There is a growing tendency of renting an apartment in Saigon due to greater demand in employment and living. Expats should consider financial factors when choosing the place to live such as apartment for rent in district 2. Here are some kinds of expenses that you may cover during the rental duration in Saigon.
First of all, with the normally rented apartments, you have to pay following costs:
1. Monthly service fee:
It is the monthly rental payment which is a fixed amount and how much it costs depends on the type of apartment and the area, together with the furniture provided inside.
Tenants of normally rented apartment have to deal with monthly service fee (Source: luxstay)
2. Parking fee:
For most of the apartments, parking fee is exclusive payment relying on the method of parking management that tenants choose. The fee varies according to the type of transportation you are using and the space for parking (in the basement or off-site of the building).
For example, Masteri Thao Dien in District 2 offers parking space for car with the fee ranging from 700,000 VND to 1,500,000 VND each month. For motorbikes, it is much cheaper with the prices varying between 100,000 VND and 150,000 VND. However, for the second vehicle application, the fees are higher.
Related article: Complete guide about motorcycle in Vietnam
Open spaces for parking are very popular in some apartments (Source: giacthanh)
3. Electricity and water bill:
They are listed as one of the utility fees, which are flexible according your usage every month.
Electricity price: 2.500-3.000 VND/kwh
The prices for electricity and water are calculated according to general regulations
4. Internet access:
It depends on the service you choose. It is usually a stable amount each month. There are some well-known internet providers in Vietnam such as FPT, VNPT, Viettel,… Their cheapest packages respectively cost 210,000 VND/month, 270,000 VND/month, 200,000 VND/month.
There are many kinds of internet packages for tenants to choose (Source: cisco)
5. Management fee:
This is also called administration fee, which includes security, maintenance and cleaning, salary of the staff,…However, it is flexible and negotiable whether it is included in the rental payment or not. It may depend on the decision of the landlord.
Management fees are negotiable between landlord and tenants (Source: somerset)
Normally rented apartments can be the unfurnished one without sufficient equipment or furniture. This is a disadvantage because tenants have to move all their stuff into the apartment. It actually costs them the moving cost. They also have to pay for their own decoration. In case tenants do not have enough furniture, they have to buy the new ones with higher cost.
Newcomers usually have to equip their apartment with furniture (Source: vox-cdn)
Secondly, it is quite different when renting a serviced apartment because most of these fees are already included in the rental payment. Renting a serviced apartment is a cost-effective way to experience short-term as well as long-term rentals. When compared to hotels or hostels, renting serviced apartments is more convenient and economical with more spaces, built-in kitchen, fridge or laundry facilities.
A serviced apartment usually includes the following within the rental price:
– A fully equipped kitchen, usually with both dishwasher and washer/drye
– Kitchen accessories (oven and/or microwave, cooker, water boiler, pots, plates, glasses…)
– TV, Internet (Wi-Fi), the latest technology
– Cleaning a few times a week (including or not dishwashing)
– Building management fees
– Usage of the facilities (gym, pool…)
– Parking & security
– Laundry equipment (washers/dryers, either private or shared)
However, the rent rarely includes the utilities, such as:
– Electricity (between 2.500 and 4.000 VND per kWh, depending on the city and the owner)
– Water (fixed fee, often inexpensive)
– Drinking water
The rental price for serviced apartment, such as Masteri Thao Dien in District 2, is ranging from $750 to $850, depending on the size and availability of furniture.
Serviced apartments offer a wide range of home services (Source: vnrenthome)
All in all, expats should take all these things into consideration when choosing a place to live in Saigon. As clarified, renting a serviced apartment is possibly the best choice for them because they can have their own privacy and experience such a comfortable environment as in their home. It will never be a bad decision to choose the one such as apartment for rent in District 2.
This article is summarized by Modoho – a trusted agency in Ho Chi Minh city. If you need any help from a local expertise with free searching services (only landlord have to pay) feel free to contact us. Here is some listing for you: