Vietnam provides a vibrant backdrop for real estate investment as a dynamic and rapidly developing nation. The potential for Vietnam real estate appreciation is bolstered by strong economic fundamentals such as rising GDP, growing population, and largescale infrastructure improvements. The key cities in Vietnam are Ho Chi Minh City, Hanoi and Danang.
Potential investors can choose to invest for any of the following reasons:
With over 20 years of experience in Vietnam, CapitaLand is one of Vietnam’s leading international developers. Over the years, CapitaLand has delivered a steady track record of quality homes to the Vietnamese market. With every project, CapitaLand provides unique and vibrant designs which create a beautiful atmosphere and sense of indulgence for residents.
CapitaLand is committed to being a long-term real estate developer in the country and endeavors to contribute to Vietnam’s growth by “Building People, Building Communities” with our projects.
The Housing Law which takes effect from 01 July 2015 - Opens up the Vietnam real estate market to foreigner ownership.
The new Residential Housing Law allows the eligible foreign entity and individual to buy and own all residential sectors including apartments and landed properties such as villas and townhouses (previously only applicable to apartments).
The rule of 30% cap for Condominiums, and 10% cap for Villas/Townhouses (previously an eligible foreigner could buy only one apartment in Vietnam).
The properties owned by foreigners can be sold, sub-leased, inherited and collateralized (previously only for owner occupying purpose).
Under the new Housing Decree 99 issued on 20 October 2015, foreigners may apply for renewal of up to maximum of additional 50 years, for a total ownership period of up to 100 years. Selling the unit to those permitted to own residential property in Vietnam:
The tenure allowed to foreign individuals buying homes is 50 years from the date the authority issues the house ownership certificate to the relevant owner with renewal possibility upon expiration. Foreign individuals married to Vietnamese citizens are entitled to freehold tenure. Eligible foreign entities shall have the tenure of ownership of apartment/house in accordance with the duration as stated in their business license/investment certificate.