How much does it cost to buy a condo in Da Nang?
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2024
- It’s not easy to pinpoint the cost of a condominium in Da Nang because prices vary depending on size, build quality, the reputation of the developer, and location.
CVR is here to walk you through some of the most critical aspects of buying a condo in Da Nang, including where you can legally purchase, and the steps and procedures for property investment in Da Nang.
+ Can I buy an apartment in Da Nang as a foreigner?
+ Where should I buy an apartment in Da Nang?
+ Where can I buy an apartment in Da Nang?
+ How much does it cost to buy an apartment in Da Nang?
Find out more details at: cvr.com.vn/how-much-does-it-c...
Timecodes:
0:00 - Intro
1:27 - Two main Condo investment models that exist in Danang
1:55 - Traditional Condo Tower
2:33 - Tourist Apartment - Condotel
3:31 - Blooming Tower Danang
6:47 - Altara Suites Danang
10:33 - General recap
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📧 Email: info@cvr.com.vn
📍Address: 333 Chuong Duong Street, Ngu Hanh Son District, Da Nang, Vietnam
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Definitely would consider, we just did a two week vacation one week in Vietnam and fell in love
Thanks Kim! That's lovely to hear. We'd be happy to provide further info and answer any questions you may have regarding the property.
Please send us an email to info@cvr.com.vn and our sales director will get back to you shortly!
As a Vietnamese American, I hate to say that Vietnam real property law is unclear at best! Foreigners are not allowed to own any real estate, only to lease for about 50 years. I'd rather rent for the time being!😢
It's ridiculous! Why give such an easy life to foreigners and make difficult to vietnamese people?
Thanks for the comment Dnguyen! The 50-year ownership is quite comparable with most similar markets in Southeast Asia. We’ll see if this changes in the future!
@@CentralVietnamRealty The only difference is should the price of the condo project become more valuable in the future, who can prevent the local authorities from taking over and sell it again? It is a totalitarian government after all!!! ;-(
And are you aware that the communists can knock on your door any day and tell you that you must vacate your property within a week or a month? If you do not vacate within the time period given, the communist police will use force to kick you out of your house or put you in prison if you resist. Then, the communists will compensate you for the confiscation of your property at 5% of the market price. Are you aware of such arbitrary confiscation of land and houses by the communists occur so routinely that hundreds of thousands of Vietnamese citizens have lodged their complaints against the communist regime for years without any successful resolution of their complaints?
That's RIGHT! I'm thinking lots of rich Japanese own real estate in Vietnam cause they came in early when the country just opened up. Wonder if the government there have special laws for those type of rich foreigners. Otherwise, lots of stupid Americans.
Hey, Austin! Great video. I'm an American in Miami, Florida about to move to Da Nang in August with my wife (Viet national) and son. We've been to Da Nang many times and can't wait to make the move. Looking forward to using CVR for a rental at first, and to buy in the future! Great to see an American there 5 years enjoying life!
Hey Ryan, thanks so much for your comment and feedback! Glad you enjoyed the video.
We would be happy to help with both the rental and the purchase when the time comes!
Feel free to reach out at your convenience if you ever have any questions.
Info@cvr.com.vn
@@CentralVietnamRealty just e-mailed you guys! looking for an apartment!
@@VictorEnglish Hey Victor, thanks for your comment! We have not yet received your email inquiry! Can you please send it again to info@cvr.com.vn?
We look forward to assisting you!
amergan yousef 🤣🤣
Great video! Appreciate all the information, keep it up!
Thank you so much!
Nice Video ! We used CVR to buy two properties in Danang !! Highly recommended
Thank you for your comment and appreciate you using CVR’s service! Feel free to reach out should you need any other real estate services in the future 👍
You sold your Honda CVR and buy 2 condos with that money ?
Great meeting you Austin! Once I get my paperwork in order, I’ll be sure to reach out to you.
Thank Liem and wonderful meeting you as well! Look forward to connecting again on your next visit to Da Nang!
tres interressant!!merci
Can you explain how to get the money into Vietnam to buy something like one of these apartments? Since Vietnam banks only allow people with residence card open an account.
Thanks for your comment! The banking regulations in Vietnam can be quite interpretative and there are many options for non-vietnamese to open bank accounts. These accounts can then be used to bring the funds into Vietnam, as well as remit them later upon sale.
