The Ho Chi Minh City People's Committee has just issued a document accompanying Decision 4910/UBND-DT, adding a list of 17 projects that are allowed to sell houses to foreigners in the city. These projects are located in areas that allow foreign organizations and individuals to own, opening up new opportunities in the real estate sector.
The Ho Chi Minh City People's Committee assigned the Department of Construction to be responsible for announcing detailed information about these projects, and at the same time, conducting inspections and examinations of projects in areas requiring security assurance related to housing ownership by foreign organizations and individuals. If violations are detected, the Department of Construction will synthesize, report and advise the Ho Chi Minh City People's Committee to consider handling administrative violations in accordance with its authority and legal regulations.
The Ho Chi Minh City People's Committee also emphasized that the projects added this time all meet the conditions to allow foreigners to own houses according to regulations.
A representative of a real estate company with a project on the above list said that many foreign customers have registered to buy houses in the project for a long time, and many projects have been completed and handed over. The announcement of this list helps create a legal corridor for real estate transactions for foreigners.
According to him, granting permission for foreigners to buy houses in the short term could affect market psychology, causing real estate prices to increase, because the price that foreigners accept is often 5-10% higher than that of Vietnamese people.
In addition, the legal regulations related to selling houses to foreigners have now been tightened and clarified, helping investors with procedures more conveniently than before.
Foreigners are allowed to buy houses in 17 projects.
Project is selling houses to foreigners
| STT | Project name | Investor | Project address | Land area (m²) |
|---|---|---|---|---|
| 1 | High-rise residential area in Hiep Binh Phuoc ward | Ladona Real Estate Company Limited | Road No. 6, Ward 6, Hiep Binh Phuoc Ward (old) | 20,203.7 |
| 2 | Island Residential Complex - Phase 1 | Binh Thien An Real Estate JSC | No. 01, Street 104, Binh Trung Tay Ward, District 2 (old) | 28,792.8 |
| 3 | High-rise residential area - Lot B1 | Dynamic Innovation Co., Ltd. | Tan Phu Ward, District 7 (old) | 18,806.11 |
| 4 | High-rise residential area - Lot B4 | Dynamic Innovation Co., Ltd. | Tan Phu Ward, District 7 (old) | 10,245.7 |
| 5 | High-rise residential area - Lot B2 | Phat Dat Real Estate Development JSC | Tan Phu Ward, District 7 (old) | 4,123.1 |
| 6 | High-rise residential area - Lot B3 | Phat Dat Real Estate Development JSC | Tan Phu Ward, District 7 (old) | 4,352.4 |
| 7 | Apartment Lot 3-15 | Thu Thiem North Area One Member Co., Ltd. | Lot 3-15, Industrial Park 3, Thu Thiem | 15,016 |
| 8 | City Garden Apartment | City Garden Joint Stock Company | 59 Ngo Tat To, Ward 21, Binh Thanh District (old) | 22,889 |
| 9 | Dragon Village Residential Area | Dragon Village Real Estate JSC | Phu Huu Ward, District 9 (old) | 211,870.8 |
| 10 | Phu Long Complex Building - 15A2 | Phu Long Real Estate Joint Stock Company | Nguyen Huu Tho, Phuoc Kien, Nha Be (old) | 10,864.3 |
| 11 | Phu Long Residential Area - 15B | Phu Long Real Estate Joint Stock Company | Nguyen Huu Tho, Phuoc Kien, Nha Be (old) | 28,926.28 |
| 12 | High-rise residential area - area number 13 | Phu Loc Real Estate Investment Joint Stock Company | Nguyen Huu Tho, Phuoc Kien, Nha Be (old) | 27,810.4 |
| 13 | Thao Dien Apartment | SIC Real Estate Investment JSC | 192 Nguyen Van Huong, Thao Dien (old) | 4,967.3 |
| 14 | Cuu Long Apartment | Viet Hung Phu Real Estate Investment and Trading Joint Stock Company | 1 Ton That Thuyet, Ward 1, District 4 (old) | 14,474.1 |
| 15 | Tan Thang Sports & Residential Complex | Gamuda Land Joint Stock Company (HCMC) | Son Ky Ward, Tan Phu District (old) | 820.101.4 |
| 16 | Go Sao residential area | Gia Cu Investment and Development Company Limited | 9A Thanh Xuan 13, Ward 1, Thanh Xuan, District 12 (old) | 86,192.6 |
| 17 | Apartment Complex CC1 & CC2 - Nguyen Son | Mizuki NNH Joint Stock Company | Binh Hung Commune, Binh Chanh District (old) | 16,261.82 |
Source: https://nld.com.vn/17-du-an-duoc-ban-nha-cho-nguoi-nuoc-ngoai-o-tp-hcm-19625071112001919.htm
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