Buying real estate in Vietnam?

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How much for a property in Binh Duong now?

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

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

Binh Duong property prices have surged dramatically in recent years, with condos now ranging from VND 45-50 million per square meter in central areas.

Industrial expansion and infrastructure development have transformed this province into one of Vietnam's hottest real estate markets, with prices doubling over the past five years and continuing their upward trajectory.

If you want to go deeper, you can check our pack of documents related to the real estate market in Vietnam, based on reliable facts and data, not opinions or rumors.

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 Thu Dau Mot, Di An, and Thuan An. 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 are the current price ranges for different property types in Binh Duong?

Property prices in Binh Duong vary dramatically depending on the type and location, with the market experiencing significant growth due to industrial and infrastructural development.

Condos command the highest prices at VND 45-50 million per square meter for standard units, while premium projects in prime districts can reach up to VND 79 million per square meter for newer launches. These prices reflect the strong demand from both local buyers and foreign investors attracted to the province's economic growth.

Townhouses offer more moderate pricing at VND 17-37 million per square meter, depending on location and age of the property. Modern townhouse developments typically fall within this range, making them attractive options for families seeking more space than condos provide.

Landed houses start at VND 1.1-2 billion for properties ranging from 60-100 square meters, with upscale homes exceeding VND 5-10 billion. This translates to approximately VND 30-40 million per square meter for most landed house options in urban areas.

Shophouses present the widest price range at VND 20-80 million per square meter, with pricing heavily dependent on street frontage, location, and built size, while prime commercial shophouses can command even higher prices.

Which areas are most expensive, up-and-coming, and budget-friendly in Binh Duong?

The most expensive areas in Binh Duong are Thu Dau Mot (the central business district), Di An, and Thuan An, where prime properties command top-tier prices.

These districts are expensive due to their proximity to major industrial parks, new infrastructure developments including metro connections and highways, and high demand from expatriates and investors. Thu Dau Mot, as the provincial capital, particularly benefits from government investment and urban planning initiatives.

Up-and-coming areas include Binh Duong New City, Tan Uyen, and Bau Bang, where significant infrastructure projects and major developments are currently underway. These areas attract buyers looking for future appreciation potential, as they offer lower entry prices with strong growth prospects driven by planned urban development.

Budget-friendly options can be found in peripheral and less central wards such as Ben Cat and Dau Tieng, which offer substantially lower prices for both land and housing. These areas provide opportunities for buyers with limited budgets or those seeking larger properties at more affordable prices.

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

What's the average price per square meter by property type and building age?

Property Type & Age Price Range (VND/m²) Location Factor
New Condos (2020+) 45-79 million Prime areas command highest prices
Older Condos (2016-2019) 30-40 million Central locations still premium
New Townhouses 17-37 million Location-dependent pricing
Older Townhouses 12-22 million Significant age discount
Central Landed Houses 30-40 million Bespoke builds command premium
Prime Land (Thu Dau Mot) 52.1 million CBD locations peak pricing
Urban Land (Other Areas) 20-40 million Infrastructure access matters

How do I calculate the true price per square meter considering net vs gross area?

Property listings in Binh Duong typically provide both net (usable) and gross (built-up) area measurements, but understanding the difference is crucial for accurate pricing calculations.

For condominiums, net usable area is usually 80-85% of the gross built-up area due to shared common areas, walls, and building services. For example, a 65 square meter gross condo would have approximately 52-55 square meters of net usable space.

To calculate the true price per net square meter, divide the total purchase price by the net usable area. If a condo is sold for VND 2.2 billion with 65 square meters gross area (52 square meters net), the actual usable price becomes approximately VND 42.3 million per square meter rather than the VND 33.8 million per gross square meter.

This calculation becomes particularly important when comparing properties, as some listings may advertise prices based on gross area while others use net area, leading to misleading comparisons if not properly adjusted.

Always request both measurements from developers or agents to ensure you understand exactly what usable space you're purchasing for your money.

What are the total all-in purchase costs I should expect?

The total cost of purchasing property in Binh Duong extends well beyond the base purchase price, with additional fees typically adding 13-15% for condos and 12-13% for landed properties.

