5 Reasons Why You Should Invest in Property in Vietnam Right Now

Property investment is one of the most stable sources of passive income available in the market, and while there are a lot of interesting markets when it comes to purchasing stable real estate, there is one particular place that has emerged in recent years.

With its rich history, its lively culture, and the natural beauty of its urban and rural landscapes (with ancient temples, foggy mountains, and sunny beaches all in the same country), it’s no surprise that Vietnam is definitely a sight for sore eyes for a lot of expats and investors alike.

However, there are other reasons to move to the country – and here are the biggest ones why you should look into Vietnam for the investment opportunity of a lifetime:

1. Recent legislation has now made it easier to buy property in Vietnam.

Because of recent laws that have been passed, every foreign investor that has been granted a Vietnam visa can take advantage of the property launch in Ho Chi Minh City and invest on real estate industry in the country. Whether it be a condominium, an apartment or a villa, any qualified foreigner can own a residential property here in Saigon.
As long as the purchases don’t go over thirty percent of the total available units of a particular complex, there’s no limit in the number of properties that a foreign investor can purchase.

Property can also be sub-let, inherited, or collateralized for foreign investors, and though land can only be technically “leased” from the state, this lease can be constantly renewable. This in turn allows Vietnam to have one of the most open and lucrative property markets in all of Asia.

2. New project launches are constantly emerging in the country.

Ho Chi Minh City is currently budding with real estate opportunities for expats and investors, with the biggest of them being District 1, the city’s commercial and trading hub. Also, Binh Thanh District has quite a lot to offer, with vinhomes central park for sale as one of the popular residential projects in Vietnam. This residential complex features modern apartments and officetel units alongside shopping malls, cinemas and many dining options.

District 1 is also the busiest district in Ho Chi Minh City, so you can expect a lot of traffic in the downtown and business areas of the city. But you can also find the most amenities and the best nightlife here.

Closely following District 1 when it comes to attracting foreigners and expats are District 2 and District 4. District 2, particularly Thao Dien (the district’s north end), is a popular area for expat families to settle because of its calm, relaxed atmosphere.

District 4 is surrounded by these two districts, but occupies its own small “island” with the Saigon River on one side and two canals on the other. This makes the district famous for its abundance of fresh seafood, and a lot of the city’s fish hauls often stop by at this district first.

3. Your investment’s safety is assured with strong warranties and safeguards.

There’s every reason to rest easy when planning to invest in premium properties, such as in one of those superior units in property launch for De La Sol in Vietnam. These newly opened upscale housing projects are major investments, so it pays to ensure you have good warranty coverage.

This is because all developers are required to secure bankers’ guarantee from local banks that are approved by the state. These banks are liable to pay back the buyer if the property isn’t completed and given on time.

Here, the pressure is now on the banks and developers to make sure that the property is completed on time, or the buyer is compensated if it isn’t.

When it comes to construction, a 1-year warranty is provided for buyers to cover any defects, fixtures and fittings within the property, as well as a 5-year contractor warranty for any structural issues that could happen with the property.

4. The process itself is now more investor-friendly.

While the Sales and Purchase Agreement is still signed in Vietnamese (and is of course, subject to Vietnamese law), most developers and real estate agents in the country now have versions of the SPA in English translated by lawyers, and signing on both language copies makes them both equally valid.

It’s also a lot safer since there’s no need to consult a conveyancing lawyer beforehand. This is because developers in the primary market are the ones who take care of most of the documentation on the homeowner’s behalf.

What to Look for When Renting an Apartment, House or Villa in Ho Chi Minh City

Remember these pointers when looking for an apartment for rent in Ho Chi Minh City, Vietnam.

1. Accessibility to Shops. If you are planning to rent apartment in Saigon, specifically in the busiest section of one of the districts, you should anticipate a higher rental fee. But renting an apartment at the quieter neighborhoods should still give you access to shops and markets for your needs.

2. Nearby Schools and Universities. If you’re bringing your entire family, find an apartment for rent in Ho Chi Minh City that is located near schools and universities. If the rental fee is too high for you, look for a villa rental that is accessible for commuting.

