Around half of all property sales in Ho Chi Minh City now go to foreign buyers after the Vietnamese Government repealed restrictions which limited the amount of property they can purchase, according to CBRE Executive, Richard Leech. It provides convenient links to office buildings in other parts of the city as well as industrial parks in Bac Ninh and Hung Yen northern provinces. 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Around half of all property sales in Ho Chi Minh City now go to foreign buyers after the Vietnamese Government repealed restrictions which limited the amount of property they can purchase, according to CBRE Executive, Richard Leech. 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.