Expats in Ho Chi Minh City

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Six Expenses When Renting an Apartment in Saigon

Elizabeth Homfray

This content is provided by Hoozing

Renting an apartment in Saigon is not a problem if you have a lot of money in the pocket. However, if your budget is low then do not forget to calculate everything. I mean “everything”, from one-time fees to a bunch of monthly costs, not to mention the monthly rental fee. This article will suggest some more types of expenses that you must cover during the rental duration in Saigon (Ho Chi Minh city).

1. Moving cost

Tenants should consider this expense if they are moving to a whole new apartment/area. This service may include several smaller businesses such as truck renting, packing, unpacking, etc. Moving fee factors in the weight of your stuff, the distance, number of the movers and moving supplies, even the BOT fee could affect the cost of moving.

It may cost you VND 2.000.000 to 3.000.000 to move your furniture in HCMC with full service. Some truthful moving companies in the South, which Hoozing recommends, you are:

2. Furniture

The most painful part of renting a new accommodation is choosing between a fully furnished apartment and an unfurnished one. Below we are listing some good sides of the both choices that may affect your consideration.

The biggest advantages of living in a fully equipped flat are that:

  • You don’t have to move all your stuff in and out of the flat.

  • Spending for new furniture is not a worry anymore.

  • You will save time on decorating and buying new stuff (if it is not your favorite activity)

Let’s check out Hoozing, we are listing 1000+ furnished apartments all over Saigon:

On the other hand, renting an unfurnished apartment has its own advantages too:

  • The monthly rental fee is much lower when it comes to an unequipped flat.

  • You can decorate your flat and choose your furniture as you like.

3. Management fee

Unlike other countries, Vietnamese building owners monthly calculate the management fee (or administration fee). The management fee in Vietnam is to cover these services:

  • Cleaning and maintaining common areas and facilities of the building (park, community hall, elevator, lighting, ventilation plant, etc.).

  • Security fee.

  • Salary of the management board and other staff (security and cleaning staff).

  • Office work.

Hereby is the estimated management fees of some well-known buildings in HCMC area:

  • Masteri Thao Dien: VND 18.500/sqm/month

  • Thao Dien Pearl: VND 17.000/sqm/month

  • The Ascent: VND 15.400/sqm/month

  • Tropic Garden: VND 12.100/sqm/month

4. Parking fee

Some buildings will offer you indoor and outdoor car parking. The difference is about VND 500.000. The highest fee for car parking in Saigon is VND 1.500.000/month (~$65/month) so instead of driving a car, you can have a bunch of money by riding motorbikes. Parking a motorbike only costs VND 150.000 – 200.000/month.

5. Cleaning fee

Cleaning fee in HCMC is considered cheap when they only charge you VND 55.000 to VND 60.000/hour and some extra fees like parking fee and dish soap, etc but don’t forget it as it is one of the renting expenses.

6. Utility bills

Utility fees usually consist of electricity, gas, water, internet and cable bill.

  • Electricity will be covered along the retail electricity tariff of Vietnam Electricity Company.

  • Water fee is calculated by the price of building owners, and most of the time, there are several other fees included such as water management fee (I just don’t know why), plumb depreciation fee, etc.

  • FPT, VNPT, Viettel are the most well-known internet providers in Vietnam. Their cheapest packages (Down/Up Speed: 16Mbps) respectively cost VND 210.000/month, VND 270.000/month, VND 200.000/month. These packages are suitable for a 4-accommodate apartment.

For expats who want to find safe and affordable accommodation in Ho Chi Minh City to settle down Hoozing offers a fast & professional rental process to meet your requirements. Contact Hoozing directly via 0906663265 or the main website to make a request.

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Rent with Hoozing

In need of a fast & professional rental service? Contact our partner Hoozing to find your perfect apartment. Simply call 0906663265 or visit the website to make a request.

HOOZING
119 Luong Dinh Cua, District 2, Ho Chi Minh City

Call: +84 90 666 3265

Website: https://hoozing.com/