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The Property Sale Scene in Vietnam and Things You Need to Know

Vietnam has slowly been recognized as a hotspot for property sale and investment. The country’s economy has been booming in the past few years, both as a result and because of, property sale. And even though the property business in the country is not considered as transparent as in other, more developed countries, it is evident that there is still a significant development. Ho Chi Minh City, for example, being the biggest city in the country, has seen fast economic growth due to major infrastructures and developers extending their services to cater foreign investors who are looking to buy property in Saigon.

Consequently, finding an apartment for sale at HCMC in Vietnam involves making all the right decisions. Whether you want to buy, lease, or sell a condominium, it is important to have even just a bit of basic knowledge on how things are being run in the market. Whether you’re a businessman from Hong Kong or Singapore seeking to expand your business or just looking to acquire more properties, it is crucial to understand different conditions and factors that contributes to Saigon property prices before engaging in new project launches and buying a realty. After all, property investment policies have been made understandable and more attractive to foreign investors for the purpose of prospering the economic status of the country.

What are realties?

Realty or real estate is a property of land including all buildings currently built on it. It also includes all the natural resources within its perimeter. It is a part of the broader term, real property which includes rights and ownership of that land even if it is undeveloped. It can be classified in three categories:

• Residential- houses, condominiums, apartments, undeveloped land, and etc.
• Commercial- office buildings, retail store buildings, and etc.
• Industrial- factories, farms, and etc.

Selling, buying, or renting real property in Saigon will be very different between each of these categories. Buying apartments will be very different from investing in commercial buildings, for example. The real estate market is mainly dependent on factors like property tax, employment rate, crime rate, and economy. Commercial realties, as the name suggests, caters to commerce. It can base profitability from restaurant buildings, office buildings, and/or malls standing on the property.

Checking a property for sale and how investors perceive property value

When looking into real estate, it is always important to take many factors into consideration. As mentioned earlier, the conditions affecting residential, commercial, and industrial realties are all different. So, even if you are eyeing a Ho Chi Minh City property at Lancaster Lincoln condominium launch in District 4, taking these factors into account will help weigh the pros and cons of your property investment. More than that, the value of a property should also be discerned upon.

Value of a certain property will be different in the perspective of a local Vietnamese businessman to that of a foreign investor. A local may acquire land through heritage, or through different relationships, or years of pain to earn money to buy the land. Most of the time, this will have no value to the foreigner. So, sometimes they will not understand why “the price is too high”, because to him/her, it may be that the price is the one that determines the workability of the project and not the history of the land.
Having a common understanding of property value will be hard to come by, especially in the case of a local-foreign deal.

Ho Chi Minh City: A wonderland for property sale?

Different condominium prices around central Ho Chi Minh City are also slowly attracting more and more people. Because of the growing population in the different districts, more investors are also beginning to buy real property or engage in property sale within the area. Furthermore, these districts have become a hotspot for foreigners for finding good apartments to invest on due to its strategic location. Here are some of the districts that have been presenting more and more opportunities for real estate.

District 1 (D1) is the central financial and business district in Saigon. It is said that during the colonial period, French architects designed the area, which explains the parks and the tree-lined streets. With major sights like the Independence Palace and the Notre Dame Cathedral, and an increasing number of hotels and stand-alone restaurants, the area would surely be an attractive place for a foreign investor and/or commercial realty buyers.

District 2 (D2) is also more known as the ‘expat area’ of the city. Wealthy Vietnamese have created villas that provide for the tastes of foreigners, mostly Americans, British, and Europeans. In addition to the high-end apartment for sale, district 2 also hosts the upcoming Gem riverside project here in HCMC. This might be because of the natural environment as it is a district that is already beside a river, that makes it a relaxing place to be in. Even then, it is still less crowded compared to D1.

District 4 (D4), even though it is the smallest district in Saigon, has developed to have great upside value. Over the past years new project launches have presented big realty opportunities, which then promoted the district’s progress. While most properties are residential, some commercial projects are beginning to emerge and more and more investors are looking to commit to buying properties for other business endeavors.

