The Ho Chi Minh City People’s Committee has announced five new housing projects where foreign ownership is permitted, bringing the city's total to 93 projects. This move is expected to open significant opportunities for international investors.
The newly approved projects include:
The 117-ha Saigon Binh An Urban Area (The Global City) is developed by the Saigon Development and Investment Corporation and located on Do Xuan Hop Street, Binh Trung Ward.
High-rise Apartment Complex in Phu Huu Ward is developed by the National Housing Organization - Khang Viet Joint Stock Company. It is situated in Long Truong Ward with a total land area of over 18,333sq.m.
Office and Residential High-rise Building is developed by the Metro Star Investment Corporation at 360 Vo Nguyen Giap Street, Phuoc Long Ward, covering approximately 1.8 ha.
Tan An Apartment (Tecco Luxury) is developed by Tecco Mien Nam Corporation. Located in Thuan An and Thuan Giao wards, the project occupies about 6,690sq.m.
Tam Luc Housing Area is developed by the Tam Luc Real Estate Corp. The 3.77 ha site is located on Mai Chi Tho Street, Binh Trung Ward.
According to current regulations, foreign individuals who have legally entered Vietnam and foreign organizations operating in the country are eligible to buy and own housing within these approved projects. However, they must comply with ownership limits: foreigners may not own more than 30% of the units in a single apartment building, or more than 250 individual houses within a single ward-level administrative unit. These restrictions are in place to maintain market balance and prevent real estate speculation.
The announcement of this list is expected to not only provide opportunities for foreign residents but also stimulate the overall development of the Ho Chi Minh City real estate market. Furthermore, it fosters a transparent and attractive investment environment, encouraging developers to improve project quality to meet international standards.
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