Thursday, January 05, 2006

The Property market

The system of title of Real Property seems to be very similar in Vietnam to Australia - the description of the process of sale of land sounds as if the Torrens System is in place.

Apartments are sold by the square metre, with an average type of accomodation being about 120 square metres, selling for about 10,000,000 VND per squeter.

This works out to be approximately USD80,000 for a dwelling that could house a family. Vietnam has a two child policy, with an age gap of five years between the first and second child. Traditionally a couple live with the parents of the boy, so a family comprises around six members on average.

A loan scheme for approximately USD4000 for a student loan seems like the correct ratio.

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