Is it worth it buying property in Hai Phong in 2025?

Authored by the expert who managed and guided the team behind the Vietnam Property Pack

Everything you need to know before buying real estate is included in our Vietnam Property Pack

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Hai Phong. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At BambooRoutes, we explore the Vietnamese real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Hai Phong, Hanoi, and Ho Chi Minh City. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What types of properties are available in Hai Phong in 2025?

Hai Phong offers a comprehensive range of residential properties including apartments in new developments and resale units, private homes, villas, townhouses, and land plots across various districts.

The apartment market dominates with modern high-rise projects like Vinhomes Royal Island and Harbor Residence offering premium amenities. Resale apartments provide more affordable entry points, particularly in established neighborhoods like Le Chan and Hong Bang districts.

Villas and townhouses are concentrated in upscale areas such as Hong Bang, featuring colonial-style properties and waterfront homes. Land plots are available primarily in developing districts like An Duong and Thuy Nguyen, offering opportunities for custom construction.

Commercial real estate includes office spaces and retail units, though residential properties remain the primary focus for individual investors. The market caters to budgets ranging from under VND 2 billion for suburban apartments to over VND 6 billion for luxury waterfront properties.

Is it better to buy or rent a property in Hai Phong right now?

Buying makes financial sense for stable expats, long-term investors, and local families seeking capital appreciation, given the 80-120% price increases over five years and projected continued growth through 2026.

Property ownership offers solid rental yields of 3.2-5% annually, outperforming Hanoi's average of 3.7%. The strong foreign direct investment of nearly $5 billion in 2024 and ongoing infrastructure development support further price appreciation.

Renting suits short-term residents, first-time expats, or those with uncertain long-term plans. Central 1-bedroom apartments rent for approximately $365 monthly, while suburban options start around $220.

The decision ultimately depends on your timeline and financial goals. Buy if you plan to stay 3+ years or want rental income, rent if you need flexibility or are testing the market first.

It's something we develop in our Vietnam property pack.

What is the current property pricing in Hai Phong compared to the past, and what are the price forecasts for the future?

Property Type	Average Price June 2025	Estimated 2019 Price
Central Apartments	VND 45 million/m²	VND 20-25 million/m²
Villas/Townhouses	VND 49 million/m²	VND 22-27 million/m²
Suburban Apartments	VND 12-15 million/m²	VND 7-9 million/m²
Land Plots (An Duong)	VND 12-40 million/m²	VND 6-12 million/m²
Coastal Areas	VND 35-50 million/m²	VND 15-20 million/m²

What are the latest real estate market trends in Hai Phong?

Record foreign direct investment of nearly $5 billion in 2024 drives unprecedented housing and commercial demand across all property segments.

Transaction volumes jumped 50% year-on-year in 2024, indicating strong market confidence. New residential unit supply increased 12% in the first half of 2024, helping meet growing demand while maintaining price momentum.

Mega-projects like Vinhomes Royal Island and Gem Park attract luxury buyers and international investors. The market shows a clear shift toward integrated urban-industrial corridors, particularly in border districts connecting to industrial zones.

As of September 2025, sustained upward momentum continues with 5-10% annual price growth forecast through 2026. The emergence of township-style developments combining residential, commercial, and recreational facilities represents the new market direction.

What is the step-by-step process for buying property in Hai Phong?

1. **Property Selection**: Choose from approved projects or verify legal status for resale properties2. **Due Diligence**: Conduct ownership certification checks and legal verification3. **Property Reservation**: Pay 5-10% deposit and sign reservation agreement4. **Sales Agreement**: Execute notarized sales contract with payment schedule5. **Payment Completion**: Transfer funds according to contract terms via bank transfers6. **Ownership Registration**: Submit official application with required documents7. **Certificate Receipt**: Receive Pink Book (official ownership certificate)

Hiring a local lawyer is highly recommended for foreigners to review contracts, verify ownership eligibility, and ensure compliance with foreign ownership regulations, significantly reducing legal risks.

Where can you find properties in Hai Phong? Are there reliable real estate agencies?

Reliable local agencies include ISN Corporation for city-wide full-service, An Phú Land specializing in Thuy Nguyen district, and Văn phòng bán hàng Dự án Harbor Residence for new project sales.

For rentals, Nhà thuê Hải Phòng specializes in rental properties while Vinhomes Royal Island handles high-end sales and rentals. These agencies offer local expertise and established track records.

Online portals provide comprehensive listings: DotProperty, Vietnam-Real.Estate, FazWaz, and Properstar feature apartments, houses, land plots, and commercial units with detailed photos and pricing.

Project sales offices at major developments like Harbor Residence and Vinhomes offer direct access to new units with developer financing options. Always verify agency licenses and read reviews before engaging services.

Which types of properties fit different budgets in Hai Phong?

