Ho Chi Minh’s economic and cultural growth is a phenomenon that is recognized worldwide. Both Vietnamese and foreigners are flooding the city so that they can also capitalize on that growth.
It’s common for both the locals and the foreigners coming to Ho Chi Minh to find a place to stay.
As a result, the demand for residential buildings has never been greater. Luckily, the real estate developers are tireless in their effort to provide enough housing for both the locals and the foreigners.
Where to start?
Finding an apartment for rent in Ho Chi Minh is neither rocket science nor any different than searching for an apartment in some Western city. Apartments for rent can be found in the local newspaper ads, real estate web portals, Facebook groups, and real estate agents.
As mentioned earlier, the real estate market is keeping pace with the demand. As a result, there is a wide selection of apartments in Ho Chi Minh.
Top neighborhoods for expatriates in Ho Chi Minh
District 1 and District 2 are the main expatriate’s areas. They are a harmonious mix of western and local culture where even many of the locals speak decent English. However, they cover significant areas, and you need to make sure that you find a suitable location within the neighborhood.
If you are interested in suburb living, then Nha Be might be the perfect fit for you. That way, you can stay in a quieter community, far from the loudness of the city. Plus, you can rent premium apartments for excellent rates.
Rental prices can significantly vary. For example, monthly rent for a one-bedroom apartment in the city center can cost you from $600 to $1,500. On the other hand, a two-bedroom apartment in District 2 or District 7 can cost you from $600 to $800 per month.
The Lease Contract
Typically, landlords insist on signing one or a two years contract at least. But with some persuasion, they might allow you to sign a 6-month lease contract.
It is essential to make a contract that covers everything that you have discussed with your landlord. Don’t rely on handshakes and verbal agreements. Instead, put all on paper and make sure that the landlord is on board with everything in the contract.
Fees & Utility Bills
If you’ve found the apartment through a real estate agent, it is the owner’s responsibility to pay his/her fee. There is no obligation on your end of things. Bills are covered entirely by the renter, and they are his/her responsibility. If you don’t know where to pay your utility bills, you might consider hiring a utility bill paying services. Both real estate agents and landlords can help you find a utility bill paying service.
It is fair to say that apartment hunting in Ho Chi Minh is not a complex operation. Plus, many of the locals and especially real estate agents speak English which is quite convenient. Therefore, follow your intuition, take your time, check as many places as possible, and you will be able to find an apartment in no time.
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