Real estate sales to foreign nationals: A potential market remaining untouched

The revised Law on Housing which has become effective since July 1st, 2015 stipulates that foreign institutions and individuals, enterprises with foreign capital, branches and representative offices of foreign enterprises, and foreign nationals permitted to enter Vietnam are allowed to purchase, rent, receive or give away, inherit and own housing in Vietnam. The newly formed regulation has drawn great attention from foreign nationals currently residing and working in Vietnam, and international investors alike. Both economists and real estate enterprises regard this as a driving force for future market, which helps stimulate business activities and create a more transparent and healthier competitive environment. 

Foreign nationals interested in RE purchase in Vietnam

Asian Real Estate Investment Joint Stock Company (AsiaReal), a member company of AsiaInvest Corporation has revealed that they have an increasing number of clients showing interest in purchasing housing in Hanoi and Ho Chi Minh City. Their clients are also interested in resort real estate in Da Nang, Nha Trang, and Phu Quoc Island, etc. As a response to the escalating demand, AsiaReal has established a unit specialized in RE distribution to foreign clients, developed an international partnership network, and facilitated Investors in distributing RE products to markets in Asian region and Australia.

AsiaReal and SLP International in an experience-sharing session on RE sales and marketing to foreign nationals

AsiaReal is demonstrating its pioneering position in assisting foreign nationals in domestic RE transactions while networking with several international RE institutions - a Singapore-based company named SLP International being one of them - to call for investment into Vietnamese market. SLP International is considered a highly valued company in regional RE market with a vast network of agencies in Asia and Australia, and prestigious awards including the Asia Pacific Property Awards. The two companies are joining in a committed effort to bring RE products to international investors while supporting them in advertising their images beyond Vietnam. 

AsiaReal is currently working with its partners to promote a range of big-scale projects, namely Vinhomes Riverside, Vinhomes Gardenia, FLC Sam Son, Flc Quy Nhon, Movenpic, Royal Marina Center and Flamingo Dai Lai, etc., to international investors. 

The collaboration between AsiaReal and international institutions has drawn in foreign investment and catapulted the domestic RE market into a more sustainable stage. 

Source: AsiaReal