Vietnam Real Estate: HOW MUCH it really COSTS to Buy!

Comments · 473

• KE

  @kevbrown1867 · 2 years ago

  I bought a condo in Vietnam under my wife’s name and now they say if you want to sell you need a marriage license.<br>We have a foreign license that the government doesn’t recognize what a joke .<br>They change the laws all the time here and I don’t know what the agent was saying about the pink book it made no sense .<br>It is my understanding the pink book is proof of ownership like a deed how could you sell a property without it ?<br>when Ken asked how do you know the apartment can be sold to a foreigner her answer made no sense you would never trust anything a sales agent says they just want to make a sale .<br>People have bought before only to find out they aren’t allowed to own there and they don’t get their pink book .<br>There should be some kind of real estate lawyer that you pay and who are liable if the transaction is not legal .<br>The laws in Vietnam are not clear and something that should be simple like buying a condo is complicated with changing rules with nothing clear at all .<br>Another thing is the condos look nice when new but after 5 years they &nbsp;get run into the ground and they won’t fix .<br>The condos will be run by your Vietnamese neighbours and they don’t like to spend money and in fact if anything needs to be fixed and owners must vote to fix and many don’t want to spend money .So your investment will go down so I would not recommend people buying.

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• CH

  @Chiangmai-555 · 2 years ago

  Im stunned that any investor would &nbsp;buy in Vietnam at these prices and terms. Ive been a real estate investor for 45 years.

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• PH

  @Phedens · 2 years ago

  Beware of plumbing issues. I still have relatives living in VN. They all have plumbing issues in their high rises.

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• TE

  @teamusaamerica3923 · 2 years ago

  No freakin&apos; way I am putting USD700k into a cheap looking so called luxury condominium. &nbsp;Look at the cheap furnishings and the lobby. After a few years, all these will become outdated. I have seen better places elsewhere. &nbsp;Sorry Vinhomes, I think I will pass this one.

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• TA

  @Tayzter · 2 years ago

  I have lived here for 6 years and the pink book is crucial. There are many stories here in Da Nang where residents cant sell their apartments because they dont have a pink book and developers have cheated them. <br><br>They now beg the government to issue pink books for the apartments and its a huge mess. <br><br>Dont trust what real estate agents say. <br><br>Also this unit is severely over-priced because its vingroup and targeted towards foreigners and rich vietnamese who want to rent to foreigners.

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• DA

  @dandonofrio5720 · 2 years ago

  Ken I appreciate the time you must spend on these updates. &nbsp;Always great information!

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• US

  @user-hjsjdhs23sdf · 2 years ago

  I know Central Park. It&apos;s a pretty terrible area because you&apos;re stuck there. It takes quite the effort to exit the complex and you will want to leave because it&apos;s very boring. It&apos;s good for families with kids since it&apos;s away from the dangerous streets, but the price is a joke. That 4 BR unit is worth maybe $325,000 at most. Saigon has so many units for sale at crazy prices. They sit there for sale for years because the price is too high. They are really renting the units and waiting for some sucker to come along to buy or some guy who want to clean money. &nbsp;Condos are much higher quality and cheaper in the west. And you get free k-12 education. In Vietnam, you need to pay $30,000 or more per year for k-12 international school (local schools are terrible).

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• CH

  @Chris-xc1tm · 2 years ago (edited)

  700k USD, really? Prices are ridiculous. Thailand and the Ph are crushing you on value for money.

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• KN

  @knightsbridgehouse · 2 years ago

  Just lease and don&apos;t worry about your apartment being taken away from you.

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• SO

  @solidstudd22 · 2 years ago

  $700k is crazy!!! That is more than Thailand!!! I’m gonna stick with Thailand for now.

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• RY

  @ryan_no · 2 years ago

  &quot;Only like 15 to 20 minutes to go to the airport&quot;... Lol, yeah, maybe at 3:00AM.

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• SE

  @seancmai · 9 months ago

  Great video. &nbsp;Very informative.

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