3. Number of Rooms and Floor Layout. The number of rooms when you rent apartment in Saigon will also affect the rental fee charged by Vietnam Best Rent so ask the landlord if it’s possible to change the layout (adding or removing walls to create or expand a room) or if you can get another unit. If you’re planning to rent a studio apartment, you should at least determine if the layout of the room will allow you to perform your tasks easily. Will your furniture fit? Do you have enough space for your kitchen and dining area?

4. Facilities and Parking Space. Never agree to a contract if you cannot inspect the apartment for rent in Ho Chi Minh City. You should be given a chance to tour the area and inspect the facilities in the unit. If you have a car, you should never forget to ask about the parking areas and if it’s included in the contract or is an added expense. Inspect the parking space to make sure that it is secure and accessible.

5. Amusement and Relaxation Spots. As one of the fastest growing cities in Vietnam, you should look for apartments or condominiums in the city that will give you access to shops, restaurants, and other amusement and relaxation spots. If you pick a location that’s within the center of the district, however, you should anticipate that it would be more expensive to rent apartment at HCMC.

6. Tolerable Neighbors. Observe the neighborhood when you’re doing an inspection. Better yet, you should interview them for a few minutes to ask about the landlord, the maintenance of the apartment complex or condominium, and common problems they encounter. If you do pick that unit, you will at least see familiar faces when you move in.

7. Transportation. If you plan to rent a house in district 3, make sure that it is accessible when you need to go to work. Take some time to look for the nearest shops, schools, hospitals, and restaurant in the area, then ask the locals about how to get to these buildings. If the place is inaccessible or is in a remote part of the district, the rent should be cheaper than accessible a rent apartment at HCMC.

8. Pet Policy. There are opportunities to rent apartment at HCMC that allows for pets, so if you need to bring your dog or cat, make sure that you discuss this with the landlord to avoid surprises. Remember to take note of the rules about raising pets and to ask the neighbors about their experience. This should also be included in the contract when you rent a house.

9. Landlord Impression. If you find it difficult to ask for details about a condominium rental in district 1, you should probably look for a vacancy elsewhere. If a landlord cares for his/her apartment for rent in Ho Chi Min City, then he/she should leave opportunities for applicants to contact him/her. Response should be timely and polite, especially if you want to discuss the condition of the villa rental or condo. The landlord’s communication skills before any contract can be even made is a good indicator of how he/she will respond to complaints and maintenance requests in the future.

10. Rate and Method of Payment. Any reputable villa rental or rent a house contract in Vietnam should base their rates on the average rental fee in the neighborhood. But what if you want a cheap Saigon apartment rental contract? Sure, you can go for that, but you should be aware that it could probably be a scam or the promised apartment is different from what was shown in the photos. It also goes without saying that you should stay away from a landlord who asks right away for payment even without a contract. Check out http://www.bestrent.vn/ in Vietnam for reliable property brokerage and legit properties for sale and for rent in Saigon.

11. Proper Maintenance. When looking for an apartment for rent in Ho Chi Minh City, make sure that the unit justifies the rate. Sure, there are high-end Saigon apartment rental opportunities that offer the best facilities, but that does not mean you should settle for a poorly-maintained unit because it’s cheap. Look for out of order signs and ongoing renovations when you inspect an apartment for rent in district 2 for example, or you can ask the neighbors about the maintenance requests that have not been fulfilled.

12. Tenant Screening. If you’re looking for a cheap Saigon apartment rental, you should be wary of landlords who do not screen their applicants effectively. But wouldn’t a strict landlord just make the application more difficult? If you have your documents and identification in order, this should not be an issue with a credible landlord. If the requirements are too easy to fulfill, then you might be looking at a scam or questionable rent a house contract. Most likely the apartment is in a bad condition, too.

13. Clear Rental Contract. You should at least know the average rent in the neighborhood, the eviction laws, and the terms in the contract. Read and ask questions before signing to avoid regretting the decision later. You should also look for blank spaces in the contract pertaining to the method of payment, the asking rent and other expenses that you will shoulder, and other related information. If possible, there should be a breakdown of the items you’re supposed to pay, violations of the contract, and provisions for late payments.

