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blue-check Foreign organizations may not purchase commercial houses in social housing projects

Official letter No. 1561/BXD-QLN dated May 6th, 2022 of the Ministry of Construction regarding sale, lease, lease purchase of commercial houses in social housing projects
Posted: 12/5/2022 9:42:45 AM | Latest updated: 18/5/2022 1:37:06 PM (GMT+7) | LuatVietnam: 5451 | Vietlaw: 561
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The Ministry of Construction assumes that Decree No. 100/2015/ND-CPstatus2 and Circular No. 20/2016/TT-BXDstatus1 do not regulate any limit on foreign organizations to buy, lease, lease purchase 20% floor area of commercial houses of social housing projects

However, based on clause 2 Article 159 of 2014 Law on Housing, clause 1 Article 75 of Decree No. 99/2015/ND-CPstatus2 (amended at clause 22 Article 1 of Decree No. 30/2021/ND-CP), foreign organizations are only allowed to buy, lease, lease purchase commercial houses (including apartments and detached houses) of commercial housing construction projects.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 561
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Land and Housing