Eight more housing projects in Hanoi can be owned by foreigners

November 08, 2022 | 10:11
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Hanoi’s Department of Construction recently announced foreign organisations and individuals can now own eight more housing projects.

They include the high-rise housing project N03-T3&T4 at the Diplomatic Corps Area in Bac Tu Liem District, with the Viet Nam Construction and Engineering Joint Stock Company being the investor; and the low-rise housing project in lot TT6-2 in Tay Tuu urban functional area (Xuan La Construction Investment Joint Stock Company).

Eight more housing projects in Hanoi can be owned by foreigners
N03-T3&T4 at the Diplomatic Corps Area in Bác Tù Liem District.-Photo batdongsan.com.vn

Long Bien District has HH4 and HH5 high-rise apartment buildings of the Khai Son City project (Khai Son JSC); and a project to build high-rise housing for sale at lot CT7, Phuc Dong Ward (Long Bien Construction Investment JSC) for foreigners to own.

Foreigners can also purchase houses at land lot CT01 Nam Thang Long Urban Area (Wonderland Real Estate JSC), and Lot CT02A of this urban area (Sunshine Sky Villa JSC) in Tay Ho District.

In Hoang Mai District, foreigners are allowed to own houses at NO-02 and NO-04 apartment buildings of the low-rise housing project and the resettlement and commercial complex in Hoang Liet Ward (Linh Dam Real Estate Investment Co., Ltd.).

Meanwhile, Nam Tu Liem District has a project at No.55 on K2 Street, Cau Dien Ward (Hanoi Transformer Manufacturing and Electric Material JSC).

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Three months into full mandatory social security contribution, foreign workers remain uncertain about its benefits. However, stakeholders are working towards a more refined system.

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Adding the provision that foreign individuals would be allowed to use residential land in Vietnam to the revised Law on Land could ensure uniformity and better consistency in the country’s current legal system.


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