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blue-check Foreigners are not allowed to own commercial apartments of social housing projects

Official letter No. 856/BXD-QLN dated March 15th, 2022 of the Ministry of Construction regarding guidelines for housing-related regulations
Posted: 30/3/2022 3:32:13 PM | Latest updated: 14/4/2022 1:36:09 PM (GMT+7) | LuatVietnam: 5429 | Vietlaw: 556
VietlawOnline

Conditions and limit on ownership of houses in Vietnam with regard to foreigners are regulated at point a clause 2 Article 161 of 2014 Law on Housing and clause 1 Article 75 of Decree No. 99/2015/ND-CPstatus2 .

Accordingly, foreigners are only allowed to own apartments of commercial housing projects and the number of apartments must not exceed 30% of the total number of apartments in the apartment building.

As the result, current regulations do not allow foreigners to own apartments of social housing projects, even commercial apartments of social housing projects.

Regarding selection of investors of social housing projects, according to point d clause 1 Article 3 of Circular No. 09/2021/TT-BXDstatus2 , in case applying the bidding method, it is required to have detailed construction planning already approved by the authorities.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 556

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Land and Housing

blue-check Amendments to many regulations on land use
blue-check [Merged] - Regulations in details of Law on Housing
blue-check [Merged] - 2014 Law on Housing
blue-check Regarding foreigners’ ownership of houses in Vietnam
blue-check It is not allowed selling more than 10% of apartments in a housing project to foreigners
blue-check New regulations on use of houses and land for state foreign affairs
blue-check Amendments to some regulations on land valuler, weather modification and clean development projects under the Kyoto Protocol
blue-check Guidelines on calculation of expenditure on compensation, support, and relocation in case of land expropriation by the State
blue-check It is not allowable to transfer housing lease agreement
blue-check
blue-check It is not allowable to execute commercial housing projects on land for trading and service
blue-check Foreign organizations may not purchase commercial houses in social housing projects
blue-check Foreigners are not allowed to own commercial apartments of social housing projects
blue-check Methods for development of housing projects in the 2021 – 2030 period
blue-check Regarding procedures for recognition of a commercial housing project owner
blue-check [Merged] - Regulation on management and use of apartment buildings
blue-check [Merged] - Regulations on housing ownership and sale, purchase
blue-check Amendments to some regulations on disposition of public property
red-check It is exempt from submission of identity card and family register upon issuance of certificate of land use right, house ownership
blue-check Abrogation of some procedures for investment in housing project