Not in a million years i would invest anything in Viernam let alone real estate, the head aches and frustrations totally not worth it. Renting is the best way to live in Viet nam.
That's why you don't want to buy anything without Ken. I bought in Portugal and the experience has been so horrendous I am only waiting for the deed signing and I am turning it over to n agent to sell. After my experience there, I could never live there. As a foreigner, I will only buy with a good lawyer. I won't even talk to anyone without a lawyer. BTW, Portugal doesn't compare with DaNang except perhaps Cascais.
Agent Amy is outstanding ❤ Great presentation skills 👏 excellent English ❤ ... i would love to see her presenting other properties 😊😊😊 She needs to do her own real estate channel in English ❤
they don't tell you the dark side of owning the property.. corruption will be at your door once they find out you are a foreigner...or viet kieu....a couple of my friend find out the hard way.
Ken seems like a nice guy, but it's impossible to own property as a foreigner in Vietnam, impossible. there are 10,000+ stories of property being seized by locals from foreigners, even Viet Kieu.
@@Chris-uh7nm nahhh, she has never been living anywhere outside Vietnam ... but you are right, her speaking just like someone who live in US for a certain time
Having lived in Vietnam for many happy years my advice for Westerners is to rent . Do not buy any property unless you have a Vietnamese spouse. Invest your money elsewhere for cashflow.
@@duongglobalbusinessconsulting That's why you marry a Vietnamese woman who doesn't need your money or needs a green card to the states. If the relationship is meant to work out at that point it will then the chances of having things go bad is minimal. But if you want to be superman and get a girl and her family out of poverty while looking like the typical expat, it might not be the best idea to put it all in her name.
@@jonwebb9022 exactly. If you have money and want to live in Vietnam, why not buying a house in the US. Rent it out. The rent money you get is more than enough to rent a nice place in Vietnam. Besides, renting will let you move from city to city anytime you want. And if you are tired of Vietnam and want to go back to the US, you still have a place.
500K USD can buy 2500 sq ft house just about anywhere in US. On a more reasonable level, you need to show apartment that is way lower in price. EG: 63m2 Masteri apartment in Ocean Park Hanoi is under 170K. 500k USD will buy you villas at same location.
@@SPSquirtle NO ONE wants to live where 500k USD can buy you property, which is why they're 500k. He is right, anywhere decent (top 10 MSA) will be at lest 1m
@@dkang23 in NJ theres many beautiful houses in Amazing locations for $500k - $700k right across NYC, Long Island in NY also has many in amazing neighborhoods. Im speaking for east coast. West coast and Vegas might be more dodgy..
Thanks, Ken. I'm currently in Thailand and will be visiting Vietnam soon. Da Nang is a city I'm seriously considering moving to. I love ocean cities. ❤
These are good projects for promoters! They should be paying very high commissions to find buyers to overpay! Like maybe 10 or 15 percents could go to sales team because markups seem very big! maybe in 3 yrs you can buy direct from desperate sellers for $85k same unit, if the seller can even sell.
Agent Amy is so professional, her presentation is better than any other agents that I have seen In Viet Nam. She must have lived and studied over sea for her to be able to speak that good English. I will definitely look for her if I want to invest in real-estate in Da Nang
if someone is considering to buy in Da Nang, they really need to go there and rent for a long period. I say this from experience. I was looking for an alternative to Thailand. However, I could only stay in Da Nang for a month before I left. I really disliked it immensely. The contstant horns of bikes and cars, the crazy driving, the amount of people there was crazy, the hustle from vendors that never ended. There are a lot of other things, but i wont list. I dont want to put anyone off, just show reality. As I say, before buying, please visit and spend time there. Vietnam is beautiful. However, Da Nang..........not so much.
They use the honk benignly to alert and communicate with other drivers, if you don't like it in Da nang, you won't like it for the rest of VN, you better stay in Thailand.
It sounds like you don't want to live in a city or a country that is on the uptrend and growing. I like that and I'm retired. I like the animation, the lively atmosphere and the growth.
Hello Ken, I think it would be wise, for U to open up a "Tourist Guide Explorer," and a Simple Local Hotel," so that tourist like me and my family, can explore Vietnam with your Tourist Guide and also, can enjoy the scenery, What Vietnam can offer! Also, a place to stay, while visiting Vietnam. Places to eat, places to go explore, into the countryside. My sister in law, is Vietnamese. I think, she's from the North! Love the Food from North! Been eating it since, she had introduced us to the North Vietnamese food! Love Buncha Hanoi, Bun Thit Nuong dish and Pho noodles. Thank U so much! GOD BLESS
The Nobu property seems like the bedrooms are small. Many units will become rental and the noise is that building will be loud with so many people moving in and out for their stay. Thank you for the tours and the camera work is great in showing us around very slowly. It's nice to see the detail and get prices.
