Is there a limit on the number of properties a foreigner can own?

Article 161 of the Law on Housing 2014 provides that an eligible foreigner can buy as many as 30% of the total units in one condominium complex, or 250 landed properties units in one particular administrative (or the equivalent of) ward.

Article 76 of the Decree No.99/2015/NĐ-CP provides that:

Foreigner can own up to 30% of the total units in one condominium complex ; in one particular administrative (or the equivalent of) Ward where many condominium complexes are located, a foreigner can own up to 30% of total number of units in one condominium complex, but not exceed 30% of the total units of all such condominium complexes.

In an area with the population equivalent to one particular administrative ward where there is investment project of commercial building which include house/landed properties, the number of house/landed property that a foreigner can own shall be:

(i) If there is only one project with less than 2.500 houses, the foreigner can own up to 10% of the total number of such houses in the project.

(ii) If there is only one project with the number of house equivalent to 2500 houses, the foreigner can own up to 250 houses.

(iii) If the number of the houses in all projects is less than or equal to 2.500 houses, the foreigner can own up to 10% of the total number of houses in each project.

For the greater certainty, the 30% only applies to number of apartments in condominium complex, and the maximum of 250 houses or 10% only apply to number of landed house in the investment project of commercial building with less than or equivalent to 2.500 landed houses.  In any cases, the maximum number of landed houses that a foreigner can own is 250 houses.

The above-mentioned numbers of apartment and landed houses are counted separately.

For example, in an investment project of commercial building that include a condominium complex with 650 apartments and 1500 landed houses, the total number of apartments and landed houses that foreigner can own are 195 apartments and 150 landed houses.

Source: AsiaReal