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[eddy72]

Is it good to buy condominium in saigon district 9?

[snipeshot08]

Originally Posted by seabass

You analysis is good but only one dimension. Another worrying perspective is like this : the hum that ah loong is referring to is spiciness of a dish and in colloquial Hokkien ‘Mai Hiam’ means hold the chilly. A leader so divorced from the populace making a weak attempt to connect is problematic symptom of an elitist party

Wah that gigantic hum can move so fast meh??? The GIF been speeded up or fed Viagra???

You anal-lyse too cheem liao, I dowan to think too much or else defeat the purpose of my tokking cock here......

Cheerios......SS08 ^_^

[snipeshot08]

Originally Posted by langpalang

At night also busy

Win liao lor.....

I every night in HCM also busy................busy with tapao-ing.....

Cheerios......SS08 ^_^

[snipeshot08]

Originally Posted by eddy72

Is it good to buy condominium in saigon district 9?

Actually to each his own cos everyone will have their own thoughts & analysis as to when & where to buy sometimes I see some even arguing until like life & death situations on forums with each claiming too be very knowledgeable but they only regurgitate what they have read from others whom they perceived to be knowledgeable which those other people also actually read from others....ETC & the vicious cycle goes on.....

There are a lot of things that I should have taken the risks/plunge years ago and I chickened out due to uncertainties & differing opinions & I have regretted some of them until today

In simple words take calculated risks if you can afford the money as long as those are additional funds you can afford to spend (not borrow or clear out your savings) and/or if you are buying for somebody else (which please don't as it undermines relationship esp if it is a Viet spouse)

Cheerios......SS08 ^_^

[Hurricane88]

Originally Posted by eddy72

Is it good to buy condominium in saigon district 9?

If you are referring to Vinhome Grand Park, go ahead...anyway still not open to foreigners sale...

Offer price maybe around 34 to 35mil psm...

Also refer to SS08 posts above about warning...

A group of us bought in the west of hcm last year around 20mil psm...but those lobang will never come back becos Akari City launched recently phase 1 and fully sold out at around 31 to 33m psm...

[langpalang]

Originally Posted by Hurricane88

If you are referring to Vinhome Grand Park, go ahead...anyway still not open to foreigners sale...

Offer price maybe around 34 to 35mil psm...

Also refer to SS08 posts above about warning...

A group of us bought in the west of hcm last year around 20mil psm...but those lobang will never come back becos Akari City launched recently phase 1 and fully sold out at around 31 to 33m psm...

2 bdroom no longer can get less thn sg 100k leow...

[eddy72]

Originally Posted by Hurricane88

If you are referring to Vinhome Grand Park, go ahead...anyway still not open to foreigners sale...

Offer price maybe around 34 to 35mil psm...

Also refer to SS08 posts above about warning...

A group of us bought in the west of hcm last year around 20mil psm...but those lobang will never come back becos Akari City launched recently phase 1 and fully sold out at around 31 to 33m psm...

Bro, that mean as of now.. The condo that u buy already earn at least 11 per sqm if u sell now..

[snipeshot08]

Originally Posted by Hurricane88

If you are referring to Vinhome Grand Park, go ahead...anyway still not open to foreigners sale...

Offer price maybe around 34 to 35mil psm...

Also refer to SS08 posts above about warning...

A group of us bought in the west of hcm last year around 20mil psm...but those lobang will never come back becos Akari City launched recently phase 1 and fully sold out at around 31 to 33m psm...

Wah say.......buy plo-per-tee in Wetnam somemore swee lah......not like me always kaypoh look-see look-see but never did took the plunge........

Cheerios......SS08 ^_^

[snipeshot08]

Originally Posted by langpalang

2 bdroom no longer can get less thn sg 100k leow...

