House and Apartment Rentals in HCMC

"Ho Chi Minh City" (HCMC) is the largest city in Vietnam. The economic development of Vietnam over the last two decades has resulted in a massive influx of both the local populace and foreign expatriates into the city, increasing the pressure on housing. However, unlike most other emerging world cities, housing is still cheap and affordable in HCMC. However, if you want that dream apartment or house of your choice, you have to move fast. Even when there are many options, demand is high and properties for rent do not last long in the market. In fact, the best apartments move from one tenant to another almost instantly, meaning that to get the beast deal, you have to plan well in advance. It is imperative to approach house rentals in HCMC in a systematic manner. 1. Decide on the house or apartment type. HCMC has a wide range of options, including service apartments, one bedroom apartments, two bedroom apartments, three bedroom apartments, independent houses (usually of three or four bedrooms) and villas. Service apartments offer the ultimate in convenience, but such convenience come at a price, making it a good option only for short stays. Houses and villas are ideal for large families. Couples and individuals would do well to considerapartment rentals in HCMC. An apartment generally offers more facilities than an independent house, but such facilities usually come at the cost of space. Moreover, many independent houses offer the advantages of exclusive gardens and pools and the rentals are not too high compared to apartments either. 2. Decide on your area: HCMC is divided into many districts. District 1 is the downtown, housing the financial district, government offices and most embassies. District 2 is the preferred location for foreign expats. District 3 is the upmarket housing destination. District 7 is a new development with well planned avenues, commercial zones and restaurants. The Binh Tanh is amongst the most popular outlying districts. 3. Zero in on an apartment of project: The economic boom of Vietnam over the last two decades has led to many new housing developments. Most of the large developments offer enhanced facilities such as swimming pool, health club, round the clock security and other features. It is a good idea to identify some of the developments and decide which property offers the best value for money. Some of the most visible and popular apartment complexes in District 2, the most popular district for expats include Riverside Palace, XI Riverview Palace, River Garden Apartment, Veronica Apartment, Water Lily Apartment, Sai Gon Sen Apartment, Binh Minh Compound, the Golden Apartment, Glenwood Apartment, An Phuc Apartment, Cantavil Apartments, Imperia Apartments, the Vista, Parkland and many more. The Manor Apartment and Saigon Pearl Apartment are two popular options in the Binh Tanh district. 4. Negotiate: The rental rates are often a function of the apartment size and area. The rental rates are highest in Distircts 1, 2 and 3, and go down as one moves to the outer districts. It pays to negotiate the terms, if not the rent. It is equally important to carry the advance with you to settle the deal with the property owner once the terms and rents are agreed upon. Done systematically, house rentals in HCMC becomes totally stress-free and a pleasure in itself.