Buying an apartment or land in HCMC

decent02 · #1 05-09-2013, 04:40 PM

Need some seniors advice on this.
Let's say I purchase a condo in HCM under my name
As a foreigner, it will be a leasehold of 60 years.
Is it possible to transfer or sell at zero cost the condo to my maybe future bx after a period of time let's say 20 years and she will then be entitiled a freehold property since she is a local.

I know a lot of seniors will say that rent is a better option. But if I have kids in future, then they could inherit a freehold property...Also I do not want to put my future bx name immediately after I purchase the property...

decent02 · #2 05-09-2013, 04:55 PM

or if I buy a land with 50 years lease
could i resell the landed property to a local ?
Will that local obtain a freehold property ?

Ken79 · #3 05-09-2013, 10:40 PM

leasehold and freehold property is non-interchangeable, so its either u stick with the 60 years leasehold under your own name or buy freehold under your wife's name.

decent02 · #4 05-09-2013, 10:52 PM

That means foreigner can only sell a property in vn to another foreigner.
Coz No locals would want to buy from a foreigner

volcano · #5 06-09-2013, 08:05 PM

i thought this issue has been discussed many times already..do some search in the forum and u will be able to find it.

btw its 50 years and not 60 years for foreigners..and isnt it more appropriate for u to consult a property agent rather then asking in a sex forum...

decent02 · #6 06-09-2013, 08:24 PM

Quote:

Originally Posted by volcano

i thought this issue has been discussed many times already..do some search in the forum and u will be able to find it.

btw its 50 years and not 60 years for foreigners..and isnt it more appropriate for u to consult a property agent rather then asking in a sex forum...

Is 50 to 70 years .... news came out recently which is still in proposal.

ColdBlood99 · #7 07-09-2013, 06:53 AM

Quote:

Originally Posted by MrStyleKing

Bro you can PM me, besides being a Food & Travel Editor and Blogger, i am also a property agent..

Bro simi ma eh sai ah?

sammyboyfor · #8 07-09-2013, 12:47 PM

Quote:

Originally Posted by decent02

Is it possible to transfer or sell at zero cost the condo to my maybe future bx after a period of time let's say 20 years and she will then be entitiled a freehold property since she is a local.

Anyone who thinks their wives/partners are still going to be with them 20 years down the road is either very naive or very optimistic.

volcano · #9 07-09-2013, 04:52 PM

Quote:

Originally Posted by decent02

Is 50 to 70 years .... news came out recently which is still in proposal.

u have already say that its new proposal..so where did this 70 years come from at this moment...

it is still 50 years now..and the paper work is not as easy as it sounds

volcano · #10 07-09-2013, 04:53 PM

Quote:

Originally Posted by MrStyleKing

Bro you can PM me, besides being a Food & Travel Editor and Blogger, i am also a property agent..

u r property agent in HCMC...

sammyboyfor · #11 07-09-2013, 04:56 PM

Quote:

Originally Posted by volcano

u r property agent in HCMC...

He's a multi-talented individual whose empire spans the world.

alan1999 · #12 11-11-2013, 07:40 PM

Bro, i understand what u r going through now.
I have been in HCMC for the last 4 years. Really not into buying any apartment at this moment.
The law in Vietnam changes every now and then.
Till today, i still rent a condo in dist 8, nice and quiet place.

Golden question · #13 12-11-2013, 09:42 AM

Quote:

Originally Posted by sammyboyfor

Anyone who thinks their wives/partners are still going to be with them 20 years down the road is either very naive or very optimistic.

Haha boss,i like your sentence
100% agreed

Hwei6969 · #14 12-11-2013, 02:35 PM

You buying for your mistress ah?

BastardLeongsam · #15 12-11-2013, 08:22 PM

Quote:

Originally Posted by alan1999

Bro, i understand what u r going through now.
I have been in HCMC for the last 4 years. Really not into buying any apartment at this moment.
The law in Vietnam changes every now and then.
Till today, i still rent a condo in dist 8, nice and quiet place.

-----------------------------

Since you said u been renting and staying in VN for 4 years, I have a question.

For a single one person staying in Vietnam, if including the rental costs and all his living/food expenses, every month will exceed SGD $1900 or not??

I'm a single guy in my 30s. I'm thinking of taking a long break to go Vietnam to stay for up to one two years. I currently am the sole owner of a apartment in spore, I intend to rent out my this apartment and after deducting the monthly loan instalment to the bank from the rental yield of my apartment, I will still have a spare SGD $1900 every month.

I currently have SGD $80,000 in my bank account but I totally do not want to touch my this $80,000 at all.

Hence my question is for a single 1 person if he do not work and just taking a long break in Vietnam, is SGD $1900 enough to cover all the rental and living expenses/food expenses in Vietnam every month??