Ho Chi Minh City Offers 88 Residential Projects Available for Foreign Buyers

The Ho Chi Minh City People’s Committee has announced an additional 23 commercial housing projects eligible for purchase by foreign organizations and individuals. This brings the total number of such projects in the city to 88.

Among the newly added projects, Van Phuc Group stands out with three large-scale residential areas: Van Phuc 1, 2, and 3, covering a total area of over 807,000 m².

Other notable developers featured in the list include: Song Viet Complex (Quoc Loc Phat Company), Phuoc Kien Residential Area (Nam Sai Gon Residences), Lancaster Legacy (T.N.T Trung Thuy Real Estate Investment LLC), Masteri Thao Dien (Masterise Company), and the upgraded high-end apartment project on Dong Van Cong Street (Bach Loc Trading and Service Investment Corporation).

This marks the third announcement by Ho Chi Minh City in 2025. The first two phases approved 65 projects earlier this year.

Phu My Hung Development Company leads with 9 projects, primarily in the South Saigon urban area, including The Panorama, Riverpark Residences, Sky Garden, and Scenic Valley. Additionally, Phu Hung Thoi Joint Venture (Phu My Hung and three Japanese partners) has 3 projects in the newly announced list.

Following the announcement, the Department of Construction will publish detailed information about these projects on the electronic information portal, in accordance with Article 7, Clause 1 of Decree 95/2024/ND-CP.

Prior to this announcement, several other projects were already approved for foreign ownership, such as: CC1 and CC5 high-rise apartments (The Privé) in Binh Trung Ward by Dat Xanh; Binh Trung Dong Residential Area by CVH Xuan Company; three projects in Cat Lai Ward by Capitaland – Thien Duc, including Vista Verde (Y2 lot), Y1 commercial apartments, and Define (Z2 lot); Dragon Village Residential Area by Dragon Village Real Estate JSC; City Garden Apartments by City Garden JSC; and the Tan Thang sports complex and residential area by Gamuda Land.

Under current regulations, foreign organizations and individuals may purchase commercial housing in Vietnam if they meet legal requirements. Specifically, foreign buyers can only acquire properties in projects that do not affect national defense or security. Ownership is capped at 30% of the total apartments in a building or a maximum of 250 individual houses within the same ward.

To own property, foreign individuals and organizations must provide documentation proving their eligibility. For foreign organizations, this includes an Investment Registration Certificate. Other foreign entities must provide an Investment Certificate, Investment Registration Certificate, or documents from Vietnamese authorities permitting their operation or establishment in Vietnam.

Foreign individuals must present a valid passport and a written commitment stating they are not entitled to diplomatic or consular privileges.

Additionally, foreign individuals must provide proof of eligibility, such as a valid passport with a Vietnam entry stamp or equivalent legal documents.