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Real Estate in Ho Chi Minh City, Vietnam | Expat Exchange
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Ho Chi Minh, Vietnam

Real Estate in Ho Chi Minh City, Vietnam

By Joshua Wood, LPC

Last updated on Apr 06, 2023

Summary: The most desirable neighborhoods in Ho Chi Minh City, Vietnam are District 1, District 2, District 3, District 4, District 7, and Phu My Hung. On average, a nice 2 bedroom home in Ho Chi Minh City costs around $200,000 USD, while a nice 3 bedroom home costs around $300,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and a balcony. Foreigners are allowed to own property in Ho Chi Minh City, but there are certain restrictions. For example, foreigners are not allowed to own land, and they must register their property with the local government. When searching for a home to buy in Ho Chi Minh City, expats should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local real estate market and to work with a reputable real estate agent.

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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:

"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," said one person in Ho Chi Minh City.

"Finding a place to live in Ho Chi Minh City can be a daunting task. However, there are a few options available to those looking for a place to call home. One option is to look for a rental property through a real estate agent. This can be a great way to find a place that fits your budget and needs. Additionally, there are many online resources available to help you find a place to live in Ho Chi Minh City. Websites such as Expat.com, Vietnam Real Estate, and Vietnam Housing offer listings of apartments, houses, and other rental properties. Finally, you can also look for a place to live through word of mouth. Ask friends, family, and colleagues if they know of any available rental properties in the area," remarked one foreigner who made the move to Ho Chi Minh City.

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What is a typical expat home or apartment like in Ho Chi Minh City?

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About the Author

Joshua Wood 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.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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