service as your asset manager: look for tenant, maintenance, sell or lease it, do customer service
8. Payment scheme special note
Before the SPA: For both developers: 20%
Before hand-over: For the international developer: 50% max
Before hand-over: For Vietnamese developer: 75% max
9. How much is an interior-furniture package?
Because in Vietnam, normally the apartment be handed over with basic hand-over condition, means only kitchen and bathroom is fully equipped, the owner has to do interior
Interior package is
1 BR: 05k USD
2 BR: 10k USD
3 BR: 15k USD
4 BR: 20k USD
10. Is there any discrepancy in tax and other fee related to Vietnamese and foreigners?
No
11. What is the quota for the foreigner?
30% for apartment project and 10% for landed property (not more than 250 units)
12. Is there any specific apartment/ house that foreigner cannot buy?
No, however, there is some location that very sensitive in defense, in that case, a developer would not be allowed to sell to the foreigner
Foreigner is allowed to buy from the second-market from another foreigner owned
13. Is there any difference in treating Vietnamese and foreigner buyer?
Government side: The pink book procedure of foreigner still has not many cases to conclude
Developer side: No
14. Can I have the spouse name in my apartment?
Yes
15. Can I do transaction by USD to buy an apartment?
No, only VND

22/03/2018

Stay tuned for my posts about real estate investment soon

23/02/2018

District 7 - District 2 in comparison and tips for investor’s choice (last)

Development Potential
It is undeniable that District 2 will have more potential than District 7, be developed after District 7, invested in all aspects (traffic, infrastructure, utility, landscape, ...). In the future, when the land resource reaches its limitation and the infrastructure is developed synchronously, this place brand will be formed and value added will be recognized

Useful Tips for Investors
Buyer- investor should choose depends on your interest: District 2 with a large land resource, infrastructure is on the way to be completed, better traffic situation, especially the area influenced by the metro, in addition, the price is competitive, this will be sold like hotcakes that investors should bear in mind. District 7 is more for green, well-organized infrastructure that will take District 2 at least 8 years to get there.

Read more at http://vietnam-properties.com/
The opinions expressed in this article are the author's own and do not reflect the view of any organization.

Save 50% of your time and gain up to 20% capital. Vietnam-Properties offers the A to Z real estate broker service from buying to managing the asset.

22/02/2018

District 7 - District 2 in comparison and tips for investor’s choice (continued)
Price
Considering the same segment, the average selling price of District 7 is slightly lower than District 2. However, District 7 and especially Phu My Hung is a developing community. It took almost 20 years ago to get a new breakthrough to create an increase in the value of real estate in this area. Meanwhile, District 2 has the advantage of a better-completed planning, taking experience from District 7, growing to new heights. It is expected that when the first Metro line of Vietnam will be put into operation in 2020, the real estate value of the surrounding areas, especially Thao Dien, where many Metro stations will be located, the price will be increased strongly. It can be said that District 2 has sufficient facilities and conditions to increase the value of real estate in 3 to 5 years.
Read more at
http://vietnam-properties.com/
The opinions expressed in this article are the author's own and do not reflect the view of any organization.

Save 50% of your time and gain up to 20% capital. Vietnam-Properties offers the A to Z real estate broker service from buying to managing the asset.

21/02/2018

District 7 - District 2 in comparison and tips for investor’s choice (part 2)

The existing residential area:

The rich and the high-income families are now concentrated in District 2 and choose to settle down in this place, forming a new and civilized community of the city, the similar advantage with District 7,
• If District 7 has iconic luxury and modern area Phu My Hung, District 2 has Thao Dien
• If District 7 has Him Lam Tan Hung new urban area, District 2 has An Phu, An Khanh.
It can be seen that at the moment, new construction size of District 2 is slightly higher than District 7- (Midtown project of Phu My Hung compare to The Nassim, Masteri An Phu, Vista Verde, Felix en Vista in, Palm Height in District 2 etc) , most of the outstanding projects in District 7 are located in the Phu My Hung area was built from 20 years ago. Meanwhile, District 2 is the choice of NOW of investors: Hongkong Land (working with Son Kim Land), CapitaLand or Frasers Central Point, Keppel Land
Read more at http://vietnam-properties.com/useful-info/District%207--%20District%202-in-comparison-and-tips-for-investor%E2%80%99s-choice

20/02/2018

District 7 - District 2 in comparison and tips for investor’s choice (part 1)
Location: At the moment, District 7 is more advantage than District 2 because it widely borders with District 8, District 4, District 5, also it is easy to go to District 9, District 1.
However, District 2 has one killing advantage: it is one of the closest districts to District 1 – Centre Business District of HCMC. It can be said that District 2 is the most beautiful district in the three districts of East HCMC, besides that, people living in the East and some nearby provinces such as D**g Nai, Binh Duong, Vung Tau … must go through the District to get to the city. Because of this special location, a lot of projects have been invested in the area such as Gateway Thao Dien (sold out), Masteri Thao Dien (almost sold out), The Nassim (totally sold out), D’edge (almost sold out), The Estella Heigh etc
(continued) Read more at

19/02/2018

Market outlook on the primary price of residential Ho Chi Minh residential market is forecasted to grow stronger. Report by CBRE

Why:

1. The supply is still under demand

2. More big FDI coming to the city requires a luxury accommodation.

3. Government is creating a better environment for foreigner investment

17/02/2018

http://www.vietnam-properties.com/Vietnam-property-foreign-ownership

Vietnam property foreign ownership has been approved. New laws opened up the Vietnamese property market to expats (Law on Housing, Law No. 65/2014/QH13)

07/02/2018

New city centre Thu Thiem master plan