5 apartments in Hanoi sold to foreigners, price 60-100 million VND/m2

Selling price ranges from 60-100 million VND/m2

The list includes the project of building HH2 - 1A belonging to the Golden Palace A residential, commercial and service complex, located in Me Tri ward, Phu Do ward, Nam Tu Liem district. The project is invested by Mai Linh Investment Joint Stock Company.

The second is the mixed-use residential project 107 Nguyen Tuan Vihacomplex (commercial name Viha Leciva) located at 107 Nguyen Tuan Street, Thanh Xuan District, invested by a joint venture of Xuan Loc Tho Company Limited and Thong Nhat Printing and Trading Joint Stock Company.

There are 3 projects in Vinhomes Smart City urban area (Tay Mo ward, Nam Tu Liem district) including 3 apartment buildings Z38M.1, Z38.1 and U39.1 located on land lot F2-F4-CH04; two buildings Z38M.1 and Z38.1 located on land lot F2-F4-CH05 both belong to Imperia Smart City complex invested by HBI Joint Stock Company;

Besides, there is the project of 3 apartment buildings U35.1, U35.2, U35.3 located on land lot F2-CH01 of Masteri West Heights project invested by SV Tay Ha Noi Real Estate Development and Trading Joint Stock Company.

According to a survey by Dan Tri reporters, on real estate listing sites, the market selling prices of the above projects range from 60-100 million VND/m2.

For example, a 3-bedroom apartment with an area of ​​93.4 square meters at the Viha Leciva project is being offered for sale at a price of 7.7 billion VND, equivalent to more than 82 million VND/square meter. According to the seller, the house was purchased during the first sale and he wants to quickly transfer it to someone with good intentions.

Also at this project, a 3-bedroom apartment with an area of ​​118 square meters is being offered for sale at 12 billion VND, equivalent to nearly 102 million VND/square meter.

At the Masteri West Heights project in Vinhomes Smart City Urban Area, apartment prices range from 60 million VND/m2 to 95 million VND/m2.

A corner of Vinhomes Smart City Urban Area (Photo: Ha Phong).

How long can foreigners own a house?

Decree 95 of the Government provides detailed guidance on a number of articles of the Housing Law, referring to the conditions and regulations when foreign individuals and organizations want to own houses in Vietnam.

Specifically, the number of houses in housing construction investment projects that foreign organizations and individuals are allowed to own is determined according to specific cases.

For an apartment building, including an apartment building built for mixed-use purposes, foreign organizations and individuals are allowed to own a maximum of 30% of the total number of apartments for residential purposes in that building.

In case an apartment building has many units or many blocks sharing the same base, foreign organizations and individuals are only allowed to own a maximum of 30% of the total number of apartments for residential purposes in each unit or block.

As for individual houses in an area with a population of 10,000, if there is only one housing construction investment project, foreign organizations and individuals are only allowed to own a maximum of 250 houses. If there are 2 or more housing construction investment projects, foreign organizations and individuals are allowed to own all projects but not more than 250 houses.

If in an area with a population of 10,000 people there are many housing construction investment projects and foreign organizations and individuals already own enough individual houses according to regulations, they are not allowed to own additional individual houses in other projects in this area.

The Decree stipulates that at least 3 months before the expiration of the home ownership period, foreign organizations and individuals who wish to extend the home ownership period must submit directly or via postal service or online a set of documents specified in Clause 1 of this Article to the People's Committee of the province where the home is located for consideration and settlement.

Within a maximum period of 30 days from the date of receipt of valid dossiers of foreign organizations and individuals as prescribed in Clause 1 of this Article, the Provincial People's Committee shall be responsible for checking the dossiers.

If the subjects and conditions prescribed by the Housing Law are still met, there will be a written approval to extend the housing ownership period once at the request of the owner, but for a maximum of 50 years, from the date of the first expiration of the housing ownership period stated on the certificate.

Source: https://dantri.com.vn/bat-dong-san/5-chung-cu-o-ha-noi-duoc-ban-cho-nguoi-nuoc-ngoai-gia-60-100-trieu-dongm2-20241014010929920.htm