Happy to provide more specific information!
austin.weyers@cvr.com.vn
I am thinking of buying an apartment in Da Nang in the future so that I have the option of staying there for a few months and renting it when I'm back in Australia. In Vietnam, what expenses are involved in owning an apartment, eg rates and strata levy? I also know that rents are low there. Would it be at all profitable when its rented out? Are apartment prices expected to rise in the next few years if I sell it later?
Thanks for your comment caracalfashion!
We have a great presentation that will walk you through the fees associated with an apartment purchase including the primary market purchase fees( VAT, Maintenance Fees), the ongoing fees (monthly management fees, utilities), and resale fees (Sales tax, registration tax).
On average the condo projects approved for foreigners in Da Nang are currently renting for anywhere between a 4-6% annual return. We do expect these rental yields to rise as tourism rebounds and investment picks back up.
We project on average between 8-12% per year in capital appreciation in the coming years.
Please reach out via email and I can provide more specific details.
info@cvr.com.vn
great video.. what are the management fees on both those properties?
Hey GarySpeed, thanks for your message.
The management fee for Blooming is approximately USD $0.5 per square meter per month.
The management fee at Altara Suites is approximately USD $0.9 per square meter per month.
Feel free to reach out directly with other questions!
Staying in Altara suites on vacation currently. They’re how much for a 2 bedroom?
At the moment we have 1 two-bedroom listing at Altara Suites for sale for foreigners for USD $250k. There are some smaller units at approximately USD $200-220k as well.
Please feel free to reach out via email if you would like to organize viewings
info@cvr.com.vn
Living in Europe or North America and wanna or about to buy a flat in SEA? One has to consider in looking into many obstacle that will emerge soon after moved in over there. Many folks have been stuck in the situation that "stay does not work or "leave with a pain", both does not work. It has happened in our family circle who bought flat in HCM city and later on got out with a big lost! Some similar cases had had happened to friends from Ha Noi unfortunately.
Thanks for the comment MyThoMinhTran - the real estate market anywhere in the world isn’t fool proof. It’s important to do your due diligence and employ knowledge, professional brokers to advise and give advice based on historical and projected market conditions
Sounds like they bought in a few years back and got out when the market crashed .
Real estate is for long term and anywhere in the world it hurts when you have to dump your investment when the market hits the bottom
How much is the cost for 1 bed room condo in Vietnam? Is it under US$100,000 dollars?
Hello Muhammad, yes there are several options for foreign investors for 1 bedrooms under USD $100,000 in Da Nang. Both on the oceanfront and in the city center.
Here is one example for your reference: th-cam.com/video/wjP20ccL5a0/w-d-xo.html
Feel free to send us an email to learn more! info@cvr.com.vn
Condoplex? Are foreign owners permitted to reserve the unit for yearly stays? My wife is a former VN National and we are just beginning to research the possibilities of retiring a few months out of the year in VN. Second question, foreign ownership is automatically lost after 50 years we believe? Thanks so very much. rey
Hey Rey - thanks for your comment!
Foreign owners are allowed to use their units for full time residence 365 days per year, self-manage the rental themselves (CVR can help airbnb or long term), or join the rental program and let Altara Suites manage the unit. The number of nights per year of owner usage depends on the contract negotiated.
Currently the law allows foreigns to extend their ownership after the first lease term.
Would be happy to go into more detail over email - info@cvr.com.vn
These prices per square foot are the same as USA MCOL cities.
Great to all know!
Thanks Kristine!
Austin, Hello! Came to Da Nang in March for the marathon. Stayed only 1 week. (Cicilia Hotel) Want to come back for one month this time. Currently live in Thailand. 58 years old not into the bar scene but I am still into working out and fitness. Is there any place I can rent out for a month that has a proper swimming pool for swimming laps (not a small little rooftop pool), a nice gym or a gym close by, and a place close to the beach for running and walking. Quite neighborhood would be great as well. Any neighborhood in Da Nang would be fine as long I can still walk, run. swim, and workout at the gym. Hope you can help me with this or guide me in the right direction. Thanks!
Thanks for your comment!
I would recommend taking a look at some of our Airbnb's - a lot of them tick the majority of the boxes you've mentioned.
www.airbnb.com/users/show/544036573
250000 ? are you crazy in Danang - and it is not the best place in the city And how long it will take to have money back .. 20 years ? serios ? ... good invest proposal ?
Thanks for the comment! Units similar to these are earning 6-7% in annual rental return at the moment, not including capital appreciation!