Value Added Tax (VAT) represents the largest additional cost at 10% of the purchase price, applicable to most property transactions. Registration fees add approximately 0.5% of the land value, while notary costs range from 0.1-0.5% of the transaction value.

Brokerage fees vary but typically range from 0-2%, though buyers rarely pay these costs directly as they're usually covered by the seller. For condominium purchases, expect a one-time sinking fund payment of 2% of the apartment price, which goes toward building maintenance and common area upkeep.

Additional developer and administrative fees can add another 1-2% to the total cost, depending on the specific project and developer requirements. These may include legal processing fees, document preparation costs, and various administrative charges.

As of September 2025, buyers should budget approximately VND 260-330 million in additional costs for a VND 2 billion condo purchase, or VND 240-260 million for a similar-priced landed property.

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What ongoing ownership costs should I budget for monthly and annually?

Ongoing ownership costs in Binh Duong vary significantly between property types, with condominiums generally having higher monthly expenses than landed properties.

Homeowners Association (HOA) or management fees for condominiums range from VND 5,000-20,000 per square meter per month, meaning a 60 square meter unit would cost VND 300,000-1,200,000 monthly. These fees cover security, cleaning, elevator maintenance, and common area upkeep.

Property tax in Vietnam remains relatively low at 0.03-0.05% annually of the property's assessed value. For a VND 2 billion property, expect annual property tax of VND 600,000-1,000,000.

Property insurance typically costs VND 1-5 million annually depending on coverage and property value, while utilities for a standard condo unit average VND 1-2 million monthly including electricity, water, internet, and cable services.

Budget approximately 0.5-2% of the property's value annually for maintenance and repairs, which translates to VND 10-40 million yearly for a VND 2 billion property. Factor in potential vacancy periods for investment properties, which can significantly impact rental yield calculations.

What mortgage options are available and what would my payments look like?

Mortgage options in Binh Duong depend heavily on your residency status, with different loan-to-value ratios and interest rates available for local and foreign buyers.

Vietnamese citizens can access up to 70-80% loan-to-value ratios, while foreign buyers are typically limited to 50-60% LTV. This means foreigners need significantly larger down payments for the same property.

Interest rates for fixed-rate mortgages currently range around 8-10% annually for 1-3 year fixed periods, while floating rates can reach 10-12% annually. Mortgage tenures typically range from 10-25 years depending on the borrower's age and income profile.

Banks charge upfront fees of 0.1-1% of the loan amount, though some institutions offer promotions with reduced or waived fees. Early repayment penalties vary by lender, with some banks offering penalty-free early repayment options.

For a VND 1.4 billion mortgage (70% of a VND 2 billion property) at 9% interest over 20 years, expect monthly payments of approximately VND 12.6 million, with total interest payments of VND 1.62 billion over the loan term.

What are the smartest property purchases based on different investment goals?

The smartest property purchases in Binh Duong depend entirely on your primary goal, whether for personal residence, rental income, or capital appreciation.

For personal residence, central condos in Thu Dau Mot and Di An offer the best lifestyle amenities, proximity to business districts, and access to international schools and healthcare facilities. Families should consider landed houses in established neighborhoods for more space and privacy.

Short-term rental investments work best with modern condos near industrial zones and expat communities, particularly in areas with high concentrations of foreign workers and business travelers. These properties command premium nightly rates and benefit from consistent demand.

Long-term rental strategies favor townhouses and shophouses near amenities, schools, and transportation hubs. These properties attract stable, long-term tenants and require less hands-on management than short-term rentals.

For resale appreciation, focus on properties in up-and-coming zones like Binh Duong New City and early-phase projects with strong infrastructure development promises. These areas offer the highest potential for capital gains over 3-5 year holding periods.

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

infographics rental yields citiesBinh Duong

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 rental yields and occupancy rates can I expect for different property types?

Rental yields in Binh Duong vary significantly between short-term and long-term rental strategies, with different occupancy patterns affecting overall returns.

Short-term rentals of modern condominiums typically command VND 10-16 million per month, but occupancy rates average only 60-70% due to market competition and seasonal fluctuations. This irregular occupancy pattern requires active management and marketing efforts.

