I believe Malaysia allows ownership of the land as well as the building.

Great video - very informative... is rental income taxed? and if so how is it calculated? Thanks and look forward to more vids!

@CentralVietnamRealty

4 ай бұрын

Thanks for the questions Mr. So - rental income is taxed at a flat 10% (5% VAT and 5% personal income tax).

great video, too bad the sound was kinda off. But ill be looking for CVR once we arrive to Da Nang

@CentralVietnamRealty

2 ай бұрын

Sorry about that! We'll try to fix it up on future videos. Look forward to connecting once you're in town!

Hi! This was really helpful! One question: you mentioned anyone could buy property on any visa, did you mean just the temporary residency visa, or tourist visas as well?

@CentralVietnamRealty

4 ай бұрын

Thanks for the question Anna - Tourist visas are also acceptable for property purchase!

Do you have a web site to look at the condos my wife is from Ho Chi Minh City and we are looking to buy but what to see different pieces thank you from Elkhart Indiana

@CentralVietnamRealty

4 ай бұрын

Thanks for the question! You can find our websites here: cvr.com.vn/ luxurypropertydanang.com/ Feel free to reach out directly via email for more details as well: info@cvr.com.vn

May i know if foreigner buying an condotel apartment can get pink book registered ? Understand apart for Altara Suites, most project near my Khe beach are under long term lease for foreign investor

@CentralVietnamRealty

3 ай бұрын

Thanks for the questions! Most condotel projects now selling under Long Term Lease ownership for foreigners. Vietnamese may be able to get commercial pink books in condotels as per the 2021 legal update, but in practice they are not available yet. Residential condo towers still selling under Sales and Purchase Agreements for foreigners and will lead to pink books. Altara Suites foreigners are able to sign Sales and Purchase Agreements as well and transfer SPA contracts at the local notary office.

Is it true that their real estate market is going through a heavy correction? I am trying to invest and gaging is its a good time especially for pre sale condos. I sent you an email and looking forward to hearing back Israel

@CentralVietnamRealty

4 ай бұрын

Thanks for the questions - It is true that the correction of COVID and 2023 extremely high interest rates is coming to the end. As tourism is back, manufacturing is up, and interest rates are at all times low, many are expecting a lot of upside for investors in next 3-5 years. I don't believe we have received your email! Could you send directly to the email below? Thank you! austin.weyers@cvr.com.vn

Why are properties in Vietnam expensive when compared to other developing countries in the region or even western countries? I can get a much better and bigger house in the UK than where my wife is from in Vietnam.

Why would anyone buy a home in Vietnam when they can't own the land ? Seems crazy that anyone would want to spend money to only own the depreciating part of the ownership.....the building....and not the potentially appreciating element....the land.

I've noticed in my preliminary search that two-bedroom condos seem to be the norm. I was seeking a studio or one bedroom in a new building within walking distance of international restaurants. Both to live in, up to three months a year, and as a turn-key rental. Does that type of condo exist?

@CentralVietnamRealty

4 ай бұрын

Thanks for the question BM - yes there are a lot of opportunities that would fit this description. Feel free to reach out directly for more information and specific listings info@cvr.com.vn

@Christina0212

3 ай бұрын

Hello Bruce! It's a pleasure to meet you. I'm currently selling my property in Vung Tau. It's a fantastic location, right by the beach, and it's less than a 2-hour drive from HCMC. Feel free to send me a direct message if you're interested in discussing further.

@CentralVietnamRealty

3 ай бұрын

Hey @@Christina0212 - we'd be happy to help with the sale of your condo in Vung Tau! If you wouldn't mind sending an email to our address with some details, hopefully we can be of assistance. Info@cvr.com.vn

Is it possible to open a bank account on a tourist visa when interested in buying a condo?

@CentralVietnamRealty

4 ай бұрын

Thanks for the question BM - yes it is possible to open a bank account in Vietnam with a tourist visa!

sound quality is kind of crappy

@CentralVietnamRealty

4 ай бұрын

Thanks for the tip! We will try to clean it up next time

Hey Austin, I'm going to be in Da Nang in early May. I am interested in buying some property. Are you going to be in the office and available for a meeting?

@CentralVietnamRealty

3 ай бұрын

Hey Violaracer - Austin will be available in Da Nang early May for a chat and a coffee before heading out to inspect some property. You can connect with him directly here : austin.weyers@cvr.com.vn Thanks!

@violaracer8168

3 ай бұрын

@@CentralVietnamRealty That sounds great. I will connect.

Bro I see you at the at the monarchy basketball court

@CentralVietnamRealty

4 ай бұрын

Hey Yong - say hi next time!!

If you own a property in Vietnam will it help to increase your visa permit duration?

@CentralVietnamRealty

4 ай бұрын

Thanks for the comment JJ - the current visa law does not allow for residency or longer visas with property ownership. This of course is subject to change and has been a topic of discussion in past years

What banks are your 'preferred' banks?

@CentralVietnamRealty

2 ай бұрын

This question really depends on your banking goals, but overall Sacombank is very foreign friendly and allows a lot of amenities that other banks don't

@spokeman

2 ай бұрын

@@CentralVietnamRealty Thanks

So does that mean you don’t really own property in Vietnam? You can only lease that piece of land for 50 years?

@CentralVietnamRealty

Ай бұрын

Vietnam currently offers an ownership term of property for 50 years, extendable upon expiry.

What about the visa to live there?

@CentralVietnamRealty

3 ай бұрын

Hi there! The visa situation greatly depends on your nationality. You can get a glimpse from this post: visaguide.world/moving-to/vietnam/

Are you saying that foreigners can own the properties for 50 years and then have to forfeit the ownership?

@CentralVietnamRealty

3 ай бұрын

Thanks for the questions Betserv - currently the law allows foreigners to extend their ownership after the 50-year expiry. Foreigners also have the right to transfer their ownership to Vietnamese who would own the condos freehold and therefore the duration of ownership does not affect them.

@betserv.1187

3 ай бұрын

@@CentralVietnamRealty To extend the ownership, do foreigners have to pay more or less the same amount of purchase price? Or just a nominal fee?

@CentralVietnamRealty

3 ай бұрын

Thanks for the comment and question! It is unclear at this point as it is not written into law. Though there has been discussion about some small % land use extension tax based on the value of the property for extension.

@betserv.1187

3 ай бұрын

@@CentralVietnamRealty Similar country like Thailand allows foreigners to buy freehold condo apartments and own them permanently. No wonder I hear more about foreigners buying condos in Thailand than in Vietnam.

@Catalonia

20 күн бұрын

Is there a way to finance these using U.S. loans? (As a US Citizen). Is this a thing? Or is it just cash buyers?

Good video, but the audio is really bad - it is very hard to hear/understand you

@CentralVietnamRealty

2 ай бұрын

Thank you for the comment! We will try to clean this up on future videos

Americans can't buy freehold in Vietnam. We can not even on the land itself only the apartment. And we can't get a retirement visa. Who wants to get married?

@CentralVietnamRealty

3 ай бұрын

You are correct as the current situation! Of course all of these items are subject to change in the future. Residential purchasing was only approved 9 years ago in Vietnam and the country is developing quickly

Promo SM 😄

Bad audio

@CentralVietnamRealty

24 күн бұрын

We've recently got a new mic - next videos should all be better! Thanks for the advice