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Learn more about the Ho Chi Minh City condo market through trends and average prices.
Ho Chi Minh City, previously known as Saigon is the largest and the most populous city of Vietnam. It has approximately 8 million people across its 2061 sq. Km area.
The City was once a small fishing village and over the years it has evolved to become the country's major business and industrial hub. Many International banks and organizations have their headquarters here. Ho Chi Minh City is the greatest contributor to the nation’s GDP and takes pride in being the economic capital of Vietnam.
Ho Chi Minh City has a rich history, sleek skyscrapers, and an awesome food culture. It was once a French colony which is quite evident from the French architectural buildings that are visible all throughout the city. Apart from the historical side of the city, the rooftop bars overlooking River Saigon, jazz clubs and Casinos showcases the fun-filled, vibrant nightlife of this city which attracts tourists from various parts of the world and has made it, the most visited city in Vietnam.
The real estate industry is growing at a steady rate and there is a wide range of housing choices from service apartments to Condos and luxury villas are available to investors. The high rental yields and luxurious amenities attract expats to invest in a condo property in this city.
Luxury condos: They come with a fully-equipped gym, kids' play area and 24 hours security. Many international schools and supermarkets set up near Luxury condos as they target expats. These condos start at $350,000 and may go as high as one million dollars depending on the number of bedrooms and facilities.
Condo properties are available widely across the city. They are most prominent in Districts 2, 7 and 9.
Ho Chi Minh is the economic capital of Vietnam. locals are warm and friendly, and they mix well with the expats. The cost of living is moderate, yet higher than that of the rest of Vietnam. Despite the traffic, getting around in the city is not tedious due to good transport links and infrastructure. Taxis charge around VND 6000 per km which is quite reasonable for a tourist city. You can rent a bicycle or a motorbike that costs between VND 20000 and VND 120000 respectively for one day. The biggest and the busiest airport in Vietnam, Tân Sơn Nhất International Airport is close to the city.
The City has many multispecialty hospitals which offer quality services similar to what you can get in western countries and at very affordable prices. Most of the Doctors and hospital staff speak good English.
The property market in Ho Chi Minh City has grown tremendously and there is no sign of the economy slowing down in the next few years.