HCMC adds 25 projects for foreigners to buy houses

MINH QUÂN |

Ho Chi Minh City has just announced a list of 25 commercial housing projects that are eligible for foreign organizations and individuals to buy.

Notably, Phu My Hung Development Co., Ltd. accounts for 19/25 projects in this list, mainly concentrated in Zone A - New Urban Area South of Ho Chi Minh City, belonging to Tan Hung and Tan My wards.

Some typical projects include Sky Garden 2 High-rise Apartment Building (Lot R1-2), My Canh Quarter Phase II (My An - Lot H14-2), Nam Thien Multi-purpose Housing Area (Lot H13-1), My Hung Multi-purpose Quarter (Lot H7)...

In addition, many other investors also have projects approved in this phase such as: Hanh Phuc apartment complex (The Felix) of Choldings Joint Stock Company in Binh Hoa ward; apartment complex project of Truong Tin Construction and Housing Business Co., Ltd. in Long Phuoc ward; high-rise residential area combined with commercial, service and office accommodation (Officetel) of Dien Phuc Thanh Construction and Housing Business Co., Ltd. in Binh Trung ward; Long Truong ward residential area of more than 19ha; Tan Thuan Tay residential area project of Xuan Mai Saigon Construction Investment Joint Stock Company in Tan Thuan ward.

Previously, in 2025 and the first months of 2026, Ho Chi Minh City announced the list of projects eligible for sale to foreigners 4 times, bringing the total number to 93 projects.

The continued expansion of the portfolio is assessed by experts as a positive move, contributing to improving the liquidity of the real estate market, while attracting high-quality international human resources to live and work long-term.

In the context that Ho Chi Minh City aims to become an international financial center, develop free trade and promote the semiconductor industry, the housing demand for foreign experts and engineers is forecast to increase sharply in the coming time.

The addition of more suitable projects not only meets practical needs but also contributes to enhancing the investment attractiveness of the city.

According to the 2023 Housing Law and Decree 95/2024/ND-CP, foreign organizations and individuals are allowed to own houses in Vietnam if they meet the legal conditions as prescribed, such as having an investment registration certificate, legal establishment documents in Vietnam or being allowed to enter the country.

However, foreigners are only allowed to buy commercial housing in projects that do not affect national defense and security; at the same time, they must comply with ownership limits, not exceeding 30% of the number of apartments in an apartment building or 250 detached houses within a ward-level unit.

MINH QUÂN
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