Vietnam has long pursued a policy of urbanization, reducing the number of rural areas and concentrating the population in cities. This has created a boom in demand for real estate among the local population. On the foreign side, demand was spurred by the government's decision to open access to real estate to foreign citizens in 2015 during economic reforms. As a result, real estate from the developer in Vietnam has grown in Ho Chi Minh City, Hanoi and the resort cities of Nha Trang and Phu Quoc.
Benefits of Buying Housing from a Developer in Vietnam
New buildings in Vietnam are considered a profitable investment due to their high profitability. The market is growing by 10-15% annually, mainly due to tourists. At the same time, it is not at all necessary to resort to the services of an intermediary when buying - you can conclude a deal directly with internationally accredited developers in Vietnam, without paying unnecessary commissions to third parties.
Tourist attractiveness also bears fruit. Rental yields in resort areas reach 8-12% per annum, and housing prices in cities grow up to 20% in 2-3 years. This is an absolute plus for those who have already bought a property, but not for those who are just planning to do so. In this case, developers offer to stretch payments over 12-60 months with a down payment of 10-15%. This way the financial burden is lower and the chance that the buyer will pay off is higher - all in the plus.
How to Choose Real Estate from a Developer in Vietnam
Before buying a home from a developer in Vietnam, you need to check the seller, their previous projects and reputation. Ask the developer for a construction license and a certificate of ownership. Study the company's history. For example, Sun Group has more than 50 completed projects, and VinGroup has over 100,000 completed apartments.
| The aspect of choice | Actions |
| Checking the developer | Request for licenses, portfolio analysis, reviews on expat.vn forums. |
| Location | Checking the proximity to shopping centers, schools, transport hubs. |
| Legal documents | Checking Sổ hồng, contracts in Vietnamese and English. |
| Investment attractiveness | Analysis of rental demand and forecast of price growth (CBRE reports). |
Vietnam Real Estate Prices in New Buildings
The cost of new housing in Vietnam varies, but comfort and luxury class properties prevail. These include apartments (50–120 m²), condominiums managed by international operators (Marriott, Accor) and villas (150–300 m²). Prices range from $1,200/m² at the foundation stage to $4,500/m² in completed premium complexes.
Average prices for new property in Vietnam:
| Object type |
Price ($/m²) |
Examples of projects |
| Apartments | 1400–4500 | Vinhomes Central Park (Ho Chi Minh City), Ecopark (Hanoi). |
| Condominiums | 1800–3500 | The Sapphire (Da Nang), Sun Premier Village (Phu Quoc). |
| Villas | 2500–6000 | Vinpearl Nha Trang, The Ocean Villas (Danang). |
Average cost of new housing by city:
| City/District | Price ($/m²) |
| Ho Chi Minh City, District 1 | 3500–4500 |
| Hanoi, Tay Ho | 2200–3500 |
| Da Nang, San Tra | 2000–4000 |
| Nha Trang, Tran Phú | 1500–3000 |
| Phu Quoc, Dương Tơ | 1600–2800 |
Where to Buy Housing from Developers in Vietnam
The choice of location for buying a home depends on the budget. The most expensive properties are in Ho Chi Minh City, namely District 1 and 7. They are aimed at wealthy expats much more than locals, so international schools and large business centers predominate here.
Other cities for buying real estate:
- Hanoi, Tay Ho. A prestigious area with lakes and projects such as Starlake Hà Nội ($2,200–3,500/m²). Suitable for a quiet life and long-term investment.
- Da Nang, San Tra. A city with beaches and complexes such as the Hyatt Regency ($2000–4000/m²). High demand for rentals among tourists.
- Nha Trang, Tran Phú. Resort with projects such as Vinpearl Condotel ($1500–3000/m²). Rental yields up to 10% per annum.
- Phu Quoc, Dương Tơ. An island with a growing tourist flow. The Sun Grand City Hillside project ($1600–2800/m²) is aimed at investors.
