Ho Chi Minh City’s People’s Committee has announced a list of 23 commercial housing projects eligible for sale to foreign organizations and individuals.
Among these, three projects belong to Van Phuc Real Estate Investment Joint Stock Company, including Van Phuc Residential Areas 1, 2, and 3 in Hiep Binh Ward.
Three projects by Van Phuc Real Estate Investment JSC are now available for foreign buyers.
Additionally, several other developers have had their projects approved. These include the Van Xuan High-Rise Apartment Complex (Linh Xuan Ward) by Van Xuan Binh Duong JSC, the Song Viet Complex (An Khanh Ward) by Quoc Loc Phat JSC, and the Phuoc Kien Residential Area (Phuoc Kien Commune) by Nam Sai Gon Residences JSC. The Masteri Thao Dien project (An Khanh Ward) by Masterise Group JSC is also on the list.
In late August, the Ho Chi Minh City People’s Committee published a list of 48 housing development projects where foreign entities and individuals are permitted to own property.
Phu My Hung Development Ltd. dominates with 39 projects, primarily in Zone A of the South Saigon New Urban Area, spanning Tan Hung and Tan My Wards. Notable projects include The Panorama, Park View Apartments, Riverpark Residences, Sky Garden, Scenic Valley, and Happy Valley.
Three additional projects in the M5 – M7 (Midtown) residential area of Zone A, developed by Phu Hung Thoi Development JSC (a joint venture between Phu My Hung and three Japanese partners), are also included.
In the Eastern region, the CC1 and CC5 high-rise apartment complexes (The Privé) in Binh Trung Ward, developed by Dat Xanh Group, are on the list. Three projects in Cat Lai Ward—Vista Verde (Y2 lot), Y1 Commercial Apartments, and Define (Z2 lot)—by Capitaland – Thien Duc Investment LLC, as well as a residential project in Binh Trung Dong Ward by CVH Spring LLC, are also approved for foreign ownership.
Previously, the Ho Chi Minh City People’s Committee announced 17 housing projects in areas where foreign organizations and individuals are allowed to own property.
Under the 2023 Housing Law and Decree 95/2024, foreign entities and individuals may own property in Vietnam if they meet legal requirements and fall within specified categories.
Currently, Ho Chi Minh City has 88 projects eligible for foreign buyers.
Domestic organizations must provide a business registration certificate, investment registration certificate, or other documents proving their establishment, issued by competent authorities.
Foreign organizations investing in housing projects in Vietnam must hold an investment registration certificate as per investment laws.
Foreign organizations not covered by Article 3, Clause 1, Point b of Decree 95/2024/NĐ-CP must provide an investment certificate, investment registration certificate, or documents permitting their operation or establishment in Vietnam, valid at the time of the housing transaction.
Foreign individuals may purchase commercial housing in projects that do not affect national defense or security, with ownership capped at 30% of apartments in a building or 250 individual houses per ward-level area.
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