The Filmore Da Nang has nicer fit and finishings than I remember. I saw it 2 years ago and didn't remember the quality being this good. Also, 2 years ago, I remember them telling me there would be no parking. The price per sqm was too high for me. All of the new beach front properties are selling for less per sqm. You really need to do a bigger overview of Da Nang's real estate condition instead of just an ad for 2 projects. I think a lot of people want to know what's going on with all the new beachfront properties that started during the pandemic. I know part of the story, but I want to hear what a lawyer finds out.
Ken, if your still in Da Nang, consider visiting my friend Duy's expanded new restaurant there called Flyburgers. He is one smart and very likable businessman. He is a Viet Kieu from Buffalo, NY. One amazing thing about him...he didn't come to America until he was 18, yet he speaks perfect English! For other great places, if your interested, let me know.
Any chance of doing a video on reasonably priced existing real estate rather than the new "greater fool" buys through developers that make all the money at the buyer's expense.
Just a note to clarify for all. Viet Nam is an interesting place to visit... but there is no "retiring" in Viet Nam. You will be a tourist subject to visa renewals and trips out of the country every 90 days.
Phu Quoc is good escape during rainy season but on long term is pretty boring, Nha Trang got nicer weather than Da Nang but not much to do... Da Nang overall is pretty much super well connected that's way is " perfect base " for many people to live in ....
In my humble opinion, Vietnam needs to be investing in cleaning up their rivers and streams instead of investing in luxury apartments ordinary citizens of Vietnam can't afford. That river may look nice from the 25th floor, but close-up will most visitors cringe!
Here’s my advice: whether discussing politics or issues like trash removal from streets and rivers in Vietnam, you can’t express negative opinions, even if they are constructive. Such comments will likely provoke a negative response or sabotage. Only flattering comments are accepted, even if they aren’t true.😂
Buying is easy, wait until you are try to sell it. Man, it is the horrible experience. As foreigner, it is a very difficult finding another foreigners to buy your property. Please never listen to the promises of renting, they often tell their buyer high rental income that they would laugh about when they are at home. If you believed me, go buy it and find out yourself.
Where’s the sea view? From the clip’s title, I thought the building is on Son Trả beach district but it’s on Hai Chau district which is less desirable. Another excellent video from Kenny as he has a very good understanding of foreign/viet kiểu property ownership laws.
I have been there 3 times visiting and I am still nervous to park my money there!… I once remember a rich man told me not to go too far to make money you can do it here in the USA.
Need to work on the camera and editing. I got a headache from the unstable panning. Sales lady was excellent in explaining the detail. Should have a segment on ongoing costs, fees and potential unexpected outlay. Should do a few more videos on different and affordable apartments and properties around Da Nang.
$550/sqft on average is insane. I remember when I first visited Vietnam I was shocked at how expensive real estate was in relation to how much rent you could collect for that same home. For example a $350k home in Saigon that only rents for $300/month. In the US that $350k home would rent for at least $2000. I think this crazy real estate valuation has to do with Vietnamese experiencing generations of out of control inflation-- they would rather park their money in overpriced real estate rather than see their savings go to zero from currency devaluation.
Mr Dung sir - what if building have special assessments for foreigner in year 2 for $250,000 or $500,000 like, what do you do then? will you fight the HOA for the buyer? how many $350 hours you estimate for winning case?
Prices all over Vietnam now are over inflated already. Only 5-6 years ago everything was so much cheaper' and now prices inflate more and more. In Hanoi and Saigon it's lunacy to buy because the cities are so polluted, especially Hanoi, that no matter how luxurious the apartment and the area are, you cannot spend any time outdoors (for example, as green as EcoPark Hanoi seems to be, the air there is as polluted as in TayHo, which is the most polluted in Vietnam. Really bad). Danang is not as polluted, yet, but it's becoming worse and worse from year to year. So cheap, yes, maybe compared to the US, but it comes with a STEEP price. And you can find waaaay cheaper apartments, like 1000$ per square meter, in Cambodia for example. Vietnam is simply not the place to invest.
At the 35:15 mark, the Condo is 115 sq meters and later he estimates the price is about USD 5,000 per sq meter. So that is USD 575,000, which seems very reasonable.
Ken does a great job on information for condos. Question do the recent changes against air b&b affect our investments. People looking at these opportunities like to see examples of down payments escrow fees mgmt fees and show the 6% fees HOA fees. Pleases think about this approach so you receive more business. Without these basic types of guides. Makes it easier to go to vietnam. to Vietnam and
Thanks for all you offer By following many of the offers, I noticed there is a great interest in safety and security, and this is a good thing, but it makes me feel insecure. My impression is that without the available security, my life will be threatened? That's how I felt with all due respect.
I just buy a condo in huizhou china beach front also one hr from Shenzhen 62 S m 2 bedroom only 39,000 USD a lot of inventory no buyers maybe be same Chinese developer in da nang Kenny attorney business must be bad he is now in real estate.😅😂
This is perfect video for me, i was looking to buy between Thailand and Vietnam , look like the price are better in Thailand , visa are better . and Thailand look more advance in infrastructure....
