This threshold is slightly higher than that of Indonesia but significantly lower than Thailand ($923,000 USD) and Malaysia ($1.05 million USD). In Singapore, the benchmark for the top 1% is over $6 million USD—almost ten times the amount required for Vietnam’s elite club.
Net worth refers to the value of all financial and non-financial assets owned, minus any outstanding debts. Assets encompass cash, investments, real estate, vehicles, and anything else of value an individual possesses.
However, these figures might not capture the entire picture, considering that a significant portion of Vietnamese wealth is held in real estate. In developed countries, databases include real estate values at market rates in their statistics because they tax property based on market value. Consequently, when assessing total wealth, statisticians can easily calculate asset values that closely reflect market prices.
In other countries, a surge in housing prices is considered abnormal income, and citizens are taxed accordingly. Meanwhile, in Vietnam, no entity promptly updates information on rising house prices.
The Ultimate Luxury: West West Lake Apartments – A Rare Find at Almost 300 million VND per square meter
West West Lake – the administrative and economic strategic center of the northeast of the capital, is witnessing a prolonged shortage of luxury apartments. Despite its potential, limited land availability constrains the supply of new primary apartments. As a result, acquiring a residence in West West Lake is increasingly challenging and expensive.
Prime Real Estate on Ring Road 5: The Next Big Thing in Phu Binh
With transportation infrastructure development gathering pace across the nation, and the recent inauguration of the Capital Region’s Belt Road 5 – a section of which passes through Phu Binh – acting as a catalyst, real estate values in Thai Nguyen are experiencing a significant surge with each progressive step in infrastructure advancement.
The Ultimate Lifestyle Destination: TTC Plaza Danang
TTC Plaza Danang offers a modern lifestyle with integrated, world-class amenities, solidifying its stature in Vietnam’s most livable city.
The Allure of Aeon Mall: The Driving Force Behind Da Nang’s Soaring Property Prices
Nestled in a prime location, TTC Plaza Danang offers a modern lifestyle with integrated, world-class amenities. This development stands tall in Vietnam’s most livable city, elevating the urban landscape and offering a prestigious address.
The Magnet of Hanoi: A Neighborhood That Attracts Investors and Experts Alike, With Property Prices Predicted to Soar.
“The gateway to southern Hanoi has become a magnet for investors, and rightly so. This area, with its undeniable allure, is set to be a hotspot for real estate ventures in the future. As the city expands and develops, the south will undoubtedly reap the benefits, and the projects there will thrive.”
