The Ho Chi Minh City People’s Committee announced the approval of ten housing construction projects for foreign ownership, marking the 13th release of such project lists by municipal authorities.
This update brings the total number of foreign-accessible residential developments across Ho Chi Minh City to approximately 160 projects.
The newly approved portfolio encompasses diverse residential, commercial, and mixed-use developments located across key administrative wards.
These include the C1 and C2 high-rise apartment complex within the Hung Phu Residential Area in Tam Binh Ward, developed by Hung Phu Invest JSC; the Hoang Ha My Residential Area in An Phu Ward, developed by Hoang Ha My Real Estate Co., Ltd.; and the residential, commercial, and office complex in An Khanh Ward, developed by G Homes House Development JSC.
Further entries on the approved list feature the Ngoc Luc Bao 68 Apartment Complex, commercially known as The Emerald 68, in Binh Hoa Ward, developed by Le Phong Group JSC, alongside The Emerald River Park Apartment Complex in Lai Thieu Ward, developed by Minh Phuc Real Estate Investment and Development Co., Ltd., and the Thanh Loc Commercial Apartment and Hotel Complex in Thuan An Ward, developed by Thanh Loc Real Estate Investment Co., Ltd.
Rounding out the selection are the Loc Phu Gia Residential Area in Phuoc Hoa Commune, developed by Levacom Real Estate JSC, the Block A High-Rise Apartment Building in the Tan Phu Ward Residential Area in Tan My Ward, developed by Bao Gia JSC, Phase 1 of the Dong Duong Commercial and Service Apartment Complex in Dien Hong Ward, developed by Kingdom Dong Duong JSC, and Phases 1, 2, and 3B of the Saigon River Complex Residential Area, commercially known as Saigon Pearl, in Thanh My Tay Ward, developed by Vietnam Land SSG Co., Ltd..
As Ho Chi Minh City advances its strategic goals to establish an international financial center, foster free trade zones, and scale its high-tech semiconductor industry, residential demand among foreign experts is projected to increase rapidly. Expanding the list of eligible developments addresses immediate market needs while reinforcing the city's broader economic attractiveness to foreign capital.
Under the 2023 Housing Law and Government Decree 95/2024/ND-CP, foreign entities and individuals may acquire residential properties upon satisfying clear regulatory criteria. Foreign investment enterprises must present a valid Investment Registration Certificate, while foreign entities operating in Vietnam require appropriate operational authorization documents. Foreign individuals must possess valid entry clearance and remain ineligible for diplomatic or consular privileges.
Foreign buyers are authorized to own housing units within commercial residential projects and urban housing developments, provided the property does not lie within restricted national defense and security zones.
Statutory ownership caps restrict foreign buyers to a maximum of 30 percent of total apartment units within a single condominium building, or no more than 250 individual houses within a ward-equivalent population area.
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