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Real estate in Ho Chi Minh City is facing many challenges with high potential, attracting a lot of investment capital in the region. The central areas bring convenience for investment and business.
In the South. Ho Chi Minh City is the focal point and the leading vibrant economic center, so it has attracted many domestic and foreign investors to deploy the project. Investors always quickly update the world's trends to meet the housing needs and profitable investments of all customers in the face of the current wave of economic inflation.
People's living standards, increasing income levels and the wave of settlements have helped boost the demand for apartments in the current housing project in Ho Chi Minh City. The selling price of real estate products has recorded a high increase in the central area. Meanwhile, the periphery and satellite areas still have great potential to meet the basic to advanced living needs of the people.
Infrastructure has been focused and upgraded, which has made the connection between Ho Chi Minh City and neighboring provinces more convenient. At the same time, promoting economic and trade between regions. Therefore, Ho Chi Minh real estate has gradually shifted to more suburban areas.
Frequently Asked Questions
The process to sell a residential property in Vietnam is the same for foreign buyers who bought under Sale & Purchase Agreement (SPA) or Long-term Lease Contract (LTLC). Both seller and buyer will have to be present in person in Vietnam to execute the necessary sale transfer. However, in the situation that the foreign home seller is not able to come to Vietnam, a notarized “Letter of Authorisation” or “Power of Attorney” is required to authorize another individual to conduct the sale transaction process on behalf of the legal homeowner (seller) in Vietnam.
The process of selling a residential property in Ho Chi Minh City (HCMC) might seem straightforward, but the process is painstaking. Everything has to take place exactly according to the prescribed steps. As with any bureaucratic process in Vietnam, getting clever to cut corners on the process will not get you anywhere. In order to give you an overview to the process of selling a residential property in HCMC as a foreigner, the following step-by-step chart has been prepared to help save you time in execution so that you will have less frustration on the process.