Take note though that in some districts, like D2 and D4, there are persisting problems like flooding. But those should not necessarily be problems if you play it smart (i.e. choosing the best location, or timing it right).

Finding a property for sale in Vietnam can spell a lot of advantages for an owner or investor, both local and foreign. Although gaining positive gains will not always be the case, if you consider all the factors right, you may get a lot of benefits. Understanding foreign property ownership, the value that comes with a certain property, and picking the right location all contribute to, not just the property market, but the economy as a whole.

Kahuna Ho Tram Strip—the Next Vacation and Investment Hot Spot

With its picturesque beauty, accessible location and five-star leisure facilities, Kahuna Ho Tram has quickly become one of Vietnam’s premier vacation spot for families and group of friends. Thanks to the Long Thành – Dầu Giây express way, people residing at Ho Chi Minh City can easily escape the hustling and bustling city life to the peaceful and relaxing ambiance of Hồ Tràm in less than two hours.

You and your family, as well as with your friends, can enjoy the unspoilt beaches and world-class hotel facilities of this holiday destination. Corporations and organizations can also benefit from Kahuna Ho Tram Resort by hosting their team building and product launchings or bring their clients here for fun and entertainment. Even you, yourself, can benefit from the resort by owning—and profiting from—one of superior Vung Tau condo units.

Indeed, Kahuna Ho Tram Strip offers more than just the typical R&R; Dự án Hồ Tràm also gives you a chance to put your savings to good use through property investment with their condos and beach villa for sale.

Premium Holiday Experience

Named after Hawaii’s legendary waves, Kahuna Ho Tram is designed to bring the true essence of a beachside holiday getaway. Located in Vũng Tàu province in Vietnam, the resort offers its vacationers a compelling experience for a posh coastal destination in the midst of the serene milieu of the province. Describing Kahuna Ho Tram in Vietnam as a luxury destination, it was designed after the elements and qualities of world’s famous cruise liners.

Kahuna Ho Tram Strip features a 164-hectare area with a 2.2km-stretch of pristine white-sand beach front that’s back-dropped with lush greenery. Kahuna, the fifth phase of the Ho Tram development, adjoins the existing five-star Grand Hotel—the largest integrated resort in Vietnam—and the five-star Beach Club. To the west part of Kahuna is where you’ll find the famous Bluffs Golf Course and the luxurious Gallery Villas overlooking the breath-taking seascape of Vũng Tàu, Vietnam.

A Smart Investment

Kahuna Ho Tram Resort is a holiday venue seated adjacent to The Grand and features over 160 condominium units, eight penthouses and 44 beach villas, with sizes ranging from 218 to 223 square meters.

The pricing of this Dự án Hồ Tràm in Vietnam starts at $88,800 (VND 2,018,202,000) for a condo unit and $350,00 (VND 7,954,625,000) for a beach villa beside golf course. While this may sound like a lot of money to invest in condo or a beach villa for sale, you can guarantee that this holiday resort investment will have a return of eight percent annually for two years of your net lease cost. After these, you can enjoy a highly favourable 60/40 share of rental revenue for the remaining eight years of the contract.

In addition to the monetary profit, if you choose to invest in condo, you can benefit from the many leisure facilities of the resort has to offer. From its grand casino, award-winning golf-course and world-renowned beaches to its game centers, fitness center and grand cinema, you’re sure to enjoy great benefits exclusive only for Kahuna Ho Tram Resort’s property investors.

What’s Next in Ho Tram Project

Expect a whole lot more in Ho Tram’s future developments. In its early planning phases is a private international airport, which also aims to further augment tourism economy of Vietnam. Other areas of the 164-hectare area is planned to have amenities such as a second resort, amphitheatres and other leisure and shopping amenities.

With all the leisurely, relaxation and investment amenities and opportunities, there’s no doubt that Ho Tram Strip is the largest foreign investor that have ever invested in Vietnam, with over US$1 billion in capital and more expected profit to come. If you want to take advantage of this profiting opportunity—not to mention the benefits of luxe vacation experience—now is the right time to invest in Kahuna Ho Tram Resort.