In recent years, Vietnam has become one of the most popular Asian destinations among foreigners for purchasing investment properties. While the Vietnamese housing market was previously accessible only to citizens of the country, the situation changed in 2014. After foreign buyers were allowed to purchase real estate in Vietnam, the local market began to develop more actively. This has had a positive impact on the country's economy, which is currently growing steadily at a rate of between 5 and 7.5% per year. The number of real estate transactions is also increasing; in the third quarter of 2023, the number of transactions increased by 1.5 times compared to the second quarter.
Foreign investors are actively buying real estate in Vietnam as it proves to be a lucrative investment tool. One can buy real estate in resort areas for rental business, earning profits up to 6% per year, or buy a property at the foundation stage and resell it after construction is completed when its value increases significantly.
Modern Vietnamese developers follow market trends. The most popular residential real estate options are properties costing less than USD 412,000, typically apartments, studios and small houses. Let's take a closer look at the main characteristics of new construction in Vietnam.
Content:
- Favorable locations
- Modern amenities
- Functional layouts
- Stylish finishes
- Eco-friendliness
- Choosing and buying investment properties
Favorable locations
The most popular locations for new projects are major cities: Hanoi, Ho Chi Minh, and Da Nang. Real estate here is mainly represented by high-rise complexes. Houses located near major business and trade centres, schools, universities and other infrastructure facilities are highly valued.
Accessibility is also crucial. Proximity to major highways, metro stations and international airports significantly increases the liquidity of the building in the market.
Modern amenities
Many old buildings in Vietnam are simple apartment blocks. Modern projects come with additional amenities for residents. Many complexes have swimming pools, spa centres, children's playrooms, relaxation areas, restaurants and other internal infrastructure facilities. Multi-storey buildings and villa complexes often have parking spaces.
Amenities are one of the most important criteria for resort properties. Many investors purchase apartments in complexes managed by hotel companies and receive annual rental income. Such complexes usually offer a wide range of hotel amenities and services, which significantly increases their attractiveness to potential tenants.
Functional layouts
New apartments, villas and townhouses in Vietnam feature well-designed functional layouts. Modern homes typically have the following features:
- Open kitchens that are integrated with the dining and living areas, creating a large open space. This is the central part of the apartment or house where the family can comfortably gather or entertain guests.
- Large bedrooms with separate bathrooms.
- Built-in closets in bedrooms, hallways and other areas that provide ample storage without cluttering the space.
- Laundry rooms - separate spaces where washers and dryers can be installed.
Apartments range from one to five bedrooms, with studios also being popular. Large five-bedroom residences often occupy the top floors of skyscrapers and are called penthouses.
A classic villa typically has two floors, a fenced courtyard with parking, a garden and sometimes a pool. The first floor usually contains the hall, living room, bathroom, kitchen and dining area. The second floor consists of bedrooms, bathrooms, balconies and terraces. Elite mansions may also have a maid's room, a Jacuzzi, a private gym and other amenities.
Most new apartments and houses have picturesque windows and open balconies. Large floor-to-ceiling windows allow residents to enjoy views of the surroundings and fill the interiors with pleasant natural light.
Stylish finishes
Residences in new complexes are usually delivered with full finishing. Major developers work with professional designers to create living spaces where the shades and textures of materials harmonize perfectly. The finishes are usually done in a light colour palette, providing a neutral yet stylish base that owners can complement with decor according to their preferences.
Some developers offer fully furnished, turnkey units, including furniture, accessories and appliances selected by designers. This is convenient for those who plan to rent the apartment immediately.
Most modern homes are equipped with air conditioning, shower stalls or bathtubs, sinks, mirrors and shelves in the bathrooms. Kitchens are usually sold with built-in cabinets and countertops.
Buying during the construction phase allows buyers to coordinate finishing details with the builder. Some developers allow the selection of finish materials, specific furniture colours, or types of plumbing for an additional fee. In some cases, complete home furnishings can be ordered for an additional fee if not included in the standard package.
Eco-friendliness
Today, there is a global trend towards constructing buildings with high environmental performance, and Vietnam is no exception. Many projects are built according to sustainable development principles, incorporating efficient thermal insulation, energy-saving systems and water conservation. Modern technologies and environmentally friendly materials are used in construction to minimize environmental impact.
Choosing and buying investment properties
Many Vietnamese developers offer the option to purchase apartments and villas during the construction phase. This allows buyers to acquire quality housing at the most attractive prices. As the construction progresses, the value of the property gradually increases and by the time the property is handed over, the price can increase by up to 20%. Developers also offer ready-made investment cases. These typically involve the purchase of an apartment or house, with the management company or developer taking care of all the processes involved in renting out the property, while the owner receives a fixed annual profit. The owner of an investment property may also have the option to reside in the property for a period of time, the details of which are agreed upon in advance with the management company.
To find under-construction and ready-to-move-in properties directly from the developer, you can use our website. We work with reputable developers and do not charge commissions to our clients. The convenient search and catalogue with a wide selection of properties will help you quickly choose apartments or houses in Vietnam for future purchase which catch your eye.