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Top 3 best apartments for rent in District 2

Need a new accommodation? Find a comfortable living space in District 2?
With these apartments, that no problem!

1. Masteri Thao Dien (Ha Noi Highway, Thao Dien Ward, District 2)

With 42 floors designed modern and friendly environmental, Masteri Thao Dien was honored in top 10 of the best real estate projects in Vietnam by Vietnam Investment Review. Its worth of remark is the prime location which just take 7 minutes to reach the central districts of city and easily access to other areas.

2. Lexington An Phu (Mai Chi Tho Highway, An Phu Ward, District 2)

Lexington An Phu is located in the new urban area – An Phu, where is recognized as one of the most modern infrasture in Ho Chi Minh City. It is a prime position that is on Mai Chi Tho Highway and easily connects to Thu Thiem Tunnel and Thu Thiem administrative center. The design of Lexington not only has the mark of Asian Classic style but also bears the application of European art.

3. Imperia An Phu (Mai Chi Tho Highway, An Phu Ward, District 2)

Imperia An Phu is the only apartment created about 72 percent of the area for green trees. It also is a group of luxury apartments, which built observed the international standard in the urban area City Horse, District 2. Therefore, residents can experience a high level of modern living conditions but still in harmony with nature.

officehcm.com

May 12, 2017 / by admin / in Advice

Latest news: Startups in real estate highly jump

The real estate sector took the lead in the number of startups as well as the growth rate, with 924 firms established in the first quarter this year, up a staggering 55% year-on-year, according to the Business Registration Agency under the Ministry of Planning and Investment.

Highly increase the start-ups in real estate market

After the property sector, new enterprises in the power, water and gas generation and distribution sectors came second in terms of growth rate, with 200 firms, up 32% year-on-year, while the education and training sector took the third position with 640 freshly-established firms, surging 28%. In addition, new businesses in the sectors of finance-banking-insurance and agriculture-forestry-aquaculture stood at 269 and 461 in the first three months, up 26% and 16% respectively.

Data of the agency showed the country had 26,478 newly-established enterprises with total registered capital of around VND271 trillion (US$11.9 billion) in the first three months of this year, up 11.4% in number and 45.8% in capital over the same period last year. Besides, operational firms registered to inject an additional VND325.4 trillion in the period, bringing the total amount of fresh capital registered by businesses in the three-month period to over VND596.6 trillion.

Meanwhile, nearly 9,200 enterprises have resumed operation in the first quarter after a period of suspension. The average registered capital of an enterprise in January-March was VND10.2 billion, a pickup of 30.9% compared to the same period of last year. Last month alone, 12,027 enterprises were registered with total capital of VND118.7 trillion, rising 120% in number and 90.6% in capital against a month earlier.

Source: The Saigon Times

May 12, 2017 / by admin / in News

How to find an apartment in Ho Chi Minh City?

If you are planning to move in Ho Chi Minh City for more than a few months, your options for accommodations are extremely varied. However, at first, you will have difficulties in finding an apartment in Ho Chi Minh City.

3 following ways will help you:

Connect a Real Estate Agent

This is the best way to find your accommodation in Ho Chi Minh City. A quick Google search will deliver many useful results to you. All you have to do is send them an email (or a text message if you’re in the country) with details of what you’re looking for (location, kind of apartment, size, budget, etc.) Then they will get back to you with some suitable options to choose. Finding a local agent is absolutely easy and quick for you to find an apartment in Ho Chi Minh City. It is necessary to connect them at least 1 week before you come to Vietnam.

Join in Facebook Group

Facebook is the most favorite social network which is popularly used in Saigon. You can join in some expats group such as Expats and locals in Ho Chi Minh City, Expats in Ho Chi Minh City (Saigon) or Saigon Expats & Locals-Internations Friends. These are very helpful for you to find an apartment because the news of accommodation can be posted every day. Many of real estate agents also suggest or give you advices about renting/leasing properties. Therefore, Facebook group is a good media for the expats to look for a favorable place to settle down.

Friends in HCM City

It is another option for the expats to find an accommodation in Saigon. If you have your friends living or working here, you can share the rooms of apartment together. Or they are able to help you find it. The expats community in this city has been developing and expanding, so you will not feel alone with its new life.

