Apartments for sale in Binh Thuan
Purchasing flats in Binh Thuan for foreigners is relatively straightforward today. However, it's essential to note that, like many other Southeast Asian countries, property in Vietnam cannot be fully owned by citizens of other nations. Instead, it's offered on a leasehold basis for up to 50 years. This ownership period can be extended, and if you marry a citizen of the country, the property can be transferred into full ownership.
That said, foreigners are free to manage their property as they see fit. If you buy flat in Binh Thuan as an investment, you can rent it out or resell it. Currently, there are no special permissions or conditions required to buy property in Vietnam, and transactions can even be completed remotely.
Binh Thuan is a province in the country’s southern part, situated along the South China Sea, with its administrative centre bearing the same name. The most popular areas include:
- Phan Thiet
- Ham Thuan Nam
- Ham Thuan Bac
It's worth noting that apartments in Vietnam located on higher floors and overlooking an inner courtyard are typically cheaper than those on middle or lower levels. However, if a unit is on the top floor with a stunning view, its price might be higher.
Active residential construction is ongoing in all areas of the province. 2-bedroom apartments in Binh Thuan are the most popular, making up about 60% of the local housing market. These flats typically range from 70 m² and above, with the smallest being around 50–60 m².
3-bedroom units are also in high demand, especially among larger families and investors planning to resell or rent them out. The average size of such properties ranges from 70 to 120 m².
You can also find 1-bedroom flats for sale in Binh Thuan ranging from 25–45 m². These units come with all the essential rooms: a living room, bedroom, kitchen, and bathroom.
4-bedroom apartments usually range from 120 to 180 m² and above.
Apartments prices in Binh Thuan
The cost of apartments in Binh Thuan ranges between $1,000 and $1,700 per square metre. In the Phan Thiet area, the price per m² is between $1,000 and $1,500, in the Ham Thuan Nam area it's from $2,000 to $2,500, and in the Ham Thuan Bac area, it's around $900. A 2-bedroom flat will cost approximately $50,000, a 3-bedroom one about $86,000, and a 4-bedroom unit will be around $143,000. 1-bedroom apartments can be found for around $30,000.
Let's look at a few examples of available properties. In the town of Mui Ne, Binh Thuan, you can purchase a 28 m² 1-bedroom apartment for $58,000. It’s located in the Mandala Wyndham Mui Ne complex, where 4 out of its 27 floors are occupied by a shopping centre with shops and cafes. The top floor features a panoramic swimming pool. The complex offers 5-star international standard amenities: adult and children's pools, a fitness centre, yoga rooms, and a sauna. The complex is built opposite a private beach, spanning over 5,000 m².
In the Phan Thiet area, within the Sea Links complex, fully furnished 44 m² 2-bedroom apartments are on sale for $44,000. The complex has a swimming pool and other amenities, and it's located near a beach.
A fantastic example of apartments in Binh Thuan for investment and living is a 190 m² unit with 3 bedrooms and 2 bathrooms in Phan Thiet, priced at $176,000. This apartment is situated in the Sea Links resort complex, which spans 170 hectares and is surrounded by a golf course. Sea Links is considered the most luxurious beach project in Phan Thiet. It's located in the heart of the Ham Tien tourist zone, in the Fu Hai district, close to Phan Thiet University, 6 km from the airport, and just a 5-minute drive from the city centre.
Investment apartments in Binh Thuan
Experts believe that a well-developed infrastructure is the primary factor directly influencing the growth of the property market in the province. Once the construction of the Dau Giay-Phan Thiet expressway is completed, the travel time from Ho Chi Minh City to Binh Thuan will be reduced to just 2 hours. It's projected that in the near future, the province will see 6-7 million tourists annually.
The upcoming Long Thanh airport will also enable Binh Thuan to welcome a significant number of visitors each year. This, in turn, will stimulate the growth of the local real estate market. The decision to buy apartment in Binh Thuan is justified today, as properties can be rented out for both short and long-term leases, in addition to being sold later on.
Property in the area is also appealing because the price of flats in Binh Thuan remains lower compared to central coastal markets like Binh Dinh and Ba Ria-Vung Tau. Moreover, the construction of a mega-project, the Novaworld Phan Thiet complex with hotels, shops, and amusement parks, is nearing completion. Once operational, it will attract even more tourists and contribute to the overall development of the region.
Buying apartments in Binh Thuan
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