I hope the host vlogger is reading the sincere comments below. It seem clear that this property is overpriced and could have potential ownership headaches. Also, the concensus is that renting is likely the best way to go. I am sure the host is aware of this. Still love this channel.
Real estate in VN is in line with or even more cost than a lot of 1st world countries. It's a totally different economy in contrast to the real value of VND. a huge bubble.
Just wondering. I am born and raised and still live in Canada. My wife is from the Tam Ky area. After I married her in Vietnam she came to Canada . She became a Canadian citizen. Would she be treated a a foreigner or local or a mix. BTW . I remember being with my wife by that swinging bridge
For retirement you don't need big space, but you also don't need big bill too. So if you buy a unit and you live in it for 30 years then sell to another foreigner, would the new owner get another 50 years of ownership? In Thailand new condos growing like mushroom and pricing does not appreciate.
Great video and discussion but the math doesn’t make sense in terms of investment… if you take 200k and just put it in a CD on online savings you’ll get at least 5% of course that with rates high however even if u just put it in a index fund like the S&P your avg will be 8% not to mention any other high divined paying fund. So 200k @ 8% will net you 1600 per month and u can take that money and use it to rent a really nice place and have the flexibility without the headaches of dealing with hoa, renters or other. So although the property is super nice in terms of investment it just doesn’t seem worth it at those prices and the assumption that the property will double or triple over time is only hearsay and speculation could it yes but realistically once the newness wears off it’s no longer the crown jewel as there is always something newer and better that will be worth more while the new building now then becomes yesterdays news
I was planning to buy a property in VN. Not any more. The laws can be changed at any time without warning. Foreigners are always in a BAD position. Rental is the best and safest way to go.
Buying condo in viet nam is a good idea when you decide to lived in vn with a Vietnamese wife but When it’s need any repairs which their responsible they try to scam you because they can see you are foreigners or viet kieu … sad
Hello . In the first building The Philm Danang - approximately how much would an owner charge for rent on a one bedroom and a 2 bedroom for a year arrangement . I am a usa citizen that would live there. Thank you . Very Professional Video . 😊🎉
I used to climb on this type geometric dome in the playground when I was a kid. If I lived there, I would climb up there every day for fun that is until I fall and break my neck. 😂
Is it true that real estate in Vietnam is a little different where the asking price is usually double what the market value is. Does that mean this condo might be able to be purchased for 150k instead of 300-500k?
I bought an apartment for my viet wife. After 5 years we went Malaysia because of our childrens education. So want to sell the vn apartment. But cannot send the sale proceeds to Malaysia. Its absurd.
All properties belong to the state enterprises, no one owns anything in Vietnam even if you paid for it. You actually pay for on a borrowed term, the government can step in to take your property when necessary for state functions, and though you can be compensate for it but not at current market value. It’s for the common good because all asset in VN “belonged to the people”, at least that’s what the official will tell you. Is it legal, in VN it is legal.
Well, this happens in Australia too. If the government needs land to develop roads, highways or subdivisions then you’ve got to hand over your land, for compensation of course. So there you go, highly developed Australia is no different I’m afraid. 😟 😢
@@kathleenlynch1961 that means you are not understanding how government in VN works, it is more similar to China, far from Australia (love Australia, beautiful). VN official reclaimed these properties to redevelop, then sold these high prized assets to the highest bidders usually in conjunction with foreign investment companies with a local government subsidiary as a joint venture to redevelop hotels and resorts along the coastline. And they profiting the money 💰into their personal account. VN political party is going through major changes due to all the recent real estate/stocks corruption and scandals. Although VN is a beautiful country to visit and the local are very nice to foreigners.
@@Sly2C Of course my country is awesome and very highly developed. There’s no doubt about that. I have spent a lot of time in Vietnam, engaging with the locals. I do understand how officials etc can go down the wrong path. This does occur in my country but not as extensive as in Vietnam. As I wrote, it happens here as well. Different countries, same type of greed occurring at varied levels.
The prices seem to be getting more reasonable. 220k for 48sq m is not bad, but still not great. Vietnam got flooded with money when the China trade war sanctions started. Till the crash comes most of SE Asia is a better deal IMO.
better drop drop DROP the PRICE! WE AMERICANS are in a GREAT DEPRESSION! EU is HEADING to 3rd world status! China always wants a GREAT BARGAIN! Japan and S Korea are in deep economic crises for centuries to come! STILL PLENTY OF CORRUPTION in the Viet market! PLENTY OF CORRUPTION!
That's way to expensive, you can buy a bigger more luxurious apartment in the US for that amount. You can build a mansion in the phillipines and other retirement places for much less and live of the left over money for years.
