Is it possible to buy an apartment under 1 billion VND in Ho Chi Minh City?

Ho Chi Minh City is a place with outstanding economic growth and the largest population in the country. The real estate market, especially the apartment segment here, is also very vibrant, attracting a large number of customers as well as large and small investors. Due to the increasingly limited supply, apartment prices are increasing. According to recent data from Cushman & Wakefield Company, apartment prices in Ho Chi Minh City have increased continuously, the updated prices at the end of 2022 are: Class A apartments: around 85 million VND/m2, Class B apartments: around 40 million VND/m2 and Class C apartments: around 27 million VND/m2.

Therefore, buying an apartment under 1 billion VND in Ho Chi Minh City is a difficult problem to solve. However, if you are willing to search, go far from the central districts, and accept small apartments, buyers can still choose an apartment that suits their budget.

Apartment projects in Ho Chi Minh City under 1 billion are mainly concentrated in districts such as Binh Chanh, Tan Binh, District 2, District 9. For immigrants or young couples with finances under 1 billion, you can refer to the 5 projects below.

Diyas Sky

This apartment project is located at 16 Nguyen Duc Thuan, Ward 13, Tan Binh District. The selling price is about 26-33 million VND/m2.

Diyas Sky apartment is introduced by investor CT Group as an affordable living solution for creative and dynamic young people with prices starting from 800 million VND.

The project is only a few hundred meters away from Cong Hoa Street, the main artery of Tan Binh District. From the project location, residents can quickly move to Terminal 3 of Tan Son Nhat Airport, District 3, District 1...

Because it is located in the center of Tan Binh, the project inherits all the surrounding external facilities such as: BigC supermarket, Tan Binh labor cultural house, clinic, hospital, Hoang Van Thu park, Gia Dinh park, Plaza, Pico...

Not only that, the project also has valuable internal facilities such as: Children's playground, gym, outdoor lobby, smart parking lot, common room, library, playroom...

Diasky Apartment

The apartments at Diyas Sky are currently being offered by the investor with a new price starting from only 861 million VND/apartment. However, Diyas Sky is a mini apartment and can only be owned for 30 years, the condition for purchase is having temporary residence in Ho Chi Minh City. In addition, the management fee at the apartment is 8,000 VND/m2.

The Pegasuite 2

The apartment building is located at Ta Quang Buu Street, Ward 6, District 8, Ho Chi Minh City. The selling price is 38 million VND/m2. The Pegasuite II project was launched by the investor PVINVEST with the goal of providing high-end apartments located in the center of District 8 in a youthful, modern, convenient style and focusing on green areas.

The Pegasuite II Apartment

The project is located on the main road frontage of Binh Tien Bridge, Ta Quang Buu, Vo Van Kiet Avenue and adjacent to District 5, District 1 and District 6. With this location, residents can move to other areas in the city and easily access existing services such as: AEON Mall District 8, Binh Tay Market, Cho Ray Hospital, Crescent Mall, Phu My Hung Urban Area, schools of all levels...

Internal facilities include gym, swimming pool, shopping mall, spa, supermarket, coffee shop, golf course, children's park, nursery...

Apartments at Pegasuite II are sold on the market at a price of 35-42 million VND/m2. With this price, buyers need to have a budget of less than 2 billion to own one. However, with a budget of about 1 billion VND, buyers can only choose an officetel apartment with an area of ​​23-40m2 with a price of 990 million VND.

Ehome S Phu Huu

The project is located on the frontage of Song Hanh Highway Long Thanh - Dau Giay, Phu Huu Ward, District 9. Although located far from the center, the project owns synchronous infrastructure and perfect traffic network.

Ehome S Phu Huu Project

The project has a selling price of 24-36 million VND/m2. Ehome S Phu Huu is planned by investor Nam Long based on 3 criteria: Economical design, optimization, civilized community, targeting intellectuals and office workers. The project has internal facilities such as: Gym, health care area, primary school area, landscape lake, swimming pool, commercial area, square,...