Long-term rentals offer more stable returns with VND 6.5-10 million monthly for 1-2 bedroom units and occupancy rates exceeding 80%. The lower monthly rent is offset by consistent income and reduced management costs.

After accounting for all costs including management fees, maintenance, vacancy periods, and taxes, net rental yields in Binh Duong average 4-5% annually. This compares favorably to other Vietnamese cities and represents solid returns for real estate investments.

Townhouses and shophouses near business districts and amenities tend to achieve higher occupancy rates and can command premium rents, particularly when targeting corporate tenants or families seeking long-term accommodations.

Location remains the critical factor, with properties near industrial parks, international schools, and transportation hubs consistently outperforming the market average for both rental rates and occupancy levels.

What's the resale market like for liquidity and value-add opportunities?

The resale market in Binh Duong shows strong liquidity for well-located properties, with central condos and prime townhouses typically selling within 3-6 months of listing.

Properties in emerging areas or with unique characteristics may take 6-12 months to sell, while poorly located or overpriced properties can sit on the market for over a year. Market conditions and pricing strategy significantly impact sale timelines.

Value-add opportunities include cosmetic renovations, smart home upgrades, and rental conversion projects for shophouses and townhouses. These improvements can increase property values by 10-20% when executed properly.

The most liquid properties are modern condos in established developments, townhouses in family-friendly neighborhoods, and shophouses on busy commercial streets. These property types attract the broadest pool of potential buyers and investors.

Sellers should expect to negotiate 5-10% below asking prices in the current market, with professional staging and modern amenities helping properties sell faster and at higher prices than average market conditions.

Can you provide recent comparable sales data for different property types?

Address Size & Details Sale Date & Price
Binh Hoa, Thuan An 65.6 m², 13th Floor, Built 2022 Q2 2025: VND 2.2 billion (asking/sold)
Phu Hoa, Thu Dau Mot 55 m², 20th Floor, New Construction Q2 2025: VND 1.98 billion (asking/sold)
The Habitat, Thuan An 53 m², Off-plan Purchase Q2 2025: VND 1.99 billion (asking/sold)
Central Di An 72 m², Mid-floor, Built 2021 Q1 2025: VND 2.45 billion (negotiated 5% below asking)
Thu Dau Mot CBD 58 m², High Floor, New Launch Q2 2025: VND 2.8 billion (premium project)
Tan Uyen Townhouse 85 m², 3-story, Built 2023 Q1 2025: VND 2.1 billion (land included)
Binh Duong New City 95 m², 4-bedroom, Under construction Q2 2025: VND 2.7 billion (pre-sale)

How have prices changed over time and what's the market outlook?

Binh Duong property prices have experienced extraordinary growth over the past five years, with values doubling in many areas driven by industrial development and infrastructure improvements.

Condo prices have surged from approximately VND 22.5 million per square meter five years ago to current levels of VND 45-50 million per square meter, representing a 100% increase. This dramatic appreciation reflects the province's transformation into a major industrial and residential hub.

Over the past year alone, prices have increased 10-15%, with the most significant gains concentrated in central zones like Thu Dau Mot, Di An, and Thuan An where infrastructure development has been most intensive.

The market outlook for the next 1-5 years suggests continued moderate growth of approximately 25-30% through 2030, driven by ongoing industrialization, completion of major infrastructure projects, and continued population growth from domestic and international migration.

Compared to similar cities in Vietnam, Binh Duong currently leads in rental yield potential and growth prospects while offering greater affordability than Ho Chi Minh City. The province's strategic location and industrial base position it well for sustained long-term appreciation, though growth rates may moderate from the exceptional levels seen in recent years.

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

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. VLR - Binh Duong Real Estate 2025
  2. BambooRoutes - Binh Duong Property Market Analysis
  3. Phat Dat - Binh Duong Megacity Development
  4. Fazwaz - Binh Duong Property Listings
  5. Vietnam Real Estate - Binh Duong Villas
  6. Dot Property - Binh Duong Shophouses
  7. Fazwaz - Vietnam Shophouse Sales
  8. LinkedIn - Land Price Framework 2025
  9. Vietnam Real Estate - Binh Duong Apartments
  10. Vietnam Real Estate - Binh Duong Overview