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Up to 16,000 foreigners buy housing in Vietnam in last five years

Between 14,000 and 16,000 foreigners have bought housing in Vietnam since July 2015, mostly from China, the Republic of Korea, Japan, Taiwan (China), and Singapore, the Ho Chi Minh City Real Estate Association (HoREA) estimates.
Up to 16,000 foreigners buy housing in Vietnam in last five years ảnh 1Between 14,000 and 16,000 foreigners have bought housing in Vietnam since July 2015. (Photo: thanhnien.vn)

Hanoi (VNA) - Between 14,000 and 16,000foreigners have bought housing in Vietnam since July 2015, mostly from China,the Republic of Korea, Japan, Taiwan (China), and Singapore, the Ho Chi MinhCity Real Estate Association (HoREA) estimates.

It cited figures from 17 major propertybusinesses in the country as showing that 12,335 foreigners have bought housingfrom them since July 2015.

As many as 10,020 people, or over 81 percent of the total, bought housing inHCM City.

The association said the number of apartmentsbought by foreigners, equivalent to some 0.85 percent of units in commercialhousing projects, is still not large and the property market for foreigners hasnot expanded to any great extent.

Given this, it proposed authorities allowforeigners to purchase or own condotels, tourist villas, and shoptels, while thosewishing to invest in resort tourism projects must do so via financialinvestment under the Investment Law./.
VNA
#Ho Chi Minh City Real Estate Association #property market #Investment Law #Vietnam #VietnamPlus #Vietnam news
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