Wanna own property in Vietnam?

You have to be able to stay in Vietnam for MORE than 90 days, to be able to buy.  Yet, unless you work in Vietnam or own a business in Vietnam, they only give you visas for UP TO 90 days. 

Attorneys in Vietnam are bad.  But for this, I must give it them. 

Most of foreigner rent a house and they feel comfortable. They afraid the changing of government's policy. Sure.

My wife and I are saving up to buy a house now. I wish the laws would change so that I can be a part owner. I believe that would help me eventually get permanent residency.

VungTauDon wrote:

My wife and I are saving up to buy a house now. I wish the laws would change so that I can be a part owner. I believe that would help me eventually get permanent residency.

Not only you. Most of Vietnamese people hope so! But very very long time and your life so...short.

VungTauDon wrote:

My wife and I are saving up to buy a house now. I wish the laws would change so that I can be a part owner. I believe that would help me eventually get permanent residency.

Don there are articles in the immigration law on the books now that addresses permanent residency and home ownership. It applies to people that have Vietnamese spouses, like yourself. It won't work for me because my wife is Viet-Kieu.

Here's a link with a few of the requirements:

http://vietnamnews.vn/opinion/you-asked … -2012.html

So, the bubble of Vietnam real estate market is passed over now. The property's price is the closest to the reality value. Is this the good time to buy your own house or thinking to invest into?

Rosyvn wrote:

So, the bubble of Vietnam real estate market is passed over now. The property's price is the closest to the reality value. Is this the good time to buy your own house or thinking to invest into?

IMHO the current asking prices for real estate in VN is not even close to reality. Nha Trang Center condo's are retailing for $2300 USD per sq meter!!! They have only sold about 35% of the units with well over 150 vacant condo's. Matter of fact the entire Complex that includes retail outlets, cinema, food court, grocery market etc is up for sale.

Muang Thuong just built a 5 Start hotel with apartments of which to my knowledge none have sold.

Condo Nest another 5 Star Condotel is not yet finished but very close which adds a couple of hundred more units for sale.

Just this week they are breaking ground for ANOTHER 5 Star hotel condo complex next to the University across from Hon Chon, This will add another couple hundred units to the Nha Trang market.

The bubble has not yet even come close to popping. A similar case can be made for Da Nang (I just was there last week) and HCMC. I could go on but if the point has not been made by now it never will be.

Rosyvn wrote:

So, the bubble of Vietnam real estate market is passed over now. The property's price is the closest to the reality value. Is this the good time to buy your own house or thinking to invest into?

And I quote:

Knight Frank also thinks that the real estate market would still keep gloomy in 2013 with the apartment sale prices to drop further in the first half of the year, if the government does not implement necessary measures to settle the problems of the market. - See more at: http://vnre.blogspot.com/2013/02/the-re … is5Xu.dpuf


CBRE Vietnam believes that 2013 would be the time for a “revolution” in the real estate market. About the prices of the apartments in Hanoi, CBRE’s experts think that the prices would drop by another 10 percent after decreasing by 12 percent in 2012. - See more at: http://vnre.blogspot.com/2013/02/the-re … is5Xu.dpuf


Therefore, one should not expect too much on the recovery of the real estate market in 2013. If the apartment prices decrease further, the sales of low cost products, priced at less than 1-2 billion dong, would increase by 25 percent.
- See more at: http://vnre.blogspot.com/2013/02/the-re … is5Xu.dpuf

Meanwhile, Cushman & Wakefield believes that the measures suggested by the government and relevant ministries are not powerful enough to give strength to the real estate market which is in big difficulties. - See more at: http://vnre.blogspot.com/2013/02/the-re … is5Xu.dpuf

Better think twice before you invest your sweat and blood here in anything ; whether it is for business or buying  for shelter, because this is not your soil.

In Australia you can get a good rental returns as home loans are a pain to get and house prices are still high in good areas. Maybe if the government gave the purchasers a Vietmese passport and ownership of the land then it may turn around.

thanks for the link budman1

BIGJED1975 wrote:

In Australia you can get a good rental returns as home loans are a pain to get and house prices are still high in good areas. Maybe if the government gave the purchasers a Vietmese passport and ownership of the land then it may turn around.

Yes and the rental returns in America are excellent. Especially when you are a cash buyer which is what you would have to be basically here in VN. There are literally thousands and thousands and thousands of properties available with 15-25% ROI.

