Vietnam Conducting Survey on Foreign Property Ownership

• 29 May 2019
• Local News
• 1033 Views

Vietnam’s Ministry of Construction is overseeing the compilation of a report into the scale of foreign home ownership nationwide following the relaxing of ownership rules with the Housing Law in 2014.

Information from the report, including location and types of homes purchased, will be used to evaluate the implementation of the policy allowing foreign organisations, individuals and Viet kieu (overseas Vietnamese) to purchase and own homes in the country.

Over 800 foreigners obtained home ownership certificates to 2017. In Ho Chi Minh City, Chinese accounted for 31% of foreign home purchases by Q3 of 2018 ahead of South Koreans at 19%; Hong Kong at 10% and Americans at 3%.

Information from the report, including location and types of homes purchased, will be used to evaluate the implementation of the policy allowing foreign organisations, individuals and Viet kieu (overseas Vietnamese) to purchase and own homes in the country.

Over 800 foreigners obtained home ownership certificates to 2017. In Ho Chi Minh City, Chinese accounted for 31% of foreign home purchases by Q3 of 2018 ahead of South Koreans at 19%; Hong Kong at 10% and Americans at 3%.

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