The first project , the apartment doesn't come furnished, comes with internal A/C, terrible idea from experience, the management at VinHomes gives 2cents about fixing it. Does it come with appliances? I feel like she didn't fully understood the question because these were show units Also what's the current occupancy rate?
I thought Air B&B was illegal in Vietnam condos? you should mention what it’s like owning acondo there when the buildings full of short term rental tourists. Forget using the pool or gym. Even the lifts can be a challenge.
Such a price for 75 M2 simply doesn't make sense whatever the lady could try to convince potential buyers ! For the same amount I can also get a very very decent apartment or a small house in Spain or even South of France in the Provence. Prices must be related to purchasing pricing power and it simply doesn't match with the Vietnamese GDP. Besides as for the location, sorry but nothing really outstanding. It's simply delusional. I am not surprised that the lawyer spoke about a real estate crash in one of his other videos. And as a foreigner you get only a lease on the land for 50 years!!! It's looks and smells and walks like almost a scam !!!
Hey Duong, who 's in the right mind for Viet Kieu to buy any real estate in VN. I'd rather to rent and live briefly for where and when ever I like. Do not worry about commie's "sổ đỏ" or "sổ đen". I'm good to own properties here in Northern and Southern California and happy to keep my pension, 401k and roth IRA here in the States.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
I’m not amazed with the condominium but with the clear english speaking agent woman from Da Nang!.. amazing english skill!.
nhung toi ko thich b ay noi qua nhieu umh umh lam nhu ko dc lich su cho lam
Not in a million years i would invest anything in Viernam let alone real estate, the head aches and frustrations totally not worth it. Renting is the best way to live in Viet nam.
Good. Please stay away from vn real estate
Yes no inflation please
I agree, I think renting is your safest bet
That's why you don't want to buy anything without Ken. I bought in Portugal and the experience has been so horrendous I am only waiting for the deed signing and I am turning it over to n agent to sell. After my experience there, I could never live there. As a foreigner, I will only buy with a good lawyer. I won't even talk to anyone without a lawyer. BTW, Portugal doesn't compare with DaNang except perhaps Cascais.
The government has the power to change laws as they please.
Agent Amy is outstanding ❤
Great presentation skills 👏 excellent English ❤
... i would love to see her presenting other properties 😊😊😊
She needs to do her own real estate channel in English ❤
they don't tell you the dark side of owning the property.. corruption will be at your door once they find out you are a foreigner...or viet kieu....a couple of my friend find out the hard way.
Ken seems like a nice guy, but it's impossible to own property as a foreigner in Vietnam, impossible. there are 10,000+ stories of property being seized by locals from foreigners, even Viet Kieu.
Her English speaking skill is amazing
She must have been born or came to the U.S. at a young age.
@@Chris-uh7nm oz maybe.
@@Chris-uh7nm nahhh, she has never been living anywhere outside Vietnam ... but you are right, her speaking just like someone who live in US for a certain time
she have heavy viet accent,, but still better than uncle kennys
@@Chris-uh7nm hows that meth?
Amy is such a Great Host.
Im just glad they are actually finishing projects in Da Nang 🙏, so many incomplete buildings...
thank you mr.ken. look forward to meeting you soon in vietnam...good information is invaluable. great information is priceless
Great job Mr D - all good and pertinent questions relating to real estate investment. 👍
Thanks Ken for this clip and Amy with an excellent presentation 🎉🎉👍👍👍
Our pleasure!
Having lived in Vietnam for many happy years my advice for Westerners is to rent . Do not buy any property unless you have a Vietnamese spouse. Invest your money elsewhere for cashflow.
Yes, and say goodbye to your property if your relationship goes sour!
@@duongglobalbusinessconsulting There are steps the Westerner can put in place to mitigate the loss of property to their spouse if divorce occurs.
Of course there are, as we made a video about them as well. So, you are preaching to the choir here.
@@duongglobalbusinessconsulting That's why you marry a Vietnamese woman who doesn't need your money or needs a green card to the states. If the relationship is meant to work out at that point it will then the chances of having things go bad is minimal. But if you want to be superman and get a girl and her family out of poverty while looking like the typical expat, it might not be the best idea to put it all in her name.
@@jonwebb9022 exactly. If you have money and want to live in Vietnam, why not buying a house in the US. Rent it out. The rent money you get is more than enough to rent a nice place in Vietnam. Besides, renting will let you move from city to city anytime you want. And if you are tired of Vietnam and want to go back to the US, you still have a place.
Those condo rooms actually look like those of a 5-star hotel.
Amy is very knowlegable and her English is very good too 😊
500K USD can buy 2500 sq ft house just about anywhere in US. On a more reasonable level, you need to show apartment that is way lower in price. EG: 63m2 Masteri apartment in Ocean Park Hanoi is under 170K. 500k USD will buy you villas at same location.
500k nowadays gets u a place in the ghetto in the US. Anywhere descent is 1m+ now.
