On January 14th, the Ho Chi Minh City People’s Committee announced a list of five residential projects where foreign organizations and individuals are permitted to own property, as per regulations.
Leading the pack is the Saigon Binh An Urban Area (commercially known as The Global City), boasting the largest area at over 117.4 hectares. Developed by Saigon Investment and Development JSC with Masterise as the project developer, it’s located in Binh Trung Ward. Following closely is the Tam Luc Residential Area, spanning nearly 3.8 hectares and developed by Tam Luc Real Estate JSC, also situated in Binh Trung Ward.
Additionally, the city allows foreign ownership in the Metro Star Office and High-Rise Residential Complex, covering over 1.8 hectares in Phuoc Long Ward, developed by Metro Star Investment JSC. Another approved project is the high-rise apartment complex in Phu Huu Ward (now Long Truong Ward), exceeding 1.8 hectares, developed by National Housing Development JSC – Khang Viet.
Rounding out the list is the Tan An Apartment Project (Tecco Luxury), nearing 0.7 hectares, located in Thuan An and Thuan Giao Wards, developed by Tecco Southern General Corporation JSC.
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List of 5 Residential Projects Open to Foreign Ownership
Source: Ho Chi Minh City People’s Committee
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This announcement follows a series of disclosures throughout 2025 regarding projects eligible for foreign ownership. In late September 2025, the city released a list of 23 projects, notably including three large-scale developments by Van Phuc Real Estate Investment JSC: Van Phuc 1, 2, and 3, totaling over 80 hectares. Thanh Phuc Investment LLC also featured with two projects: the Thanh Phuc High-Rise Residential Area (nearly 1.7 hectares) and the Thanh Phuc Low-Rise Residential Area (nearly 4.5 hectares), both in Long Truong Ward.
Other approved projects include the Phuoc Kien Residential Area (nearly 3.3 hectares) in Nha Be District by Nam Saigon Residences JSC, the Song Viet Complex (nearly 7.6 hectares) in An Khanh Ward by Quoc Loc Phat JSC, and the Dai Nhan Company Residential Area (nearly 30 hectares) in Hiep Binh Ward.
Previously, in August 2025, the city approved 48 projects for foreign sales, prominently featuring 40 projects by Phu My Hung Development LLC, covering approximately 56 hectares within Zone A of the South Saigon New Urban Area (now Tan My Ward). Phu Hung Thai Development JSC also secured three projects in the same zone, totaling nearly 5.5 hectares. Capitaland – Thien Duc LLC contributed three projects in Cat Lai and Binh Trung Wards, spanning 5.6 hectares.
The first announcement of 2025, on June 30th, listed 17 projects eligible for foreign ownership.
With these four announcements, the total number of projects open to foreign ownership in Ho Chi Minh City reaches 93.
Current regulations stipulate that foreigners can only purchase commercial housing in projects that do not impact national defense or security. Ownership is capped at 30% of apartments in a single building or 250 individual houses within a ward.
– 11:23 16/01/2026
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