Apartments for sale in Khanh Hoa
Today, investing in flats in Khanh Hoa is straightforward, even for foreign nationals. This province is located on the south-central coast of Vietnam, with its capital being Nha Trang. Currently, the local property market is among the most rapidly growing in the central region. In just the first nine months of 2023, there were 14,890 housing transactions. Flats here attract not only investors but also individuals seeking a prime relocation spot.
Foreigners are eligible to buy Property in Vietnam. However, it can only be acquired as a leasehold, with a tenure of 50 years (which can be extended upon expiry). Foreigners who buy flat in Khanh Hoa will face specific restrictions – they can only purchase up to 30% of the units in a multi-storey building.
Both residents and international buyers can avail of mortgage options. Typically, banks offer up to 70–80% of the property's value. Property can also be bought in instalments, usually spread across 5–10 payments.
Popular areas to buy apartment in Khanh Hoa include:
- Nha Trang . The largest and most visited city in the province, renowned for its stunning beaches and tourist attractions.
- Cam Ranh. A city on the southern coast of the region, situated by the bay of the same name.
- Dien Khanh. Located in the central part of the province, it's home to the famous ancient citadel.
While most of the current listings are centred in Nha Trang, other parts of the province also offer intriguing and promising options.
Apartments prices in Khanh Hoa
The cost of apartments in Khanh Hoa can vary based on several factors, with location being a primary determinant. As an example, units in developments near major transport links, schools, hospitals, and shopping centres tend to be priced higher. Additionally, seafront properties also command a premium.
You can find both basic residential buildings without many amenities and luxury complexes boasting pools, fitness centres, saunas, security, and other benefits. Some complexes also feature supermarkets, nurseries, cafes, and restaurants. The infrastructure of the development undoubtedly affects the property's price.
Other price-influencing factors include the size of the property, whether it's finished or furnished, and any additional amenities within the apartment.
For example, luxury properties in the Muong Thanh Vien Trieu project, a complex of six 40-storey buildings (including five residential blocks and a 5-star hotel tower), located opposite Hon Chong beach, are priced at $69,000. These apartments in Khanh Hoa offer 2 bedrooms, 2 bathrooms, and terraces. A school and hospital are just 50 m away, a market is 500 m away, and the city centre is 2 km distant.
In the secondary market, you can also buy an apartment in Vietnam, for instance, in Nha Trang, in the Vinh Phuoc area. Nearby are the Ton Duc Thang University campus, a primary school, and the Hon Chong tourist zone. The flat offers a view of Mount Sam, spans 59 m², and is priced at $56,000 in Khanh Hoa.
In the premium Welltone Luxury Residence complex, cosy apartments measuring 38 m² with 1 bedroom cost $115,660. The residential complex offers a range of modern, high-end amenities:
- meditation and yoga rooms;
- sauna;
- steam room;
- olympic standard swimming pool;
- fitness centre;
- sports court, and much more.
Additionally, the development houses a supermarket and other public facilities.
Investment apartments in Khanh Hoa
Experts believe that the real estate market in Khanh Hoa will experience rapid growth due to the adoption of several development plans. These include:
- The Khanh Hoa province's planning strategy spanning 2021-2030, with a vision extending to 2050.
- The revision project for Nha Trang city's master plan, set to last until 2040.
- The modification project for the comprehensive construction blueprint of the Van Phong economic zone, targeting 2040 with an outlook to 2050.
- The foundational plan for the Cam Lam new urban zone, projected until 2045.
This year, 12 zoning plans will be approved, proposing the creation of the following areas:
- Khai Luong mountain tourist area;
- Hon Lon island eco-tourism region;
- Ko Ma - Tubong urban tourist zone;
- North Hon Ho - urban and industrial zone;
- Nam Van Phong industrial and seaport functional zone.
Experts predict that in the long run, flats for sale in Khanh Hoa will be among the most sought-after in the country. It attracts not only tourists interested in renting properties during the holiday season but also buyers eager to invest in villas in Vietnam, townhouses, and luxury apartment projects. The province is an excellent place to live due to its natural attractions and well-developed infrastructure. The regular air links from various countries landing at Cam Ranh International Airport play a significant role in amplifying the demand for local residences.
Buying apartments in Khanh Hoa
We encourage you to explore our aggregator platform for an efficient and user-friendly property search in this flourishing Asian nation. On our platform, you can apply handy filters and sort available offers by price, area, location of the residential complex, and other parameters. Start your search for high-demand apartments in Khanh Hoa for investment and living today!