Ocean Park Hanoi, or any place in one of the most polluted cities in the world, is not even worth half of the price you mentioned.
@@ahhhhhhhhhhhhhhhhhh123 stop lying.
@@SPSquirtle NO ONE wants to live where 500k USD can buy you property, which is why they're 500k. He is right, anywhere decent (top 10 MSA) will be at lest 1m
@@dkang23 in NJ theres many beautiful houses in Amazing locations for $500k - $700k right across NYC, Long Island in NY also has many in amazing neighborhoods. Im speaking for east coast. West coast and Vegas might be more dodgy..
Thanks!
Thank you very much. We truly appreciate your support.
Thanks, Ken. I'm currently in Thailand and will be visiting Vietnam soon. Da Nang is a city I'm seriously considering moving to. I love ocean cities. ❤
Emmie is a great Real Estate agent in Danang Vietnam. Hopefully, you can have more videos about Danang and about Emmie. Thanks for this video.
Thanks
Thank you for your support!
This would pay for 1 minute of Mister’s time based in his rate.
I really like these types of videos. It inspires me a lot and gives a lot of valuable information. Keep up the good work!
Glad you like them!
The Vietnamese agent speaks English very well.
These are good projects for promoters! They should be paying very high commissions to find buyers to overpay! Like maybe 10 or 15 percents could go to sales team because markups seem very big! maybe in 3 yrs you can buy direct from desperate sellers for $85k same unit, if the seller can even sell.
Great content as always Anh Ken
Thank you! 😃
Agent Amy is so professional, her presentation is better than any other agents that I have seen In Viet Nam. She must have lived and studied over sea for her to be able to speak that good English. I will definitely look for her if I want to invest in real-estate in Da Nang
She never left Vietnam.
I just think she gives you a hard on…so 🤮
Good presentation 🎉
if someone is considering to buy in Da Nang, they really need to go there and rent for a long period. I say this from experience. I was looking for an alternative to Thailand. However, I could only stay in Da Nang for a month before I left. I really disliked it immensely. The contstant horns of bikes and cars, the crazy driving, the amount of people there was crazy, the hustle from vendors that never ended. There are a lot of other things, but i wont list. I dont want to put anyone off, just show reality. As I say, before buying, please visit and spend time there. Vietnam is beautiful. However, Da Nang..........not so much.
They use the honk benignly to alert and communicate with other drivers, if you don't like it in Da nang, you won't like it for the rest of VN, you better stay in Thailand.
DaNang is more chill than anywhere in VN, but for far smaller places. If can't handle DaNang, can't live in Viet Nam.
We obviously do not know the same Da Nang 😅
I’d suggest Quang Ninh Ha Long for you. It’s as good as any developed country, only cleaner.
It sounds like you don't want to live in a city or a country that is on the uptrend and growing. I like that and I'm retired. I like the animation, the lively atmosphere and the growth.
Hello Ken, I think it would be wise, for U to open up a "Tourist Guide Explorer," and a Simple Local Hotel," so that tourist like me and my family, can explore Vietnam with your Tourist Guide and also, can enjoy the scenery, What Vietnam can offer! Also, a place to stay, while visiting Vietnam. Places to eat, places to go explore, into the countryside. My sister in law, is Vietnamese. I think, she's from the North! Love the Food from North!
Been eating it since, she had introduced us to the North Vietnamese food! Love Buncha Hanoi, Bun Thit Nuong dish and Pho noodles. Thank U so much! GOD BLESS
Good video. 3 bedrooms. It really nice. But very expensive
I wonder if Ken take a gander from Da Nang to Hoi An, because there are so many uncompleted/abandoned construction projects along the way.
Always best to rent when living overseas. It’s exactly the opposite guidance from when residing in your own country.
The Nobu property seems like the bedrooms are small. Many units will become rental and the noise is that building will be loud with so many people moving in and out for their stay. Thank you for the tours and the camera work is great in showing us around very slowly. It's nice to see the detail and get prices.
The Filmore Da Nang has nicer fit and finishings than I remember. I saw it 2 years ago and didn't remember the quality being this good. Also, 2 years ago, I remember them telling me there would be no parking. The price per sqm was too high for me. All of the new beach front properties are selling for less per sqm. You really need to do a bigger overview of Da Nang's real estate condition instead of just an ad for 2 projects. I think a lot of people want to know what's going on with all the new beachfront properties that started during the pandemic. I know part of the story, but I want to hear what a lawyer finds out.
Ken, if your still in Da Nang, consider visiting my friend Duy's expanded new restaurant there called Flyburgers. He is one smart and very likable businessman. He is a Viet Kieu from Buffalo, NY. One amazing thing about him...he didn't come to America until he was 18, yet he speaks perfect English! For other great places, if your interested, let me know.
We are no longer in Da Nang, sorry.
@@duongglobalbusinessconsulting oh, sorry, to hear, Ken. Hope you enjoyed your stay in Da Nang!
