The Ho Chi Minh City People's Committee has officially released a list of 48 more new commercial housing projects that are now eligible for sale to foreign organizations and individuals.

Of the 48 newly announced projects, a majority of 39 are developed by the Phu My Hung Development Corporation. These projects are concentrated in Zone A of the South Saigon New Urban Area, located in the Tan Hung and Tan My wards.

Experts believe that expanding the list of projects available to foreign buyers will not only stimulate the real estate market but also help attract and retain international experts and engineers.

This move aligns with Ho Chi Minh City's broader ambitions to become an international financial center, a free trade hub, and a leader in the semiconductor industry.

As the city pursues these goals, the need for high-quality living spaces for its growing foreign workforce is becoming increasingly urgent. The addition of these eligible projects is expected to enhance HCMC's competitiveness and position on the global investment map.

Previously, the municipal People's Committee had announced a list of 17 projects approved for foreign sale, including prominent developments such as City Garden, Dragon Village, and Celadon City.

According to Vietnam's Housing Law 2023 and Decree 95/2024, foreign organizations and individuals are only permitted to own property in Vietnam if they possess a valid operational license or an investment registration certificate.