Ho Chi Minh City People's Committee has just announced a list of housing construction investment projects in the area located in areas where foreign organizations and individuals are allowed to own houses.
Accordingly, the Ho Chi Minh City People's Committee approved 4 housing construction investment projects in the area where foreign organizations and individuals are allowed to own houses on the Ho Chi Minh City People's Committee's Electronic Information Portal.
Among the 4 projects just announced, noteworthy are 2 projects located in Thu Thiem New Urban Area, an area with many high-end real estate projects in Ho Chi Minh City. Specifically, the project at lot 3-11, belonging to functional zone No. 3 of Thu Thiem New Urban Area, now belonging to An Khanh ward, is invested by Vietnam GS Enterprise Co., Ltd. The project has a land area of more than 9,125 m2.
Also in Thu Thiem, the Thu Thiem observation tower complex, invested by De Vuong City Joint Venture Co., Ltd., is included in this list. The project is located in functional area No. 2 (Zone 2b), south of the core center of Thu Thiem New Urban Area, now belonging to An Khanh ward, with a land area of more than 145,617 m2. This is also the project with the largest area in the recently announced list.
The remaining two projects are located in other areas of the city. In which, the Thao Dien ward high-rise apartment complex, at 190 Nguyen Van Huong, Thao Dien ward, formerly, now belonging to An Khanh ward, has an area of more than 17,208 m2. The project is also invested by Vietnam GS Enterprise Co., Ltd.
The fourth project is Phuong Viet apartment building at 1002 Ta Quang Buu, Binh Dong ward, Ho Chi Minh City, invested by Phuong Viet Investment Joint Stock Company. The project has a land area of more than 21,419 m2.
Thus, Vietnam GS Enterprise Co., Ltd. alone has 2 projects appearing in the latest list. Previously, in early July 2026, Ho Chi Minh City also added 3 projects licensed to sell houses to foreign organizations and individuals, including The EverRich I, The Marq and Tam Nhin Residential Area.
As of the present time (last update on August 10, 2026), Ho Chi Minh City has a total of 148 commercial housing projects licensed for sale to foreign organizations and individuals.
According to regulations, foreigners are allowed to own houses in housing construction investment projects as prescribed in Article 17 of the 2023 Housing Law, except for projects in areas that need to ensure national defense and security according to Vietnamese law.
Ownership includes both apartments and detached houses through forms of buying, renting-purchasing commercial housing from investors of housing construction investment projects, receiving donations, receiving inheritance of commercial housing in housing construction investment projects not in areas that need to ensure national defense and security. In addition, foreigners are also allowed to own houses through buying, renting-purchasing houses from foreign organizations and individuals who have owned houses according to the above regulations.
Regarding the number of houses, foreigners are allowed to own in Vietnam: Foreign organizations and individuals are only allowed to buy, lease-purchase, receive donations, inherit and own no more than 30% of the number of apartments in an apartment building.
If it is individual houses including villas and adjacent houses, then in an area with a population scale equivalent to a ward, it is only allowed to buy, lease-purchase, receive donations, inherit and own no more than 250 houses.
In case in an area with a population equivalent to a ward, there are many apartment buildings or for detached houses on one street, organizations and foreigners are allowed to buy, lease-purchase, receive donations, inherit and own no more than the number of apartments, the number of detached houses specified above.
