Around half of all property sales in Ho Chi Minh City now go to foreign buyers after the Vietnamese Government repealed restrictions which limited the amount of property they can purchase, according to CBRE Executive, Richard Leech. The new rules allow foreigners who have a minimum net worth of $1 million or more and are not residents of Vietnam to buy up to two properties per year for as long as five years.
Around half of all property sales in Ho Chi Minh City now go to foreign buyers after the Vietnamese Government repealed restrictions which limited the amount of property they can purchase, according to CBRE Executive, Richard Leech. High-end apartment complexes such as Vinhomes Central Park are expected to be particularly popular with foreign investors and critics have praised the amendments for reinvigorating the property market.