Currently, the Ehome S Phu Huu project is selling a small apartment of 40m2 with a 1-bedroom design, unfurnished, for 980 million VND. Or customers can spend an additional 120 million to own a furnished apartment.

Le Thanh Twin Towers

Located on Ma Lo Street, Binh Tri Dong A Ward, Binh Tan District, Ho Chi Minh City, the project's apartments are priced from 20-23 million VND/m2. Le Thanh Twin Towers was built to meet the needs of middle-income earners. The project focuses on modern design, ensuring light and cool wind to bring a sense of relaxation to residents.

Le Thanh Twin Towers Apartment.

Le Thanh Twin Towers is located on Huong Lo 2 Street, 3.5km from Dam Sen amusement park, this is a convenient location near a bustling residential area. The project also has synchronous utilities, meeting basic needs such as restaurants, supermarkets, swimming pools, shopping centers, tennis courts...

Currently, the reference price of Le Thanh apartments ranges from 680 million to 1.4 billion VND. Buyers have many choices of area such as: 38m2 apartment priced at 770 million VND, 32m2 apartment priced at 680 million VND, 40m2 apartment priced at 800 million VND. However, the project is subject to a 49-year lease contract, meaning that the buyer does not have ownership rights but only has a stable residence for 49 years.

Apartment project Vinh Loc Apartment Complex

The project is located at 68, Huong Lo 80 Street, Vinh Loc A Commune, Binh Chanh District, Ho Chi Minh City. Selling price from 20-21 million VND/m2.

The project is located in Vinh Loc A commune, Binh Chanh district, where there is rapid development of shopping malls, industrial parks, supermarkets and Tan Son Nhat airport about 7km away. In addition, the project is adjacent to major roads such as Phan Van Hon, Truong Chinh, Cong Hoa, Le Trong Tan...

Vinh Loc Apartment

Although the project has a low price, Vinh Loc apartment is still fully equipped with modern internal utilities including: Landscape lake, primary school, supermarket, shop, security system, shopping center...

Regarding price, Vinh Loc apartment complex offers the market a quite suitable selling price of only 750 - 800 million VND for a 1-bedroom apartment of 38m2, 850 - 950 million VND for a 2-bedroom apartment of 49m2...

Notes when buying an apartment in Ho Chi Minh City under 1 billion

Cheap apartments in Ho Chi Minh City always attract a lot of attention from home seekers, especially those with low-middle income. However, buyers also need to pay attention to other factors to ensure the quality of life.

Financial capacity

Whether buying a low-cost or mid-range apartment project, your financial ability is still an extremely important factor. Buyers need to clearly determine their income level, available funds as well as daily living expenses to balance their financial resources. From there, avoid violating the terms of the contract such as late payment issues.

Buyers need to determine whether the available funds are enough to pay for the value of the house and whether they can borrow more from relatives and friends. If they cannot borrow, they should consider a bank loan. Note that some banks support buyers to borrow up to 70 - 90% of the value, but according to financial experts, they should not borrow more than 50% to avoid debt pressure that affects the quality of life.

Carefully survey the legal status of the apartment

Cheap apartments here are usually apartments with prices under 1 billion, this price is affordable compared to mid-range and high-end apartments. But when buying a house, we still need to carefully survey the legal factors. In fact, there are types of cheap apartments being sold such as cheap apartment projects, social housing and 50-year ownership apartments.

Consider the project location carefully

When you want to buy any apartment project, you must determine the distance from the project to neighboring areas, whether the traffic is convenient, whether the city center is far away... In addition, you need to pay attention to the available internal and external utilities, consider the direction of the house, whether the feng shui is suitable, how is the interior design of the apartment, how is the parking basement...

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Source: https://vtc.vn/co-the-mua-chung-cu-duoi-1-ty-dong-o-tp-hcm-khong-ar800804.html