- **Budget Properties (Under VND 2 billion)**: Suburban apartments in Ngo Quyen and Co Gianh districts, small studio houses, and land plots in developing areas like An Duong and Thuy Nguyen- **Mid-range Properties (VND 2-5 billion)**: New project apartments in Le Chan district, townhouses in secondary locations, and 2-3 bedroom apartments in central or developing districts- **Upscale Properties (Over VND 6 billion)**: Luxury villas and townhouses in Hong Bang and Hai An districts, premium apartments in Vinhomes Royal Island, and waterfront properties in coastal areas- **Investment Properties (VND 3-8 billion)**: Properties near industrial zones in Thuy Nguyen and An Duong for rental yields, and apartments in Le Chan for family rentals- **Land Investment (VND 1-4 billion per plot)**: Development plots in An Duong and Thuy Nguyen districts with future appreciation potential

What are the most common mistakes to avoid when buying property in Hai Phong?

Purchasing outside projects approved for foreign ownership represents the most critical error, leading to illegal ownership and potential total investment loss.

Exceeding foreign ownership quotas of 30% in apartment buildings creates regulatory violations and severe resale difficulties. Using nominee arrangements through Vietnamese nationals is illegal and provides zero legal protection.

Engaging with fake or unlicensed projects, especially pre-sales of undeveloped properties, exposes buyers to significant financial losses. Always verify developer credentials and project approvals.

Neglecting due diligence on property titles, outstanding debts, and construction permits leads to costly legal issues. Failing to calculate total costs including 10% VAT, 0.5% registration fees, 2% maintenance, and ongoing management fees creates budget shortfalls.

It's something we develop in our Vietnam property pack.

What is the cost of living in Hai Phong?

Single residents spend approximately $593 monthly including rent, while families of four average $1,544 per month for all living expenses.

Housing costs vary significantly by location: city-center 1-bedroom apartments rent for $365 monthly, while suburban equivalents cost around $220. Utilities average $23 monthly for single residents.

Daily expenses remain highly affordable with lunch meals costing $1.50, local bus fares at $0.40, and groceries significantly cheaper than Western standards. Hai Phong ranks as Vietnam's 4th least expensive city.

The city offers reasonable quality of life with good infrastructure, growing amenities, and modern healthcare facilities. International schools and private hospitals serve the expanding expat community.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What are the best areas to invest in, and how do affordable, upcoming, and upscale neighborhoods compare?

District	Price Range (VND/m²)	Investment Profile
An Duong	12-40 million	Affordable/High growth potential
Thuy Nguyen	25-35 million	Upcoming/Future city status
Le Chan	30-42 million	Balanced/Mid-range families
Hong Bang	35-60 million	Upscale/Colonial heritage
Coastal Areas	35-50 million	Premium/Tourism potential
Industrial Zones	20-30 million	Rental yields/Expat demand

How is life as an expat in Hai Phong, and what should you expect?

Hai Phong's growing international population benefits from expanding amenities including international schools, private hospitals, and diverse dining options catering to foreign residents.

Cost of living remains 50-70% lower than Western countries, offering excellent value with modern infrastructure and a safe, friendly environment. The port city provides good connectivity to Hanoi and other major destinations.

Language barriers exist outside tourist and expat areas, requiring basic Vietnamese for daily interactions. Bureaucratic processes can be complex, making local assistance valuable for property transactions and legal matters.

Air pollution and traffic congestion are present but less intense than Hanoi or Ho Chi Minh City. The city's industrial growth attracts international companies, creating networking opportunities for business professionals.

What's the potential for renting out property long-term in Hai Phong, and what areas should you target for the best tenants and rental income?

Annual rental yields of 3.2-5% exceed Hanoi's average of 3.7%, driven by strong demand from expats, factory managers, and young professionals.

Target areas near industrial parks in Thuy Nguyen, An Duong, and Hai An districts attract stable expat tenants with long-term contracts. High-rise developments in Le Chan and Vinhomes Marina appeal to middle-class families and professionals.

Typical tenants include expatriate workers in manufacturing and logistics, mid-level professionals, young families, and university students. Properties within 30 minutes of major employers command premium rents.

Success factors include proximity to international schools, modern amenities, reliable internet, and parking facilities. Professional property management services help maintain occupancy rates and handle tenant relations effectively.

It's something we develop in our Vietnam property pack.

How does short-term renting in Hai Phong work, including the rental income, target tenant profile, and regulations?

Short-term rentals generate higher returns than long-term options, with annual yields of 6-8% achievable in prime locations through platforms like Booking.com, Airbnb, and Agoda.

Best-performing properties include city-center apartments, serviced apartments near Cat Bi airport, and waterfront homes in Vinhomes and Hai An districts. Target guests include tourists, business travelers, short-stay expats, and medical visitors.

Official registration is required for short-term rentals, and not all condominium projects permit this use. Verify building regulations and obtain necessary permits before starting operations.

Success requires choosing legal, well-managed properties in high-demand neighborhoods and working through licensed platforms or agencies. Professional cleaning services and responsive guest communication are essential for positive reviews and sustained bookings.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Vietnam Housing
2. Vietnam Real Estate - Hai Phong
3. Fazwaz Vietnam - Hai Phong Properties
4. DotProperty Vietnam - Hai Phong Rentals
5. BambooRoutes - Hai Phong Price Forecasts
6. Homelands Asia - Hai Phong Real Estate Prospects
7. Vietnam Incorp - Hai Phong Megacity
8. Properstar - Hai Phong House Prices
9. Numbeo - Cost of Living in Hai Phong
10. BambooRoutes - Hai Phong Real Estate Trends