The area has a lot of state development and is seen as a high priority for the next 5-10-year plan for Da Nang!
We do have more affordable condo options for both VN and Foreign investors should you be interested!
I m a Foreigner whatvare requirement ?
What's the least hold for this property.?
Hello Vinicius, the only requirement for foreigners to purchase property in Vietnam is having a valid passport and entry visa to Vietnam.
The ownership term is generally 50 years extendable.
Please reach out to info@cvr.com.vn if you’re interested in hearing more
Why don't you give the prices for the two and one bedroom apartments
Thanks for your comment!
One bedrooms in this project start at approximately USD $90,000 and two bedrooms from approximately USD $150,000
I'm curious what these can be purchased for now?
✌️🇦🇺
Thanks for the comment Cyrus - there are a few 1-3 bedrooms available in both projects should you be interested!
Feel free to reach out directly - info@cvr.com.vn
Looks great. What is the procedure and conditions to get residence permit in Vietnam? Is there Muslim community in Da Nang?
Thanks for the comment! Temporary residence permits can be acquired via labor, investment, marriage.
There is a growing muslim population in Da Nang!
❤
How can I live in VN for long term as an Vietnamese American.?
Thanks for the comment J - I would need more details regarding your legal status and citizenship.
Feel free to reach out below for more details.
austin.weyers@cvr.com.vn
vet names amergan🤭
👍
Good vid - what about having a pet DOG???? Do some allow dogs & some dont?
Thanks for the comment Senior Trader - the developer is Filmore Development company with ties to Phat Dat group (one of Vietnamese largest developers in the south with a great track record)
I will get an apartment in Đà Nẵng when I retired.
Dear PS D, thank you for your comment! Sounds like a great plan! CVR looks forward to assisting when the time comes! Feel free to reach out with any questions in the meantime to info@cvr.com.vn
A warning to all foreign investors thinking of buying properties in Vietnam:
Even rich and extremely large countries such as Canada, Australia, and the US do not allow any foreigners such as Chinese investors to freely purchase residential properties in these countries because such property investments by cashed-up foreign investors would make homes become unaffordable to the average Canadian, Australian, and American salary earners.
Right now, the dictatorial, communist regime of Vietnam does not recognize private ownership of properties like in other Western countries. As investors in Vietnamese properties, you are only allowed to use the land but to never own the land. Therefore, the communist government can knock on your door tomorrow and give you 24 hours to vacate the land and you have to get out of your house in 24 hours because you have never owned the land, you only got the right to use the land.
Furthermore, this communist regime will be replaced by a democratically elected government in the not too distant future. Such a democratically elected government will not honor, nor will they be able to honor even if they want to, any contract foreign investors signed with the dictatorial, unelected communist government of today. Such democratically elected government of Vietnam will make it priority number 1 to make housing as affordable to the average Vietnamese salary earners. And how can such government make housing affordable for the average Vietnamese workers when the average Western salary earners making 20 to 30 times the average salary of a Vietnamese worker are allowed to freely buy and own properties in Vietnam? Hence, such democratically government of Vietnam will not honor any contract signed between foreign property investors and the unelected communist government. And foreign investors are free to pursue the deceitful communists in any court of law they want to retrieve their lost money because such democratically elected government of Vietnam will wash its hands of this issue as such government had nothing to do with this matter . And good luck with that endeavor.
Consider yourselves warned and proceed at your own risk.
Thanks for the comment Karl - interesting insights!
One point is the VN governments current push for social housing developments at the moment!
Wrong on all points
Canada doesn’t let Chinese buy property ? Obviously you haven’t been to Canada average price of a home now is 1 million dollars because foreign investors have driven up the market
As for Vietnam not allowing property ownership what they give is a land lease right and locals get land lease rights to property forever handing down to generations after they die .
Foreigners get 50 year lease with a 50 year renewal so you don’t have to worry for 100 years .
Should the government take your property for say a highway they have to give market value .
One good thing is you don’t have to pay land tax like in the USA or Canada .In the west try not paying your land tax and you will find out who really owns your home and it’s not you .
As for point 3 keep dreaming the communist have been in power for 70 years they do a great job everyone getting richer everyday why would people want to change that ?
@@kevbrown1867
What you said was in the past when the Canadian government welcomed cashed up Chinese migrants with wide open arms. Has the Canadian government not recently imposed stricter restrictions on cashed up Chinese migrants coming to Canada due to the adverse effects of their money on house prices causing a housing crisis for many Canadians?
