Price, rental yield, infrastructure and project developments in Ho Chi Minh pull a number of property buyers.
Vietnam is not only attracting tourists but also real estate buyers, particularly in Ho Chi Minh (Saigon). The city is getting a lot of buzz since residential properties and commercial projects are here and there.
Property buyers from Hong Kong, China and Singapore are entering the doors of Vietnam property market because it is affordable yet competitive and worth the investment.
Property prices in Saigon
In a fast-growing and thriving city, low purchase price despite of its great detail is still possible to acquire. Vietnam offers a great deal of mid-to-high end properties within the city centre and business districts.
Price difference between Saigon and Hong Kong as well as China and Singapore is almost half the value. For $3,000 to $6,000 per square metre, investors will be able to buy prime property in an urban commercial area. Compared to Hong Kong, China and Singapore, prices are approximately $7,000 to $9,000 per square metre.
Great rental yield
Thailand, Philippines, Malaysia and Indonesia are known to be one of the countries with highest rental yields in Asia. And in like manner, Vietnam also holds such promising yields to property investors. In fact, rental yields in Vietnam is up to 6 to 8%.
As a result of the booming market and growing population, Vietnam has a line up of ongoing infrastructure – transportation and housing. At the present time, high-speed train is still in the works and it is expected to be done by 2020.
Take note, properties near train stations are mostly likely to be sold because investors look for convenient and accessible condos.
Grand project developments
Developers are pushing their limits to provide an investment worthy Vietnam property. Condominiums in Ho Chi Minh are spacious, innovative and has a variety of world class facilities.
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