An Overview of Real Estate Opportunities in Saigon

Ever since the macroeconomic environment of Vietnam has stabilized in the recent years, it opened doors for business and real estate investment, especially for a lot of foreign investors who are scrambling to get the best deals for property in Ho Chi Minh City.

Additionally, the growth of telecommunications, manufacturing, and clothing export has helped in the growth of the economic environment that was previously reliant on agriculture alone. Competitive costs in foreign investment has also attracted a lot of people looking for a new place to call home or to invest in real estate and business.

Forms of Investment

There are several forms of investment in Vietnam that you might want to consider such as the following: investment through contractual arrangement, new legal entity, business cooperation contracts, public private partnership, share or capital acquisition of any existing entity, investing through intermediary financial parties, securities investment funds, and the acquisition of shares/bonds/share certificates and others in stock exchange.

A foreign investor might also want to consider other forms of commercial presence in Saigon such as foreign business entity branch, limited-liability company, partnership, joint-stock company, and a representative office. What facilitates a competitive foreign investment environment in Ho Chi Minh City is the investment incentives in Vietnam that are based on the location of existing or new project launches, type of business industry, qualified investment projects, and engaging in businesses that support industries.

Real Estate Investment

One of the most lucrative investments today that is popular among buyers from Singapore is realty estate and property investment in Ho Chi Minh City. A foreign investor from Singapore or any other foreign country who has a three-month residence or tourist visa in Vietnam can own a property or land through a renewable 50-year lease. It is also less strict for foreigners in Vietnam to buy a home unit in HCMC. However, there is a limit as to how many residential units a foreign buyer can own, say, in district 1 or any other district in Ho Chi Minh City. Freehold ownership is also not permitted, and land can only be leased because the land is collectively owned by the state, hence the 50-year lease with an option for an extension.

It is also not possible to own more than 30% of the residential units within a building or more than 250 houses, say, in district 4 of Ho Chi Minh City. This means that you can own more than a hundred apartments and houses, but not within the same ward or district. The same rules apply not just for Saigon, but also in other big cities in Vietnam such as Hanoi.

Property Taxes

Land tax between .03% to .15% is paid depending on the land size and value. If there are any profits made in the property, the owner has a capital gains tax of .15%.

Many investors in Ho Chi Minh City buy property for sale in a beautiful place at Lancaster Lincoln in HCMC at District 4 to have them rented out. Remember that rental income tax is at 20%, but if you wish to transfer a real estate property, there is a 5% value added tax on top of a registration fee of .05% based on the property buying value.

Most foreign investors have encountered no problems when it comes to owning and leasing land and other properties in Vietnam, especially in major cities like Ho Chi Minh City where several new project launches are common. However, it is advisable that you take your time to research about the real estate resellers and developers before buying a property for sale. Most of the risk come from resellers rather than new housing and apartment developments because there are issues that might not be evident at first.

Ho Chi Minh City

So, why is Ho Chi Minh City so popular for estate investing among foreign investors? That is because most businesses and opportunities are found here. Real estate investment in particular is a booming industry, especially in popular districts such as Saigon, District 4, where Millennium properties just completed a launch and where expats and investors are commonly residing or managing a business.

The competitive rates, the fast expansion of industrial and commercial development, and the overall improvement of the infrastructure make Ho Chi Minh attractive to foreign investors. With its total of 19 urban districts and 5 suburban districts, it is no wonder the city is continuously expanding and improving.

The Phases of Website Design and Development

The process of website design and development involves several steps or phases. Usually, it begins from gathering all important data, then to planning, and finally to the creation of the website. After this, the website will have to be tested and maintained to make sure that it incorporates the right trends and latest developments in web design. The way designers carry out every phase of designing and developing a website usually varies to some extent, but in general, this are how it’s done:

Information Gathering

Basically, this is the first and most important step in order to design a successful website. This phase is aimed at obtaining a solid understanding of the business or the company the website will be created for. Usually, the client will be asked about the purpose and goal of the website: does it intend to sell a product, promote a service, or provide information? It is also very important that the designer knows who the specific target readers or visitors are, so as to determine the most suitable design style. Another important thing is your integrating the design with the website’s textual content.

Planning

This second phase is aimed at developing a site map, making use of the information gathered from the first phase. The site map lists all the pages of a website that will be accessible to users. As a guide to the website’s content, the site map is the key for visitors to navigate the site easily, which improves their user experience and give them a positive impression of your website and your brand. During this phase, the designer and the client works together to decide what elements should be used on the site, such as shopping carts, flash, interactive forms, and various others.

It is also during this stage you can start working with a creative agency, like Chun Tsubaki a brand creative specialist that is based in Singapore, to come up with graphic design ideas that fit your business’ image.

Design

In the design phase, it is very important to note the target audience of the business. As previously stated, the target audience has a great influence to the choice of design style. For example, a website with art aficionados as the target audience will look much different compared to a website for sports enthusiasts. At this phase, the designer creates several prototypes or mock-ups for the website for the client to see and give comments to. This gives the client different options, while the designer gets to explore different styles and effects.

Development

This fourth phase is centred on finally creating and testing the website. The design approved by the client will now be translated into codes by the designer or a programmer. In most cases, the website’s home page will be developed first to make the site technically active and give any visitor some idea of what’s in store. Creation of the interior pages then comes after. During this phase, the designer shall make the website “in progress” accessible to the client for viewing. Reactions, concerns and suggestions are strongly encouraged in this phase in order to develop an excellent website.

Testing and Delivery

To ensure the optimal functioning of the website, the designer will check the site and observe any errors by visiting all web pages and test out all its features. Compatibility issues are settled during this phase to make sure that the website can be viewed and accessed properly in all browsers, and that the site will still function even if there are any external changes (particularly regarding browser updates). As soon as the client gives the final approval, the website is now delivered to the client’s server. A last run-through of the website is conducted to confirm that it is fully functional.

Collaborating with a professional web designer will make this process a lot easier. Know more about Chun Tsubaki and the branding services they offer to businesses and individuals from Singapore. With an expert as a partner, you will never go with your website design and development once it has been delivered to your server.

Maintenance

Once the website has been launched, the designer will still continue to work with the client. This is to update the website and to incorporate the latest developments so it can serve the changing needs of the users. Both the client and the web designer can suggest and implement changes based on the demands of the website’s visitors. People will always look for something new, and so the website should also be updated on a regular basis.