My advice is to invest in your own country. Turn the property over to a management company if necessary and on a $50,000 USD investment easily get a minimum return of $400 per month (10% ROI). Compare that to what $50K in VN will buy you!!

500 000$ in central perth on short term rental will get you $800/ week return, just the shot for life in vn

Nice we in Toowong Brisbane looking at renting ours for $625 per week. Plus all the lovely tax breaks it brings. So renting for $360 a month good for us.

Thanks for the good news!

Solo1,

A $50,000 investment in Vietnam can yield you $800/mo.  But, there is a high probability that you will loose the $50,000, along with $800. 

Wild_1 wrote:

Solo1,

A $50,000 investment in Vietnam can yield you $800/mo.  But, there is a high probability that you will loose the $50,000, along with $800. 

The odds are better in Las Vegas!!

Rosyvn wrote:

So, the bubble of Vietnam real estate market is passed over now. The property's price is the closest to the reality value. Is this the good time to buy your own house or thinking to invest into?

BTW Rosyvn I really wish you would back up your erroneous claims with actual data.

The nick says it all, gang.  What I don't get is how did these people come to the conclusion that we will hand them our hard-earned money, just like that?  Are we that stupid, or they are just too naive?

Wild_1 wrote:

The nick says it all, gang.  What I don't get is how did these people come to the conclusion that we will hand them our hard-earned money, just like that?  Are we that stupid, or they are just too naive?

Typical resort/retirement type selling. SELL THE DREAM!!!

Investing or buying property in vn is onething.

One issue you must look at is:
Bring in dollar and converting to dong is easy. The tricky part is when you sell it and try to convert dong to dollar and try to take out of vn.

That where the problem start.

NPBD wrote:

Investing or buying property in vn is onething.

One issue you must look at is:
Bring in dollar and converting to dong is easy. The tricky part is when you sell it and try to convert dong to dollar and try to take out of vn.

That where the problem start.

Excellent point that I omitted to bring to light!!

NPBD wrote:

Investing or buying property in vn is onething.

One issue you must look at is:
Bring in dollar and converting to dong is easy. The tricky part is when you sell it and try to convert dong to dollar and try to take out of vn.

That where the problem start.

I guess they expect the stupid expat to be dead in 50 years and therefore problem solved!!

@Solo1  As in the selling of snake oil, you mean?  Anothing that gets me is that, out of nowhere, these guys would just barge in and, "Come.  Good investment.  Big profit.  Give me your money...  Give me, give me!  I know." 

I would be like, "Can I at least get some of what you have been smoking, first?"

@NPBD  Yes, that is a big can of worms, all by itself.

I was reading about a lot of businesses are leaving VN leaving huge debts behind and workers not paid. This doesn't give you much hope you could rent out your house if you wanted too. How is going to live somewhere there is no work. There is just so many people who want to retire in VN.

Wild_1 wrote:

@Solo1  As in the selling of snake oil, you mean?  Anothing that gets me is that, out of nowhere, these guys would just barge in and, "Come.  Good investment.  Big profit.  Give me your money...  Give me, give me!  I know." 

I would be like, "Can I at least get some of what you have been smoking, first?"

@NPBD  Yes, that is a big can of worms, all by itself.

I'm still waiting for some positive actual facts and figures from the opposition. Something about when hell freezes over I'll get them!!!

People who are hurry to invest, just think you are doing some charity work here!

charmavietnam,

Its that risky here? How about the locals? Some claims the are ways to channel your investment profit to your home country!

Clement Chong wrote:

charmavietnam,

Its that risky here? How about the locals? Some claims the are ways to channel your investment profit to your home country!

If you are new to Saigon I suggest  you wait some time and study the area, type of business you want to invest and of course your neighbor businessmen both expats and locals. When you get a clear idea, you know what to do:-)  Good luck!

charmavietnam,

Thanks for your feedback..Do you guys organize any chit chat session over coffee?

quite lonely here without friends..

Clement Chong wrote:

charmavietnam,

Its that risky here? How about the locals? Some claims the are ways to channel your investment profit to your home country!

It's easier to bring your currency into Vietnam than it is to take your currency out of Vietnam. From what I gather you have to show your money trail how much you bring into Vietnam in order to take out. Don't know if you can take out more (profit) than you brought it in otherwise how can you prove this.

charmavietnam wrote:

People who are hurry to invest, just think you are doing some charity work here!

I've got tonnes of other investment outside of Vietnam. Any investment I do in Vietnam all profits will stay in Vietnam for the long term. Just like any investment got to do your research.