Hellovietnamese.com

May 5, 2017 / by admin / in Advice

The unofficial rumors make the land prices of suburban quickly increase

Land prices in Ho Chi Minh City’s suburban areas have recently skyrocketed over rumors of upgrading and merging outlying districts or the implementation of major projects. The prices have increased by 30 to 40 percent, even 100 percent in some areas, in District 2 and District 9, as well as outlying districts including Binh Chanh, Can Gio, Cu Chi, and Hoc Mon.

Increase quickly the land prices in Ho Chi Minh City

Along Nguyen Xien Street in Long Thanh My Ward, District 9, which was previously a secluded neighborhood, land prices have hiked after a rumor that a major realty project would be initiated later this month. Advertisements have filled the area, while brokers hand out leaflets on a daily basis.

According to Van Anh, a broker, houses in a residential area named DV were first put on sale seven months ago. Speculators began buying nearby land slots earlier this year, causing prices to rise, Anh elaborated. Areas along Nguyen Duy Linh Street in District 2 have also been in high demand. Hoang Nam, a local broker, stated that buyers of houses in the neighborhood have been mainly speculators while those having a real demand for residences make up a small portion.

It is noticed that a 20 to 50 percent increase in land prices along National Highway 50 in Binh Chanh District compared to the beginning of the year. National Highway 50 is a major road leading to provinces in the Mekong Delta, Ngan, an experienced broker, explained, adding that Binh Hung Commune in the district is expected to be upgraded, leading to the price surge. A 4m x 16m house, previously sold at about VND500 million (US$22,000), is now hard to find although the price has doubled, Ngan continued. Land prices in outlying Can Gio and Cu Chi District have also spiked due to some hearsay that many developers will carry out their projects in the areas.

Against the backdrop of the “land fever”, real estate experts recommend that buyers should be cautious before opening their pockets. As major investors have occupied all profitable projects in downtown areas, smaller ones will seek for potential property in less prominent neighborhoods such as District 2 or 9, said Nguyen Xuan Loc, general director of Techcomreal, a realty company.

That the city’s authorities are developing infrastructure in suburban areas has been leveraged by brokers, boosting land prices, Loc added. “Buyers should only choose those projects having a legitimate building permit, easy access, and connections to other infrastructure and sign deals with proper contracts to avoid pricing traps”.

Source: Tuoitrenews

May 4, 2017 / by admin / in News

Be careful with the challenges of doing business in Vietnam

Vietnam is a developing country in South East Asian with the economy having many challenges and advantages. If you want to do business here, should prepare carefully for some challenges to come over.

Infrastructure

You may encounter basic infrastructure in the more regional parts of Vietnam. Ensure that your plans account for this, and you should have a decent understanding of the limitations. In urban centers, infrastructure is relatively modern and convenient. Especially, there are some modern traffic projects such as Metro Lines, rapid bus, bridges, etc. which are constructed to push the economic development.

Laws and regulations

There are numerous ‘grey areas’ in Vietnamese laws. This may cause difficulties in interpretation, application and compliance. It is possible for you to find a local partner early who can help you understand and deal with the regulations, permits and laws.

Do research and plan carefully

In most emerging markets, the level of bureaucracy can be challenging. This impacts many investors when they consider the business in Vietnam. It is better if you do your research beforehand to get an understanding the most critical permits you’ll need. Ensure that you fully understand how to comply with all the local regulations.

Being patient

It’s necessary to be patient when you deal with Vietnamese people. You need to know that negotiations can take some time, and most decisions have to go through group consultation. The processing of official documents and permits can also take a long time.

Meeting etiquette

When someone disagrees with you, they are likely to remain silent. This is a cultural trait typical of several Asian countries that means to save face of the partners. Besides, kiss and hug are not popular in Vietnamese community, especially the traditional people.

Relationships

In Vietnam, the relationships in business are extremely critical to success. The businessman should invest time in building solid relationships based on both personal and business lines. Eating and drinking together is an important part of business introductions.

Vietnamese names

The order of a Vietnamese name is family name, middle name and then given name. Therefore, it is quite difficult for the foreigners to call your local partner’s name. Thus, just use his or her given name with the appropriate title or ask his/her English name to communicate easily.

