Six Housing Projects Approved for Foreigners in HCMC

Photo courtesy of VN Express

Ho Chi Minh City has approved six new residential projects for sale to foreign buyers. This move aims to boost the city's appeal to international investors and professionals, particularly in key areas such as Thuan Giao, Tan Dong Hiep, and Binh Trung, which were erstwhile parts of Binh Duong Province and District 2.

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The decision includes large-scale developments like The One World project by Kim Oanh Investment, covering over 495,000 square meters, and Phu Dong SkyOne by Phu Dong 5 Investment, spanning 5,300 square meters. Additionally, new projects approved in Binh Trung and Binh Tay Wards provide mixed-use residential and commercial spaces, catering to the growing demand from foreign experts.

Previously, the city had announced five projects for foreign ownership, bringing the total to 123. This expansion aligns with Ho Chi Minh City's broader goals of becoming a global financial hub and increasing its attractiveness to foreign talent, especially in emerging sectors like semiconductors and free trade.

The eligibility for foreign ownership adheres to regulations limiting foreign purchases to 30% of a building's units or up to 250 houses per ward. Organizations must have valid investment credentials, and individuals require proper immigration status.

Experts suggest that these developments can significantly contribute to the city's economic growth by attracting international expertise and investment. However, they emphasize maintaining regulatory oversight to balance foreign and local housing interests.

Looking ahead, Ho Chi Minh City will continue to focus on real estate as a strategic asset in its development plans, carefully navigating regulations to enhance the market's allure while prioritizing domestic security concerns.

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  Adapted by ASEAN Now · VN Express · 27 May 2026