There're some rare places in Hanoi, quoted the price $250,000 or more for a square meter. I don't know how it compare to other nations. But it's not for everyone.
An apartment in 10 kilometers distance far from the center cost only $700/m2
So I will not say that Houses in Hanoi or Saigon expensive as Tokyo. Can tell me about Tokyo price @Nihonjin1051 ?
I know by my chat with Korean partners that, Korean price is 2 - 3 times expensive than Vietnam.
In average the Korean area of apartment is smaller than in Vietnam
Prices in Tokyo are exorbitantly high. Just let me give you a comparison -- my family own a house (fairly decent sized home) in a suburb in Sapporo -- its is 5 bedrooms, 4 bathrooms, a fairly decent size backyard. The property value of our house is -- around 54 million Yen -- in US Dollars it is around $450,000. Our house is located in a middle class subdivision.
Now, that 54 million yen is cheap, compared to how much people spend in Tokyo. Depending on what area of Tokyo, but a 2 bedroom condo -- with maybe 1400 square feet of space in prime realty lot --- costs around 182-185 million yen (in US Dollars thats around $1.5 Million). Maybe you can be lucky if you can find something as cheap as $1 million, but that's cheap and you'll be really lucky.
If you wanted to buy a house like ours in say Tokyo or suburbs around Tokyo --- you are looking to spend over $2 million USD. The houses in Tokyo are smaller in size due to the shear cost of space. If you want to have a large house, its best to live in the countryside or rural --- then just commute to work. To own a large house in Tokyo --- only millionaires or billionaires have that privilege.