@@kevbrown1867
1) Give me one example of any dynasty, any regime that has held power forever?
2) How many years was the communists in power in the former Soviet Union before they were eliminated? I bet that you will disappear from TH-cam without daring to answer this question.
3) If all the communist regimes in Easter Europe collapsed in 1989, why do you think the very unpopular communists in Vietnam will not suffer the same fate?
4) Can you explain why hundreds of thousands of Vietnamese protest against the communist regime over the confiscation of their land and houses if your claim that the communists will compensate the property owner at market prices when they steal your land and property is true?
5) Are you a Vietnamese communist living in Canada? If so, why do you choose to live in democratic, capitalist Canada with land tax instead of living under communist dictatorship in Vietnam with no land tax? Surely, since you support the communist dictatorship in Vietnam which would imprison anyone protesting against the government for decades, living in democratic Canada must be very aggravating for you, and then you have to pay land tax in Canada which must aggravate you even more. Please, do not disappear from TH-cam before answering my questions.
@@karllarsen8797 Canada let 1 million people in to live and for sure many will buy homes but in fact anyone one even a tourist can buy real estate in Canada
And it’s not just Chinese but also rich from all over the world .
Communist countries that embrace free enterprise like Vietnam and China do very well .The USSR ,North Korea and Cuba , countries where the government runs all the business and control everything don’t do well .
I am white Canadian but have lived in Vietnam for years and own a condo .
There is way more freedom in Vietnam then Canada you have no idea the freedom compared to Canada .
I would never live in Canada again and have zero interest in visiting it has gone completely down the toilet with Pride Minister Dildeau destroying the country and flooding it with migrants from Africa .
Vietnam is one of the best run countries in the world and you know what they say if it ain’t broke don’t fix it
Don’t most foreigners still have to leave the country every 30 days? If Vietnam brings back reasonable visas I’ll consider buying although buying in any country without citizenship or permanent residency is dangerous.
Thanks for the question Surfbird! Current visa regulations only allow 30 day visas, but recent news last week looks like the 90 day tourist visas will be resumed shortly.
There are other options for long term residency (1-3 years) in Vietnam should you be interested!
vietnamnews.vn/politics-laws/1502770/cabinet-members-agree-on-extending-e-visa-validity-to-three-months.html
Hello, I’m looking to buy a place in Denang. Can you get in contact with me?
Hey Jeff, great to hear! We'd be happy to assist. Would you mind dropping us a quick email with your contact information at info@cvr.com.vn?
Much appreciated!
How is this a good investment when the apartment cost 250,000 and only rents $1000 a month? It would take 25-30 years to get your money back before you see any profit.
Hello Temujin! Thank you for your comment.
The asking price is USD 250k, which can be negotiated down. Also, the rental market in Da Nang is still slightly suppressed from COVID, so the rental rate should rise and increase the annual return.
At today's asking price and today's rental rate, it would offer a 4.8% return per annum.
Historically, the largest gains in VN come from capital appreciation of properties!
3 bedroom for a condo at 250k usd is expensive in vietnam thought. at that price can buy a house in the U.S
Thanks for the comment NateNay! This is only one option and there are several more affordable options in Da Nang. The price reflects the quality and beachfront location.
Very few oceanfront properties in the US at 250k in major cities with international airports
250k can’t even buy a room in my City, LA, lol 🤨
Totally agreed
@@silverlily4681 Yeah but we are talking Vietnam here. The reason people wants to leave US is because what you just cited.
I rather rent than buying ...
Thanks for your comment Vietboy - completely understood! We do offer rental services as well if you are in need of any assistance finding a home in Vietnam!
But you didn't say how much does it costs to by an apartment !!!
Thanks for your question T E.
The Luxury Apartment 1 bedroom is currently listed at USD 137,000! The 3 bedroom at Blooming is listed at USD 220,000! 1 Bedroom at Blooming is listed at USD 115,000!
Hope this helps and feel free to reach out with more specific questions to our email. info@cvr.com.vn
Bro. Where are the under $100k condos?
Hey D Will - thanks for your comment!
We have condos in several projects under 100k in Da Nang and Hoi An. A few here for your reference.
cvr.com.vn/property/ocean-view-one-bedroom-apartment-for-sale-bs-st-a035/
cvr.com.vn/property/ocean-view-one-bedroom-apartment-for-sale-bs-st-a035/
Feel free to contact - info@cvr.com.vn - if you have any questions.
