HCMC adds 23 more real estate projects eligible for sale to foreigners

The Ho Chi Minh City People's Committee has announced a list of 23 housing development projects in the city where foreign organizations and individuals are allowed to purchase homes.

This is the third announcement of its kind in 2025, increasing the total number of eligible projects to 88.

Among these, three projects by Van Phuc Real Estate Investment JSC - Van Phuc Residential Areas 1, 2, and 3 - are now open for foreign buyers, with a combined land area of 807,698 square meters in Hiep Binh Phuoc ward.

In addition to Van Phuc, several other developers also had projects approved. These include the Song Viet Complex by Quoc Loc Phat JSC; the Phuoc Kien Residential Area by Saigon South Residences JSC; the Luxury Apartment upgrade project at 800 Dong Van Cong street, Cat Lai ward, by Bach Loc Trading Services Investment JSC; Lancaster Legacy by TNT Trung Thuy Real Estate Investment Co., Ltd.; and Masteri Thao Dien by Masterise Group JSC.

Previously, numerous other projects had also been announced by the HCMC People’s Committee as eligible for purchase by foreign entities and individuals.

Notably, in the second announcement, Phu My Hung Development Corp. had as many as 39 projects, mainly located in Zone A of the Southern New Urban Area in Tan Hung and Tan My wards. Key projects include The Panorama, Riverpark Residences, Sky Garden, and Scenic Valley.

Additionally, three other projects in the area developed by Phu Hung Thai Development JSC, a joint venture between Phu My Hung and three Japanese partners (Daiwa House Group, Nomura Real Estate, and Sumitomo Forestry Group), were also included.

Other notable projects now eligible for foreign buyers are CC1 and CC5 High-Rise Apartments (commercial name: The Privé) in Binh Trung ward by Dat Xanh Group; the high-rise residential area in Hiep Binh ward (formerly Hiep Binh Phuoc) by Ladona Real Estate Co., Ltd.; and the Island Complex Residential Area – Phase 1 by Binh Thien An Real Estate JSC.

Lots B1, B2, B3, B4 in the high-rise residential area in former Tan Phu ward, District 7, by Dynamic Innovation Co., Ltd. and Phat Dat Real Estate Development Corporation; City Garden Apartments by City Garden JSC; Subzones 15A2 and 15B of the Phu Long Complex by Phu Long Corporation; and Tan Thang Sports and Residential Complex by Gamuda Land JSC.

According to regulations, foreign organizations and individuals are permitted to own housing in Vietnam if they meet legal requirements and fall under the designated eligible categories. These include having an investment registration certificate, legal incorporation documents in Vietnam, or lawful entry into the country.

Foreign entities and individuals may only purchase commercial housing in projects that do not affect national defense or security. Ownership is capped at 30% of apartments in a single building or 250 standalone houses in a ward-level administrative area.

Foreign organizations investing in housing development projects in Vietnam must have an investment registration certificate. Those not directly developing housing but wishing to own property must hold either an investment certificate or other legal documents issued by Vietnamese authorities.