Real Estate in Ho Chi Minh City, Vietnam
Last updated on Feb 04, 2023
Summary: Expats and retirees talk about real estate in Ho Chi Minh City, Vietnam? How do you find a home in Ho Chi Minh City? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Ho Chi Minh City?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Ho Chi Minh City can be done in several ways. There are options for renting an apartment, house, or a room in a shared house. Some travelers may prefer to rent an entire house or apartment, while others may opt for a shorter stay and rent a room in a shared house. Many online sites, such as Craigslist, Facebook groups, and Bình Nhân classifieds offer ample listings for available housing, while hotels and hostels offer long-term stays as well. Additionally, some real estate agents in the city specialize in finding housing for expats and tourists. However, it is important to always inspect the property before signing a lease or agreeing to any terms," added another expat who made the move to Ho Chi Minh City.
"Having spent the past 6 years doing a long commute to work I decided to live close to my job if it was feasible - and it was. I live in District 7 of HCMC on the 14th floor of a group of 25 storey apartment blocks. In the centre of the 4 blocks is a sort of village square with several swimming pools, a gym, small shops/cafes/ hairdressers, a large good supermarket and two tennis courts. More shopping centres are within 5 minute's taxi ride, and I can get into District 1 shopping in 20-30 minutes depending on traffic. I used a local real estate office to find my apartment, someone recommended by a work colleague," explained one foreigner living in Ho Chi Minh City, Vietnam.
What is a typical expat home or apartment like in Ho Chi Minh City?
"Expat homes and apartments in Ho Chi Minh City tend to be spacious, with modern furnishings and good access to facilities. Some of them have luxurious amenities such as swimming pools and impressive greenery. Expat homes also generally come with up-to-date kitchen appliances and storage solutions. Residents will also find plenty of natural light and a good level of security, as well as excellent views of the city. For those with a taste for the finer things in life, Ho Chi Minh City offers the added bonus of great shopping, fine dining, and entertainment," explained one expat living in Ho Chi Minh City, Vietnam.
"I have a 3 bedroom / 2 bathroom apartment; mostly 1 or 3 seemed available at the time and I occasionally have overseas friends to stay. The people who live in my apartment blocks include western expats but are mainly Korean expats or Vietnamese people," said another person in Ho Chi Minh City.
What is the average cost of housing in Ho Chi Minh City?
If you are thinking about moving to Ho Chi Minh City, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Ho Chi Minh City varies depending on the location, size and quality of accommodation. In general, a one-bedroom apartment in the city center typically ranges from $400 to $900 a month, while a three-bedroom apartment often goes for around $1,000 to $1,600 per month," said another expat in Ho Chi Minh City.
"Rental costs are slightly lower than in my area of Australia and much lower than cities such as Sydney and Melbourne. Depending on the size and standard of apartment in HCMC, median apartment costs would be 400-800 USD a month in my area. I think they are slightly higher in District 1," remarked another member in Ho Chi Minh City.
Should I buy or rent a home in Ho Chi Minh City?
If you have not spent a lot of time in Ho Chi Minh City, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Whether to buy or rent a home in Ho Chi Minh City depends on your individual needs and budget. Buying a home can be financially beneficial if you plan to live in the city for a long time and the property's value is expected to appreciate. However, if you are only in the city for a short time, renting may be the better option as it can be more cost-effective, provides more flexibility, and involves less responsibility. Additionally, you should consider what type of home best suits your needs. If you are looking for a more modern, convenient home, then looking at properties in newly developed neighborhoods or condo buildings may be the best option for you," said another person in Ho Chi Minh City.
"In 2013 I retired and moved permanently to Viet Nam. I had met a Vietnamese woman and married her in 2014. I purchased a 4 story, 4 bedroom 3 bath home in HCMC for $140,000 and I have been living here happily ever since. I live in a Vietnamese district where there are very few foreigners, but I have met some at the pool I go to and at my gym. I also have a number of Vietnamese friends," added another expat who made the move to Ho Chi Minh.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
- What do I need to know before moving to Ho Chi Minh City?
- What is a typical expat home or apartment like in Ho Chi Minh City?
- What is the average cost of housing in Ho Chi Minh City?
- How do I meet people in Ho Chi Minh City?
- What do I need to know before retiring in Ho Chi Minh City?
- What should I pack when moving to Ho Chi Minh City?
- Where should I setup a bank account in Ho Chi Minh City?
- Will I be able to find a job in Ho Chi Minh City?
- What is life like as an expat in your area?
- What do people like (and dislike) about Ho Chi Minh City?
- What type of social life can someone expect in Ho Chi Minh City?
- What is the social scene like in Ho Chi Minh City?
- What advice to expats in Ho Chi Minh City have about housing?
- What are medical services in Ho Chi Minh City like?
- Are healthcare and health insurance expensive in Ho Chi Minh City?
- Is the cost of living in Ho Chi Minh City high?
- What are the visa & residency requirements in Ho Chi Minh City?
- Why do people move to Ho Chi Minh City?