Ho Chi Minh City has recently announced a list of 24 real estate projects where foreign individuals and organizations are permitted to own residential properties.
This move marks a significant step in opening up the real estate market to international investors.
The announcement was made in accordance with Decree No. 95/2024/ND-CP issued by the Government on July 24, 2024.
Among the 24 approved projects, Phu My Hung Development Corporation holds a dominant position with 19 projects, while the remaining five projects are attributed to other companies such as C Holdings and Dien Phuc Thanh. This concentration of projects in rapidly developing areas highlights the keen interest of foreign investors in Vietnam's real estate market.
According to regulations, foreigners are allowed to own a maximum of 30% of the apartments in a condominium or 250 individual houses in a ward-level area, ensuring that national security and defense are not compromised.
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