When you’re thinking about buying property in Vietnam, one of the first questions that probably comes to mind is, How much does a house cost in Vietnam? It’s a big decision, and understanding the costs involved is crucial, especially with the varying prices across different cities and regions. Let’s dive into the Vietnamese real estate market with VTJ and explore house prices in the article below!
How much does a house cost in Vietnam?
Home Purchase Prices in Vietnam
Home prices in major cities across Vietnam vary widely depending on location, size, and type of property. Here’s a general overview:
Hanoi:
- Private homes in Cau Giay District: Around 150 million VND per square meter.
- Apartments in Thanh Xuan District: About 40-50 million VND per square meter.
Ho Chi Minh City:
- Townhouses in Go Vap District: Approximately 99 million VND per square meter.
- Apartments in District 7: About 60-70 million VND per square meter.
Da Nang:
- Private homes in Hai Chau District: Around 70-80 million VND per square meter.
- Apartments in Son Tra District: About 40-50 million VND per square meter.
Read more: Traditional Breakfast Foods in Vietnam
Rental prices in Vietnam
Rental prices in Vietnam
Here’s a breakdown of rental prices by area in three major cities in Vietnam:
Ho Chi Minh City:
- Whole house: Rental prices range from 9 million to 10.5 million VND per month for floor areas of 75 – 90m².
- Serviced apartment: With areas from 25 – 45m², rental prices range from 5.5 million to 10.5 million VND per month.
- Townhouse: Rental prices range from 3 million to 5 million VND per month for areas of 30 – 60m².
Hanoi:
- Whole house: Rental prices range from 12 million to 45 million VND per month for areas of 50 – 80m².
- Private house: Rental prices range from 11 million to 32 million VND per month for areas of 60 – 80m².
- Semi-detached house: Rental prices range from 15 million to 21 million VND per month for areas of 80 – 100m².
Da Nang:
- Private house: Rental prices range from 5 million to 25 million VND per month, depending on the district and area.
- Apartment: Rental prices range from 6 million to 22 million VND per month for areas of 40 – 80m².
- Whole house: Rental prices range from 10 million to 32 million VND per month for areas of 90 – 160m².
How much income do you need to buy a house?
What kind of income do you need to buy a house in Ho Chi Minh City?
To buy a house in Ho Chi Minh City, you typically need:
- For a single person: An income of about 25-30 million VND per month.
- For a family: An income of approximately 35-40 million VND per month.
Savills Vietnam suggests that the minimum monthly income required is between 30-45 million VND, depending on the property’s cost and location.
What kind of income do you need to buy a house in Hanoi?
To buy an average-priced apartment in Hanoi, you would need a monthly income of at least 60 to 70 million VND, according to Mr. Đỗ Văn Thạch – CEO Dova Land. This is considered a high income, exceeding what most people earn.
Read more: Cost of living in Hanoi, Vietnam
FAQs
How much is a 3-bedroom house in Vietnam?
The price of a 3-bedroom house in Vietnam can vary significantly depending on the location and the type of property. Here are some examples:
Ho Chi Minh City
District 1: Prices can range from approximately 20 billion VND to 50 billion VND (around $850,000 to $2.1 million USD) for a centrally located 3-bedroom house.
Hanoi
Hoan Kiem district: Prices for a 3-bedroom house can range from 25 billion VND to 60 billion VND (around $1.1 million to $2.6 million USD).
Da Nang
Hai Chau district: Prices typically range from 10 billion VND to 30 billion VND (around $425,000 to $1.3 million USD).
Ba Ria – Vung Tau
Xuyen Moc district: Prices for a 3-bedroom house can range from 26 billion VND to 35 billion VND (around $1.1 million to $1.5 million USD).
These prices are approximate and can vary based on the specific location, amenities, and condition of the property.
How much is an apartment in Vietnam?
The price of an apartment in Vietnam varies greatly depending on the city and the specific location within the city. Here are some general price ranges:
Ho Chi Minh City
- Average price: Approximately $3,173 per square meter.
- District 2: A 2-bedroom apartment can cost around 8 billion VND (approximately $340,000 USD).
- District 4: A 3-bedroom apartment can cost around 22.3 billion VND (approximately $950,000 USD).
Hanoi
- Average price: Approximately $1,830 per square meter.
- Tay Ho district: A 3-bedroom apartment can cost around 6 billion VND (approximately $250,000 USD).
- Cau Giay district: A 2-bedroom apartment can cost around 2 billion VND (approximately $85,000 USD).
Da Nang:
- A 2-bedroom apartment with sea views can cost around $300,000 USD.
- A luxury penthouse can cost up to $1.8 million USD.
So, how much does a house cost in Vietnam? As we’ve seen, prices range from affordable to quite steep, depending on the location and property type. Whether you’re looking for a cozy apartment in the heart of Hanoi or a spacious villa in Ho Chi Minh City, understanding the market is key to making the right investment. Check out more articles from VTJ for additional useful information!
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