Hellovietnamese.com

April 27, 2017 / by admin / in Advice

Real Estate M&A keeps on growing in Vietnam

According to Savills Vietnam Ltd, Co, the number of mergers and acquisitions (M&A) in Vietnam’s real estate market will continue growing this year and beyond. In this report, M&A’s by foreign investors continued strong development, especially from Japan, Hong Kong, South Korea and Singapore.

M&A in Vietnam’s real estate market

For instance, a Japanese investor bought 70 per cent of shares of A&B office building in Ho Chi Minh City, and Creed Group co-operated with two domestic investors, Phat Dat and An Gia, to develop commercial apartment projects. Meanwhile, Singaporean investors stepped up their investment into the local property market. Keppel Land joined the Empire City project and CapitalLand increased its shares at The Vista project. Mapletree bought Kumho Asiana Plaza in District 1, Ho Chi Minh City.

Strong development of M&A on the market showed high confidence of investors and a new sustainable development cycle in local property market. With many projects of high potential, M&A would continue to be a popular model for investors to join the local market and implement their goals in development of business on local property market. On the other hand, M&A’s would continue to be essential when the market develops further and investors would have to prove their skills, experience and class to achieve cooperation opportunities and join deals with large value and potential.

According to a research by Savills Vietnam, since 2014 the market has witnessed the strategic steps of investors, including mergers and acquisitions and development cooperation. For instance, Gaw Capital acquired commercial property from Indochina Land with high value, while Gamuda Land bought shares of domestic investors at Celadon City project in HCM City. M&A activities have taken place in various segments, such as a joint development venture of a resort project in Hội An with a total investment at US$4 billion between Chau Tai Phuc Group and Suncity or Lotte’s acquisition on Diamond Plaza (District 1). Besides, the domestic investors also played an important role in M&A and development cooperation. Van Thinh Phat, VinGroup, Novaland and Sun Group became strategic investors when they have acquired potential projects or land to develop property products.

Source: VNS

April 26, 2017 / by admin / in News

Useful tips for renting a favorable apartment in Saigon

Do you have difficulties to find an ideal apartment to settle down and enjoy the new life in Saigon? Don’t worry!

Just consider these following tips:

1. Start early

As Ho Chi Minh City is such a big city, it’s important for the expats to start doing their research before they arrive, for example which districts they prefer. Generally, you can also contact agents to set up appointments for you to go and see the apartments once you’re in town. The real estate agents are the locals, therefore, they are convenient to list the suitable apartments for you to choose.

2. Know your budget

It is the most important step of renting an apartment. At the moment, a decent fully furnished 1-2 bedroom apartment is rented out between $400-$600, which is suitable for singles or couples without kids. For families, a 3-bedrrom unit ranges from $700-$1,000USD in Phu My Hung Area, District 1 and especially District 2. Generally, you need to spend at least $150 for the utilities such as electricity, water, gas or management fees.

3. Double check facilities and amenities

When you start viewing your apartments, you should double check what is included. Many serviced apartments will include internet, cleaning, use of laundry machines and cable TV as a part of the rent. You will usually have to pay for electricity separately. If you are offered very cheap rent and it doesn’t include any services, be sure to check how much additional services (like electricity, laundry, water) will end up costing you.

4. Consider the contract carefully

Once you have decided to rent an apartment, you will have to sign a contract. This is combined with the agreements between the property’s owner and you and other rules. It’s important to read carefully your contract before signing. Make sure that everything discussed is included in the rental contract and if something is missing, don’t hesitate to question it.

Hellovietnamese.com

April 25, 2017 / by admin / in Advice

Property in Quarter 2 becomes extremely dynamic

At a conference on Friday, Mister Nguyen Manh Ha, the association’s deputy president, said the realty market would be bolstered by the stable macro-economic situation, rising number of tourist arrivals to Vietnam and foreign direct investment into the property sector.

The property market in quarter 2 of 2017

The statistics show that Vietnam had received more than 3.2 million foreign tourists in the first quarter of this year, up by 29 per cent over the same period last year. FDI inflow jumped by more than 91 per cent to a total of $334 million in the January-March period. He said the slowdown in transactions in Quarter 1 was because of the nation’s biggest holiday, which fell in late January.

