Payment schedule of buying Vietnam properties (Part 1)

Price list, normally, officially is informed after deposit of reservation. Developer will show a payment scheme with plenty options. To be clearly understand how it work and what it includes that could help you to plan your financial schedule well in Vietnam property investment.

 

Payment schedules are difference according to projects and developers, but you generally pay 1% to 3% each month. Process includes bellow values:

• Refundable Booking Fee: USD 2,500 to USD 5,000
• Deposit Agreement: 10% to 20% of property value
• Installations: 1% to 3% per month – up to 50% of property value
• Hand Over: Pay 45% (totally 95% paid at this stage)
• Hand over and issuing Certificate of Ownership: 5%
• Maintenance fee/sinking fund: 2%

Therefore, total amount need to pay is 102%

 

AN TYPICAL SCHEME

Example of a payment schedule for a 2 Bedroom apartment project from developer in Ho Chi Minh City, Vietnam:

Price: 4,292 USD

Payment of 10% at beginning for deposit

Payment of 15% at sign SPA date

23 months regular payment 

25% at handover date plus 2% maintenance fee

5% left for ownership certificate

This is one of typical payment method in buying property from developer in Vietnam.