Buying property in Ho Chi Minh City, Vietnam’s fastest growing city, has been a trend among local and foreign investors. Prime spots in Saigon such as the busy urban districts have been the focus of residential and commercial developments in the past few years. What makes property investment in Ho Chi Minh City attractive is that foreign investors can still find good locations to invest in that are affordable and will appreciate in value in the next several years.
Major investments and infrastructure developments in Saigon will further the investment frenzy, that is why it’s the right time to invest in property while there are still a lot of premium and quality deals.
These are the five best districts in Ho Chi Minh City you should consider for property investment.
Districts 1 and 2 offer a lot of investment opportunities but are overcrowded and have a high cost of living, that is why District 3 or Quan 3 offers a better alternative for investors who want the convenience of being in the center of the city but still have a quiet home to settle in.
District 3 is known as the most stylish district among the urban districts in Ho Chi Minh City because of the colonial French-inspired architecture interspersed with traditional and modern Vietnamese themes. The area is also popular for a number of bars, markets, and high-end residential projects for expats. The average rent is slightly lower than that of District 1, but you will still get the same value and quality for your money. Housing in District 3 is more affordable, but there are classy neighborhoods for those who can afford the lifestyle. Apartment rentals are also available at competitive prices and there are fully-furnished units with quality amenities and services.
Transportation is easy because you can get to District 1 within walking distance and you can take the bus if you need to go east or west of Ho Chi Minh City.
Facilities and offices in District 3 make raising a family easy because the are has plenty of world-class restaurants, shops, markets, hospitals, and recreation venues. The nearest hospitals in District 3 are the Family Medical Practice and International SOS Vietnam, while the best schools and universities are British International School, Bell Vietnam, and ILA Vietnam.
District 7 is perhaps the most well-known expat area in all of Ho Chi Minh City because it has the most number of international schools, hotels, restaurants, residential complexes, and shopping malls. Nightlife here isn’t as colorful as in the other districts, but it’s also quieter than District 1.
District 7’s investment projects mainly target high-income individuals and families, with offers of stunning villas and high-rise apartment complexes with a variety of amenities and services. One disadvantage, however, is its distance from the center of Ho Chi Minh City, but the roads are less crowded and clean and there are several bus stops to get to the other parts of the city.
Villas and apartments cost more in District 7 because the development aims at catering to a luxurious lifestyle. This also means that the area has plenty of Western markets and imported products, restaurants and cafes, and shopping malls. You can find almost any type of cuisine here in District 7 with its array of international fast food joints and world-class restaurants.
For years, District 10 has been known as the district for students and backpackers because the cost of living here is more affordable than that of the other busy districts in Ho Chi Minh City. District 10 is safe and budget-friendly, but it has a lively nightlife and crowded streets, making transportation a bit of a challenge. It’s also close to District 1, which means that you can get to the office within minutes from District 10.
Rental rates for apartments and houses are affordable, with plenty of options for those who want the high-end units. This is also the perfect district to stay in if you are studying at a university or international school in District 1 because commuting is easy. Hospitals and supermarkets at District 1 are accessible and are only a walking distance away, too.
What makes District 10 also attractive is its array of street food options for those who love traditional Vietnamese dishes. The best barbecue in Ho Chi Minh City are found here, plus there are plenty of coffee shops that serve cakes, tea, coffee, and other sweets. Other highlights of the city include the large flower market and traditional medicine shops on Ho Thi Ky and Hoang Du Khuong Streets.
Tan Binh District
The Tan Binh District is popular among expats who are planning to stay in Ho Chi Minh City for a long time. In fact, you will find most residences of foreign entrepreneurs and employees here because it’s located near the center of the city.
There are plenty of options for rental and long-term property investment in Tan Binh because it caters to both middle-class and executive types. There are also cheap units for those who want to save on the rent. It also has plenty of small businesses and shops for those who want to find employment.
Travel is very convenient from Tan Binh to District 1 because of the number of bus stops in the area. Dining and shopping are easy and affordable because the area has several supermarkets, restaurants, street food stalls, and local eateries.
Phu Nhuan District
Phu Nhuan District has a significant population of expats but it’s also quite crowded because of the number of backpackers, tourists, and airport employees living in the area. This make renting and investing in property easier than in other high-end districts because there are plenty of choices from serviced apartments and shared rooms, to villas.
Travel is easy if you use the bus stops, as well as getting to airport and other markets and shops within HCMC. Reasonably-priced goods and food are available for everyone, whether it’s Vietnamese food or Western fast food.
It also has world-class health facilities, shops, schools and universities, and bars for those who love the nightlife.