Viet Nam’s tallest building is just one project set to benefit from legal changes allowing foreigners to buy houses in the country.

From July 1, under the amended Law on Housing, foreigners will be allowed to own houses in Viet Nam with leaseholds of 50 years, extendable for a further 50 years, but as a whole must not own 30% of apartments in any one block. The amendments are expected to encourage many foreigners to buy houses in the country.

The Landmark 81 aparment project is seen in Ho Chi Minh City

A number of investors have already completed plans to harness the anticipated wave of foreign homebuyers, such as VinaCapital, which has special programs for foreigners and overseas Vietnamese to buy apartments at its Azura luxury apartment project in Da Nang.

One of the most outstanding projects for foreign homebuyers in Ho Chi Minh City is Landmark 81, part of Vinhomes Central Park.

Located in the center of the deluxe Vinhomes Central Park, Landmark 81 promises to establish a modern active lifestyle and boast extravagant comforts for people living in the area. Moreover, it has convenient access to service and utility areas, the riverside park, and main roads.

According to Mr. Marc Townsend, General Director of CBRE Vietnam, Vinhomes Central Park is one of the most outstanding projects ever seen in the country and fully combines elements suitable for foreign buyers.

The amended law will also help Viet Nam’s real estate market become more competitive in the region and create attractive opportunities for foreign investors in Vietnam, an emerging market with a great deal of development potential.

 (Source: tuoitrenews)