Quite informative!
Glad you think so!
nice video, thank you
Any chance of doing a video on reasonably priced existing real estate rather than the new "greater fool" buys through developers that make all the money at the buyer's expense.
The agent has a gift of speaking English.
I am also interested in retiring in Da Nang. I will be there in September to also check out Phu Quoc and maybe Na Trang.
Just a note to clarify for all. Viet Nam is an interesting place to visit... but there is no "retiring" in Viet Nam. You will be a tourist subject to visa renewals and trips out of the country every 90 days.
Phu Quoc is good escape during rainy season but on long term is pretty boring, Nha Trang got nicer weather than Da Nang but not much to do... Da Nang overall is pretty much super well connected that's way is " perfect base " for many people to live in ....
In my humble opinion, Vietnam needs to be investing in cleaning up their rivers and streams instead of investing in luxury apartments ordinary citizens of Vietnam can't afford. That river may look nice from the 25th floor, but close-up will most visitors cringe!
I am sure it is cleaner than Seine river in Paris😂
ones the gov the other is private business.. apt bring in tax money
Here’s my advice: whether discussing politics or issues like trash removal from streets and rivers in Vietnam, you can’t express negative opinions, even if they are constructive. Such comments will likely provoke a negative response or sabotage. Only flattering comments are accepted, even if they aren’t true.😂
@@tango2usa1 I was in and around NYC some years ago. Except the CBD around Manhattan, all other working class neighborhoods aren’t any better …
@@DaiCaThanh71 communists ruin everything, even big cities in the west look like crap after commies start running policy
Buying is easy, wait until you are try to sell it. Man, it is the horrible experience. As foreigner, it is a very difficult finding another foreigners to buy your property. Please never listen to the promises of renting, they often tell their buyer high rental income that they would laugh about when they are at home. If you believed me, go buy it and find out yourself.
Why do you have to sell to other foreigners? Why can’t you just sell it to other Vietnamese?
@@hp4415because they cannot afford it unless they have western$$
Especially, you can own for 50 years only. Thailand is the place to park your money..
Esp in Vietnam, i would never buy a property on the sole basis of a demo. The Filmore is more promising. But i would rent.
Thank you! 👍
Any is great host
Where’s the sea view? From the clip’s title, I thought the building is on Son Trả beach district but it’s on Hai Chau district which is less desirable. Another excellent video from Kenny as he has a very good understanding of foreign/viet kiểu property ownership laws.
I have been there 3 times visiting and I am still nervous to park my money there!… I once remember a rich man told me not to go too far to make money you can do it here in the USA.
You should listen to the rich wise man
Very nice
Did I miss something, where are the washing machine and dryer located?
Next to the shoe-shelf.
Your audio in the unit seems to be a little off. Her's is just fine. Was your mic on?
Need to work on the camera and editing. I got a headache from the unstable panning.
Sales lady was excellent in explaining the detail. Should have a segment on ongoing costs, fees and potential unexpected outlay.
Should do a few more videos on different and affordable apartments and properties around Da Nang.
I’m wondering what would be the rental price. Around 1000$/month ?
10:07 cut to the chase
A ơi làm Quảng Ninh Ha Long Bai Chay đi. You’ll be surprised. It is as good as the best part of California. Even cleaner.
RENT ONLY, too many unknowns in Vietnam
Register, so easy. Has anyone ever gone to the local police office to register a local rental? Good luck with that.
$550/sqft on average is insane. I remember when I first visited Vietnam I was shocked at how expensive real estate was in relation to how much rent you could collect for that same home. For example a $350k home in Saigon that only rents for $300/month. In the US that $350k home would rent for at least $2000. I think this crazy real estate valuation has to do with Vietnamese experiencing generations of out of control inflation-- they would rather park their money in overpriced real estate rather than see their savings go to zero from currency devaluation.
Mr Dung sir - what if building have special assessments for foreigner in year 2 for $250,000 or $500,000 like, what do you do then? will you fight the HOA for the buyer? how many $350 hours you estimate for winning case?
LOL😅
Coolness.... subscribed.
Thanks for subbing
@@duongglobalbusinessconsulting Uhhh ohh... no freehold ownership for foreigners (50 years limit). That's a problem.
Any monthly fees or any other fees ?
Prices all over Vietnam now are over inflated already. Only 5-6 years ago everything was so much cheaper' and now prices inflate more and more. In Hanoi and Saigon it's lunacy to buy because the cities are so polluted, especially Hanoi, that no matter how luxurious the apartment and the area are, you cannot spend any time outdoors (for example, as green as EcoPark Hanoi seems to be, the air there is as polluted as in TayHo, which is the most polluted in Vietnam. Really bad). Danang is not as polluted, yet, but it's becoming worse and worse from year to year. So cheap, yes, maybe compared to the US, but it comes with a STEEP price. And you can find waaaay cheaper apartments, like 1000$ per square meter, in Cambodia for example. Vietnam is simply not the place to invest.