However, the market started to get busier from March with more transactions and property developers gearing up for sale launches in the coming quarters. The property projects in District 2 (such as Masteri Thao Dien, Lexington, Imperia, etc.) will be benefited from infrastructure development, such as those along rapid bus BRT and Metro Lines, which had good liquidity. Several developers were expected to develop and release a huge supply of affordable homes, which would contribute to improving transactions and market liquidity, according to the Vietnam Association of Property Brokers.

Regarding tourism property, the association anticipated strong development, driven by the dynamism of foreign developers as well as the rising middle-income class in the country. The property sector ranked the sixth most discussed topic on social networks in the first quarter of this year, based on a survey by SocialBeat, according to the association.

Apartments and resort property were the two most discussed segments, with 33 per cent and 24 per cent share, respectively. Affordable housing segment attracted significant market attention, especially information about the location of a project, planning, facilities and sale policies.

Source: VNS

April 25, 2017 / by admin / in News

How to adapt culture shock in Vietnamese workplace

One common issue that Vietnamese and foreigners are often different in the workplace is bringing the relatives to business affairs. While relationship-oriented Vietnamese are usually more comfortable to work with someone they already know, foreigners think that it is unprofessional to involve someone’s family or friend in business. These are the experiences of Mr Oliver H. Meeker, Senior Investment Analyst at Vietnam Investments Group.

The differences cultures in workplace

The second difference is about the time management and conflict management. Besides being unable to meet a deadline or coming to the office late, Vietnamese employees tend to keep silent instead of expressing their disagreement to avoid direct conflict. On the other hand, disagreeing, speaking up, or challenging other ideas is welcomed in the foreign working style. Foreigners expect their staff to be more pro-active, ask questions and be result-oriented, asserted Meeker.

Another problem in workplace of Vietnam is that greeting culture is seen as important. It means that the Vietnamese workers will feel slighted if they are not greeted by their boss. While the foreigners put more importance on the ability of the boss to manage the workplace, instead of their friendliness. Employees are recommended to take time to build deep relationships with their colleagues and adapt to different cultural aspects. Moreover, both Vietnamese and foreigners should respect and try to understand the manners and ways in which each other live.

Regarding organizational development, one crucial key for companies which involve both foreign and Vietnamese employees is to train cultural competence for managers and workers to create mutual cultural understanding and tolerance in the workplace, emphasized Meeker.

Source: Tuoitrenews

April 25, 2017 / by admin / in Advice

Do you understand tipping culture in Vietnam?

The custom of tipping varies widely between countries, but it is usually the standard of service that determines tips. Nowadays, tipping is especially common in Vietnam, so the following advice will be helpful for the expats to understand this culture.

Restaurants

Many of the eateries include a service charge in the bills, and this could be from 5% to 10%. However, this amount rarely reaches the service staff. If the management does send some of it their way, it’s most likely to be a meagre amount. An extra tip of 100,000VND/person is customary when the service has been outstanding.

Sampling Vietnamese street food is something that all expats really enjoy during their stay. In fact, some of the most delicious food in the country can be found at street stalls. It is not customary to tip at street food stops, but you can still leave a tip if you receive excellent service. This would generally be a tip of about 20,000VND.

Hotels

As an expat, you may need to stay at hotels in Vietnam either during your initial days in the country or while traveling around it later. When it comes to tipping at hotels, the level of service is the determining factor. If you’re not particularly happy with the service, you are not obligated to leave a tip at all. But in other cases, leaving a couple of dollars for good housekeeping service is appropriate. You can also give the bellman a dollar for each bag he carries. If you have been satisfied with the overall service at the hotel, you can leave a small amount at the desk before you check out.

Taxis

You are not required to tip taxi drivers in Vietnam, and so your driver will not be offended if you don’t leave a tip. However, many foreigners do decide to round off the total amount and request the driver to keep the change, if they feel that the driver was very helpful or polite.

Spas

Spa services in Vietnam are not as expensive as they are in Western countries. This actually makes it confusing for foreigners who don’t know whether to tip or not in such situations. The common custom is to leave just a few dollars at the less expensive spas. The more upscale ones will most likely include the 5 to 10 percent service charge in their bills, which essentially covers your tip. If you feel your refreshing spa experience deserves a small reward, go ahead and leave an extra tip.

Hellovietnamese.com

April 24, 2017 / by admin / in Advice

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