Wow thats even more expensive than condos in Bolehland

Cheerios......SS08 ^_^

[snipeshot08]

Originally Posted by TomMAffolter

I agree personally i found that question very naive like the answer is black and white yes or no answer.
Look at two example 1 guy have 50k sing spare = 850mill spare he 40yrs old
another guy have 2mill sgd spare to invest
considering that vn has shoddy workmanship and the condo will probably collapse in 20 yrs and that there is no freehold and the ownership cert is for 50yrs.
Then someone claims that he bought it for 20mill psm and now its being sold for 30m psm, well sorry that does not equate to a 50% Capital appreciation as one is selling a 1yr old condo the other is a brand new, then also you havent factored in the foregner discount surcharge, ie if someone is buying from a foreigner they know the foriegner doesnt have the same legal protections as a local as so will bargain for a lower price.
The if you examine the quantum of the profit 110mill ofr a 100sq condo is what 6k, you risk money and spend time just earn 6k? i can earn that in 14days.
There are so many factor and consideration are ie using it or buying as a speculator.
What abt taxation, what abt currency devalution VND avg avt 2% yearly
eg inflation+devaluation must be lower than ROI to make it worthwhile
I been living here 12yrs and i still refuse to buy here when i can get 10k a month passive income and a avg 12% ROI on my domestic investments

Interesting & practical analogy the thing that still irks me is still the 50 years thingy as it is downright short even thou I will not live that long but it means it will depreciate much faster than you expect ....

Cheerios.....SS08 ^_^

[Hurricane88]

Originally Posted by snipeshot08

Interesting & practical analogy the thing that still irks me is still the 50 years thingy as it is downright short even thou I will not live that long but it means it will depreciate much faster than you expect ....

Cheerios.....SS08 ^_^

Hope you understand can extend another 50 yrs but not sure how this works becos we all still learning....

Anyway we are investors and reap profit we run...anyway if dun make still hv property in our name...

Currently very hot market and most launches sold out...we bought brand new launches and not built...so not old 1 yr old...no chance see pink book and may hv sold...

We intend to keep money here to spend...so no need to change etc...if opportunity arises we invest others...impressed that vnd stable past two years...

[Hurricane88]

Originally Posted by eddy72

Bro, that mean as of now.. The condo that u buy already earn at least 11 per sqm if u sell now..

See typo error...

[snipeshot08]

Originally Posted by Hurricane88

Hope you understand can extend another 50 yrs but not sure how this works becos we all still learning....

Anyway we are investors and reap profit we run...anyway if dun make still hv property in our name...

Currently very hot market and most launches sold out...we bought brand new launches and not built...so not old 1 yr old...no chance see pink book and may hv sold...

We intend to keep money here to spend...so no need to change etc...if opportunity arises we invest others...impressed that vnd stable past two years...

Definitely to each his own as you have done your own homework before & have deemed it worthwhile so as Nike says, just do it......

With regards to the potential lease extension thingy, as long as it is not in black & white all valuations of property will only take into account the remaining lease to value the property for resale so the same amount of depreciation based on 50 years will still applies moreover do not even need to think about the volatile property rules overseas as the Garment can flip-flop anytime so is still a no-no for me personally

Cheerios......SS08 ^_^

[Hurricane88]

Originally Posted by snipeshot08

Definitely to each his own as you have done your own homework before & have deemed it worthwhile so as Nike says, just do it......

With regards to the potential lease extension thingy, as long as it is not in black & white all valuations of property will only take into account the remaining lease to value the property for resale so the same amount of depreciation based on 50 years will still applies moreover do not even need to think about the volatile property rules overseas as the Garment can flip-flop anytime so is still a no-no for me personally

Cheerios......SS08 ^_^

agreed...to each his own...I just follow the ship and wind...maybe the opportunities are short and the market will run...hopefully by then we will make some millions and spend slowly...

Initially, I didn't trust too but witness a friend made from Vinhome Central Park condo 2 years ago...bought 3bil and sold 4.5bil upon collecting key...all in 1.5bil profit within 2 years...

anyway he bought more units now and we just follow...we pay slowly follow the developer payment schedule...on paper we make money...but market is irrational and gahmen flip flop worrisome...so anyway is risky investment but those who dare to risk stand to make big profits...

In the past we said the same thing about HK, Singapore and SZ property investment...so what happened ...

PS - read the forum with a pinch of salt and dun believe what you read since mostly are strangers...

[nitecrawllerr]

Originally Posted by Hurricane88

In the past we said the same thing about HK, Singapore and SZ property investment...so what happened ...

Same goes for JB. Had i bought one between 2000 and early 2010 i would have make more than double.