@@CentralVietnamRealty Well I think these are the same links. Any two bedrooms? 2 bedrooms are better but 1 bedroom could work but that one bedroom was pretty small in size.
@@deanwillpower6832 Sorry here's the correct link to the project page: cvr.com.vn/project/shantira-hoi-an-beach-resort-spa-project-for-sale/
There are similar 2 bedrooms in the Son Tra Ocean View project right around 100K.
Please reach out if you need more information at email: info@cvr.com.vn / Hotline: +84 (0) 868326923 (Whatsapp/Zalo)
Or please leave your contact information so we can assist you as soon as possible!
Are there monthly hoa or property taxes ?
@@binmai00 Hello Bin Mai! There are currently no property taxes in Vietnam. The HOA or monthly management fees in Vietnam range from USD $0.5-1.5 per square meter of apartment area per month!
If there is a specific unit you are curious about, I would be happy to provide the exact monthly management fee calculation for your reference.
What if I am American?
Thanks for the comment Sleddy!
You can purchase all of these condos as an American citizen no problem!
@@CentralVietnamRealty land too?
@@sleddy01 Currently foreigners are not able to purchase land in Vietnam. This of course is subject to change as Vietnam internationalizes their real estate market.
Interested office
Thanks for the comment Phung!
Please feel free to reach out for more details of office availability and pricing!
Info@cvr.com.vn
+84 (0) 868 326 923
Too expensive.
1:07 How tall are the white guys? And how tal are the Viets?
Peter and Austin are slightly above average for their nationality, the Viets are average for theirs!
Where are you from Pal ? Mars ??? 👎🏼👎🏼👎🏼
Hi ! if you are American or US citizen , then if you try to marketing base on VN's RE law ? . VN's law is clear that ,only VN citizen and legal resident ( should have CMND ) can buy ,own VN 's RE . Don't break US ' Law ,
Hey N Ho - thanks for the comment! I’d be happy to talk more if you’d like an update on permitted real estate ownership in Vietnam 👍
When I hear boutique it tells me it is overpriced.
Thanks for the comment aj X! Depending on the project I’d be happy to explain market pricing and historical pricing to help determine what is truly overpriced
🥹👀😳
I hope you got someone to edit your videos in the future because the audio is awful which is a shame
Thanks for your feedback! We totally agree, and we've been working on improving the audio in our recent videos. We're all about getting better and better, and we're gonna keep pushing for that top-notch quality. Your support and suggestions mean a lot to us, and we hope you'll enjoy the improved audio in our future videos.
Expensive... Rental is so cheap, it is a no brainer.
There is also a plus side to building equity!
250K? holy crap im in canada and something like this in toronto would be literally 1.5million LMAO. yo i wish i had the dough to invest cause id be an idiot not to invest in this property
Thanks for the comment! There are also more affordable options if you would be interested in learning more.
Feel free to reach out via email - info@cvr.com.vn
there is better places for way less. this is way to high
It all depends on which segment you are looking for! If you have Vietnamese citizenship or are looking for social housing, there are more affordable options that don't have the license to sell to foreigners.
FBI.
Holland.
Holland.
who paid 250 for a condo in Vietnam...wow bloodbath coming soon
Thanks for the comment KennyG! 250k is only the mid-range of pricing in Vietnam. HCM average apartments fetch much higher!
So people are willingly paying more per square meter in Vietnam compared to modern european cities like Stockholm? Insanity is just the first word that come to mind.
Thanks for the comment FIRE!
Of course it is in an investment with some investors forecasting greater growth in emerging powerhouses in the east like Vietnam than in the west. Livability has a value as well that is more difficult to be quantified.
Danang has options that are much more affordable and more expensive than those presented in this video as well.
You might faint seeing the prices in Ho Chi Minh City! :')
stockholm is not a fun as vietnam 🎉
you dont know communist if you invest you will feel sorry ang you will lost money
Thanks for your comment Hiep! Vietnam has made considerable progress to being open for foreign investment in the last 30 years, we see it as good progress in a growing market!
Must talking out of your stinking ass, 3 freaking ///🤮
Vn government law it isn't stable ..likes others countries theyvare kerp changing
You will be end up losing it.
These property prices are ridiculously high.
Thanks for the comment Bright Light - average condo pricing around USD $2000 / sqm in Da Nang at the moment.
Happy to provide more affordable options should you be interested!
austin.weyers@cvr.com.vn