At the 35:15 mark, the Condo is 115 sq meters and later he estimates the price is about USD 5,000 per sq meter.
So that is USD 575,000, which seems very reasonable.
Way too expensive
Ken does a great job on information for condos. Question do the recent changes against air b&b affect our investments.
People looking at these opportunities like to see examples of down payments escrow fees mgmt fees and show the 6% fees HOA fees. Pleases think about this approach so you receive more business. Without these basic types of guides. Makes it easier to go to vietnam.
to Vietnam and
What are the recent changes?
Rent in Vn is a better choice, pay as you go. Buying real estate is a bad investment due to rules and regulations.
Thanks for all you offer
By following many of the offers, I noticed there is a great interest in safety and security, and this is a good thing, but it makes me feel insecure. My impression is that without the available security, my life will be threatened?
That's how I felt with all due respect.
I just buy a condo in huizhou china beach front also one hr from Shenzhen 62 S m 2 bedroom only 39,000 USD a lot of inventory no buyers maybe be same Chinese developer in da nang Kenny attorney business must be bad he is now in real estate.😅😂
39000$? are sure
Silver beach?
It’s a ghost town with tons of empty condos. BTW, it’s next to an aging gigantic nuclear power plant
This is perfect video for me, i was looking to buy between Thailand and Vietnam , look like the price are better in Thailand , visa are better . and Thailand look more advance in infrastructure....
If possible can you do a review of more villas or 3 bedroom homes for people who have bigger families.
I hope the host vlogger is reading the sincere comments below. It seem clear that this property is overpriced and could have potential ownership headaches. Also, the concensus is that renting is likely the best way to go. I am sure the host is aware of this. Still love this channel.
Don't shoot the messenger! We are just showing how the market looks like as requested by many viewers. We don't come up with asking prices.
Real estate in VN is in line with or even more cost than a lot of 1st world countries. It's a totally different economy in contrast to the real value of VND. a huge bubble.
@5:38 so freeholds are not possible for foreigners, only leaseholds. Complete turn-off. I guess Chinese investors won't mind.
Afternoon until sunset will have sunlight and that will be quite hot right?
Front units are definitely plain West... It means scorching heat 7 months a year... It is unbearable in summer.
The red carpet really throws me off.
That is to protect the floor while construction and people are visiting. Typical in SEA.
How much to rent. If available to rent
Too expensive. You can defo get better deals than this. Only 5% yeild is bad!
Just wondering. I am born and raised and still live in Canada. My wife is from the Tam Ky area. After I married her in Vietnam she came to Canada . She became a Canadian citizen. Would she be treated a a foreigner or local or a mix. BTW . I remember being with my wife by that swinging bridge
For retirement you don't need big space, but you also don't need big bill too. So if you buy a unit and you live in it for 30 years then sell to another foreigner, would the new owner get another 50 years of ownership? In Thailand new condos growing like mushroom and pricing does not appreciate.
No, he would get 20 years and renew it after that.
Great video and discussion but the math doesn’t make sense in terms of investment… if you take 200k and just put it in a CD on online savings you’ll get at least 5% of course that with rates high however even if u just put it in a index fund like the S&P your avg will be 8% not to mention any other high divined paying fund. So 200k @ 8% will net you 1600 per month and u can take that money and use it to rent a really nice place and have the flexibility without the headaches of dealing with hoa, renters or other. So although the property is super nice in terms of investment it just doesn’t seem worth it at those prices and the assumption that the property will double or triple over time is only hearsay and speculation could it yes but realistically once the newness wears off it’s no longer the crown jewel as there is always something newer and better that will be worth more while the new building now then becomes yesterdays news
I was planning to buy a property in VN. Not any more. The laws can be changed at any time without warning.
Foreigners are always in a BAD position. Rental is the best and safest way to go.
Buying condo in viet nam is a good idea when you decide to lived in vn with a Vietnamese wife but When it’s need any repairs which their responsible they try to scam you because they can see you are foreigners or viet kieu … sad
Can one get a retirement visa for Vietnam?
No @@samualcrocket1405
@@samualcrocket1405 no.
😮
@@Lucifer0007 There isn't much sense buying a condo as a foreigner if you are not allowed to live there.
Hello . In the first building The Philm Danang - approximately how much would an owner charge for rent on a one bedroom and a 2 bedroom for a year arrangement . I am a usa citizen that would live there. Thank you . Very Professional Video . 😊🎉
Does anyone know how much per month
to rent the 3 bedrooms unit?
What are the strata or HOA fees?
I used to climb on this type geometric dome in the playground when I was a kid. If I lived there, I would climb up there every day for fun that is until I fall and break my neck. 😂
thanks for the tour ,but a more reasonable project should have been showed . High profile was too high , Thanks
Is it true that real estate in Vietnam is a little different where the asking price is usually double what the market value is. Does that mean this condo might be able to be purchased for 150k instead of 300-500k?
