Should Single Buyers Opt for a Studio, a 1+1, or a 2-Bedroom Condo?

The modern landscape of condo ownership is evolving, with single individuals joining young families as dynamic players in the market. Amidst a myriad of choices, from compact studios to spacious two-bedrooms, how does one make a wise decision to achieve both a comfortable home and a sound investment?

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As property prices remain high, owning an apartment is becoming a challenge not only for young families but also an increasing concern for singles in urban areas. From the need for a home to asset accumulation, singles are now considered a dynamic and potential customer group in the residential real estate market.

Studio: Convenient and Affordable but Less Popular

Studio apartments typically have an area of 25m2 and feature an open-plan design without room partitions. The biggest advantage is their lower price range, usually from 1.5 to 2 billion VND, depending on the area, which suits young, single individuals with moderate incomes.

However, a significant disadvantage is the limited living space. If the owner decides to start a family or sell after a few years, the potential buyer pool for a studio apartment is relatively small. Thus, studios are often suitable only for those intending to stay for a short period or considering it as a rental investment.

Studio apartments typically feature an open-plan design without room partitions.

One-Bedroom Apartment: “Just Right” for Long-Term Single Living

One-bedroom or 1+1 bedroom apartments usually range from 40 to 45m2, with prices between 2 and 3.5 billion VND in Ho Chi Minh City and Hanoi. This is the most popular choice among singles today. The space is moderate, providing a separation between the living room and bedroom, ensuring more privacy than a studio.

Especially, this type of apartment has higher liquidity as it caters to singles, newly married couples, or rental investors. According to many brokers, one-bedroom apartments are currently favored in central areas or near metro lines due to their convenience and rental potential.

Two-Bedroom Apartment: “Exceeds Demand” but Holds Value Well

For financially stable singles, a two-bedroom apartment with an area of 50 to 70 m2 and a price range of 4 to 7 billion VND is considered a “safe” long-term investment.

Although it exceeds current needs, a two-bedroom apartment has the advantage of high liquidity: it can be easily sold to families, rented at higher prices, and suits those planning to start a family in the next few years.

Despite exceeding current needs, a two-bedroom apartment holds strong resale value.

What’s the Trend for Singles?

According to several market research firms, the proportion of single customers buying apartments is increasing, especially in the 27-35 age group. This is driven by improved incomes among young people and a trend towards emphasizing independence and the desire for personal space.

However, when considering “which apartment to buy,” three factors should be balanced: purpose of use – financial capability – liquidity. If the apartment is intended for short-term living, a studio remains a cost-effective choice. For those seeking long-term value and flexibility, 1+1 bedroom and two-bedroom apartments are more sensible options.

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