Vietnam apartment prices cannot be reduced to a single number.
Key takeaways
- Ho Chi Minh City has published a list of housing projects foreigners may own.
- Foreign ownership period is up to 50 years from pink book issuance and can be renewed (Housing Law 2023, Article 19). Foreigners may hold for up to 50 years from pink book issuance and renew; resale to a Vietnamese transfers long-term (permanent) ownership.
- Resale to a Vietnamese converts to long-term (permanent) ownership, and the foreign ownership cap per building is 30% (Housing Law 2023, Article 19).
On this page
For example, if your landlord raises the rent during a lease in Thao Dien and you consider buying instead, market prices vary greatly by block, floor and handover condition. In that case, you should check actual purchasable units rather than list prices.
Why can't Vietnam apartment prices be a single number?
Vietnam apartment prices vary by city, new-build status, handover condition and block. Even within the same project, asking prices differ by floor and orientation.
Research institute figures are averages for new supply. Resale units and individual asking prices must be checked separately.
Where can price ranges be checked?
When comparing price ranges by area and property, distinguish between new-supply averages and individual asking prices.
| Area/property | Price range | Source and period |
|---|---|---|
| Hanoi new apartment average | 95 million–116 million VND/m² | CBRE, Q2 2026; new supply only, excluding VAT and management fees |
| Gladia Heights (Ho Chi Minh City) | Varies by tower. | Developer price list, June 2026 |
| Imperia Sky Park (Hanoi) | First-phase launch prices announced. | Developer first-phase sale, January 2026 |
What should foreigners check before price?
Foreigners can buy only from a developer or another foreign owner. They cannot buy from a Vietnamese owner (Housing Law 2023, Article 17, Clause 2).
Remaining quota is not publicly disclosed, so verify it before signing.
How should taxes and cash flow be viewed?
Personal income tax applies on real estate transfers. Tax is levied even if there is a loss.
Funds must move by bank transfer, not cash.
What must be obtained in writing before contract?
Before contract, confirm the following three items in writing.
- Remaining quota
- Seller type
- Pink book issuance status
Frequently asked questions
Once a foreigner receives the pink book, who can buy? Vietnamese nationals and foreigners within quota can buy. The remaining ownership period is transferred.
Please request the official price list via the Korean desk chat.