Get Your Own Condominium by the Beach at Kahuna Ho Tram Resort

Ever dreamed of having your own home near the beach? How about a condominium near a golf course and casino? Your dreams are within reach with the ongoing expansion of the Kahuna Ho Tram Resort, which opens its doors for property investment, holiday resort investment, or if you just want to have your own dream villa beside golf course.

Hồ Tràm

The renowned Kahuna Ho Tram Strip is in the Bà Rịa-Vũng Tàu Province in Vietnam, just a hundred kilometers away from Ho Chi Minh City. The ongoing development of the area will transform Dự án Hồ Tràm into a world-class premier destination for tourists, entertainment and gaming enthusiasts, and adventurers. The sleepy fishing town of Hồ Tràm has been known for the beautiful Vũng Tàu cape, the hot springs and mud baths at Binh Chau, and the impressive 11,000-hectare rainforest reserve.

It’s an ideal place to have your own Vung Tau condo because of its moderate year-round climate, the beautiful beaches, and virgin forests. However, you don’t need to go to the busiest cities in Vietnam for the best facilities and amenities for entertainment and relaxation. Collectively known as the Kahuna Ho Tram, the project includes the Kahuna Ho Tram Strip Beach Club, The Grand, The Bluffs, and the Gallery Villas at Kahuna Ho Tram Strip. Dự án Hồ Tràm will soon rival popular tourist destinations, such as Phuket and Macau, including that of Las Vegas, in its grandeur.

The Beaches

The main attraction of the property investment venture at Kahuna Ho Tram Resort in Vietnam are its beaches and high-end villas. Hồ Tràm is known as the other half of the twin beaches in Vũng Tàu, the other famous beach resort being Ho Coc. Both beaches are known not just for their crystal-clear waters, but also for their wide beachside and clear sands.

Both Hồ Tràm and Ho Coc have been known to the locals and the city excursionists from Ho Chi Minh City, because the beaches are accessible.

Kahuna Ho Tram takes its name from the Hawaiian word for big waves, kahuna; and it surely has been making waves in the Southeast Asian region with its promise of unspoiled beaches, world-class facilities and amenities, and quality service. If you invest in condo, you will not only get a prime view of the beaches, but you will also be living near The Bluffs Golf Course, The Grand, Beach Club, a five-star hotel, and other shops and entertainment outlets.

Things to Do

There are so many things you can enjoy at the Bà Rịa-Vũng Tàu region in Vietnam besides enjoying the beautiful beaches. You can visit its famous architectural landmarks, such as the Vũng Tàu Hydrofoil Fast Ferry Station, the statue of Jesus at Nho Mount, and the mansion of the former French governor of Indochina. Vietnam is home to a colorful multicultural people with influences from Vietnamese folklore, Buddhism, Catholicism, and Russian Orthodox. And why not? The region has been known as a trading post in the colonial era and even the name Vũng Tàu comes the word “anchorage,” although its former name used to mean “three boats” or Tam Thắng. It used to be a home for pirates, traders, and an important location for a defense against invaders.
You can also enjoy some of their festivals and holidays, such as the Whale Holiday, the anniversary of the Battle of Long Tan, World Food Festival Culture, and Kite Festival.

The Amenities

The Kahuna Ho Tram Condotel offers a unique opportunity for those interested to invest in condo, whether you prefer the beach villa for sale, or the Condotel tower units with a variety of amenities and views. If you are thinking of investing into one of the most excellent properties in Vietnam, check out http://www.kahunahotramresort.com/en/ to know more about Kahuna Ho Tram property investment.

The property investment and holiday resort investment opportunities are divided into three types; the condotel, double key garden villas, and the single key beach front villas.

The condotel is located in a 12-storey tower where investors can pick from among the 130 standard units, 8 penthouses, 14 corner units, 10 ground floor standard units, and 2 ground floor corner units.

Choose from one of the two types of beach villa for sale. The thirty-six double key garden villas each has its own private garden and private pool, and two to three-bedroom units. While the eight single key beach front villas all have two floors, private swimming pools, and three large bedrooms each.