The City of Ho Chi Minh Still Offers a Range of Apartments Priced at 2 Billion VND and Below.

Ms. Nguyen Kieu Han, a staff member of a media company in District 1, shared that she is looking to buy a house in Ho Chi Minh City after a long time of renting. With her savings of approximately 1 billion VND and a current income ranging from 25 to 30 million VND per month, she hopes to find a house within a budget of around 2 billion VND.

“I will pay 50% of the value of the house upfront. Each month, I also set aside half of my income to pay the principal and interest to the bank. As long as the house is within a 15 km radius from the city center, it would be suitable,” Ms. Han said.

It’s not just Ms. Han; a large number of people in Ho Chi Minh City still have a huge demand for housing in the price range of around 2 billion VND, especially young first-time homebuyers in the city.

According to VTC News’ investigation, there are still many apartments within the price range of around 2 billion VND in districts such as Tan Phu, District 8, District 12, and Thu Duc City. Homebuyers have quite a variety of options to choose from.

For instance, in the Tam Phu ward area (Thu Duc City), some older apartment projects are offered by real estate agents at prices ranging from 1.5 billion to 2 billion VND, with areas ranging from 52 sq m to 64 sq m.

Mr. Vo Hong Quan, a real estate broker in Ho Chi Minh City, shared that for new projects, the price of a 2-bedroom apartment usually starts at 2.7 billion VND and above. This price range is also relatively high compared to the income of the locals.

With older projects, however, it is still possible to own an apartment for around 2 billion VND. Typically, one can purchase a 2-bedroom apartment in Thanh Nien apartment building in Tan Binh district for approximately 1.85 billion VND. This apartment already has a pink book (land use right certificate), but the area is quite “modest,” at only 44 sq m.

Also, according to Mr. Quan, people can buy a 2-bedroom apartment with an area of 45 sq m in Tan Son Nhi apartment building in Tan Binh district for 2 billion VND. Moreover, if one desires an even more affordable option, HQC Plaza in Binh Chanh district offers apartments for only 1.2 billion VND for a 2-bedroom unit with an area of 60 sq m.

“If people have limited financial resources, they can still find houses priced at around 2 billion VND in Ho Chi Minh City. These houses are usually located 10-15 km from the city center,” Mr. Quan said.

Mr. Tran Thanh Lam, Sales Manager at a real estate company in Thu Duc City, informed that homebuyers could purchase a 2-bedroom apartment for 1.9 billion VND at the Blue Sky Tower project located in Thu Duc City. This apartment has an area of 54 sq m and is awaiting the issuance of the pink book.

According to Mr. Lam, if one desires a more affordable option, Saigon Intela in Binh Chanh district is worth considering. A 2-bedroom apartment with an area of 55 sq m in this project is offered at around 1.7 billion VND.

Besides older 2-bedroom apartments, singles or couples without children can opt for brand new 1-bedroom apartments. For instance, an apartment at The Rainbow – Vinhomes Grand Park in Thu Duc City is offered at 2 billion VND.

“The disappearance of 2-bedroom apartments priced at 2 billion VND only occurs in new projects. Older projects still offer a wide range of choices. An apartment building can have a lifespan of up to 50-70 years, or even a century. Therefore, it is normal to consider purchasing an apartment that has been occupied for about 10 years if your finances are not quite abundant,” Mr. Lam analyzed.

According to real estate expert Vu Anh Tuan, the demand for housing among the population is diverse. However, the price of real estate is the first factor that comes to mind for homebuyers. The price range of around 2 billion VND per unit is always the most sought-after segment in Ho Chi Minh City. Nevertheless, new projects cannot meet this “huge” demand. Therefore, opting for older apartment projects is a reasonable choice.

Also, according to Mr. Tuan, homebuyers need to thoroughly analyze their needs and their family’s before choosing a real estate product. While many older projects are suitable for living, reselling them is not always easy. Thus, careful consideration is necessary before making a decision. In addition, homebuyers should also thoroughly check the project’s legal aspects, the internal and external utilities, as well as the construction quality of the apartment to make the right choice.