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Ho Chi Minh City (HCMC), also known as Saigon, is a bustling and dynamic city in Vietnam with a rapidly growing real estate market. Here are some key points about real estate in HCMC.

Properties of HCMC real estate market

Property Types

HCMC offers a wide range of real estate options, including apartments, condominiums, villas, townhouses, and commercial properties. The city is constantly evolving with new developments, particularly in the urban and suburban areas. Residential apartments have been seen as the dominant type for foreign investment with good price, payment installments and high rental yields, particularly in the CBD area.

Property Prices

The property prices in HCMC vary depending on the location, type, and quality of the property. The city center and popular districts tend to have higher prices compared to the outskirts and less-developed areas. Center districts includes District 1, district 2 (now known as Thu Duc New City), District 3 which actually has very less supplies for new properties, Zenity Capitaland in D1 could be one of the potential investments with great price compared to the areas, to have a look at. The developing areas could be seen as district 9 (also known as Thu Duc New City, different wards) and Nha Be, these are are the focus for development from now till 2030.

Demand and Supply

HCMC has experienced significant population growth and urbanization, leading to a strong demand for real estate. As a result, there has been an increase in construction to meet this demand, especially the east of HCMC, the Thu Duc New City. For example: Vinhomes Grand Park, The 9 Stellars….

Foreign Ownership

In Vietnam, there are certain restrictions on foreign ownership of real estate. Non-Vietnamese citizens can only buy residential properties in designated areas and are subject to certain conditions. It's essential to familiarize yourself with the regulations before considering any purchase. You could talk to expert agency to get proper consult before making any critical decision.

Property Services of HCMC real estate market

Real Estate Agencies

Numerous real estate agencies and brokers operate in HCMC, helping buyers and sellers navigate the market and find suitable properties. Prime Property has been operating in the industry since 2017, we have experts in the area who have high educational level, deep knowledge and experience in the market, who have been helping many foreigners to successfully invest in HCMC market.

Legal Considerations

When purchasing real estate in HCMC, it's essential to conduct thorough due diligence and work with reputable lawyers to ensure a smooth and legally sound transaction. Or another option for you to consider is to work with the right agent who can guide you through many other next steps.

Infrastructure and Development to push HCMC real estate market to increase

HCMC is undergoing rapid infrastructure development, including new roads, bridges, and public transportation projects, which can have a significant impact on property values and accessibility. In 2022, Ba Son Bridge which connect Thu Thiem Area and District 1 has been complete. In 2024, the metroline (sky train) from the East of HCMC to center of HCMC will be in operation. Many other bridges will be built in upcoming years. Long Thanh International Airport, 1st phase has been initiated, expected to be done in Q4/2025.

HCMC has huge potential for growth in the long run, great opportunities to unlock prosperity with us at Prime Property. Please don't hesitate to contact us for more details of the market and explore the potential.