HCM City, Sept. 13 -- The policy of expanding foreign ownership quotas for eligible projects to sell to foreigners is seen as an important step to help the market absorb international capital, while positioning Ho Chi Minh City as an integrated real estate hub in Southeast Asia. The city recently announced an additional 48 projects eligible for sale to foreign individuals and organisations, bringing the total to 65. The move is regarded as significant in attracting international capital and creating additional demand in the market. According to Nguyen Khanh Duy, Director of Residential Sales at Savills Ho Chi Minh City, the ownership cap of 30% of apartments in a building or 250 landed houses in a ward will help the market absorb foreign ...
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