bet88 kèoHanoi announces five more housing projects for foreign ownership

Foreign organizations and individuals can now own five more housing projects bet88 kèo Hanoi, according to an announcement by the municipal Department of Construction.

Among the five projects, four are located bet88 kèo Nam Tu Liem district and the other one bet88 kèo Thanh Xuan district.

Under Government Decree No.95/2024/ND-CP, dated July 24, 2024 and effective on August 1, which provides guidelines for the Law on Housing 2023 (amended), foreign entities and individuals (foreigners) can now own up to 30% of the residential apartments bet88 kèo a building, including mixed-use developments.

For apartment complexes with multiple blocks sharing a common base, foreign ownership is capped at 30% of the units bet88 kèo each block.

For standalone houses bet88 kèo designated areas with a specified population, foreigners can own no more than 250 units if only one housing development project exists, but bet88 kèo areas with two or more, they can distribute ownership across all projects and the total must not exceed 250 houses. However, once the 250-house cap is reached bet88 kèo one project, no further purchases can be made within that area.

To extend ownership beyond the initial period, foreigners must submit an application to the provincial People’s Committee at least three months before the expiration date. The committee has 30 days to approve or reject the request, which can grant an additional 50 years of ownership.