Hi ken
Its a shame Vietnam has not got a proper visa for retirement. So i dont think you get many fori ers buying a codo in Vietnam.
I bought an apartment for my viet wife. After 5 years we went Malaysia because of our childrens education. So want to sell the vn apartment. But cannot send the sale proceeds to Malaysia. Its absurd.
Curious, why is that? which VN law specifically is preventing that? Because if there's such a law it would be extremely important to know.
Higher the price of the condos harder they will fall .
Better invest in Thailand property.
dont buy in either countries
All properties belong to the state enterprises, no one owns anything in Vietnam even if you paid for it. You actually pay for on a borrowed term, the government can step in to take your property when necessary for state functions, and though you can be compensate for it but not at current market value. It’s for the common good because all asset in VN “belonged to the people”, at least that’s what the official will tell you. Is it legal, in VN it is legal.
Well, this happens in Australia too. If the government needs land to develop roads, highways or subdivisions then you’ve got to hand over your land, for compensation of course.
So there you go, highly developed Australia is no different I’m afraid. 😟 😢
@@kathleenlynch1961 that means you are not understanding how government in VN works, it is more similar to China, far from Australia (love Australia, beautiful). VN official reclaimed these properties to redevelop, then sold these high prized assets to the highest bidders usually in conjunction with foreign investment companies with a local government subsidiary as a joint venture to redevelop hotels and resorts along the coastline. And they profiting the money 💰into their personal account. VN political party is going through major changes due to all the recent real estate/stocks corruption and scandals. Although VN is a beautiful country to visit and the local are very nice to foreigners.
@@Sly2C Of course my country is awesome and very highly developed. There’s no doubt about that.
I have spent a lot of time in Vietnam, engaging with the locals. I do understand how officials etc can go down the wrong path. This does occur in my country but not as extensive as in Vietnam.
As I wrote, it happens here as well. Different countries, same type of greed occurring at varied levels.
I'm from the US and my wife is vietnamese, is there any benefits to being married to Vietnamese person when buying real estate?
What’s the ballpark price of a 1 bedroom apartment/condo/house ?
The prices seem to be getting more reasonable. 220k for 48sq m is not bad, but still not great. Vietnam got flooded with money when the China trade war sanctions started. Till the crash comes most of SE Asia is a better deal IMO.
better drop drop DROP the PRICE! WE AMERICANS are in a GREAT DEPRESSION! EU is HEADING to 3rd world status! China always wants a GREAT BARGAIN! Japan and S Korea are in deep economic crises for centuries to come! STILL PLENTY OF CORRUPTION in the Viet market! PLENTY OF CORRUPTION!
Remember the foreigner ownership is for 50 years only
220k for 48sq ? I better buy an new house 1500 qf in florida for 300k but i am owner of the land and house.
@@HungNguyen-pf6no True, but the cost of living in Vietnam is a lot cheaper.
that's tiny
Can someone explain why all the hotels in da nang are all empty? It's a beautiful place.
Here: Vietnam Tourism CRUSHED, still BUILDS More Hotels!! (refuse NEW VISA!)
ruclips.net/video/bWd_Z6yjnw8/видео.html
That's way to expensive, you can buy a bigger more luxurious apartment in the US for that amount. You can build a mansion in the phillipines and other retirement places for much less and live of the left over money for years.
The first project , the apartment doesn't come furnished, comes with internal A/C, terrible idea from experience, the management at VinHomes gives 2cents about fixing it.
Does it come with appliances? I feel like she didn't fully understood the question because these were show units
Also what's the current occupancy rate?
I thought Air B&B was illegal in Vietnam condos? you should mention what it’s like owning acondo there when the buildings full of short term rental tourists. Forget using the pool or gym. Even the lifts can be a challenge.
Such a price for 75 M2 simply doesn't make sense whatever the lady could try to convince potential buyers ! For the same amount I can also get a very very decent apartment or a small house in Spain or even South of France in the Provence. Prices must be related to purchasing pricing power and it simply doesn't match with the Vietnamese GDP. Besides as for the location, sorry but nothing really outstanding. It's simply delusional. I am not surprised that the lawyer spoke about a real estate crash in one of his other videos. And as a foreigner you get only a lease on the land for 50 years!!! It's looks and smells and walks like almost a scam !!!
Will you be reviewing the plan for Sun Symphony on the Han river ?
No
That 50 year lease started when the developers broke ground so how long did it take to build
No. It starts when you first buy it
Hey Duong, who 's in the right mind for Viet Kieu to buy any real estate in VN. I'd rather to rent and live briefly for where and when ever I like. Do not worry about commie's "sổ đỏ" or "sổ đen". I'm good to own properties here in Northern and Southern California and happy to keep my pension, 401k and roth IRA here in the States.