Novaland Group launched a programme called “the 100 first apartments for Vietnamese overseas and foreigners” on July 1, the day the revised Law on Housing takes effect.

Illustrative image (Photo: VNA)

The law for the first time allows overseas Vietnamese and foreigners to own houses in Viet Nam.

The programme offers attractive preferential promotion packages for the first 100 apartments of the group’s four real estate projects in Ho Chi Minh City, which are The Sun Avenue, The Botanica, Lucky Place and Sunrise CityView.

For investment projects with separate houses for sale or lease, foreign organisations and individuals may not own more than 10% of the total number of units within any given administrative area.

(Source: VNA)