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Vietnam: House Prices, Rents, and Rental Yields

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Last Updated: Apr 23, 2008

Yields in Hanoi around 7%

Last Updated: Apr 23, 2008
HANOI 1 - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
90 sq. m. n.a. 1,380 n.a. n.a. 15.33
170 sq. m. 323,510 1,923 7.13% 1,903 11.31
HO CHI MINH CITY 2 -
Apartments
60 sq. m. n.a. 656 n.a. n.a. 10.93
100 sq. m. n.a. 1,364 n.a. n.a. 13.64
170 sq. m. 351,900 2,764 9.43% 2,070 16.26
1 Hai Ba Trung, Ba Dinh, Hoan Kiem, My Dinh, Tay Ho, Dong DA
2 District 1-Central Saigon, Districts 2,3,and 4; China Town in District 5, Phu My Thung in District 7, Binh Thanh, Phu Nhuan, and Tan Binh.
Source: Global Property Guide

A 170-sq. m apartment in Hanoi, Vietnam is projected to earn a gross rental income of around 7.13%, at a selling price of US$1,903 per sq. m.

The same apartment in Ho Chi Minh City can generate a slightly higher return of around 9.43%.

 

Your Comments

posted by Rick Kwa | 2007-07-14

Consultant, Hanoi

Hi Sir/Mdm, I am a foreigner and understand that as a foreigner, I cannot purchase property in Vietnam. Is that true? Hmm... if that is so, I do understand tha the Govt may be discussing and issuing a law to allow foreigners to buy houses in the near future..... Are you aware on this law in discussion... Looking forward to your feedback.... Thanks and best regards Rick

posted by Thong Hoang | 2008-01-23

financial expert, Hochiminh,Vietnam

It is true that the foreigner are not authorized to own land in Vietnam. However, they can lease a property for as long as 50 yr.Regarding to the land owenership law, It is under discussion but may not be changed in the near future.

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